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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 13,176 $ (48,558)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Provision for transaction losses 5,442 8,310
Depreciation 3,878 4,025
Amortization of debt issuance costs 1,177 1,481
Amortization of premium (accretion of discount) of purchases of marketable securities, net (6,154) 800
Amortization of operating lease asset 1,611 1,518
Tides Foundation common stock warrant expense 375 375
Stock-based compensation expense 38,337 35,715
Gain on early extinguishment of debt (38,945) 0
Changes in operating assets and liabilities:    
Trade and client receivables (6,957) (10,861)
Prepaid expenses and other assets (1,464) (1,206)
Operating lease liability (2,866) (2,614)
Accounts payable (3,371) 280
Accrued expenses and other liabilities (5,141) (3,465)
Deferred revenue (3,490) 2,278
Net cash used in operating activities (4,392) (11,922)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of marketable securities (254,119) (231,350)
Proceeds from maturities of marketable securities 307,410 191,607
Proceeds from sale of marketable securities 149,859 0
Purchases of property and equipment (135) (602)
Internal-use software and platform development costs (6,072) (2,824)
Net cash provided by (used in) investing activities 196,943 (43,169)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Changes in escrow funds payable 16,197 27,632
Proceeds from exercises of stock options 935 1,044
Proceeds from employee stock purchase plan 2,564 2,462
Net cash paid for early extinguishment of debt (171,327) 0
Net cash provided by (used in) financing activities (151,631) 31,138
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 40,920 (23,953)
Cash, cash equivalents, and restricted cash—beginning of period 295,231 352,058
Cash, cash equivalents, and restricted cash—end of period 336,151 328,105
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 837 785
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES:    
Property and equipment purchased but not yet paid 124 46
Internal-use software and platform development costs incurred but not yet paid $ 93 $ 157