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 loss $ (13,539) $ (37,314)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 685 1,058
Stock-based compensation 29,635 34,198
Accretion of investments (440) (1,378)
Other 91 (175)
Changes in operating assets and liabilities:    
Accounts receivable, net (3,615) 4,236
Prepaid expenses and other assets (426) 1,008
Operating lease right-of-use assets 1,536 1,404
Accounts payable (277) 3,892
Operating lease liabilities (4,555) (4,093)
Accrued expenses and other liabilities 505 478
Net cash provided by operating activities 9,600 3,314
Cash flows from investing activities    
Purchases of property and equipment (243) (337)
Purchases of marketable securities (122,088) (155,010)
Sales of marketable securities 69,455 88,484
Maturities of marketable securities 78,438 98,516
Net cash provided by investing activities 25,562 31,653
Cash flows from financing activities    
Proceeds from issuance of common stock upon exercise of stock options 1,588 1,759
Proceeds from issuance of common stock under employee stock purchase plan 418 713
Tax withholdings on restricted stock units (8,470) (9,175)
Repurchase of common stock (28,659) (14,528)
Net cash used in financing activities (35,123) (21,231)
Effect of exchange rate changes on cash and cash equivalents (52) (28)
Net increase (decrease) in cash, cash equivalents, and restricted cash (13) 13,708
Cash, cash equivalents, and restricted cash at beginning of period 71,720 56,721
Cash, cash equivalents, and restricted cash at end of period 71,707 70,429
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets    
Cash and cash equivalents 63,551 62,050
Restricted cash, non-current 8,156 8,379
Total cash, cash equivalents, and restricted cash $ 71,707 $ 70,429