XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows used in operating activities:    
Net income (loss) $ (67,845) $ 55,208
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 21,071 15,529
Stock-based compensation 39,168 41,250
Loss on disposal of property and equipment 0 42
Non-cash lease amortization 1,658 1,388
Amortization of capitalized commissions 999 0
Bad debt expenses 3,478 0
Foreign currency gain/loss from remeasurement 529 (871)
Change in fair value of contingent acquisition liabilities (43,089) (144,741)
Change in fair value of derivative 2,630 (2,179)
Deferred income taxes 41 0
Other, net 179 1,997
Changes in operating assets and liabilities:    
Accounts receivable, net 3,835 2,383
Other current assets (3,297) (2,696)
Contract assets (16,942) (6,314)
Other non-current assets 94 (1,846)
Accounts payable (2,984) 4,567
Accrued liabilities 5,341 (6,210)
Contingent acquisition liabilities (1,335) 0
Other current liabilities (529) (2,481)
Operating lease liabilities (1,632) (1,359)
Deferred revenue (3,338) (891)
Other non-current liabilities 1,999 3,542
Net cash used in operating activities (59,969) (43,682)
Cash flows used in investing activities:    
Purchases of property and equipment (822) (354)
Capitalized software development costs (5,404) 0
Payment related to asset acquisition (26,501) 0
Net cash used in investing activities (32,727) (354)
Cash flows provided by (used in) financing activities:    
Proceeds from sales of Class A common stock under the Second Equity Distribution Agreement 48,481 75,565
Proceeds from exercise of stock options and employee stock purchase plan 3,923 2,766
Proceeds from warrants exercised 0 13
Payment of financing costs associated with the Second Equity Distribution Agreement (970) (1,511)
Payment to settle contingent acquisition liabilities (3,538) (198)
Payment to settle deferred holdback liabilities (1,000) 0
Payments on finance leases (197) (29)
Net cash provided by financing activities 46,699 76,606
Effects of exchange rate changes on cash 283 (210)
Net change in cash, cash equivalents, and restricted cash equivalents (45,714) 32,360
Cash, cash equivalents, and restricted cash equivalents, beginning of period 249,166 198,916
Cash, cash equivalents, and restricted cash equivalents, end of period 203,452 231,276
Reconciliation to amounts on the condensed consolidated balance sheets:    
Cash and cash equivalents 202,776 230,340
Non-current portion of restricted cash equivalents 676 936
Total cash, cash equivalents, and restricted cash equivalents shown in the condensed consolidated statements of cash flows 203,452 231,276
Supplemental disclosures of cash flow information:    
Cash paid for interest 28 2
Cash paid for income taxes, net 1,310 1,905
Noncash or Part Noncash Acquisitions [Line Items]    
Right-of-use assets obtained in exchange for lease liabilities 2,886 0
Fair value of deferred cash consideration under other acquisition 1,519 0
Deferred offering costs reclassified to additional paid-in capital 49 79
Stock-based compensation included in capitalized software development costs 1,889 0
Settle Contigent Holdback Consideration Of S Y N Q3 Acquisition Member    
Noncash or Part Noncash Acquisitions [Line Items]    
Issuance of Class A Common Stock to settle contingent acquisition liabilities $ 2,028 $ 3,922