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 income $ 10,443 $ 7,944
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 23,055 22,219
Amortization of debt issuance costs 2,018 2,108
Stock-based compensation expense 54,732 54,811
Deferred income taxes 0 1,840
Other (4,694) (1,352)
Changes in assets and liabilities:    
Accounts receivable 17,492 19,990
Deferred contract acquisition and fulfillment costs 9,800 (1,964)
Prepaid expenses and other assets (5,798) 430
Accounts payable (2,959) (3,021)
Accrued expenses (13,236) (18,391)
Deferred revenue (12,325) (23,346)
Other liabilities (1,229) 2,660
Net cash provided by operating activities 77,299 63,928
Cash flows from investing activities:    
Purchases of property and equipment (2,309) (900)
Capitalization of internal-use software (8,033) (6,289)
Purchases of investments (232,016) (157,967)
Sales and maturities of investments 120,500 130,001
Other investing activities 1,328 360
Net cash used in investing activities (120,530) (34,795)
Cash flows from financing activities:    
Payment of debt issuance costs (1,290) 0
Payments for maturity of convertible senior notes (45,992) 0
Taxes paid related to net share settlement of equity awards (1,898) (3,089)
Proceeds from employee stock purchase plan 4,446 5,046
Proceeds from stock option exercises 1,589 1,404
Issuance of common stock from acquisition 755 0
Net cash (used in) provided by financing activities (42,390) 3,361
Effect of exchange rate changes on cash ,cash equivalents and restricted cash 4,847 (2,076)
Net (decrease) increase in cash, cash equivalents and restricted cash (80,774) 30,418
Cash, cash equivalents and restricted cash, beginning of period 342,101 214,130
Cash, cash equivalents and restricted cash, end of period 261,327 244,548
Supplemental cash flow information:    
Cash paid for interest on convertible senior notes 2,970 3,215
Cash paid for income taxes, net of refund 5,712 5,505
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 261,327 236,975
Restricted cash included in other assets 0 7,573
Total cash, cash equivalents and restricted cash $ 261,327 $ 244,548