v3.26.1
Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (5,074) $ (34,414)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 46,187 35,090
Stock-based compensation 105,147 88,458
Deferred income taxes (536) (345)
Change in fair value of acquisition-related liabilities 2,759 9,165
Others, net (1,003) 2,761
Changes in operating assets and liabilities (net of acquisitions):    
Account receivable (5,307) (19,067)
Prepaid expenses (45) 1,938
Other current assets 2,441 (723)
Other non-current assets 256 156
Deferred revenue (1,301) (6,543)
Accounts payable (8,550) 2,703
Accrued expenses and other current liabilities (11,488) (3,515)
Other non-current liabilities 248 1,184
Payment of acquisition-related liabilities (4,820)  
Net cash provided by operating activities 118,914 76,848
Cash flows from investing activities:    
Capital expenditures (7,833) (5,085)
Website and software development costs (12,272) (9,953)
Acquisitions and other investments, net of cash acquired (50,811) (1,202)
Net cash used for investing activities (70,916) (16,240)
Cash flows from financing activities:    
Cash paid for acquisition-related liabilities (8,382) (6,333)
Proceeds from credit facilities, net of issuance costs 10,000 6,250
Issuance under employee stock purchase plan 2,456 1,904
Exercise of options 2,908 964
Repurchase of shares (55,629) (57,931)
Repayments against the credit facilities (10,000) (6,250)
Net cash used for financing activities (58,647) (61,396)
Effect of exchange rate changes on cash and cash equivalents 837 (55)
Net decrease in cash and cash equivalents (9,812) (843)
Cash and cash equivalents, beginning of period 319,764 366,157
Cash and cash equivalents, end of period 309,952 365,314
Supplemental cash flow disclosures including non-cash activities:    
Cash paid for interest, net 1,178 1,415
Cash paid for income taxes, net 5,279 1,459
Liability established in connection with acquisitions 9,713 9,165
Capitalized stock-based compensation as website and software development 1,859 1,348
Shares issued in connection with acquisitions and other agreements 77,062 4,333
Right-to-use assets established 6,993 1,792
Operating lease liabilities established 6,991 1,792
Non-cash consideration for website and software development $ 647 $ 774