v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities        
Net loss $ (19,400) $ (17,548) $ (40,771) $ (29,235)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities        
Depreciation and amortization 2,949 2,564 5,842 5,086
Stock-based compensation expense 28,467 25,402 56,355 48,409
(Recovery of) provision for doubtful accounts (357) 20 (345) (103)
Accretion of premiums and discounts on marketable securities, net (1,390) (3,156) (3,085) (6,905)
Amortization of debt discount and issuance costs 611 609 1,221 1,217
Deferred income tax (13) 4 (77) (291)
Changes in assets and liabilities:        
Accounts receivable (504) (33,267) 30,132 3,680
Deferred costs (12) (11,599) 4,081 (10,194)
Operating lease right-of-use assets 1,377 1,172 2,706 2,598
Other receivables (59) 4,347 935 4,541
Prepaid expenses and other 3,191 4,693 (2,462) 2,420
Other assets 1,386 (565) 738 (1,655)
Accounts payable (3,755) (1,884) 2,896 2,842
Deferred revenue 15,424 13,079 (3,014) (4,447)
Operating lease liabilities (1,087) (966) (1,918) (1,953)
Accrued expenses and other liabilities 23,483 17,081 (10,281) 8,820
Net cash provided by (used in) operating activities 50,311 (14) 42,953 24,830
Cash flows from investing activities        
Purchase of property and equipment (995) (108) (1,758) (311)
Purchase of marketable securities (102,985) (34,986) (205,950) (151,553)
Maturities of marketable securities 99,738 107,100 194,352 236,740
Sale of marketable securities 0 0 0 4,609
Acquisitions, net of cash acquired 0 (98,280) 0 (98,280)
Purchase of intangible assets (41) (41) (60) (72)
Net cash used in investing activities (4,283) (26,315) (13,416) (8,867)
Cash flows from financing activities        
Proceeds from option exercises 1,803 290 2,434 592
Taxes paid related to net share settlements of stock-based compensation awards (569) (1,640) (13,491) (10,251)
Proceeds from shares issued in connection with employee stock purchase plan 0 0 7,535 7,113
Repurchases of Class A common stock (10,002) 0 (50,120) 0
Principal payments on finance lease obligations (139) (132) (277) (261)
Net cash used in financing activities (8,907) (1,482) (53,919) (2,807)
Effect of foreign exchange rates on cash 5,108 (358) 6,997 (1,465)
Net increase (decrease) in cash, cash equivalents, and restricted cash 42,229 (28,169) (17,385) 11,691
Cash, cash equivalents, and restricted cash at beginning of period 242,736 296,581 302,350 256,721
Cash, cash equivalents, and restricted cash at end of period 284,965 268,412 284,965 268,412
Supplemental cash flow disclosure        
Cash paid for interest 189 197 5,168 5,102
Cash paid for income taxes, net of refunds 2,481 2,181 5,510 3,133
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets        
Cash and cash equivalents at end of period 284,253 267,897 284,253 267,897
Restricted cash included within prepaid expenses and other at end of period 712 515 712 515
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows $ 284,965 $ 268,412 $ 284,965 $ 268,412