v3.26.3
Condensed Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net (loss) income $ (15,054) $ 4,578
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 9,967 5,853
Impairment of capitalized software development costs 1,406 256
Stock-based compensation expense 40,528 33,462
Common stock warrant expense 6,554 6,554
Credit loss expense 1,044 1,916
Amortization of debt discount and issuance costs 114 114
Deferred income taxes 7,312 2,866
Other 4 14
Changes in assets and liabilities:    
Accounts receivable (13,879) 6,145
Other current and long-term assets 5,552 (4,589)
Accounts payable (638) 1,468
Due to third-party publishers 22,490 4,719
Accrued expenses 4,923 (3,034)
Deferred revenue (487) (274)
User redemption liability (3,898) (4,451)
Other current and long-term liabilities (354) 11,872
Net cash provided by operating activities 65,584 67,469
Investing activities    
Additions to property and equipment (4,400) (12,768)
Additions to capitalized software development costs (13,064) (10,360)
Proceeds from the sale of property and equipment 27 0
Net cash used in investing activities (17,437) (23,128)
Financing activities    
Proceeds from exercise of stock options 4,796 8,312
Debt issuance costs 0 (2)
Purchase of treasury stock (84,676) (178,180)
Taxes paid related to net share settlement of equity awards (6,472) (2,843)
Proceeds from employee stock purchase plan 1,482 2,036
Net cash used in financing activities (84,870) (170,677)
Net change in cash, cash equivalents, and restricted cash (36,723) (126,336)
Cash, and cash equivalents, beginning of period 186,612 349,690
Cash, and cash equivalents, end of period 149,889 223,354
Supplemental Cash Flow Information [Abstract]    
Interest paid 225 171
Income Tax Paid, before Refund Received 590 4,333
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]    
Share repurchases in accounts payable and accrued expenses 1,521 2,527
Stock-based compensation included in capitalized software development costs 1,747 836
Property and equipment in accounts payable and accrued expenses $ 197 $ 5,950