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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,601 $ 20,644
Adjustments to reconcile net income to net cash used in operating activities:    
Stock-based compensation 4,582 3,500
Depreciation and amortization 10,544 162
Change in contingent consideration 4,199 0
Change in fair value of marketable securities 3,546 0
Deferred income taxes 12,964 0
Other 672 46
Changes in operating assets and liabilities:    
Decrease (increase) in account receivables 16,445 (2,965)
(Increase) decrease in inventory (1,015) 112
Increase in prepaid expenses and other assets (2,257) (2,267)
Increase in accounts payable 4,943 213
(Decrease) increase in accrued expenses and other liabilities (50,622) 292
Payment of contingent consideration liabilities (220) 0
Net cash provided by operating activities 42,382 19,737
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of short-term investments 0 (9,985)
Maturity of short-term investments 3,694 9,800
Purchase of equipment (729) (10)
Net cash provided by (used in) investing activities 2,965 (195)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from sale of common stock from at-the-market program, net 0 6,762
Repurchase of common stock (11,092) 0
Payment of employee withholding taxes on vested restricted stock units (1,527) (1,019)
Proceeds from exercise of stock options 1,179 350
Payment of contingent consideration liabilities (522) 0
ROU financing lease fees (135) 0
Net cash (used in) provided by financing activities (12,097) 6,093
Foreign exchange effect on cash 0 0
NET INCREASE IN CASH AND CASH EQUIVALENTS 33,250 25,635
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - BEGINNING OF PERIOD 145,825 40,756
CASH, CASH EQUIVALENTS AND RESTRICTED CASH - END OF PERIOD 179,075 66,391
Cash paid for interest 2,817 10
Supplemental Disclosure of Non-Cash investing and financing Activities:    
Additional capital expenditures included in accrued expenses and other liabilities 97 0
Disposal of ROU assets and liabilities for finance lease $ (53) $ 0