v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net (loss) income $ 23,030 $ (23,256)
Net loss from discontinued operations (195,971) (33,807)
Net income from continuing operations 219,001 10,551
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Stock-based compensation expense 104,147 109,099
Depreciation and amortization expense 30,544 31,787
Provision for expected credit losses 2,650 4,908
Deferred provision (benefit) for income taxes 18,447 (1,018)
Asset impairment charge 0 101,703
Other non-cash (income) expense, net (8,604) 33,184
Changes in operating assets and liabilities (net of impact of sale of business):    
Current assets 13,746 44,509
Non-current assets (3,239) 2,255
Current liabilities (110,473) (172,172)
Non-current liabilities 2,222 4,006
Net cash provided by operating activities of continuing operations 268,441 168,812
Net cash used in operating activities of discontinued operations (147,144) (11,492)
Net cash provided by operating activities 121,297 157,320
Cash flows from investing activities    
Purchases of property and equipment (2,718) (10,101)
Website and app development (14,915) (18,318)
Purchases of investments (179,142) (197,570)
Sales and maturities of investments 156,256 184,207
Proceeds from sale of business, net of cash sold 0 100,485
Net cash (used in) provided by investing activities of continuing operations (40,519) 58,703
Net cash used in investing activities of discontinued operations (6,529) (3,157)
Net cash (used in) provided by investing activities (47,048) 55,546
Cash flows from financing activities    
Payment of tax obligations on vested equity awards (40,687) (28,959)
Repurchase of stock (394,925) (523,852)
Proceeds from exercise of stock options 10,249 5,654
Proceeds from issuance of convertible senior notes 0 700,000
Payment of debt issuance costs 0 (10,500)
Payments on finance lease obligations (3,192) (3,045)
Other financing, net (753) (17,226)
Net cash (used in) provided by financing activities (429,308) 122,072
Effect of exchange rate changes on cash (10,063) 37,241
Net (decrease) increase in cash and cash equivalents (365,122) 372,179
Cash, cash equivalents, and restricted cash at beginning of period 1,404,360 811,178
Cash, cash equivalents, and restricted cash at end of period 1,039,238 1,183,357
Supplemental cash flow disclosures:    
Cash paid for income taxes, net of refunds 22,804 41,883
Supplemental non-cash disclosures from continuing operations:    
Stock-based compensation capitalized in website and app development 7,095 10,420
Lease assets obtained in exchange for new lease liabilities $ 3,494 $ 0