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 income (loss) and comprehensive income (loss) $ 27,019 $ (9,406)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Stock-based compensation 10,947 7,869
(Gain) loss in fair value of warrant liability (9,905) 18,680
Amortization of debt discount and issuance costs 223 231
Depreciation and amortization 3,477 4,119
Provision for expected credit losses 54 (287)
Deferred income taxes 0 (107)
Non-cash lease expense 636 316
Changes in operating assets and liabilities:    
Accounts receivable (3,690) (1,540)
Prepaid expenses and deferred charges (3,599) (2,544)
Other current assets 1,221 1,648
Other assets (107) (37)
Accounts payable (1,229) (398)
Accrued expenses and other current liabilities (1,291) 2,390
Deferred revenue 878 (111)
Lease liability (841) (385)
Other liabilities 0 11
Net cash provided by operating activities 23,793 20,449
Investing activities    
Purchase of property and equipment (124) (195)
Additions to capitalized software development costs (504) (953)
Net cash used in investing activities (628) (1,148)
Financing activities    
Proceeds from the exercise of stock options 619 916
Repurchases of common stock under the stock repurchase program (131,984) 0
Withholding taxes paid on stock-based compensation (5,400) (1,312)
Proceeds from the exercise of warrants 314,124 0
Payment for the redemption of warrants (58) 0
Principal payments on debt (3,750) (25,750)
Net cash provided by (used in) financing activities 173,551 (26,146)
Net increase (decrease) in cash, cash equivalents and restricted cash 196,716 (6,845)
Cash, cash equivalents and restricted cash, beginning of the period 59,757 28,998
Cash, cash equivalents and restricted cash, end of the period 256,473 22,153
Reconciliation of cash, cash equivalents and restricted cash    
Cash and cash equivalents 255,868 21,548
Restricted cash 605 605
Cash, cash equivalents and restricted cash 256,473 22,153
Supplemental disclosure of cash flow information:    
Cash interest paid 1,858 2,672
Income taxes paid 0 4
Supplemental disclosure of non-cash investing activities:    
Capitalized software development costs accrued but not paid 347 522
Supplemental disclosure of non-cash financing activities:    
Repurchase of common stock for net settlement of equity awards 89 182
Issuance of common stock for the settlement of KPI Awards 3,609 2,350
Issuance of common stock for the settlement of certain market condition liability-classified awards 4,173 0
Issuance of common stock for the cashless exercise of warrants 63,029 0
Issuance of common stock for the exercise of warrants 179,186 0
Repurchase of common stock committed but not settled $ 9,155 $ 0