v3.23.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 3,950 $ (45,644)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,053 3,426
Stock-based compensation expense 70,219 53,188
Gain on sale of capitalized software (100) 0
Loss on disposal of leasehold improvements 417 0
Changes in assets and liabilities:    
Deferred revenue 51,338 36,677
Accounts receivable (14,983) 2,966
Deferred cost of revenues (11,083) (6,039)
Prepaid expenses and other current assets (2,299) (2,154)
Accounts payable 1,403 (3,864)
Accrued expenses and other current liabilities 185 4,269
Noncurrent assets and liabilities 321 (777)
Net cash provided by operating activities 104,421 42,048
Cash flows from investing activities:    
Capitalized software expense and purchases of intangible assets (7,269) (3,959)
Purchase of property and equipment (2,267) (5,270)
Proceeds from sale of capitalized software 100 0
Net cash used for investing activities (9,436) (9,229)
Cash flows from financing activities:    
Proceeds from exercise of stock options 10,054 13,226
Taxes paid related to net-share settlements of share-based compensation awards (11,482) 0
Net cash (used for) provided by financing activities (1,428) 13,226
Net increase in cash and cash equivalents 93,557 46,045
Cash and cash equivalents - Beginning of period 608,180 553,922
Cash and cash equivalents - End of period 701,737 599,967
Supplemental disclosure of cash flow information:    
Cash paid for interest 0 0
Cash paid for income taxes 2,195 608
Supplemental disclosure of noncash investing activities:    
Capitalized software and purchases of intangible assets included in Current liabilities 0 8
Property and equipment included in Current liabilities 242 45
Landlord incentive included in Prepaid expenses and other current assets $ 0 $ 2,148