v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income (loss) $ 9,038 $ (14,089)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 6,336 4,781
Non-cash operating lease costs 6,997 5,775
Amortization of deferred contract acquisition costs 9,631 6,608
Amortization of prepaid marketing expense 13,224 13,224
Gain on derecognition of asset retirement obligation 0 (588)
Loss on disposal of property and equipment 128 419
Bad debt expense 636 1,817
Stock-based compensation expense 41,803 38,327
Changes in operating assets and liabilities:    
Accounts receivable (12,224) (12,630)
Deferred contract acquisition costs (21,045) (11,001)
Prepaid expenses, prepaid taxes, and other assets (5,829) (5,907)
Accounts payable (4,340) 684
Accrued expenses (12,832) (18,815)
Deferred revenue 8,248 11,690
Operating lease liabilities (5,546) (5,392)
Other non-current liabilities 54 (541)
Net cash provided by operating activities 34,279 14,362
Investing activities    
Acquisition of property and equipment (11,666) (2,685)
Capitalization of software development costs (3,565) (5,056)
Purchase of other non-current assets (485) 0
Net cash used in investing activities (15,716) (7,741)
Financing activities    
Proceeds from exercise of common stock options 715 877
Proceeds from exercise of warrants 3 3
Employee taxes paid related to net share settlement of stock-based awards (2,800) (4,379)
Payments for accelerated share repurchase (100,000) 0
Proceeds from employee stock purchase plan 3,234 3,462
Net cash used in financing activities (98,848) (37)
Net (decrease) increase in cash, cash equivalents, and restricted cash (80,285) 6,584
Cash, cash equivalents, and restricted cash, beginning of period 1,065,613 882,587
Cash, cash equivalents, and restricted cash, end of period 985,328 889,171
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 2,679 73
Non-cash investing and financing activities    
Recognition of prepaid marketing asset 8,100 8,100
Capitalization of stock-based compensation expense related to internal use software 853 1,107
Non-cash acquisition of property and equipment through tenant incentives 0 969
Accrued excise tax on share repurchases 813 0
Unpaid purchases of property and equipment $ 6,387 $ 484