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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (69,406) $ (80,997)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 35,553 33,650
Amortization of operating lease right-of-use assets 9,234 7,491
Amortization of deferred contract acquisition costs 40,088 29,245
(Accretion of discount) amortization of premium on marketable investments (7,684) 1,006
Provision for credit losses 795 812
Stock-based compensation 156,721 128,682
Amortization of discount and issuance costs on convertible senior notes 2,793 2,796
Deferred taxes 438 2,076
Change in fair of value of contingent consideration 0 260
Payment of contingent consideration liability in excess of acquisition-date fair value 0 (5,900)
Other 669 503
Changes in operating assets and liabilities:    
Accounts receivable (6,661) (5,337)
Prepaid expenses and other current assets (6,537) (2,228)
Deferred contract acquisition costs (68,410) (62,835)
Other assets (4,892) (213)
Accounts payable 5,562 1,008
Accrued and other current liabilities (2,006) 796
Accrued federal fees and sales tax liabilities 877 (2,001)
Deferred revenue 1,544 9,519
Other liabilities 3,616 (2,208)
Net cash provided by operating activities 92,294 56,125
Cash flows from investing activities:    
Purchases of marketable investments (544,713) (250,278)
Proceeds from sales of marketable investments 971 600
Proceeds from maturities of marketable investments 415,117 321,311
Purchases of property and equipment (19,941) (46,028)
Capitalization of software development costs (5,820) (2,420)
Cash paid to acquire Aceyus (80,588) 0
Payments of initial direct costs 0 (282)
Cash paid for an equity investment in a privately-held company 0 (2,000)
Net cash (used in) provided by investing activities (234,974) 20,903
Cash flows from financing activities:    
Repayment of outstanding 2023 convertible senior notes at maturity (169) 0
Cash received from the settlement at maturity of the outstanding capped calls associated with the 2023 convertible senior notes 74,453 0
Repurchase of a portion of 2023 convertible senior notes, net of costs 0 (34,057)
Proceeds from exercise of common stock options 8,315 5,358
Proceeds from sale of common stock under ESPP 9,444 8,338
Payment of contingent consideration liability up to acquisition-date fair value 0 (18,100)
Payment of holdback related to an acquisition (500) 0
Payments of finance leases (496) 0
Net cash provided by (used in) financing activities 91,047 (38,461)
Net (decrease) increase in cash, cash equivalents and restricted cash (51,633) 38,567
Cash, cash equivalents and restricted cash:    
Beginning of period 180,987 91,391
End of period 129,354 129,958
Supplemental disclosures of cash flow data:    
Cash paid for interest 1,956 1,870
Cash paid for income taxes 1,124 932
Non-cash investing and financing activities:    
Equipment and software purchased and unpaid at period-end 11,419 13,372
Capitalization of leasehold improvements and furniture and fixtures through non-cash lease incentive 0 109
Acquisition and related transaction costs accrued at period-end 330 0
Stock-based compensation included in capitalized software development costs 2,487 1,011
Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Condensed Consolidated Balance Sheets    
Cash and cash equivalents 127,828 129,492
Restricted cash in other assets 1,526 466
Total cash, cash equivalents and restricted cash $ 129,354 $ 129,958