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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues $ 120,400 $ 122,073 $ 242,315 $ 241,350
Cost of revenues:        
Total cost of revenues 27,121 25,204 55,062 50,881
Gross profit 93,279 96,869 187,253 190,469
Operating expenses:        
Sales and marketing 37,660 36,862 73,766 70,102
Research and development 29,354 31,790 60,712 65,313
General and administrative 28,830 28,502 56,736 55,208
Digital asset impairment losses 24,143 917,838 43,054 1,087,929
Total operating expenses 119,987 1,014,992 234,268 1,278,552
Loss from operations (26,708) (918,123) (47,015) (1,088,083)
Interest expense, net (11,095) (13,187) (26,025) (24,226)
Gain on debt extinguishment 0 0 44,686 0
Other (expense) income, net (250) 5,120 (1,693) 7,345
Loss before income taxes (38,053) (926,190) (30,047) (1,104,964)
(Benefit from) provision for income taxes (60,296) 136,108 (513,483) 88,085
Net income (loss) $ 22,243 $ (1,062,298) $ 483,436 $ (1,193,049)
Basic earnings (loss) per share (1) [1] $ 1.68 $ (94.01) $ 41.18 $ (105.64)
Weighted average shares outstanding used in computing basic earnings (loss) per share 13,247 11,300 11,739 11,294
Diluted earnings (loss) per share (1) [1] $ 1.52 $ (94.01) $ 33.56 $ (105.64)
Weighted average shares outstanding used in computing diluted earnings (loss) per share 16,095 11,300 14,534 11,294
Total product licenses and subscription services        
Revenues:        
Total revenues $ 35,400 $ 34,146 $ 71,622 $ 63,504
Cost of revenues:        
Total cost of revenues 7,660 5,929 16,050 11,816
Product licenses        
Revenues:        
Total revenues 15,522 20,129 32,934 36,642
Cost of revenues:        
Total cost of revenues 444 431 978 908
Subscription services        
Revenues:        
Total revenues 19,878 14,017 38,688 26,862
Cost of revenues:        
Total cost of revenues 7,216 5,498 15,072 10,908
Product support        
Revenues:        
Total revenues 66,081 66,521 131,562 133,672
Cost of revenues:        
Total cost of revenues 5,816 5,127 11,584 10,318
Other services        
Revenues:        
Total revenues 18,919 21,406 39,131 44,174
Cost of revenues:        
Total cost of revenues $ 13,645 $ 14,148 $ 27,428 $ 28,747
[1] Basic and fully diluted earnings (loss) per share for class A and class B common stock are the same.