Annual report [Section 13 and 15(d), not S-K Item 405]

Discontinued Operations (Tables)

v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Discontinued Operations
The following table summarizes the results of operations of the Passenger business which are presented as discontinued operations:

For the Years Ended
December 31,
2025		 December 31,
2024
Revenue $ 76,556  $ 101,876 
Cost of revenue
 53,673  75,998 
Gross Profit 22,883  25,878 
Operating expenses:
Selling, general and administrative
 17,144  35,551 
Amortization of intangible assets
 759  1,728 
Total operating expenses
 17,903  37,279 
Operating income (loss) 4,980  (11,401)
Interest expense (131) — 
Gain on sale and disposal of discontinued operations 56,996  — 
Income (loss) from discontinued operations before income taxes
 61,845  (11,401)
Income tax (benefit) on discontinued operations 432  (255)
Net income (loss) from discontinued operations $ 61,413  $ (11,146)
The following table presents depreciation and amortization, capital expenditures and other non-cash operating activities of the discontinued operations related to the Passenger business:
For the Years Ended
December 31,
2025		 December 31,
2024
Depreciation and amortization
 $ 1,285  $ 2,704 
Capital expenditures
 296  1,615 
Stock-based compensation 874  1,524 
Gain on sale of Passenger business 56,996  — 

The following table summarizes the major classes of assets and liabilities which represent only those related to the Passenger business, classified as held for sale presented as discontinued operations at December 31, 2025 and December 31, 2024, respectively:

December 31,
2025		 December 31,
2024
Cash and cash equivalents $ —  $ 2,306 
Restricted cash —  1,006 
Accounts receivable, net —  1,769 
Prepaid expenses and other current assets —  6,071 
Property and equipment, net —  2,453 
Intangible assets, net —  5,689 
Goodwill —  25,510 
Operating right-of-use asset —  6,044 
Other non-current assets —  1,319 
Total assets of discontinued operations $ —  $ 52,167 
Accounts payable and accrued expenses $ —  $ 3,546 
Deferred revenue —  6,656 
Operating lease liability, current —  2,622 
Operating lease liability, long-term —  3,682 
Deferred tax liability —  185 
Total liabilities of discontinued operations $ —  $ 16,691