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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 129,462 $ 125,360 $ 371,777 $ 366,710
Cost of revenues:        
Total cost of revenues 26,661 25,385 81,723 76,266
Gross profit 102,801 99,975 290,054 290,444
Operating expenses:        
Sales and marketing 35,606 35,409 109,372 105,511
Research and development 29,660 30,498 90,372 95,811
General and administrative 29,223 27,283 85,959 82,491
Digital asset impairment losses 33,559 727 76,613 1,088,656
Total operating expenses 128,048 93,917 362,316 1,372,469
(Loss) income from operations (25,247) 6,058 (72,262) (1,082,025)
Interest expense, net (11,006) (14,073) (37,031) (38,299)
Gain on debt extinguishment 0 0 44,686 0
Other income, net 2,419 4,897 726 12,242
Loss before income taxes (33,834) (3,118) (63,881) (1,108,082)
Provision for (benefit from) income taxes 109,607 23,961 (403,876) 112,046
Net (loss) income $ (143,441) $ (27,079) $ 339,995 $ (1,220,128)
Basic (loss) earnings per share (1) [1] $ (10.09) $ (2.39) $ 29.15 $ (107.99)
Weighted average shares outstanding used in computing basic (loss) earnings per share 14,221 11,308 11,665 11,299
Diluted (loss) earnings per share (1) [1] $ (10.09) $ (2.39) $ 23.87 $ (107.99)
Weighted average shares outstanding used in computing diluted (loss) earnings per share 14,221 11,308 14,512 11,299
Total product licenses and subscription services        
Revenues:        
Total revenues $ 45,019 $ 38,700 $ 116,641 $ 102,204
Cost of revenues:        
Total cost of revenues 8,370 6,801 24,420 18,617
Product licenses        
Revenues:        
Total revenues 24,045 22,286 56,979 58,928
Cost of revenues:        
Total cost of revenues 342 406 1,320 1,314
Subscription services        
Revenues:        
Total revenues 20,974 16,414 59,662 43,276
Cost of revenues:        
Total cost of revenues 8,028 6,395 23,100 17,303
Product support        
Revenues:        
Total revenues 66,860 66,010 198,422 199,682
Cost of revenues:        
Total cost of revenues 5,531 5,224 17,115 15,542
Other services        
Revenues:        
Total revenues 17,583 20,650 56,714 64,824
Cost of revenues:        
Total cost of revenues $ 12,760 $ 13,360 $ 40,188 $ 42,107
[1] Basic and fully diluted (loss) earnings per share for class A and class B common stock are the same.