v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (15,600) $ (44,200)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14,500 12,700
Stock-based compensation expense 48,000 57,900
Impairment losses 2,500 0
Other (300) 600
Changes in operating assets and liabilities:    
Accounts receivable, net (7,400) 8,700
Prepaid expenses and other assets 6,200 (1,000)
Accounts payable and accrued expenses 3,500 (3,900)
Accrued compensation and other liabilities (8,900) (900)
Deferred revenue 26,500 18,400
Net cash provided by operating activities 69,000 48,300
Cash flows from investing activities:    
Proceeds from maturities of marketable securities 0 66,000
Capitalized internal-use software costs (8,300) (8,700)
Purchases of content assets (5,900) (4,200)
Purchases of property, equipment, and software (900) (300)
Net cash provided by (used in) investing activities (15,100) 52,800
Cash flows from financing activities:    
Proceeds from exercise of stock options 3,800 5,500
Proceeds from employee stock purchase plan 2,800 3,800
Payments for repurchases of common stock 0 (36,700)
Payments for tax withholding on vesting of restricted stock units (13,100) (21,300)
Net cash used in financing activities (6,500) (48,700)
Net increase in cash, cash equivalents, and restricted cash 47,400 52,400
Cash, cash equivalents, and restricted cash—beginning of period 728,400 658,100
Cash, cash equivalents, and restricted cash—end of period 775,800 710,500
Supplemental disclosure of cash flow information:    
Cash paid for income taxes, net of refunds 1,900 2,000
Supplemental disclosure of noncash investing and financing activities:    
Stock-based compensation capitalized as internal-use software costs 3,700 4,100
Unpaid purchases of content assets $ 3,000 $ 2,600