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 $ (209,782) $ (77,153)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 17,177 8,260
Stock-based compensation 132,421 43,040
(Gain) loss on change in fair value of warrant liabilities 1,083 (15,266)
Deferred income taxes (15,300) (0)
Amortization of premiums and accretion of discounts on available-for-sale securities (3,540) (4,787)
Other, net 1,502 2,156
Changes in operating assets and liabilities:    
Accounts receivable (3,595) 3,558
Prepaid expenses and other current assets (25,142) (8,341)
Accounts payable 1,094 (165)
Accrued expenses and other current liabilities 20,741 (2,116)
Unearned revenue (4) 1,262
Other assets and liabilities (2,254) 2,508
Net cash provided by (used in) operating activities (85,599) (47,044)
Cash flows from investing activities:    
Purchases of property and equipment (3,501) (10,629)
Capitalized software development costs (1,886) (2,129)
Intangible asset acquisition costs (307) (892)
Purchases of available-for-sale securities (435,130) (146,098)
Maturities of available-for-sale securities 211,180 211,572
Businesses acquired, net of cash paid 28,667 0
Net cash provided by (used in) investing activities (200,977) 51,824
Cash flows from financing activities:    
Proceeds from at-the-market offering, net of issuance costs 358,254 0
Proceeds from stock options exercised 7,564 1,185
Proceeds from public warrants exercised 5,592 0
Tax withholding receipts (payments) related to vested and released RSUs, net 1,447 141
Net cash provided by (used in) financing activities 372,857 1,326
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 391 4
Net change in cash, cash equivalents and restricted cash 86,672 6,110
Cash, cash equivalents and restricted cash at the beginning of the period 56,840 38,081
Cash, cash equivalents and restricted cash at the end of the period 143,512 44,191
Supplemental disclosures of non-cash investing and financing transactions    
Operating lease right-of-use assets subject to lease liability 0 5,962
Noncash reclassification of warrant liabilities to equity upon exercise 13,728 0
Bonus settled in restricted stock units 6,969 11,443
Net share settled stock option exercises 492 1,016
Equity issued for acquisitions 461,831 0
Property and Equipment [Member]    
Supplemental disclosures of non-cash investing and financing transactions    
"Property and equipment" and "Intangible asset" purchases in accounts payable and accrued expenses 465 1,814
Intangible Asset [Member]    
Supplemental disclosures of non-cash investing and financing transactions    
"Property and equipment" and "Intangible asset" purchases in accounts payable and accrued expenses $ 1 $ 234