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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 $ (85,288) $ (107,294) $ (153,875)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization 25,421 24,588 21,216
Amortization of deferred contract costs 59,654 48,161 32,279
Stock-based compensation 90,022 96,046 81,293
Allowance for credit losses 1,549 1,662 960
Net (accretion) amortization of marketable securities (8,301) (7,492) (896)
Non-cash operating lease expense 4,524 5,856 6,205
Unrealized loss on strategic investments 10,311 1,793 2,896
Other 2,551 1,178 690
Changes in operating assets and liabilities:      
Accounts receivable 2,789 10,313 (32,309)
Prepaid expenses and other assets (4,588) (5,831) (4)
Deferred contract costs (58,333) (56,890) (53,379)
Accounts payable, accrued expenses and other liabilities 10,050 (14,429) (28,620)
Content costs payable (2,671) 2,967 1,349
Operating lease liabilities (5,777) (6,768) (6,487)
Deferred revenue 11,130 4,135 67,725
Net cash provided by (used in) operating activities 53,043 (2,005) (60,957)
Cash flows from investing activities:      
Purchases of marketable securities (336,898) (307,706) (158,503)
Proceeds from maturities of marketable securities 352,750 295,800 7,500
Purchases of property and equipment (2,300) (632) (1,564)
Capitalized software costs (12,475) (12,434) (14,160)
Purchases of strategic investments 0 0 (5,000)
Payments related to business combinations 0 0 (1,500)
Net cash provided by (used in) investing activities 1,077 (24,972) (173,227)
Cash flows from financing activities:      
Net proceeds from exercise of stock options 2,345 17,911 7,149
Taxes paid related to net share settlement of equity awards (30,824) (6,760) 0
Proceeds from share purchases under employee stock purchase plan 7,054 8,044 9,192
Repurchases of common stock (150,324) 0 0
Payment of deferred offering costs 0 0 (1,586)
Net cash provided by (used in) financing activities (171,749) 19,195 14,755
Effect of foreign exchange rates on cash flows (116) 20 (25)
Net decrease in cash, cash equivalents and restricted cash (117,745) (7,762) (219,454)
Cash, cash equivalents and restricted cash—Beginning of period 309,552 317,314 536,768
Cash, cash equivalents and restricted cash—End of period 191,807 309,552 317,314
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 190,592 305,564 313,685
Restricted cash, current 100 3,329 0
Restricted cash, non-current 1,115 659 3,629
Total cash, cash equivalents and restricted cash 191,807 309,552 317,314
Supplemental disclosures of cash flow information:      
Interest paid 0 3,188 23
Income taxes paid 1,281 1,418 678
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation in capitalized costs 8,504 9,175 5,911
Net change in unrealized gain (loss) on marketable securities 21 289 (213)
Operating lease right-of-use assets exchanged for operating lease liabilities 9,779 0 0
Accrued excise tax on share repurchases 876 0 0
Increase (decrease) in purchases of property and equipment included in liabilities $ 630 $ (56) $ 22