v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities        
Net income (loss) $ 1,102 $ (8,382) $ 4,831 $ (8,735)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization expense 3,015 3,845 5,901 8,126
Amortization of discount on convertible notes 178 165 352 352
Amortization of premium on convertible notes (433) (408) (860) (810)
Accretion on marketable securities, net (404) 0 (867) 0
Stock-based compensation expense 3,916 7,236 8,006 12,445
Provision for expected credit losses 1,110 1,598 1,724 2,528
Gain on convertible notes extinguishment 0 0 0 (3,931)
Changes in operating assets and liabilities:        
Accounts receivable (3,451) (9,005) (3,463) (5,985)
Prepaid expenses and other assets 2,828 2,159 (111) (2,925)
Deferred commissions 533 747 1,974 2,682
Accounts payable 824 444 (60) 1,122
Accrued and other liabilities (5,044) 8,078 (4,144) (59)
Deferred revenue 918 7,080 10,183 9,148
Net cash provided by operating activities 5,092 13,557 23,466 13,958
Cash flows from investing activities:        
Cash paid for website domain name 0 0 0 (2,444)
Purchase of capitalized internal-use software, leasehold improvements, and property and equipment (5,042) (1,651) (9,327) (2,476)
Maturity of marketable securities 19,000 13,000 43,000 41,579
Purchase of marketable securities (19,658) (32,572) (44,765) (40,517)
Net cash used in investing activities (5,700) (21,223) (11,092) (3,858)
Cash flows from financing activities:        
Proceeds from exercise of stock options 13 1,973 552 3,069
Taxes paid related to net share settlement of equity awards (167) (126) (760) (1,351)
Payment of convertible note issuance costs 0 0 0 (217)
Repayment of convertible notes and financing obligation 0 0 0 (54,528)
Net cash provided by (used in) financing activities (154) 1,847 (208) (53,027)
Net change in cash and cash equivalents and restricted cash (762) (5,819) 12,166 (42,927)
Cash and cash equivalents and restricted cash, beginning of period 59,091 53,248 46,163 90,356
Cash and cash equivalents and restricted cash, end of period 58,329 47,429 58,329 47,429
Noncash investing and financing activities:        
Capital additions, accrued but not paid 624 735 624 735
Right-of-use asset obtained in exchange for new operating lease liability 0 0 0 5,516
Nonrelated Party        
Supplemental cash flow information:        
Cash paid for interest 5 0 5 0
Related Party        
Supplemental cash flow information:        
Cash paid for interest $ 5,625 $ 0 $ 5,625 $ 5,685