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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenues $ 248,274 $ 208,035 $ 715,977 $ 606,783
Transaction costs (Exclusive of depreciation and amortization shown separately below and inclusive of $401 and $437 in interest expense and fees associated with related party transactions during the three months ended September 30, 2024 and 2023, and $1,213 and $1,294 during the nine months ended September 30, 2024 and 2023 respectively; refer to Notes 12 and 21 for further information) 38,058 30,393 108,985 85,971
Other operating expenses 44,892 40,301 126,417 120,923
Research and development expenses 34,616 26,950 94,247 84,225
Sales and marketing expenses 52,311 48,664 152,815 144,892
General and administrative expenses 29,725 25,112 80,036 73,805
Depreciation and amortization 13,510 7,116 33,630 19,064
Total operating expenses 213,112 178,536 596,130 528,880
Operating income 35,162 29,499 119,847 77,903
Financial income (expense):        
Gain (loss) from change in fair value of Warrants   (7,799) 2,767 5,535
Loss on Warrant repurchase/redemption (14,746)   (14,746)  
Other financial income, net 1,674 1,137 5,397 7,805
Financial income (expense), net (13,072) (6,662) (6,582) 13,340
Income before taxes on income 22,090 22,837 113,265 91,243
Tax benefit (expense) on income 19,484 (10,012) (10,292) (24,931)
Net income 41,574 12,825 102,973 66,312
Other comprehensive income        
Unrealized gain on available-for-sale debt securities, net 12,256   13,127  
Tax expense on unrealized gains on available-for-sale debt securities, net (2,816)   (2,816)  
Unrealized gain on cash flow hedges, net 1,168   503  
Tax expense on unrealized gains on cash flow hedges, net (211)   (91)  
Other comprehensive income, net of tax 10,397 0 10,723 0
Comprehensive income $ 51,971 $ 12,825 $ 113,696 $ 66,312
Per Share Data        
Net income per share attributable to common stockholders - Basic earnings per share $ 0.12 $ 0.04 $ 0.29 $ 0.18
- Diluted earnings per share $ 0.11 $ 0.03 $ 0.27 $ 0.17
Weighted average common shares outstanding - Basic (in shares) 357,297,824 357,429,113 357,631,049 361,206,439
Weighted average common shares outstanding - Diluted (in shares) 374,303,470 381,845,099 379,125,363 389,658,789