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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities        
Net loss $ (108,032) $ (4,237) $ (116,200) $ (9,602)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 25,481 26,771 50,775 53,799
Stock based compensation     8,393 12,028
Amortization of debt issuance costs     1,619 1,423
Other loss     268  
Fair value change in tax receivable agreement liability 2,509 3,366 5,531 6,279
Impairment loss 103,781   103,781  
Deferred tax expense     (1,749) (1,673)
Change in accounts receivable     (429) (3,303)
Change in prepaid expenses and other     832 (313)
Change in operating lease ROU assets     859 2,368
Change in other assets     (2,417)  
Change in accounts payable     (7,976) 2,325
Change in accrued expenses and other     (7,969) (6,378)
Change in operating lease liabilities     (602) (2,599)
Change in other liabilities     852 1,426
Net cash provided by operating activities     35,568 55,780
Cash flows from investing activities        
Purchases of property and equipment     (77) (571)
Capitalized software development costs     (20,925) (22,249)
Net cash used in investing activities     (21,002) (22,820)
Cash flows from financing activities        
Payments for tax withholding related to shares vesting under Incentive Plan and ESPP     (3,313) (2,489)
Treasury shares repurchased     (22,645)  
Payment of Tax Receivable Agreement ("TRA")     (16,337) (580)
Net cash used in financing activities     (42,295) (3,069)
(Decrease) increase in cash, cash equivalents and restricted cash     (27,729) 29,891
Cash, cash equivalents and restricted cash at beginning of period     236,709 144,145
Cash, cash equivalents and restricted cash at end of period 208,980 174,036 208,980 174,036
Cash paid during the period for:        
Interest     4,740 397
Income taxes (net of refunds received)     1,793 1,489
Reconciliation of cash, cash equivalents and restricted cash in the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows:        
Cash and cash equivalents 162,615 147,092 162,615 147,092
Current restricted cash 33,796 11,340 33,796 11,340
Noncurrent restricted cash 12,569 15,604 12,569 15,604
Total cash, cash equivalents and restricted cash as shown in the Condensed Consolidated Statements of Cash Flows $ 208,980 $ 174,036 $ 208,980 $ 174,036