v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss $ (19,125) $ (51,334) $ (51,455)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities      
Depreciation and amortization 186,631 176,467 183,167
Stock-based compensation 54,437 8,848 8,003
Provision for bad debt expense 2,669 2,419 2,518
Loss on disposal of assets     27
Loss on extinguishment of debt 20,611 393 1,079
Impairment loss     10,856
Deferred income taxes (59,135) (61,665) (27,108)
Amortization of debt discount and issuance costs 3,946 10,471 10,260
Other (99) 485 66
Changes in:      
Accounts receivable (21,816) (16,714) (17,372)
Income tax refundable 3,973 (2,459) 6,428
Prepaid expenses and other current assets (2,322) (9,705) (570)
Deferred costs (16,497) (14,189) (17,380)
Other long-term assets (472) (1,664) (79)
Accounts payable and accrued expenses 18,228 11,920 (3,344)
Deferred revenue (842) (167) (1,316)
Operating lease right-of-use assets and lease liabilities (419) (1,691) (1,116)
Other long-term liabilities   45 (30)
Net cash provided by operating activities 169,768 51,460 102,634
Cash flows from investing activities      
Purchase of property and equipment and capitalization of internally developed software costs (27,268) (21,517) (17,433)
Acquisitions, net of cash and cash equivalents acquired   (40,000)  
Net cash used in investing activities (27,268) (61,517) (17,433)
Cash flows from financing activities      
Payment to former shareholders     (2)
Change in aggregated funds liability 12,399 2,105 626
Proceeds from equity offering, net of underwriting discounts 1,017,074    
Payments of third-party IPO issuance costs (3,407)    
Repurchase of shares (844) (688) (2,454)
Proceeds from exercise of common stock options 1,683 425 649
Proceeds from issuances of debt, net of creditor fees 576,060 20,000  
Payments on debt (1,584,080) (37,983) (64,982)
Third-party fees paid in connection with issuance of new debt (1,410) (219)  
Cash settlement of stock options     (70)
Finance lease liabilities paid (821) (791) (832)
Net cash provided by (used in) financing activities 16,654 (17,151) (67,065)
Increase in cash and cash equivalents during the period 159,154 (27,208) 18,136
Cash and cash equivalents and restricted cash-beginning of period 45,428 72,636 54,500
Cash and cash equivalents and restricted cash-end of period 204,582 45,428 72,636
Supplemental disclosures of cash flow information      
Interest paid 122,771 193,003 144,317
Cash taxes paid (refunds received), net 51,100 51,449 5,574
Non-cash investing and financing activities      
Fixed asset purchases in accounts payable 283 1,091 123
Unpaid third-party IPO issuance costs 15    
Balance sheet      
Cash and cash equivalents 182,133 35,580 64,558
Restricted cash 22,449 9,848 8,078
Total $ 204,582 $ 45,428 $ 72,636