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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net loss $ (95,765) $ (100,916) $ (124,518)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 11,126 11,703 12,176
Stock-based compensation 126,682 139,819 142,862
Amortization of deferred commissions 54,392 53,072 49,366
Non-cash operating lease costs 9,526 9,468 9,305
Amortization of debt issuance costs 2,144 1,514 1,486
Amortization of premium and accretion of discount on marketable securities, net (12,690) (9,354) (344)
Acquired in-process research and development 6,653 0 0
Gain from sale of property and equipment 0 0 (21)
Changes in assets and liabilities:      
Trade receivables (23,716) (33,137) (18,800)
Prepaid expenses and other short-term assets (35,332) (21,459) (6,161)
Deferred commissions (59,820) (53,505) (49,135)
Other long-term assets 347 (577) 502
Trade payables 3,641 (2,290) (2,362)
Accrued expenses and other short-term liabilities 17,317 (5,278) (9,115)
Deferred revenues 110,389 69,882 5,266
Other long-term liabilities 306 474 1,364
Net cash provided by operating activities 115,200 59,416 11,871
Cash flows from investing activities:      
Proceeds from maturities of marketable securities 308,840 301,350 41,600
Proceeds from sales of marketable securities 111,552 0 0
Investment in marketable securities (949,841) (517,948) (277,871)
Proceeds from short-term and long-term deposits 34,795 214,444 15,961
Investment in short-term and long-term deposits (24,254) (135,823) (142,566)
Purchase of in-process research and development (6,653) 0 0
Proceeds from sale of property and equipment 0 0 21
Purchases of property and equipment (6,694) (5,099) (11,396)
Net cash used in investing activities (532,255) (143,076) (374,251)
Cash flows from financing activities:      
Proceeds from employee stock plans 16,082 11,537 11,940
Taxes paid related to net share settlement of equity awards (38,295) (21,415) (31,077)
Repurchase of common stock 0 (43,522) (56,444)
Proceeds from issuance of convertible senior notes, net of issuance costs 449,635 0 0
Purchases of capped calls (55,522) 0 0
Net cash provided by (used in) financing activities 371,900 (53,400) (75,581)
Decrease in cash and cash equivalents (45,155) (137,060) (437,961)
Cash and cash equivalents at beginning of period 230,740 367,800 805,761
Cash and cash equivalents at end of period 185,585 230,740 367,800
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 24,249 16,089 7,354
Cash paid for interest 3,193 3,196 3,167
Lease liabilities arising from obtaining right-of-use assets 3,148 3,166 1,625
Common stock issued for debt conversion $ 1,501 $ 0 $ 0