v3.24.3
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating activities    
Net loss $ (19,169) $ (281,938)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization expense 12,771 9,823
Non-cash operating lease costs 9,562 9,649
Amortization of deferred contract acquisition costs 13,841 11,380
Amortization of prepaid marketing expense 39,673 39,672
Loss on disposal of property and equipment 32 0
Bad debt expense 131 368
Stock-based compensation expense 100,690 302,317
Deferred income tax (558) 0
Other 0  
Other   108
Changes in operating assets and liabilities:    
Accounts receivable (11,519) (7,025)
Deferred contract acquisition costs (24,499) (19,030)
Prepaid expenses, prepaid taxes, and other assets (14,021) (5,479)
Accounts payable (2,069) 389
Accrued expenses (682) 18,668
Deferred revenue 12,832 7,757
Operating lease liabilities (11,805) (11,482)
Other non-current liabilities 656 5,550
Net cash provided by operating activities 105,866 80,727
Investing activities    
Acquisition of property and equipment (3,575) (823)
Capitalization of software development costs (8,023) (4,612)
Net cash used in investing activities (11,598) (5,435)
Financing activities    
Proceeds from exercise of common stock options 6,244 4,034
Cash paid for finance leases (16) (16)
Proceeds from exercise of warrants 10 57
Proceeds from issuance of common stock in initial public offering, net of issuance costs 0 321,029
Employee taxes paid related to net share settlement of stock-based awards (19,264) (62,863)
Proceeds from employee stock purchase plan 6,999 0
Net cash (used in) provided by financing activities (6,027) 262,241
Net increase in cash, cash equivalents, and restricted cash 88,241 337,533
Cash, cash equivalents, and restricted cash, beginning of period 739,657 386,916
Cash, cash equivalents, and restricted cash, end of period 827,898 724,449
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 4,712 192
Cash paid for operating lease liabilities, net of tenant incentives received 11,805 11,482
Non-cash investing and financing activities    
Recognition of prepaid marketing asset 24,300 134,225
Vesting of restricted common stock 0 75
Accretion of common stock subject to redemption 0 (399,685)
Unpaid deferred offering costs 0 1,076
Reclassification of redeemable common stock to Series B common stock 0 1,931,538
Capitalization of stock-based compensation expense related to internal use software 2,818 1,217
Unpaid employee taxes related to net share settlement of stock-based awards 0 7,312
Unpaid purchases of property and equipment $ 422 $ 0