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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (36,211) $ (33,192)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 19,055 7,854
Accrued interest on marketable securities, net (667) (928)
Stock-based compensation expense 56,336 43,822
Amortization of discount and debt issuance costs 1,367 161
Loss on impairment of intangible assets 1,655 0
Deferred taxes (11,971) 61
Changes in operating assets and liabilities:    
Accounts receivable (10,457) (6,909)
Prepaid expenses and other assets (5,882) (2,619)
Accounts payable and accrued liabilities 14,424 6,316
Deferred costs (6,538) (5,067)
Deferred revenues 5,189 2,987
Net cash provided by operating activities 26,300 12,486
Cash flows from investing activities:    
Purchase of marketable securities (35,854) (30,721)
Proceeds from sales, maturities and redemptions of marketable securities 24,300 62,812
Purchases of property and equipment (1,156) (1,036)
Capitalized software development costs [1] (5,255) (5,009)
Acquisition of business, net of cash acquired (375,499) 0
Net cash (used in) provided by investing activities (393,464) 26,046
Cash flows from financing activities:    
Payments on revolving loan (35,000) 0
Debt issuance costs paid (1,898) (363)
Proceeds from ESPP issuances 2,943 2,598
Proceeds from issuance of convertible senior notes 335,513 0
Proceeds from borrowing under revolving loan 60,000 0
Purchase of capped call transaction (33,879) 0
Payments for taxes related to net settlement of equity awards 0 (12,820)
Proceeds from stock option exercises 2,442 12,082
Net cash provided by financing activities 330,121 1,497
Net (decrease) increase in cash and cash equivalents (37,043) 40,029
Cash and cash equivalents, beginning of period 94,359 40,927
Cash and cash equivalents, end of period $ 57,316 $ 80,956
[1] See Note 4 for additional information regarding non-cash investing activities for the nine months ended September 30, 2025 and 2024 related to capitalized software development costs.