v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 6,505 $ (8,671)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 35,114 25,818
Non-cash reduction to the right-of-use asset 1,676 1,620
Amortization of debt discount and issuance costs 591 709
Stock-based compensation 25,597 26,120
Deferred taxes and other (5,008) (2,923)
Net gain on extinguishment of debt (12,446) (1,082)
Changes in operating assets and liabilities:    
Accounts receivable, net of allowance (19,194) (1,763)
Prepaid expenses and other assets (4,280) (1,465)
Accounts payable 8,606 (8,247)
Accrued expenses and other liabilities 2,271 (1,490)
Operating right-of-use liability (1,892) 12
Net cash provided by operating activities 37,540 28,638
Cash flows from investing activities    
Purchase of property, plant and equipment (9,721) (10,938)
Capitalized software development costs (4,662) (5,364)
Purchase of marketable securities (6,419) (10,702)
Proceeds from sales and maturities of marketable securities 10,426 4,731
Proceeds from sale of business 0 206
Net cash used in investing activities (10,376) (22,067)
Cash flows from financing activities    
Borrowings on line of credit 148,700 28,500
Repayments on line of credit (148,700) (28,500)
Proceeds from issuance of convertible senior notes 316,250 0
Net cash paid for debt extinguishment (216,186) (26,144)
Purchase of capped call (21,821) 0
Repurchase of Class A common stock (20,000) 0
Payment of debt issuance costs (12,028) 0
Value of equity awards withheld for tax liabilities and other (5,215) (2,923)
Net cash provided by (used in) financing activities 41,000 (29,067)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,151) 657
Net increase (decrease) in cash, cash equivalents, and restricted cash 67,013 (21,839)
Cash, cash equivalents, and restricted cash, beginning of period 103,160 82,234
Cash, cash equivalents, and restricted cash, end of period 170,173 60,395
Reconciliation of cash, cash equivalents, and restricted cash, end of period    
Cash and cash equivalents 169,902 60,136
Restricted cash included in prepaid expenses and other current assets 271 259
Total cash, cash equivalents, and restricted cash, end of period 170,173 60,395
Supplemental disclosure of cash flow information    
Cash paid for (received from) interest 207 (246)
Cash paid for taxes, net 1,094 782
Right-of-use assets obtained in exchange for new operating lease liabilities 633 1,434
Supplemental disclosure of noncash investing and financing activities    
Purchase of property, plant and equipment, accrued but not paid 4,063 6,180
Purchase of property and equipment through lease incentive $ 0 $ 1,685