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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 576 $ (7,077)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 14,490 12,183
Reduction in the carrying amount of right-of-use assets 5,084 3,323
Amortization of deferred contract acquisition costs 20,362 16,269
Accretion of discount on marketable investments (3,313) (4,935)
Provision for credit losses 423 352
Stock-based compensation 39,245 44,684
Amortization of discount and issuance costs on convertible senior notes 1,407 1,074
Gain on early extinguishment of debt 0 (6,615)
Impairment charge of long-lived assets 322 0
Interest on finance lease obligations 266 66
Deferred taxes 192 248
Other (163) (352)
Changes in operating assets and liabilities:    
Accounts receivable (3,866) (6,085)
Prepaid expenses and other current assets 3,008 (1,003)
Deferred contract acquisition costs (25,429) (33,565)
Other assets 843 (781)
Accounts payable 2,731 1,279
Accrued and other current liabilities (3,208) 15,832
Deferred revenue (4,561) (1,452)
Other liabilities (25) (1,092)
Net cash provided by operating activities 48,384 32,353
Cash flows from investing activities:    
Purchases of marketable investments (275,939) (524,865)
Proceeds from sales of marketable investments 0 12,517
Proceeds from maturities of marketable investments 251,292 260,619
Purchases of property and equipment (4,724) (11,951)
Capitalization of software development costs (8,732) (3,242)
Net cash used in investing activities (38,103) (266,823)
Cash flows from financing activities:    
Proceeds from issuance of 2029 convertible senior notes 0 731,055
Payment of debt issuance costs 0 (2,182)
Payments for capped call transactions associated with the 2029 convertible senior notes 0 (93,438)
Repurchase of a portion of 2025 convertible senior notes, net of costs 0 (304,485)
Cash received from partial termination of capped calls associated with the 2025 convertible senior notes 0 539
Proceeds from exercise of common stock options 0 386
Proceeds from sale of common stock under ESPP 3 0
Payment of finance lease liabilities (2,166) (479)
Net cash (used in) provided by financing activities (2,163) 331,396
Net increase in cash, cash equivalents and restricted cash 8,118 96,926
Cash, cash equivalents and restricted cash:    
Beginning of period 364,185 144,842
End of period 372,303 241,768
Supplemental disclosures of cash flow data:    
Cash paid for interest 4,026 458
Cash paid for income taxes 0 12
Non-cash investing and financing activities:    
Property and equipment unpaid at period-end 9,330 9,335
Acquisition and related transaction costs accrued at period-end 0 0
Stock-based compensation included in capitalized software development costs 2,409 1,303
Aceyus, Inc.    
Cash flows from investing activities:    
Cash paid to acquire $ 0 $ 99