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 $ 2,779 $ 4,378
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,422 2,862
Amortization of costs capitalized to obtain contracts 360 283
Amortization of operating lease right-of-use asset 90 84
Stock-based compensation expense, net of amounts capitalized 16,255 9,889
Non-cash interest expense, net 715 0
Loss on change in fair value of investment 3,850 0
Non-cash revenue from long-term investments (269) (367)
Deferred income taxes (11,944) 0
Provision for credit losses 112 339
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable, net 16,650 5,648
Prepaid expenses and other assets 448 (4,238)
Inventory (5,275) (1,514)
Costs capitalized to obtain contracts, net (302) (314)
Accounts payable (5,857) (139)
Accrued expenses and other current liabilities (7,258) (6,526)
Deferred revenue 1,433 1,771
Other liabilities, noncurrent 0 (96)
Net cash provided by operating activities 17,209 12,060
Cash Flows from Investing Activities:    
Cash paid for acquisitions, net of cash acquired (55,590) (2,825)
Internally developed software (1,592) (1,398)
Purchase of property and equipment 0 (124)
Purchase of short-term investments (106,407) 0
Net cash used in investing activities (163,589) (4,347)
Cash Flows from Financing Activities:    
Indemnity escrow payment in connection with the acquisition of Fantix, Inc. (675) 0
Proceeds from monetization of tariff refund claims 2,256 0
Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants 12,161 12,770
Taxes paid related to net settlement of equity awards (10,329) (10,587)
Net cash provided by financing activities 3,413 2,183
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (142,967) 9,896
Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period 495,828 160,459
Cash, Cash Equivalents, and Restricted Cash at the End of the Period 352,861 170,355
Supplemental disclosure:    
Refunds received during the period for income taxes, net (631) 0
Cash payments included in the measurement of operating lease liabilities 100 97
Non-cash investing and financing activities:    
Fair value of stock issued in connection with acquisitions 28,035 1,000
Liability incurred in connection with acquisitions 16,315 675
Property and equipment included within accrued expenses and other current liabilities 55 901
Stock-based compensation included in internally developed software 519 284
Cash, cash equivalents and restricted cash    
Cash and cash equivalents 351,191 168,852
Restricted cash, noncurrent 1,670 1,503
Total cash and cash equivalents, and restricted cash $ 352,861 $ 170,355