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 $ (149,524) $ (182,867)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 13,949 10,153
Net accretion of discounts on marketable securities (12,799) (20,267)
Amortization of debt issuance costs 1,902 1,906
Amortization of deferred contract acquisition costs 28,254 26,096
Non-cash operating lease costs 2,164 1,854
Stock-based compensation, net of amounts capitalized 194,572 194,429
Deferred income taxes (17,161) 342
Other 1,561 1,210
Changes in operating assets and liabilities, net of effects of business combinations:    
Accounts receivable (44,907) (28,658)
Deferred contract acquisition costs (25,646) (25,028)
Prepaid expenses and other assets (18,473) 1,774
Accounts payable 4,082 7,055
Accrued expenses and other liabilities (28,679) 3,141
Operating lease liabilities (4,382) (3,929)
Deferred revenue 46,448 (4,575)
Net cash used in operating activities (8,639) (17,364)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capitalization of internal-use software costs (10,997) (10,315)
Purchases of marketable securities (871,228) (899,190)
Sales of marketable securities 6,144 12,744
Maturities of marketable securities 757,937 835,756
Purchases of investments in privately-held companies 0 (1,000)
Purchases of property and equipment (2,348) (1,291)
Net cash used in investing activities (120,492) (63,296)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of common stock upon exercise of vested options 22,668 27,497
Proceeds from issuance of common stock under employee stock purchase plan 14,195 15,603
Net cash provided by financing activities 36,863 43,100
Effect of exchange rate changes on cash and cash equivalents 1,879 (873)
Net decrease in cash and cash equivalents (90,389) (38,433)
Cash and cash equivalents at beginning of period 385,980 349,761
Cash and cash equivalents at end of period 295,591 311,328
Cash paid for:    
Income taxes 6,395 5,142
Non-cash investing and financing activities:    
Stock-based compensation capitalized as internal-use software costs 8,273 10,102
Vesting of early exercised stock options $ 126 $ 617