v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (14,089) $ (12,882)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 4,781 3,974
Non-cash operating lease costs 5,775 3,052
Amortization of deferred contract acquisition costs 6,608 3,933
Amortization of prepaid marketing expense 13,224 13,224
Gain on derecognition of asset retirement obligation (588) 0
Loss on disposal of property and equipment 419 32
Bad debt expense (recovery) 1,817 (60)
Stock-based compensation expense 38,327 35,627
Other 0 (21)
Changes in operating assets and liabilities:    
Accounts receivable (12,630) (105)
Deferred contract acquisition costs (11,001) (7,242)
Prepaid expenses, prepaid taxes, and other assets (5,907) (6,838)
Accounts payable 684 (5,061)
Accrued expenses (18,815) (244)
Deferred revenue 11,690 2,419
Operating lease liabilities (5,392) (3,915)
Other non-current liabilities (541) 289
Net cash provided by operating activities 14,362 26,182
Investing activities    
Acquisition of property and equipment (2,685) (1,259)
Capitalization of software development costs (5,056) (1,966)
Net cash used in investing activities (7,741) (3,225)
Financing activities    
Proceeds from exercise of common stock options 877 3,589
Cash paid for finance leases 0 (5)
Proceeds from exercise of warrants 3 4
Employee taxes paid related to net share settlement of stock-based awards (4,379) (11,865)
Proceeds from employee stock purchase plan 3,462 2,540
Net cash used in financing activities (37) (5,737)
Net increase in cash, cash equivalents, and restricted cash 6,584 17,220
Cash, cash equivalents, and restricted cash, beginning of period 882,587 739,657
Cash, cash equivalents, and restricted cash, end of period 889,171 756,877
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 73 89
Non-cash investing and financing activities    
Recognition of prepaid marketing asset 8,100 8,100
Capitalization of stock-based compensation expense 1,107 127
Non-cash acquisition of property and equipment through tenant incentives 969 0
Unpaid purchases of property and equipment $ 484 $ 403