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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 income (loss) $ 3,807 $ (85,288) $ (107,294)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 25,359 25,421 24,588
Amortization of deferred contract costs 65,540 59,654 48,161
Stock-based compensation 68,754 90,022 96,046
Allowance for credit losses 3,363 1,549 1,662
Net (accretion) amortization of marketable securities (3,187) (8,301) (7,492)
Non-cash operating lease expense 3,777 4,524 5,856
Unrealized loss on strategic investments 0 10,311 1,793
Other 1,559 2,551 1,178
Changes in operating assets and liabilities:      
Accounts receivable (11,045) 2,789 10,313
Prepaid expenses and other assets (4,042) (4,588) (5,831)
Deferred contract costs (64,405) (58,333) (56,890)
Accounts payable, accrued expenses and other liabilities 3,303 10,050 (14,429)
Content costs payable (4,432) (2,671) 2,967
Operating lease liabilities (2,472) (5,777) (6,768)
Deferred revenue 1,780 11,130 4,135
Net cash provided by (used in) operating activities 87,659 53,043 (2,005)
Cash flows from investing activities:      
Purchases of marketable securities (182,603) (336,898) (307,706)
Proceeds from maturities and sales of marketable securities 222,415 352,750 295,800
Purchases of property and equipment (5,803) (2,300) (632)
Capitalized software costs (11,880) (12,475) (12,434)
Payments related to asset acquisitions (1,500) 0 0
Net cash provided by (used in) investing activities 20,629 1,077 (24,972)
Cash flows from financing activities:      
Net proceeds from exercise of stock options 70 2,345 17,911
Proceeds from share purchases under employee stock purchase plan 4,175 7,054 8,044
Taxes paid related to net share settlement of equity awards (20,306) (30,824) (6,760)
Repurchases of common stock and excise taxes paid (50,965) (150,324) 0
Payments of debt issuance costs (1,438) 0 0
Net cash provided by (used in) financing activities (68,464) (171,749) 19,195
Effect of foreign exchange rates on cash flows 238 (116) 20
Net increase (decrease) in cash, cash equivalents and restricted cash 40,062 (117,745) (7,762)
Cash, cash equivalents and restricted cash—Beginning of period 191,807 309,552 317,314
Cash, cash equivalents and restricted cash—End of period 231,869 191,807 309,552
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 231,485 190,592 305,564
Restricted cash, current 201 100 3,329
Restricted cash, non-current 183 1,115 659
Total cash, cash equivalents and restricted cash 231,869 191,807 309,552
Supplemental disclosures of cash flow information:      
Interest paid 299 0 3,188
Income taxes paid 5,045 1,281 1,418
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation in capitalized costs 6,548 8,504 9,175
Net change in unrealized gain (loss) on marketable securities 40 21 289
Increase (decrease) in purchases of property and equipment included in liabilities (500) 630 (56)
Operating lease right-of-use assets exchanged for operating lease liabilities 1,867 9,779 0
Accrued excise tax on share repurchases $ 117 $ 876 $ 0