v3.26.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income (loss) $ (23,374) $ (25,852)
Adjustments to reconcile net loss to net cash used in operating activities:    
Provision for credit losses (446) 894
Depreciation and amortization 15,341 16,844
Operating lease expense 5,123 4,479
Gain on foreign currency, net (6,790) (3,644)
Deferred tax benefit (2,773) (5,005)
Loss on debt and equity securities, net 672 2,376
Change in severance benefit, net 1,847 1,165
(Gain) loss on equity method investments, net (542) 62
Stock-based compensation 19,730 25,498
Other non-cash items 275 (2,336)
Changes in operating assets and liabilities    
Changes in receivables (23,218) (3,088)
Changes in other assets (19,600) (9,545)
Changes in accounts payable (1,828) (5,317)
Changes in accrued expenses (2,204) (16,251)
Changes in contract liabilities 18,571 10,286
Changes in income tax receivable 6,405 (7,717)
Changes in other liabilities 1,238 8,762
Changes in operating lease liabilities (4,678) (3,330)
Payments of severance benefits, net of cash transferred (1,846) (1,232)
Net cash used in operating activities (18,097) (12,951)
Investing activities:    
Proceeds from maturities of short-term investments 9,278 32,257
Proceeds from sale of property and equipment 82 225
Purchases of property and equipment (4,763) (2,297)
Purchases of debt and equity securities (643) (3,790)
Payment made for short-term investments (10,167) (16,619)
Payment made for loan receivable (77) (823)
Purchases of intangible assets (4,027) (4,460)
Acquisition of businesses, net of cash 0 (148)
Other investing activities 0 1,366
Net cash (used in) provided by investing activities (10,317) 5,711
Financing activities:    
Proceeds from issuance of common stock related to private placement, net 32,682 0
Other financing activities 307 229
Net cash provided by financing activities 32,989 229
Effect of exchange rate changes on cash and cash equivalents (3,236) 16,155
Cash and cash equivalents:    
Net increase in cash and cash equivalents 1,339 9,144
Cash and cash equivalents at beginning of the period 581,806 572,402
Cash and cash equivalents at end of the period 583,145 581,546
Supplemental disclosure:    
Income taxes paid 5,978 14,298
Interest paid 0 1
Purchase of property and equipment included in accounts payable 1,792 0
Purchase of intangible assets included in accounts payable 1,162 0
Reclassification of long-term advances to current (5,321) 49,443
Increase in right-of-use assets recognized from new lease agreements 4,882 12,477
Reclassification of construction in progress to property and equipment $ 833 $ 0