v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net loss $ (57,461) $ (12,809)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,142 1,545
Noncash operating lease expense 1,555 1,394
Amortization of deferred commissions 11,643 9,492
Equity-based compensation 69,343 3,832
Other noncash operating activities, net (1) (477)
Changes in operating assets and liabilities:    
Accounts receivable, net 20,113 14,957
Deferred commissions (13,120) (11,694)
Prepaid expenses and other assets 2,081 2,637
Accounts payable 2,957 14,133
Deferred revenue 18,698 14,242
Accrued and other liabilities 7,988 (3,598)
Net cash provided by operating activities 65,938 33,654
Investing activities:    
Purchases of property and equipment (746) (1,100)
Acquisition of business, net of cash acquired (3,700) (7,594)
Net cash used in investing activities (4,446) (8,694)
Financing activities:    
Payments of deferred offering costs (1,763) (1,045)
Tax withholdings for redemption of LLC Units 5,824  
Proceeds from option exercises 41,792  
Net cash provided by (used in) financing activities 45,853 (1,045)
Effect of exchange rate changes on cash and cash equivalents 563 (487)
Net increase in cash and cash equivalents 107,908 23,428
Cash and cash equivalents - Beginning of period 544,174 117,087
Cash and cash equivalents - End of period 652,082 140,515
Supplemental disclosures of noncash investing and financing activities    
Purchases of property and equipment included in liabilities 127 806
Lease liabilities arising from obtaining right-of-use assets $ 1,306  
Deferred offering costs, accrued but unpaid   $ 1,489