v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 876,547 $ 52,247
Less: Net income (loss) from discontinued operations 543,909 (62,900)
Net income from continuing operations 332,638 115,147
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Stock-based compensation expense 149,852 164,224
Depreciation and amortization expense 46,603 45,086
Provision for expected credit losses 4,586 7,100
Deferred provision for income taxes 2,933 21,274
Asset impairment charge 0 101,703
Other non-cash (income) expense, net (12,783) 35,549
Changes in operating assets and liabilities (net of impact of sale of business):    
Current assets 22,841 (1,107)
Non-current assets (3,990) 2,166
Current liabilities (45,582) (99,892)
Non-current liabilities 14,195 3,629
Net cash provided by operating activities of continuing operations 511,293 394,879
Net cash used in operating activities of discontinued operations (230,307) (18,589)
Net cash provided by operating activities 280,986 376,290
Cash flows from investing activities    
Purchases of property and equipment (4,122) (13,891)
Website and app development (19,994) (26,315)
Purchases of investments (255,768) (251,091)
Sales and maturities of investments 219,112 227,563
Proceeds from sale of business, net of cash sold 0 100,485
Net cash (used in) provided by investing activities of continuing operations (60,772) 36,751
Net cash provided by (used in) investing activities of discontinued operations 1,302,813 (5,222)
Net cash provided by investing activities 1,242,041 31,529
Cash flows from financing activities    
Payment of tax obligations on vested equity awards (66,349) (42,526)
Repurchase of stock (789,432) (643,670)
Proceeds from exercise of stock options 14,934 15,331
Proceeds from issuance of convertible senior notes 0 700,000
Payment of debt issuance costs 0 (11,339)
Payments on finance lease obligations (3,192) (4,594)
Other financing, net 250 (17,784)
Net cash used in financing activities (843,789) (4,582)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (9,886) 36,487
Net increase in cash, cash equivalents, and restricted cash 669,352 439,724
Cash, cash equivalents, and restricted cash at beginning of period 1,404,360 811,178
Cash, cash equivalents, and restricted cash at end of period 2,073,712 1,250,902
Supplemental cash flow disclosures:    
Cash paid for income taxes, net of refunds 960 47,442
Supplemental non-cash disclosures from continuing operations:    
Stock-based compensation capitalized in website and app development $ 10,086 $ 15,581