v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income (loss) $ (614.4) $ 50.8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 42.5 43.4
Amortization of debt discounts and issuance costs 1.3 1.2
Amortization of deferred commissions costs 48.6 43.4
Asset impairments and lease abandonment charges 8.7 0.0
Gain on lease modification (2.5) 0.0
Goodwill impairment 650.5 0.0
Gain on debt extinguishment 11.0 0.0
Equity-based compensation expense 51.2 59.3
Deferred income taxes 36.9 42.6
Tax receivable agreement remeasurement (5.5) (13.4)
Provision for bad debt expense 11.3 9.9
Realized loss on disposal of property and equipment 1.0 0.0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 30.5 44.2
Prepaid expenses and other current assets 1.2 (10.5)
Deferred costs and other assets, net of current portion (37.1) (37.6)
Accounts payable (12.8) (0.8)
Accrued expenses and other liabilities 14.7 1.2
Unearned revenue (13.1) (5.6)
Net cash provided by operating activities 202.0 228.1
Investing activities:    
Purchases of investments (1.0) (7.0)
Maturities of investments 2.0 0.5
Purchases of property and equipment and other assets (41.7) (36.8)
Right-of-use asset initial direct costs (2.0) 0.0
Net cash used in investing activities (42.7) (43.3)
Financing activities:    
Repayment of debt (50.1) (3.0)
Payments of debt issuance and modification costs (0.1) 0.0
Proceeds from revolving credit loans 0.0 100.0
Taxes paid related to net share settlement of equity awards (1.4) (6.0)
Repurchase of common stock (122.4) (244.3)
Net cash used in financing activities (174.0) (153.3)
Net increase (decrease) in cash, cash equivalents, and restricted cash (14.7) 31.5
Cash, cash equivalents, and restricted cash at beginning of period 185.7 149.0
Cash, cash equivalents, and restricted cash at end of period 171.0 180.5
Cash, cash equivalents, and restricted cash at end of period:    
Cash and cash equivalents 147.6 171.0
Restricted cash, current 13.1 0.0
Restricted cash, non-current 10.3 9.5
Total cash, cash equivalents, and restricted cash 171.0 180.5
Supplemental disclosures of cash flow information:    
Interest paid in cash 30.5 21.8
Supplemental disclosures of non-cash investing activities:    
Property and equipment included in accounts payable and accrued expenses and other current liabilities 5.2 4.4
Equity-based compensation included in capitalized software $ 2.2 $ 2.8