v3.25.1
Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (21,600) $ (39,566)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 17,687 13,741
Stock-based compensation 41,987 52,638
Deferred income taxes (235) (20)
Change in fair value of acquisition-related liabilities 3,460 504
Others, net (519) (42)
Change in non-cash working capital (net of acquisitions):    
Account receivable 11,397 9,622
Prepaid expenses 2,219 (1,279)
Other current assets (730) 339
Other non-current assets 15 (414)
Deferred revenue (4,336) 1,026
Accounts payable (11,053) (10,727)
Accrued expenses and other current liabilities (3,728) (1,459)
Other non-current liabilities 235 303
Net cash provided by operating activities 34,799 24,666
Cash flows from investing activities:    
Capital expenditures (2,736) (5,811)
Website and software development costs (4,155) (3,643)
Acquisitions and other investments, net of cash acquired (530) 0
Net cash used for investing activities (7,421) (9,454)
Cash flows from financing activities:    
Cash paid for acquisition-related liabilities (3,667) (2,173)
Proceeds from credit facilities, net of issuance costs 6,250 11,250
Exercise of options 123 434
Repurchase of shares (25,882) (3,444)
Repayments against the credit facilities (6,250) (11,250)
Net cash used for financing activities (29,426) (5,183)
Effect of exchange rate changes on cash and cash equivalents 289 (112)
Net (decrease) / increase in cash and cash equivalents (1,759) 9,917
Cash and cash equivalents, beginning of period 366,157 131,732
Cash and cash equivalents, end of period 364,398 141,649
Supplemental cash flow disclosures including non-cash activities:    
Cash paid for interest, net 1,450 2,720
Cash paid for income taxes, net 376 386
Liability established in connection with acquisitions 3,460 504
Capitalized stock-based compensation as website and software development 651 1,091
Shares issued in connection with acquisitions and other agreements 3,667  
Right-to-use assets established 1,677 883
Operating lease liabilities established 1,677 883
Non-cash consideration for website and software development $ 427 $ 430