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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Total revenues $ 496,261 $ 499,264 $ 510,762
Cost of revenues:      
Total cost of revenues 109,944 102,989 91,909
Gross profit 386,317 396,275 418,853
Operating expenses:      
Sales and marketing 149,671 146,882 160,141
Research and development 120,530 127,428 117,117
General and administrative 115,312 111,421 95,501
Digital asset impairment losses (gains on sale), net 115,851 1,286,286 830,621
Total operating expenses 501,364 1,672,017 1,203,380
Loss from operations (115,047) (1,275,742) (784,527)
Interest expense, net (48,960) (53,136) (29,149)
Gain on debt extinguishment 44,686 0 0
Other (expense) income, net (5,204) 6,413 2,287
Loss before income taxes (124,525) (1,322,465) (811,389)
(Benefit from) provision for income taxes (553,646) 147,332 (275,909)
Net income (loss) $ 429,121 $ (1,469,797) $ (535,480)
Basic earnings (loss) per share [1] $ 31.39 $ (129.83) $ (53.44)
Weighted average shares outstanding used in computing basic earnings (loss) per share 13,671 11,321 10,020
Diluted earnings (loss) per share [1] $ 26.42 $ (129.83) $ (53.44)
Weighted average shares outstanding used in computing diluted earnings (loss) per share 16,566 11,321 10,020
Total product licenses and subscription services      
Revenues:      
Total revenues $ 156,530 $ 147,244 $ 144,873
Cost of revenues:      
Total cost of revenues 33,705 26,442 18,622
Product licenses      
Revenues:      
Total revenues 75,351 86,498 101,804
Cost of revenues:      
Total cost of revenues 1,929 1,672 1,721
Subscription services      
Revenues:      
Total revenues 81,179 60,746 43,069
Cost of revenues:      
Total cost of revenues 31,776 24,770 16,901
Product support      
Revenues:      
Total revenues 263,888 266,521 281,209
Cost of revenues:      
Total cost of revenues 22,434 21,264 19,254
Other services      
Revenues:      
Total revenues 75,843 85,499 84,680
Cost of revenues:      
Total cost of revenues $ 53,805 $ 55,283 $ 54,033
[1] Basic and fully diluted earnings (loss) per share for class A and class B common stock are the same.