v3.25.2
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net loss $ (523,388) $ (19,509)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 532 403
Amortization 25,761 10,938
Provision for bad debt 312 357
Operating lease expense 1,337 658
Stock-based compensation 3,959 266
Deferred tax provision (26,436) (8,238)
Impairment of long-lived assets 0 1,864
Impairment of goodwill 459,100 0
Fair Value Adjustment to Debt 1,324 0
Gain on disposal of property, plant and equipment 6 39
Remeasurement of contingent consideration 0 2,064
Net foreign exchange (gain)/loss 2,976 (54)
Other (332) 0
Changes in operating assets and liabilities (net of the impact of acquisitions):    
Accounts receivable 11,455 (3,644)
Prepaid expenses and other current assets (2,400) (615)
Related party receivables (2,177) (61)
Accounts payable (1,722) (1,376)
Income taxes payable 52,969 361
Accrued expenses and other current liabilities (6,313) (2,955)
Accrued compensation expenses (2,277) 0
Operating lease liabilities with right of use (1,672) (748)
Contract liabilities 9,138 9,950
Other assets (liabilities) 287 122
Related party payables 9,796 8,425
Net cash provided by (used in) by operating activities 12,235 (1,753)
Investing activities:    
Purchases of property and equipment, and other capitalized assets (30) (106)
Purchases of intangible assets (4,383) (1,666)
Purchase of investments (291) 0
Sale of short-term investments 76,795 0
Net cash provided by (used in) investing activities 72,091 (1,772)
Financing activities:    
Cash pool arrangements with Parent 0 6,456
Proceeds from related party long term debt 135,000 0
Repayment of convertible notes (417,033) 0
Net transfers to Parent 0 (4,055)
Net cash provided by (used in ) financing activities (282,033) 2,401
Effect of exchange rate changes on cash and cash equivalents 380 (213)
Net decrease in cash and cash equivalents (197,327) (1,337)
Cash and cash equivalents at beginning of year 275,983 10,789
Cash and cash equivalents at end of year 78,656 9,452
Supplemental disclosure of cash flow information:    
Cash paid for taxes, net 32 324
Cash paid for interest on related party long term debt $ 1,716 $ 0