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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (64,720) $ (34,103)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation expense 15,866 19,804
Depreciation and amortization 25,004 21,182
Impairment of long-lived assets 0 2,200
Non-cash operating lease expense 1,484 1,434
Amortization of debt discount, issuance costs, and deferred financing costs 2,089 759
Investment discount and premium accretion (933) (3,148)
Provision for expected credit losses 1,110 3,438
Deferred tax provision (157) 16
Change in fair value of contingent consideration liabilities (5,168) 0
Goodwill impairment 28,769 0
Other (784) 12
Change in operating assets and liabilities:    
Accounts receivable, net (10,633) 2,047
Prepaid expenses and other assets 2,468 1,922
Accounts payable, accrued liabilities, and other liabilities (12,638) (2,380)
Deferred revenue 11,423 501
Operating lease liabilities (1,897) (1,806)
Net cash (used in) provided by operating activities (8,717) 11,878
Cash flows from investing activities    
Proceeds from the sale and maturity of short-term investments 143,208 158,200
Purchase of short-term investments (46,760) (50,197)
Acquisition of businesses, net of cash acquired (41,114) (18,659)
Capitalization of internal-use software (10,086) (6,287)
Purchases of property and equipment (440) (498)
Purchase of intangible assets (296) (365)
Proceeds from the sale of property and equipment 25 7
Net cash provided by investing activities 44,537 82,201
Cash flows from financing activities    
Proceeds from employee stock purchase plan 1,003 1,431
Repurchase of common stock (5,000) 0
Repayment of debt (230,814) 0
Proceeds from exercise of stock options 0 130
Net cash (used in) provided by financing activities (234,811) 1,561
Effect of exchange rate changes on cash and cash equivalents 58 (21)
Net (decrease) increase in cash and cash equivalents (198,933) 95,619
Cash and cash equivalents at beginning of period 249,645 106,276
Cash and cash equivalents at end of period 50,712 201,895
Supplemental disclosures of non-cash investing and financing information    
Common stock issued in connection with acquisitions 31,584 2,584
Stock-based compensation capitalized as internal-use software 540 432
Purchase of property and equipment included in accounts payable 31 105
Capitalized internal-use software included in accounts payable and accrued liabilities 262 216
Operating lease right-of-use assets obtained in exchange for operating lease obligations $ 951 $ 0