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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Revenues $ 394,565 $ 316,019
Operating expenses    
Cost of revenue [1] 213,378 191,107
Research and development 38,908 34,993
Selling and marketing 32,186 26,750
General and administrative 27,592 26,000
Depreciation and amortization 23,985 27,609
Total operating expenses 336,049 306,459
Operating income 58,516 9,560
Other income (expense)    
Interest expense (14,683) (19,010)
Interest income 4,064 4,009
Other, net 23,740 (2,025)
Total other income (expense) 13,121 (17,026)
Income (loss) before income taxes 71,637 (7,466)
Income tax expense 12,767 285
Net income (loss) $ 58,870 $ (7,751)
Income (loss) per common share    
Basic (in dollars per share) $ 0.56 $ (0.07)
Diluted (in dollars per share) $ 0.55 $ (0.07)
Weighted average common shares outstanding    
Basic (in shares) 105,350 106,799
Diluted (in shares) 106,827 106,799
Software as a service and platform as a service    
Revenues    
Revenues $ 237,083 $ 215,732
License    
Revenues    
Revenues 84,493 29,973
Maintenance    
Revenues    
Revenues 48,642 47,754
Services    
Revenues    
Revenues $ 24,347 $ 22,560
[1] The cost of revenue excludes charges for depreciation and amortization.