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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 49,485 $ 11,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,276 3,001
Stock-based compensation 24,858 19,032
Net accretion on securities (693) (1,077)
Benefit for deferred taxes (890) (1)
Non-cash operating lease cost 1,905 574
Non-cash acquisition-related costs 1,030 0
Non-cash other 832 484
Changes in operating assets and liabilities:    
Inventory (11,669) (7,362)
Prepaid expenses and other current assets (17,239) (6,708)
Other long-term assets 73 (47)
Accounts payable 14,473 3,602
Accrued liabilities 4,351 (2,258)
Deferred revenue 35,480 6,002
Operating lease liabilities (1,182) (532)
Net cash provided by operating activities 109,090 25,838
Investing activities    
Purchases of investments 0 (70,700)
Maturities of investments 31,342 97,700
Investment in website development and internal-use software (3,711) (3,377)
Purchases of property, equipment, and intangible assets (55,327) (10,581)
Acquisition of business, net of cash acquired (5,100) 0
Net cash (used in) provided by investing activities (32,796) 13,042
Financing activities    
Proceeds from exercise of vested stock options 3,928 5,070
Payments for taxes related to net share settlement of equity awards (25,711) (7,314)
Repurchases of common stock 0 (28,064)
Payments for debt issuance costs (1,235) 0
Net cash used in financing activities (23,018) (30,308)
Foreign currency effect on cash and cash equivalents 243 2
Increase in cash, cash equivalents, and restricted cash 53,519 8,574
Cash, cash equivalents, and restricted cash at beginning of period 221,440 97,519
Cash, cash equivalents, and restricted cash at end of period 274,959 106,093
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 273,736 105,237
Restricted cash 1,223 856
Total cash, cash equivalents, and restricted cash 274,959 106,093
Supplemental disclosures of cash flow information    
Cash paid for taxes 360 126
Non-cash investing and financing activities    
Purchases of property and equipment included in accounts payable and accrued liabilities 11,019 594
Deferred debt issuance costs included in accounts payable and accrued liabilities 633 0
Right-of-use asset obtained in exchange for lease liability 52,459 2,174
Issuance of common stock in connection with asset acquisition 12,760 0
Common stock to be issued for asset acquisition indemnification holdback $ 6,380 $ 0