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 loss $ (12,614) $ (1,771)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,364 6,205
Amortization of deferred contract costs 17,375 15,620
Stock-based compensation 16,368 17,967
Allowance for credit losses 475 2,101
Net (accretion) amortization of marketable securities 83 (1,287)
Non-cash operating lease expense 1,138 915
Unrealized gain on strategic investments (500) 0
Other 552 350
Changes in operating assets and liabilities:    
Accounts receivable (1,702) (25,057)
Prepaid expenses and other assets (5,094) (4,106)
Deferred contract costs (20,592) (19,495)
Accounts payable, accrued expenses and other liabilities 14,197 (9,975)
Content costs payable (4,961) (3,121)
Operating lease liabilities (1,305) (949)
Deferred revenue 5,656 34,813
Net cash provided by operating activities 15,440 12,210
Cash flows from investing activities:    
Purchases of marketable securities (21,863) (78,644)
Proceeds from maturities of marketable securities 43,550 76,350
Purchases of property and equipment (548) (2,381)
Capitalized software costs (4,058) (2,739)
Purchases of strategic investments (8,000) 0
Net cash provided by (used in) investing activities 9,081 (7,414)
Cash flows from financing activities:    
Net proceeds from exercise of stock options 0 41
Taxes paid related to net share settlement of equity awards (2,802) (5,948)
Repurchases of common stock and excise taxes paid (117) 0
Net cash used in financing activities (2,919) (5,907)
Effect of foreign exchange rates on cash flows 97 36
Net increase (decrease) in cash, cash equivalents and restricted cash 21,699 (1,075)
Cash, cash equivalents and restricted cash—Beginning of period 231,869 191,807
Cash, cash equivalents and restricted cash—End of period 253,568 190,732
Reconciliation of cash, cash equivalents and restricted cash:    
Cash and cash equivalents 252,563 189,617
Restricted cash, current 101 0
Restricted cash, non-current 904 1,115
Total cash, cash equivalents and restricted cash 253,568 190,732
Supplemental disclosures of cash flow information:    
Income taxes paid 1,936 813
Supplemental disclosure of non-cash investing and financing activities:    
Stock-based compensation in capitalized costs 905 1,657
Net change in unrealized gain (loss) on marketable securities (233) (27)
Increase (decrease) in purchases of property and equipment included in liabilities (76) 584
Operating lease right-of-use assets exchanged for operating lease liabilities $ 795 $ 0