v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 1,130 $ 2,105
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,210 11,665
Amortization of debt issuance costs 1,045 1,019
Stock-based compensation expense 19,890 27,151
Deferred income taxes (1,220) 0
Other 1,489 (1,153)
Changes in assets and liabilities:    
Accounts receivable 31,405 27,668
Deferred contract acquisition and fulfillment costs 2,453 5,295
Prepaid expenses and other assets 1,632 (1,995)
Accounts payable 2,342 (6,555)
Accrued expenses (14,753) (20,325)
Deferred revenue (11,114) (12,874)
Other liabilities (5,692) (2,244)
Net cash provided by operating activities 39,817 29,757
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (23,345) 0
Purchases of property and equipment (2,081) (1,361)
Capitalization of internal-use software (4,319) (3,719)
Purchases of investments 0 (144,461)
Sales and maturities of investments 85,000 69,000
Other investing activities 0 1,328
Net cash provided by (used in) investing activities 55,255 (79,213)
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (255) (1,303)
Proceeds from employee stock purchase plan 2,889 4,446
Proceeds from stock option exercises 0 1,589
Net cash provided by financing activities 2,634 4,732
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,079) 1,334
Net increase (decrease) in cash, cash equivalents and restricted cash 96,627 (43,390)
Cash, cash equivalents and restricted cash, beginning of period 246,664 342,101
Cash, cash equivalents and restricted cash, end of period 343,291 298,711
Supplemental cash flow information:    
Cash paid for interest on convertible senior notes 2,625 1,571
Cash paid for income taxes, net of payments 782 992
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 343,291 291,462
Restricted cash included in prepaid expenses and other current assets 0 7,249
Total cash, cash equivalents and restricted cash $ 343,291 $ 298,711