v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (125,672) $ (919,560)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Goodwill impairment 59,138 790,000
Amortization of intangible assets 172,968 189,919
Depreciation of property and equipment 7,902 4,537
Amortization of right-of-use assets 4,190 4,902
Provision for allowances for doubtful accounts 377 810
Stock-based compensation 47,507 84,432
Deferred income taxes (34,072) 1,368
Other, net 2,049 2,695
Changes in operating assets and liabilities:    
Accounts receivable (8,497) (2,971)
Prepaid expenses and other current assets (16,434) (13,017)
Inventory 861 (6,032)
Other assets 7,616 676
Accounts payable 19,278 12,614
Accrued expenses and other current liabilities (5,149) 154
Accrued compensation (9,545) (45,802)
Deferred revenue (6,084) (1,638)
Operating lease liabilities (5,170) (5,424)
Other liabilities (3,912) (60)
Net cash provided by operating activities 107,351 97,603
Cash flows from investing activities:    
Capital expenditures (3,994) (3,061)
Capitalized software development costs (57,824) (60,199)
Proceeds from the sale of investment 740 0
Acquisition accounted for as a business combination, net of cash acquired (65,302) 0
Asset acquisition resulting in net intangible assets (29,569) 0
Payments for investments (27,075) 0
Other, net 60 0
Net cash used in investing activities (182,964) (63,260)
Cash flows from financing activities:    
Proceeds from the exercise of stock options 81 2,677
Proceeds from employee stock purchase plan 1,384 2,798
Repayment of convertible senior notes (550,629) 0
Other, net 0 81
Net cash (used in) provided by financing activities (549,164) 5,556
Net (decrease) increase in cash and cash equivalents (624,777) 39,899
Effect of foreign currency exchange rate changes 6,071 (1,191)
Cash and cash equivalents at beginning of the period 1,298,327 1,123,675
Cash and cash equivalents at end of the period 679,621 1,162,383
Cash paid for income taxes, net 5,661 4,613
Interest paid 8,661 8,662
Supplemental disclosure of non-cash investing activities    
Accruals related to Property and equipment, net and Intangible assets, net $ 5,681 $ 3,099