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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (129,324) $ (95,765) $ (100,916)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 12,309 11,126 11,703
Stock-based compensation 130,242 126,682 139,819
Amortization of deferred commissions 51,920 54,392 53,072
Non-cash operating lease costs 10,059 9,526 9,468
Amortization of debt issuance costs 2,976 2,144 1,514
Amortization of premium and accretion of discount on marketable securities, net 2,267 (12,690) (9,354)
Income from options to repurchase common stock (253) 0 0
Acquired in-process research and development 0 6,653 0
Changes in assets and liabilities:      
Trade receivables (52,554) (23,716) (33,137)
Prepaid expenses and other short-term assets 7,256 (35,332) (21,459)
Deferred commissions (90,866) (59,820) (53,505)
Other long-term assets (1,134) 347 (577)
Trade payables 1,229 3,641 (2,290)
Accrued expenses and other short-term liabilities 52,826 17,317 (5,278)
Deferred revenues 148,074 110,389 69,882
Other long-term liabilities 2,404 306 474
Net cash provided by operating activities 147,431 115,200 59,416
Cash flows from investing activities:      
Proceeds from maturities of marketable securities 364,955 308,840 301,350
Proceeds from sales of marketable securities 0 111,552 0
Investment in marketable securities (229,446) (949,841) (517,948)
Proceeds from short-term and long-term deposits 253,268 34,795 214,444
Investment in short-term and long-term deposits (250,579) (24,254) (135,823)
Acquisitions, net of cash acquired (123,514) 0 0
Purchases of property and equipment (12,628) (6,694) (5,099)
Capitalized internal-use software (2,893) 0 0
Purchase of in-process research and development 0 (6,653) 0
Net cash used in investing activities (837) (532,255) (143,076)
Cash flows from financing activities:      
Proceeds from employee stock plans 14,349 16,082 11,537
Taxes paid related to net share settlement of equity awards (29,162) (38,295) (21,415)
Repurchase of common stock (115,000) 0 (43,522)
Repayment of convertible senior notes (137) 0 0
Proceeds from options to repurchase common stock 253 0 0
Proceeds from issuance of convertible senior notes, net of issuance costs 0 449,635 0
Purchases of capped calls 0 (55,522) 0
Net cash provided by (used in) financing activities (129,697) 371,900 (53,400)
Increase (decrease) in cash and cash equivalents 16,897 (45,155) (137,060)
Cash and cash equivalents at beginning of period 185,585 230,740 367,800
Cash and cash equivalents at end of period 202,482 185,585 230,740
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 3,585 24,249 16,089
Cash paid for interest 7,724 3,193 3,196
Liability related to acquisition holdback 3,502 0 0
Lease liabilities arising from obtaining right-of-use assets 19,118 3,148 3,166
Common stock issued for debt conversion $ 251,439 $ 1,501 $ 0