v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 81,748 $ (7,851)
Adjustments to reconcile net income (loss) to net cash flows provided by operating activities:    
Depreciation, amortization and write-offs 36,538 64,828
Share-based compensation expenses 42,018 47,803
Net gain from financing expenses (163) (4,896)
Revaluation of the warrant liability (501) (2,471)
Amortization of loan and credit facility issuance costs 518 874
Loss on extinguishment of debt 0 6,597
Commercial agreement asset amortization 12,245 12,245
Loss from disposal of property and equipment 139 0
Change in operating assets and liabilities:    
Decrease in trade receivables, net [1] 58,434 61,210
Decrease in prepaid expenses and other current assets and long-term prepaid expenses 3,233 856
Decrease in trade payables [2] (60,325) (7,595)
Increase (decrease) in accrued expenses and other current liabilities and other long-term liabilities 4,619 (21,110)
Increase in deferred taxes, net (1,157) (5,480)
Change in operating lease right of use assets 21,030 19,345
Change in operating lease liabilities (22,897) (15,644)
Net cash provided by operating activities 175,479 148,711
Cash flows from investing activities    
Purchase of property and equipment, including capitalized internal-use software (47,488) (32,191)
Net cash paid for acquisitions 470 0
Proceeds from Sale, Maturity and Collection of Short-Term Investments 0 3,980
Net cash used in investing activities (47,958) (28,211)
Cash flows from financing activities    
Issuance costs 0 938
Exercise of options and vested RSUs 10,146 5,296
Payments of tax withholding for share-based compensation 10,434 3,133
Repurchase of ordinary shares and non-voting ordinary shares 94,630 184,599
Payments on account of repurchase of ordinary shares 1,154 1,879
Repayment of long term loan 0 122,736
Proceeds from revolving credit line, net of issuance costs 0 123,985
Additional proceeds from revolving credit line 422,100 228,700
Repayment of revolving credit line 445,900 281,200
Net cash used in financing activities (119,872) (236,504)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation 163 4,896
Increase (decrease) in cash and cash equivalent 7,812 (111,108)
Cash and cash equivalents - at the beginning of the period 120,865 226,583
Cash and cash equivalents - at end of the period 128,677 115,475
Cash paid during the period:    
Income Tax Paid, after Refund Received 18,657 23,409
Interest Paid, Excluding Capitalized Interest, Operating Activity 3,960 4,862
Non cash activities    
Share-based compensation capitalized as part of capitalization of software development costs 3,724 678
Incentive to Lessee 4,807 0
Exercise of options and vested RSUs 1,548 1,130
Exercise of options and vested RSUs 1 0
Funds held by trustee for Ordinary share repurchases 942 0
Creation of Operating Lease Right-of-use Assets And Operating Lease Liability $ 2,543 $ 45,838
[1] (1) Includes an (increase) decrease in related party trade receivables of $(7,113) and $38,736, for the nine months ended September 30, 2026 and 2025, respectively
[2]
(2) Includes a decrease in related party trade payables of $(3,294) and $(866), for the nine months ended September 30, 2026 and 2025, respectively.