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Condensed Unaudited Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (34,414) $ (67,632)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 35,090 26,705
Stock-based compensation 88,458 104,797
Deferred income taxes (345) (67)
Change in fair value of acquisition-related liabilities 9,165 (1,261)
Others, net 2,761 450
Change in non-cash working capital (net of acquisitions):    
Account receivable (19,067) (13,070)
Prepaid expenses 1,938 (2,352)
Other current assets (723) 161
Other non-current assets 156 (1,153)
Deferred revenue (6,543) 369
Accounts payable 2,703 (15,406)
Accrued expenses and other current liabilities (3,515) 24,321
Other non-current liabilities 1,184 (86)
Net cash provided by operating activities 76,848 55,776
Cash flows from investing activities:    
Capital expenditures (5,085) (12,565)
Website and software development costs (9,953) (8,212)
Acquisitions and other investments, net of cash acquired (1,202) 0
Net cash used for investing activities (16,240) (20,777)
Cash flows from financing activities:    
Cash paid for acquisition-related liabilities (6,333) (6,952)
Proceeds from credit facilities, net of issuance costs 6,250 11,250
Issuance under employee stock purchase plan 1,904 1,525
Exercise of options 964 1,841
Repurchase of shares (57,931) (8,363)
Repayments against the credit facilities (6,250) (11,250)
Net cash used for financing activities (61,396) (11,949)
Effect of exchange rate changes on cash and cash equivalents (55) (78)
Net (decrease) / increase in cash and cash equivalents (843) 22,972
Cash and cash equivalents, beginning of period 366,157 131,732
Cash and cash equivalents, end of period 365,314 154,704
Supplemental cash flow disclosures including non-cash activities:    
Cash paid for interest, net 1,415 5,016
Cash paid for income taxes, net 1,459 638
Liability established in connection with acquisitions 9,165  
Capitalized stock-based compensation as website and software development 1,348 1,712
Shares issued in connection with acquisitions and other agreements 4,333 667
Right-to-use assets established 1,792 1,081
Operating lease liabilities established 1,792 1,081
Non-cash consideration for website and software development $ 774 $ 402