v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net income (loss) $ 30,618 $ (10,328)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 56,911 55,061
Share-based compensation 54,665 77,881
Amortization of deferred and prepaid sales commission costs 39,436 40,789
Amortization of debt discount and issuance costs 976 1,131
Loss on early extinguishment of debt 1,606 0
Reduction of operating lease right-of-use assets 6,419 6,985
Provision for bad debt 3,739 4,437
Other 4,235 (234)
Changes in assets and liabilities:    
Accounts receivable 20,741 698
Deferred and prepaid sales commission costs (27,574) (25,236)
Prepaid expenses and other assets (5,272) (5,399)
Accounts payable (425) 38,461
Accrued and other liabilities (3,693) (15,997)
Deferred revenue (11,862) (13,189)
Operating lease liabilities (6,474) (5,398)
Net cash provided by operating activities 164,046 149,662
Cash flows from investing activities    
Purchases of property and equipment (6,544) (5,587)
Capitalized internal-use software (16,855) (13,899)
Cash paid for business combination, net of cash acquired (7,929) 0
Net cash used in investing activities (31,328) (19,486)
Cash flows from financing activities    
Payments for taxes related to net share settlement of equity awards (10,760) (1,904)
Payments for repurchases of common stock (81,334) (50,000)
Payment of dividends (6,413) 0
Proceeds from issuance of long-term debt 600,000 0
Payments for the settlement of convertible notes (609,065) (161,326)
Repurchases of principal on senior notes (26,250) 0
Repayments of principal on term loan (11,567) (5,000)
Payments for fees on long-term debt (620) (1,018)
Repayments of financing obligations (633) (633)
Payments for contingent consideration (889) 0
Net cash used in financing activities (147,531) (219,881)
Effect of exchange rate changes (1,173) 1,330
Net decrease in cash, cash equivalents, and restricted cash (15,986) (88,375)
Cash, cash equivalents, and restricted cash    
Beginning of period 132,564 242,811
End of period 116,578 154,436
Supplemental disclosure of cash flow data:    
Cash paid for interest, net of interest rate swap 21,302 22,931
Cash paid for income taxes, net of refunds 1,753 2,304
Non-cash investing and financing activities    
Equipment and capitalized internal-use software purchased and unpaid at period end 5,783 5,061
Indemnity holdback consideration 4,094 0
Contingent consideration $ 1,900 $ 0