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 $ (75,271) $ (347,152)
Adjustments to reconcile net loss to net cash provided by operating activities    
Impairment charge 169,256 408,486
Depreciation and amortization expense 8,309 16,216
Changes in fair value of interest rate swaps (674) 3,870
Amortization of debt discount and issuance costs 2,521 1,016
Loss on extinguishment of debt 1,485 0
Non-cash lease expense 1,909 1,624
Deferred income tax 3,567 1,884
Stock-based compensation expense 20,337 9,987
Net foreign exchange difference (6,093) 25,635
Other, net (56) 853
Changes in assets and liabilities:    
Accounts receivable 11,128 (1,654)
Other current assets 2,241 (123)
Accounts payable (6,772) 2,173
Deferred revenue (1,545) (1,971)
Lease liabilities (2,217) (1,911)
Accrued expenses and other current liabilities 2,291 (8,222)
Other, net 436 3,770
Net cash provided by operating activities 130,852 114,481
Cash flows from investing activities:    
Capital expenditures (5,935) (5,920)
Net cash used in investing activities (5,935) (5,920)
Cash flows from financing activities:    
Proceeds from term loan, net 456,000 0
Repayment of term loan (590,563) (2,875)
Payment of debt issuance costs (7,019) 0
Distributions paid to noncontrolling interest holders (9) (5,194)
Share repurchases 0 (28,682)
Withholding tax paid on behalf of employees on stock-based awards (4,939) (5,736)
Payments on tax receivable agreement 0 (8,917)
Net cash used in financing activities (146,530) (51,404)
Effects of exchange rate changes on cash and cash equivalents (295) 1,474
Net increase (decrease) in cash and cash equivalents and restricted cash (21,908) 58,631
Cash and cash equivalents and restricted cash, beginning of the period 179,254 207,062
Cash and cash equivalents and restricted cash, end of the period 157,346 265,693
Less restricted cash (3,388) (3,642)
Less cash classified within current assets held for sale 0 (312)
Cash and cash equivalents $ 153,958 $ 261,739