v3.25.3
CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net earnings $ 33 $ 25,476
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Stock-based compensation expense 20,298 23,620
Amortization of intangibles 1,227 1,042
Depreciation 153 313
Provision for credit losses 373 344
Non-cash lease expense 3,119 3,310
Other adjustments, net (82) 64
Changes in assets and liabilities:    
Accounts receivable 1,175 (795)
Prepaid expenses and other assets 5,774 4,231
Accounts payable and other liabilities (2,174) (7,371)
Deferred revenue 6,860 (4,177)
Net cash provided by operating activities 36,756 46,057
Cash flows from investing activities:    
Capital expenditures (142) (173)
Capitalized internal-use software development costs (5,269) 0
Net cash used in investing activities (5,411) (173)
Cash flows from financing activities:    
Amounts related to settlement of equity awards (14,144) (5,243)
Proceeds from exercise of stock options 1,125 47
Purchases of treasury stock (23,791) (16,797)
Net cash used in financing activities (36,810) (21,993)
Total cash (used) provided (5,465) 23,891
Effect of exchange rate changes on cash and cash equivalents and restricted cash 854 (306)
Net (decrease) increase in cash and cash equivalents and restricted cash (4,611) 23,585
Cash and cash equivalents and restricted cash at beginning of period 325,493 301,436
Cash and cash equivalents and restricted cash at end of period $ 320,882 $ 325,021