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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net Loss $ (173,715) $ (33,866)
Adjustments to reconcile net loss to net cash used in operating activities:    
Credit loss expense 3,980 1,153
Depreciation and amortization 19,749 19,765
Amortization of financing costs charged to interest expense 1,235 1,234
Amortization of right-of-use assets 1,627 2,807
Gain on debt extinguishment (13,017) 0
Stock-based compensation expense 31,694 29,956
Impairment of goodwill and intangible assets 131,595 0
Change in contingent consideration (110) 15,044
Other non-cash income, net (4,136) (613)
Change in operating assets and liabilities:    
Accounts receivable 12,909 10,991
Prepaid expenses and other assets (229) 1,114
Accounts payable 820 (265)
Other accrued expenses (3,192) (10,282)
Partner Share liability (18,330) (4,994)
Consumer Incentive liability (2,903) (5,075)
Net cash used in operating activities (11,803) (3,119)
Investing activities    
Acquisition of property and equipment (1,439) (393)
Capitalized software development costs (13,423) (8,302)
Business divestiture 202 0
Net cash used in investing activities (14,660) (8,695)
Financing activities    
Proceeds from issuance of debt 172,500 30,000
Settlement of contingent consideration 14,167 50,050
Principal payment of debt (199,291) (21)
Proceeds from termination of capped calls related to convertible notes 115 0
Proceeds from issuance of common stock 48,634 55
Equity issuance costs (309) (58)
Debt issuance costs (5,836) 0
Net cash provided by (used in) financing activities 1,646 (20,074)
Effect of exchange rates on cash, cash equivalents and restricted cash (25) 43
Net decrease in cash, cash equivalents and restricted cash (24,842) (31,845)
Cash, cash equivalents, and restricted cash — Beginning of period 91,830 121,985
Cash, cash equivalents, and restricted cash — End of period 66,988 90,140
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheet:    
Cash and cash equivalents 66,988 90,067
Restricted cash 0 73
Total cash, cash equivalents and restricted cash — End of period 66,988 90,140
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,453 2,958
Amounts accrued for property and equipment 20 0
Amounts accrued for capitalized software development costs 203 0
Issuance of common stock, net of issuance costs - Settlement Agreement (as defined below) $ 27,451 $ 0