v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 76,618,000 $ 79,916,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 21,293,000 0
Stock-based compensation expense 72,857,000 65,610,000
Depreciation and amortization 8,438,000 7,030,000
Accretion on marketable securities, net (642,000) (1,017,000)
Impairment of capitalized software 578,000 0
Changes in assets and liabilities:    
Deferred revenue 8,897,000 58,293,000
Accounts receivable 31,848,000 16,004,000
Deferred cost of revenues (26,000) (13,632,000)
Prepaid expenses and other current assets 7,069,000 (4,536,000)
Accounts payable 6,188,000 593,000
Accrued expenses and other current liabilities 7,159,000 (10,350,000)
Noncurrent assets and liabilities (1,246,000) (1,605,000)
Net cash provided by operating activities 239,031,000 196,306,000
Cash flows from investing activities:    
Purchases of investments (75,438,000) (48,321,000)
Maturities and paydowns of investments 79,584,000 42,470,000
Capitalized software expense and purchases of intangible assets (5,587,000) (4,463,000)
Purchase of property and equipment (7,028,000) (2,507,000)
Net cash used for investing activities (8,469,000) (12,821,000)
Cash flows from financing activities:    
Proceeds from exercise of stock options 2,338,000 6,955,000
Repurchase of common stock (69,603,000) 0
Taxes paid related to net-share settlement of share-based compensation awards (18,799,000) 0
Net cash (used for) provided by financing activities (86,064,000) 6,955,000
Net increase in cash, cash equivalents and restricted cash 144,498,000 190,440,000
Cash, cash equivalents and restricted cash - Beginning of period 1,039,124,000 788,526,000
Cash, cash equivalents and restricted cash - End of period 1,183,622,000 978,966,000
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 768,000 11,720,000
Supplemental disclosure of noncash investing activities:    
Property and equipment included in Current liabilities 2,012,000 827,000
Landlord incentive included in Other assets 6,809,000 6,809,000
Right of use assets obtained in exchange for new operating lease liabilities 1,918,000 36,025,000
Repurchases of common stock included in Current liabilities $ 675,000 $ 0