XML 15 R6.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 7,990 $ 1,907
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 1,221 1,263
Stock-based compensation expense 5,420 4,518
Provision for bad debt   18
Unrealized foreign currency transaction (gains) losses 35 (4)
Changes in operating assets and liabilities:    
Accounts receivable (457) (17,123)
Prepaid expenses and other current assets 496 972
Commissions receivable, current and non-current 1,014 1,323
Operating lease right-of-use assets 267 497
Accounts payable (2,765) 15,868
Accrued expenses and other current liabilities 10,018 1,870
Deferred revenue 335 (2)
Operating lease liabilities (268) (667)
Net cash provided by operating activities 23,306 10,440
Cash flows from investing activities:    
Acquisition of property and equipment, including costs capitalized for development of internal-use software (1,133) (770)
Net cash used in investing activities (1,133) (770)
Cash flows from financing activities:    
Proceeds from exercise of stock options 1,962 1,428
Tax withholding payments related to net share settlement (1,293) (429)
Net cash provided by financing activities 669 999
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (5)
Net increase in cash, cash equivalents and restricted cash 22,852 10,664
Cash, cash equivalents and restricted cash at beginning of period 102,116 37,956
Cash, cash equivalents and restricted cash at end of period 124,968 48,620
Supplemental disclosure of non-cash investing information:    
Acquisition of property and equipment included in accounts payable and accrued expenses and other current liabilities $ 208 $ 25