v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net loss $ (66,135) $ (150,075)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Founders advisory fees - related party (change in fair value) 263,954 253,097
Depreciation and amortization expense 53,610 49,215
Interest and payment-in-kind on preferred stock 5,499 5,292
Stock-based compensation 11,428 8,048
Non-cash lease expense 4,841 3,875
Deferred income taxes (58,172) 663
Amortization of deferred financing costs 1,342 1,291
Foreign currency (gain) loss (3,249) 163
Loss on disposal of assets 10 13
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (48,962) (57,880)
Inventories 316 37,373
Prepaid expenses and other current assets 5,460 1,571
Accounts payable 6,639 1,375
Deferred revenue 7,805 8,792
Income taxes payable, net 33,049 21,510
Accrued expenses and other current liabilities 13,136 16,151
Founders advisory fees - related party (cash settled) (6,677) (2,702)
Operating lease liabilities (3,363) (2,426)
Finance lease liabilities (367) (374)
Other, net (615) (597)
Net cash provided by operating activities 219,549 194,375
Cash flows from investing activities:    
Purchase of property and equipment (22,599) (9,071)
Purchase of intangible assets (15,226) 0
Proceeds from short-term investments 0 5,383
Purchase of businesses, net of cash acquired (22,000) 0
Net cash used in investing activities (59,825) (3,688)
Cash flows from financing activities:    
Common stock / ordinary shares repurchased (40,370) (14,420)
Proceeds from exercises of options 19,477 0
Principal payments on finance lease obligations (689) (544)
Net cash used in financing activities (21,582) (14,964)
Effect of foreign currency on cash and cash equivalents 4,049 54
Net change in cash and cash equivalents 142,191 175,777
Cash and cash equivalents, beginning of period 198,456 47,276
Cash and cash equivalents, end of period 340,647 223,053
Supplemental disclosures of cash flow information:    
Cash paid for interest 19,870 20,286
Cash paid for income taxes $ 28,237 $ 31,414