v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 99,647 $ 109,362
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,465 3,125
Equity-based compensation 55,880 53,101
Gain on disposal of equipment (162) (21)
Deferred income taxes 24,706 (4,957)
Unrealized foreign currency (gain) loss (652) 1,032
Changes in operating assets and liabilities:    
Accounts receivable, net (5,424) 1,197
Other assets (10,996) (7,416)
Accounts payable, accrued and other liabilities 16,646 (16,478)
Income taxes (15,598) (4,505)
Deferred revenue 7,213 14,870
Net cash provided by operating activities 174,725 149,310
Investing activities:    
Purchase of property and equipment (5,108) (4,871)
Net cash used in investing activities (5,108) (4,871)
Financing activities:    
Repurchase of common stock (306,476) (186,638)
Net cash used in financing activities (306,476) (186,638)
Foreign currency impact on cash (5,778) 6,562
Net change in cash and cash equivalents (142,637) (35,637)
Cash and cash equivalents at beginning of period 328,747 266,230
Cash and cash equivalents at end of period $ 186,110 $ 230,593