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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 35,135 $ 26,956
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,590 2,074
Stock-based compensation expense 31,018 24,985
Accretion on marketable securities, net (550) 0
Changes in assets and liabilities:    
Deferred revenue 42,139 30,121
Accounts receivable 14,740 12,554
Deferred cost of revenues (9,402) (6,466)
Prepaid expenses and other current assets (1,772) (3,465)
Accounts payable (3,843) (398)
Accrued expenses and other current liabilities (6,204) (4,514)
Noncurrent assets and liabilities 780 1,667
Net cash provided by operating activities 105,631 83,514
Cash flows from investing activities:    
Purchases of investments (26,606) 0
Maturities of investments 18,676 0
Capitalized software expense and purchases of intangible assets (1,310) (3,607)
Purchase of property and equipment (1,309) (1,414)
Net cash used for investing activities (10,549) (5,021)
Cash flows from financing activities:    
Proceeds from exercise of stock options 3,123 3,610
Net cash provided by financing activities 3,123 3,610
Net increase in cash, cash equivalents and restricted cash 98,205 82,103
Cash, cash equivalents and restricted cash - Beginning of period 788,526 750,345
Cash, cash equivalents and restricted cash - End of period 886,731 832,448
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 87 0
Supplemental disclosure of noncash investing activities:    
Property and equipment included in Current liabilities 162 1,070
Right of use assets obtained in exchange for new operating lease liabilities 0 31,358
Right of use assets disposed of or adjusted for modifying operating leases liabilities $ 0 $ 1,303