v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities:    
Net income $ 160,991 $ 167,995
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,182 4,785
Equity-based compensation 90,095 80,678
Gain on disposal of equipment (162) (22)
Deferred income taxes 16,871 17,946
Unrealized foreign currency loss 1,909 246
Changes in operating assets and liabilities:    
Accounts receivable, net (54,863) (8,865)
Other assets (13,040) (4,311)
Accounts payable, accrued and other liabilities 16,066 (18,463)
Income taxes 2,059 (9,840)
Deferred revenue 18,206 12,271
Net cash provided by operating activities 243,314 242,420
Investing activities:    
Purchase of property and equipment (6,099) (10,799)
Net cash used in investing activities (6,099) (10,799)
Financing activities:    
Repurchase of common stock (356,929) (238,187)
Net cash used in financing activities (356,929) (238,187)
Foreign currency impact on cash (9,584) 3,891
Net change in cash and cash equivalents (129,298) (2,675)
Cash and cash equivalents at beginning of period 328,747 266,230
Cash and cash equivalents at end of period $ 199,449 $ 263,555