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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 3,633,000 $ 4,732,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,690,000 12,351,000
Stock-based compensation 18,410,000 15,306,000
Provision for doubtful accounts 23,000 876,000
Loss on disposal of assets 3,000 21,000
Noncash lease expense 3,062,000 2,983,000
Changes in operating assets and liabilities:    
Accounts receivable 4,127,000 (19,050,000)
Prepaid expenses and other assets 1,163,000 (3,705,000)
Accounts payable (10,476,000) 18,750,000
Accrued liabilities (8,768,000) 5,757,000
Accrued compensation (476,000) (705,000)
Deferred revenue 30,000 29,000
Operating lease liabilities (3,386,000) (3,199,000)
Other liabilities (1,504,000) 1,130,000
Net cash provided by operating activities 19,531,000 35,276,000
Cash flows from investing activities:    
Purchases of property and equipment (825,000) (2,280,000)
Capitalized software development costs (12,564,000) (11,141,000)
Cash paid for acquisitions (549,000) 0
Cash paid for investments (3,500,000) 0
Net cash used in investing activities (17,438,000) (13,421,000)
Cash flows from financing activities:    
Repurchase of stock related to tax withholdings on vested equity awards (3,232,000) (8,484,000)
Repurchase of stock related to the stock repurchase program (38,090,000) (11,468,000)
Payment of member tax distributions (6,617,000) (5,306,000)
Proceeds from the exercise of stock options 2,084,000 1,903,000
Payment of offering costs 0 (326,000)
Net cash used in financing activities (45,855,000) (23,681,000)
Net decrease in cash and cash equivalents (43,762,000) (1,826,000)
Cash and cash equivalents at beginning of period 205,048,000 216,458,000
Cash and cash equivalents at end of period 161,286,000 214,632,000
Supplemental disclosure of cash flow information:    
Cash paid for interest 211,000 211,000
Supplemental disclosure of non-cash investing and financing activities:    
Stock-based compensation included in capitalized software development costs 2,588,000 1,741,000
Operating lease assets obtained in exchange for operating lease liabilities including adjustments 6,000 4,630,000
Capitalized assets financed by accounts payable and accrued liabilities $ 1,469,000 $ 1,157,000