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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
[1]
Cash flows from operating activities    
Net loss $ (8,718) $ (3,427)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 8,257 7,242
Stock-based compensation expense 17,703 29,239
Amortization of debt discount and issuance costs 631 1,057
Unrealized (gain) loss on foreign currency exchange (3,921) 1,288
Accretion on short-term investments (41) (2,769)
Non-cash operating lease expenses 318 273
Amortization of creator signing fees 1,006 401
Changes related to creator advances, creator signing fees, and allowance for credit losses 609 (2,920)
Provision for chargebacks and refunds 9,597 14,559
Gain on litigation settlement 0 (3,927)
Other 857 623
Changes in operating assets and liabilities    
Accounts receivable 878 (2,866)
Funds receivable 13,448 19,653
Creator signing fees and creator advances (3,433) (3,922)
Prepaid expenses and other assets (627) 1,291
Accounts payable, creators 13,933 12,852
Accounts payable (658) (366)
Chargebacks and refunds reserve (9,354) (14,415)
Accrued compensation and benefits 4,489 (8,988)
Accrued taxes (1,690) (3,840)
Operating lease liabilities (1,104) (991)
Other accrued liabilities (284) (3,773)
Net cash provided by operating activities 41,896 36,274
Cash flows from investing activities    
Purchases of short-term investments 0 (112,185)
Maturities of short-term investments 25,000 212,002
Purchases of property and equipment (61) (403)
Capitalized internal-use software development costs (1,795) (4,818)
Net cash provided by investing activities 23,144 94,596
Cash flows from financing activities    
Repurchase of common stock 0 (36,508)
Taxes paid related to net share settlement of equity awards (2,437) (5,776)
Proceeds from issuance of common stock under ESPP 164 454
Net cash used in financing activities (2,273) (41,830)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11,206 (2,741)
Net increase in cash, cash equivalents and restricted cash 73,973 86,299
Cash, cash equivalents and restricted cash    
Beginning of period 464,531 489,200
End of period 538,504 575,499
Supplemental cash flow data    
Interest paid 1,548 4,548
Income taxes paid, net of refunds 626 994
Non-cash investing and financing activities    
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 103 1,011
Other accrued liability recorded for common stock repurchases $ 0 $ 536
[1]
(1)The condensed consolidated statement of cash flows for the six months ended June 30, 2024 has been revised. For further details refer to “Note 1. Overview and Basis of Presentation.”