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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Cash flows from operating activities:      
Net loss $ (81,764) $ (94,650) $ (53,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 48,515 44,671 38,732
Amortization of operating lease right-of-use assets 12,642 10,377 8,698
Amortization of deferred contract acquisition costs 55,384 41,034 26,050
(Accretion of discount) amortization of premium on marketable investments (11,351) (90) 6,385
Provision for credit losses 989 1,105 808
Stock-based compensation 206,292 172,507 108,805
Amortization of discount and issuance costs on convertible senior notes 3,749 3,743 3,957
Deferred taxes 53 3,088 (6,907)
Change in fair value of contingent consideration 0 260 5,640
Payment of contingent consideration liability in excess of acquisition-date fair value 0 (5,900) 0
Other 807 188 396
Changes in operating assets and liabilities:      
Accounts receivable (9,844) (4,899) (35,986)
Prepaid expenses and other current assets (3,532) 661 (14,193)
Deferred contract acquisition costs (91,544) (85,197) (71,380)
Other assets (3,988) (319) (1,216)
Accounts payable 2,932 845 4,305
Accrued and other current liabilities (9,274) (7,878) 20,045
Deferred revenue 4,958 13,176 10,462
Other long-term liabilities (including non-current portions of operating and finance lease liabilities) 3,814 (3,857) (22,603)
Net cash provided by operating activities 128,838 88,865 28,998
Cash flows from investing activities:      
Purchases of marketable investments (795,002) (435,768) (680,490)
Proceeds from sales of marketable investments 1,211 600 44,288
Proceeds from maturities of marketable investments 655,588 524,568 527,940
Purchases of property and equipment (31,234) (52,272) (42,216)
Capitalization of internal-use software development costs (9,537) (3,899) 0
Payments of initial direct costs 0 (266) 0
Cash paid for an equity investment in a privately-held company 0 (2,000) 0
Cash paid to acquire Aceyus, Inc. (80,588) 0 0
Net cash (used in) provided by investing activities (259,562) 30,963 (150,478)
Cash flows from financing activities:      
Repurchase of a portion of 2023 convertible senior notes, net of costs 0 (34,067) (24,688)
Repayment of outstanding 2023 convertible senior notes at maturity (169) 0 0
Cash received from the settlement at maturity of the outstanding capped calls associated with the 2023 convertible senior notes 74,453 0 0
Proceeds from exercise of common stock options 9,127 8,522 7,402
Proceeds from sale of common stock under ESPP 15,927 13,413 15,397
Payment of employee taxes related to vested RSUs (3,270) 0 0
Payment of contingent consideration liability up to acquisition-date fair value 0 (18,100) 0
Payment of holdbacks related to acquisitions (500) 0 (5,000)
Payments of finance leases (989) 0 (612)
Net cash provided by (used in) financing activities 94,579 (30,232) (7,501)
Net (decrease) increase in cash and cash equivalents (36,145) 89,596 (128,981)
Cash and cash equivalents:      
Beginning of year 180,987 91,391 220,372
End of year 144,842 180,987 91,391
Supplemental disclosures of cash flow data:      
Cash paid for interest 3,897 3,744 4,073
Cash paid for income taxes 1,589 1,033 31
Non-cash investing and financing activities:      
Equipment purchased and unpaid at period-end 11,243 12,332 13,871
Capitalization of leasehold improvement through non-cash lease incentive 0 109 5,121
Stock-based compensation included in capitalized software development costs 4,085 1,711 0
Reconciliation of Cash, Cash Equivalents and Restricted Cash to the Consolidated Balance Sheets - Beginning of Period and End of Period:      
Cash and cash equivalents 143,201 180,520 90,878
Restricted cash in other assets 1,641 467 513
Total cash, cash equivalents and restricted cash $ 144,842 $ 180,987 $ 91,391