XML 18 R7.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities        
Net income (loss) $ 13,442 $ (19,400) $ 32,438 $ (40,771)
Adjustments to reconcile net income (loss) to net cash provided by operating activities        
Depreciation and amortization 2,925 2,949 5,441 5,842
Stock-based compensation expense 29,751 28,467 58,358 56,355
Recovery of doubtful accounts (82) (357) (200) (345)
Accretion of premiums and discounts on marketable securities, net (741) (1,390) (1,542) (3,085)
Amortization of debt discount and issuance costs 613 611 1,225 1,221
Gain on lease modification 0 0 (307) 0
Deferred income tax 7 (13) (262) (77)
Changes in assets and liabilities:        
Accounts receivable (9,650) (504) 20,506 30,132
Deferred costs 2,928 (12) 5,806 4,081
Operating lease right-of-use assets 1,200 1,377 2,460 2,706
Other receivables (1,995) (59) 444 935
Prepaid expenses and other 7,202 3,191 1,981 (2,462)
Other assets (144) 1,386 1,089 738
Accounts payable 1,233 (3,755) 3,204 2,896
Deferred revenue 18,086 15,424 (15,169) (3,014)
Operating lease liabilities (989) (1,087) (2,156) (1,918)
Accrued expenses and other liabilities 14,522 23,483 (8,532) (10,281)
Net cash provided by operating activities 78,308 50,311 104,784 42,953
Cash flows from investing activities        
Purchase of property and equipment (332) (995) (1,060) (1,758)
Purchase of marketable securities (123,315) (102,985) (214,816) (205,950)
Maturities of marketable securities 89,370 99,738 203,720 194,352
Acquisitions, net of cash acquired 0 0 (750) 0
Purchase of intangible assets (24) (41) (50) (60)
Net cash used in investing activities (34,301) (4,283) (12,956) (13,416)
Cash flows from financing activities        
Proceeds from option exercises 322 1,803 1,051 2,434
Taxes paid related to net share settlements of stock-based compensation awards (1,984) (569) (10,646) (13,491)
Proceeds from shares issued in connection with employee stock purchase plan 0 0 8,052 7,535
Repurchases of Class A common stock (122,684) (10,002) (172,684) (50,120)
Principal payments on finance lease obligations (152) (139) (302) (277)
Net cash used in financing activities (124,498) (8,907) (174,529) (53,919)
Effect of foreign exchange rates on cash (1,287) 5,108 (3,586) 6,997
Net (decrease) increase in cash, cash equivalents, and restricted cash (81,778) 42,229 (86,287) (17,385)
Cash, cash equivalents, and restricted cash at beginning of period 334,972 242,736 339,481 302,350
Cash, cash equivalents, and restricted cash at end of period 253,194 284,965 253,194 284,965
Supplemental cash flow disclosure        
Cash paid for interest 186 189 5,162 5,168
Cash paid for income taxes, net of refunds 3,839 2,481 5,762 5,510
Noncash investing and financing activities        
Purchases of property and equipment, accrued but not paid 282 0 282 0
Share repurchase excise tax, accrued but not paid 1,061 0 1,061 0
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets        
Cash and cash equivalents at end of period 252,482 284,253 252,482 284,253
Restricted cash included within prepaid expenses and other at end of period 712 712 712 712
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows $ 253,194 $ 284,965 $ 253,194 $ 284,965