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 $ 37,859 $ 22,691
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,756 2,139
Stock-based compensation expense 10,813 11,980
Deferred taxes 8,018  
Unrealized foreign currency transaction (gains) losses (37) 110
Litigation accrual settled with sale of assets   7,841
Changes in operating assets and liabilities:    
Accounts receivable (875) 6,386
Prepaid expenses and other current assets 410 (995)
Commissions receivable, current and non-current   1,873
Operating lease right-of-use assets 604 548
Accounts payable (6,580) (1,018)
Accrued expenses and other current liabilities 2,409 (2,288)
Deferred revenue 163 (119)
Operating lease liabilities (618) (545)
Net cash provided by operating activities 53,922 48,603
Cash flows from investing activities:    
Acquisition of property and equipment, including costs capitalized for development of internal-use software (3,102) (2,594)
Net cash used in investing activities (3,102) (2,594)
Cash flows from financing activities:    
Proceeds from exercise of stock options 985 2,335
Repurchase of common stock (29,000)  
Tax withholding payments related to net share settlement (1,867) (2,279)
Net cash provided by (used in) financing activities (29,882) 56
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 7
Net increase in cash, cash equivalents and restricted cash 20,939 46,072
Cash, cash equivalents and restricted cash at beginning of period 171,379 102,116
Cash, cash equivalents and restricted cash at end of period 192,318 148,188
Supplemental disclosure of non-cash investing information:    
Acquisition of property and equipment included in accounts payable $ 141 164
Assets sold in settlement of litigation accrual   $ 8,141