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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (52,418) $ 117,755
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 805 714
Gain on disposal of fixed asset 0 (14)
Stock-based compensation expense 11,576 17,405
Non-cash lease expense 1,288 1,179
Changes in operating assets and liabilities:    
Accounts receivable 3,567 (13,074)
Prepaid expenses and other current assets 15,175 (557)
Other assets 0 2,056
Accounts payable 215 651
Right-of-use assets and operating lease liabilities (1,159) (907)
Deferred revenue 0 925
Current tax liability 0 6,321
Accrued expenses and other current liabilities (2,999) (906)
Net cash provided by (used in) operating activities (23,950) 131,548
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (228) (1,285)
Net cash used in investing activities (228) (1,285)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of direct expenses associated with the treasury stock repurchase (5,661) 0
Proceeds from exercise of stock options 30 21
Net cash provided by (used in) financing activities (5,631) 21
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (29,809) 130,284
Cash, cash equivalents and restricted cash at beginning of period 288,864 561,380
Cash, cash equivalents and restricted cash at end of period 259,055 691,664
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for taxes 0 1,500
Property and equipment purchases in accounts payable and accrued expenses 0 14
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 257,606 690,215
Restricted cash 1,449 1,449
Total cash, cash equivalents and restricted cash $ 259,055 $ 691,664