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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net Income (Loss) $ (32,994,000) $ (12,854,000) $ 49,098,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock-based compensation expense 47,646,000 64,398,000 84,235,000
Depreciation and amortization 12,462,000 12,291,000 11,624,000
Provision for bad debts 1,140,000 185,000 2,736,000
Deferred income taxes (1,843,000) (15,531,000) (18,397,000)
Non-cash lease expense 3,070,000 3,969,000 4,212,000
Amortization and accretion of marketable securities (6,936,000) (10,649,000) (11,320,000)
Other 2,566,000 3,645,000 1,548,000
Change in operating assets and liabilities:      
Accounts receivable (3,352,000) 3,686,000 14,438,000
Prepaid expenses and other assets (1,120,000) (132,000) 2,261,000
Deferred commissions 473,000 1,991,000 498,000
Other assets 704,000 767,000 246,000
Accounts payable (1,372,000) (1,383,000) (9,336,000)
Accrued expenses and other liabilities (5,128,000) 2,767,000 (15,884,000)
Accrued interest (2,000) 29,000 0
Deferred revenue (1,088,000) (2,118,000) (6,726,000)
Operating lease liabilities (3,268,000) (5,326,000) (6,041,000)
Net cash provided by operating activities 10,958,000 45,735,000 103,192,000
Cash flows from investing activities      
Purchases of property and equipment (1,078,000) (922,000) (918,000)
Acquisition of business, net of cash acquired 0 (12,040,000) 0
Capitalized internal-use software costs (6,397,000) (8,609,000) (9,744,000)
Purchases of marketable securities (525,114,000) (632,600,000) (421,294,000)
Sales of marketable securities 983,000 0 0
Paydowns, maturities, and redemptions of marketable securities 596,697,000 592,188,000 538,692,000
Net cash provided by (used in) investing activities 65,091,000 (61,983,000) 106,736,000
Cash flows from financing activities      
Repurchase of common stock (102,105,000) (40,346,000) (147,565,000)
Proceeds from exercise of stock options 2,842,000 1,944,000 4,271,000
Payments of tax withholdings on net settlement of equity awards (7,927,000) (13,586,000) (17,352,000)
Proceeds from issuance of stock under employee stock purchase plan 1,665,000 3,625,000 6,381,000
Payment of acquisition-related non-employee investor holdback consideration (928,000) 0 0
Net cash used in financing activities (106,453,000) (48,363,000) (154,265,000)
Net increase (decrease) in cash and cash equivalents (30,404,000) (64,611,000) 55,663,000
Beginning of period 218,432,000 283,043,000 227,380,000
End of period 188,028,000 218,432,000 283,043,000
Supplemental disclosure of cash flow information      
Interest paid 28,227,000 28,149,000 28,121,000
Income taxes paid (subsequent to adoption of ASU 2023-09)      
Federal 0    
State and local [1] 2,643,000    
Foreign [1] 1,418,000    
Total income taxes paid (subsequent to adoption of ASU 2023-09) 4,061,000 18,010,000 25,569,000
Supplemental disclosure of non-cash activities      
Operating lease right-of-use assets obtained in exchange for operating lease liabilities $ 7,148,000 $ 1,248,000 $ 744,000
[1] During the year ended December 31, 2025, jurisdictions comprising greater than 5% of total income taxes paid (net of refunds received) included the United Kingdom at $0.9 million, New York State at $0.9 million, Texas at $0.5 million, Israel at $0.5 million, New Jersey at $0.3 million, and New York City at $0.3 million.