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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities    
Net loss $ (38,454) $ (35,543)
Adjustments to reconcile net loss to cash provided by operating activities:    
Depreciation and amortization expense 42,207 30,112
Non-cash operating lease costs 14,657 11,863
Amortization of deferred contract acquisition costs 23,132 18,107
Stock-based compensation expense 95,535 69,723
Amortization of debt issuance costs 990 990
Net accretion of discounts and amortization of premiums on available-for-sale securities (6,372) (12,713)
Deferred income taxes (156) (276)
Provision for bad debt 3,274 3,223
Other 507 106
Changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations:    
Accounts receivable, net 27,160 31,862
Contract assets 580 (548)
Deferred contract acquisition costs (25,458) (22,398)
Prepaid expenses and other current assets (27,289) (23,022)
Other noncurrent assets 5,118 760
Accounts payable (842) 3,073
Accrued expenses and other current liabilities 12,219 5,340
Accrued compensation (4,397) (1,502)
Operating lease liabilities (12,678) (14,678)
Deferred revenue 35,789 9,036
Other noncurrent liabilities 262 64
Net cash provided by operating activities 145,784 73,579
Cash Flows from Investing Activities    
Purchases of property and equipment (85,889) (32,056)
Capitalized internal-use software (7,028) (5,916)
Asset acquisitions and business combinations, net of cash acquired (4,856) 0
Purchases of available-for-sale securities (403,672) (298,995)
Maturities of available-for-sale securities 408,769 433,903
Other investing activities 238 14
Net cash provided by (used in) investing activities (92,438) 96,950
Cash Flows from Financing Activities    
Proceeds from the exercise of stock options 11,229 4,422
Payment of tax withholding obligation on RSU settlement (7,707) (4,401)
Net cash provided by financing activities 3,522 21
Net increase in cash, cash equivalents, and restricted cash 56,868 170,550
Cash, cash equivalents, and restricted cash, beginning of period 154,214 91,224
Cash, cash equivalents, and restricted cash, end of period 211,082 261,774
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest 2 8
Cash paid for income taxes, net of refunds 1,030 897
Cash paid for operating lease liabilities 15,474 12,530
Supplemental Disclosure of Non-cash Investing and Financing Activities:    
Stock-based compensation capitalized for software development 2,529 2,439
Accounts payable and accrued expenses related to property and equipment additions 46,032 16,961
Vesting of early exercised stock options 0 31
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 22,209 13,282
Reclassification of the 2025 Capped Calls from equity to derivative asset $ 308,299 $ 0