v3.25.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 5,127 $ 4,744
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10,406 7,670
Amortization of right-of-use assets 618 687
Amortization of debt issuance costs 56 57
Stock-based compensation 29,756 14,856
Deferred income taxes 1,996 1,263
Change in fair value of other equity security (302) 0
Unrealized foreign exchange loss 76 346
Gain on sale of assets held for sale (14,337) 0
Loss on disposal of property and equipment 99 0
Changes in operating assets and liabilities:    
Accounts receivable (9,148) (3,989)
Prepaid expenses and other current assets (2,238) (2,758)
Other assets 204 44
Accounts payable 5,329 1,428
Accrued expenses and other liabilities (3,247) (9,086)
Operating lease liabilities (536) (606)
Income tax payable 6 (55)
Deferred revenue 26,838 19,593
Net cash provided by operating activities 50,703 34,194
Cash flows from investing activities    
Acquisition, net of cash acquired (48,123) 0
Proceeds from disposal of assets held for sale 37,051 0
Purchase of property and equipment (9,378) (9,477)
Net cash used in investing activities (20,450) (9,477)
Cash flows from financing activities    
Repayment of capital lease obligations (2) (6)
Repurchase of common stock 0 (12,783)
Shares surrendered for settlement of minimum statutory tax withholding (5,942) (9,564)
Proceeds from issuance of stock under employee stock plans 43,548 82
Net cash provided by (used in) financing activities 37,604 (22,271)
Effect of exchange rate changes on cash and cash equivalents 52 (36)
Net increase in cash and cash equivalents 67,909 2,410
Cash and cash equivalents, at beginning of the period 142,064 225,719
Cash and cash equivalents, at end of the period 209,973 228,129
Non-cash operating, investing, and financing activities:    
Acquisition-related deferred consideration  13,058 0
Issuance of common stock for business acquired 20,048 0
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities 855 3,004
Capitalized stock-based compensation 1,340 1,417
Right-of-use assets obtained in exchange of operating lease liabilities (excluding right-of-use assets acquired as part of business acquisition) $ 3,764 $ 0