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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (35,381) $ (38,169)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 31,817 24,434
Stock-based compensation 147,311 122,801
Net accretion of discounts and amortization of premiums on short-term investments (2,568) (6,141)
Amortization of debt issuance costs 1,071 1,003
Loss (gain) on other investments 18 (1,452)
Restructuring 0 4,528
Other 2,791 4,128
Changes in operating assets and liabilities:    
Accounts receivable 59,733 26,911
Prepaid expenses and other assets 16,877 29,868
Accounts payable, accrued expenses and accrued compensation (9,795) (22,921)
Deferred revenue (30,413) (3,153)
Other current and noncurrent liabilities 2,259 (5,480)
Net cash provided by operating activities 183,720 136,357
Cash flows from investing activities:    
Purchases of property and equipment (11,768) (1,924)
Capitalized software development costs (2,676) (5,930)
Purchases of short-term investments (116,687) (227,210)
Sales and maturities of short-term investments 156,171 234,865
Proceeds from other investments 852 3,512
Purchases of other investments 0 (1,250)
Business combinations, net of cash acquired (196,182) (29,162)
Net cash used in investing activities (170,290) (27,099)
Cash flows from financing activities:    
Payments on term loan (2,813) (2,813)
Proceeds from stock issued in connection with the employee stock purchase plan 15,482 16,262
Proceeds from the exercise of stock options 2,420 4,798
Payments for taxes related to net share settlement of equity awards (1,329) 0
Purchase of treasury stock (184,968) (49,991)
Net cash used in financing activities (171,208) (31,744)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 983 (2,439)
Net (decrease) increase in cash and cash equivalents and restricted cash (156,795) 75,075
Cash and cash equivalents and restricted cash at beginning of period 328,647 237,132
Cash and cash equivalents and restricted cash at end of period 171,852 312,207
Supplemental disclosure of cash flow information:    
Cash paid for interest 20,287 23,505
Cash paid for income taxes, net of refunds 9,132 10,073
Supplemental cash flow information related to leases:    
Cash payments for operating leases $ 7,348 $ 7,409