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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (40,835) $ (62,913) $ (58,600)
Adjustments to reconcile net loss to net cash provide by (used in) operating activities:      
Depreciation and amortization expense 10,508 10,631 8,075
Accrued interest on marketable securities, net (1,075) (3,231) (369)
Stock-based compensation expense 59,437 51,231 44,592
Amortization of debt issuance costs 210 138 134
Gain from revaluation of contingent consideration 0 0 (15,500)
(Gain) loss on financial instruments 0 (532) 200
Loss on extinguishment of debt 0 409 18
Gain on lease modification 0 (375) 0
Deferred taxes 109 (32) (690)
Changes in operating assets and liabilities:      
Accounts receivable (3,240) (9,253) (4,013)
Prepaid expenses and other assets (3,972) 425 (3,194)
Accounts payable and accrued liabilities 3,322 91 (1,374)
Deferred costs (8,603) (7,720) (7,846)
Deferred revenues 2,736 3,629 522
Net cash provided by (used in) operating activities 18,597 (17,502) (38,045)
Cash flows from investing activities:      
Purchase of marketable securities (40,416) (140,816) (187,217)
Proceeds from sales, maturities, and redemptions of marketable securities 71,312 181,019 99,750
Purchases of property and equipment (1,195) (1,058) (1,057)
Capitalized software development costs [1] (6,660) (5,234) (3,388)
Acquisition of business, net of cash acquired 0 0 (131,839)
Net cash provided by (used in) investing activities 23,041 33,911 (223,751)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 0 0 85,000
Principal payments on debt 0 (85,000) (24,688)
Payment of holdback funds from acquisition 0 (3,600) (1,000)
Payments for taxes related to net settlement of equity awards (12,820) (15,985) (2,665)
Proceeds from stock option exercises 20,241 12,983 2,399
Proceeds from ESPP issuance 4,736 4,124 2,906
Debt issuance costs paid (363) (341) (773)
Net cash provided by (used in) financing activities 11,794 (87,819) 61,179
Net increase (decrease) in cash and cash equivalents and restricted cash 53,432 (71,410) (200,617)
Cash and cash equivalents and restricted cash, beginning of period 40,927 112,337 312,954
Cash and cash equivalents and restricted cash, end of period 94,359 40,927 112,337
Supplemental disclosure of cash flow information:      
Cash paid for interest 283 7,056 3,612
Cash paid for taxes (states) [2] $ 375 $ 332 $ 249
[1] See Note 3 for additional information regarding noncash investing activities for the years ended December 31, 2024, 2023, and 2022 related to capitalized software development costs.
[2] In 2024, material jurisdictions that are equal or greater than 5% of the total cash paid for taxes (in thousands) included Connecticut ($44), Idaho ($50), Minnesota ($35), New York ($31), New York City ($49), Pennsylvania ($34), and Texas ($58).