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Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net loss $ (281,938) $ (48,438)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 9,823 6,216
Non-cash operating lease costs 9,649 8,218
Amortization of deferred contract acquisition costs 11,380 7,473
Amortization of prepaid marketing expense 39,672 8,816
Bad debt expense 368 533
Stock-based compensation expense 302,317 6,245
Other 108 28
Changes in operating assets and liabilities:    
Accounts receivable (7,025) (4,912)
Deferred contract acquisition costs (19,030) (14,244)
Prepaid expenses, prepaid taxes, and other assets (5,479) (6,452)
Accounts payable 389 (18,693)
Accrued expenses 18,668 10,158
Deferred revenue 7,757 6,325
Operating lease liabilities (11,482) (5,769)
Other non-current liabilities 5,550 30
Net cash provided by (used in) operating activities 80,727 (44,466)
Investing activities    
Acquisition of property and equipment (823) (14,392)
Capitalization of software development costs (4,612) (1,526)
Net cash used in investing activities (5,435) (15,918)
Financing activities    
Proceeds from exercise of common stock options 4,034 1,363
Cash paid for finance leases (16) (16)
Proceeds from exercise of warrants 57 40
Proceeds from issuance of common stock, net of issuance costs 0 99,558
Proceeds from issuance of common stock in initial public offering, net of issuance costs 321,029 0
Employee taxes paid related to net share settlement of stock-based awards (62,863) 0
Net cash provided by financing activities 262,241 100,945
Net increase in cash, cash equivalents, and restricted cash 337,533 40,561
Cash, cash equivalents, and restricted cash, beginning of period 386,916 327,913
Cash, cash equivalents, and restricted cash, end of period 724,449 368,474
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 192 50
Cash paid for operating lease liabilities, net of tenant incentives received 11,482 5,769
Non-cash investing and financing activities    
Recognition of prepaid marketing asset 134,225 92,570
Vesting of restricted common stock 75 75
Accretion of common stock subject to redemption (399,685) 1,030,207
Unpaid deferred offering costs 1,076 0
Reclassification of redeemable common stock to Series B common stock 1,931,538 0
Capitalization of stock-based compensation expense related to internal use software 1,217 0
Unpaid employee taxes related to net share settlement of stock-based awards 7,312 0
Unpaid purchases of property and equipment $ 0 $ 9,203