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) income $ (88,846) $ (544)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Gain on repurchase of long-term debt (1,225) (8,782)
Depreciation and amortization of property and equipment 6,763 4,654
Amortization of capitalized software development costs 7,041 7,281
Amortization of intangible assets 34,903 2,559
Amortization of discount on marketable securities (784) (1,839)
Stock-based compensation 10,372 11,487
Non-cash operating lease expense 8,175 3,825
Provision for credit losses 5,614 2,951
Amortization of debt issuance costs 15,337 0
Deferred income taxes (42,709) (4,431)
Impairment of assets 15,614 0
Unrealized foreign currency transaction losses (gains) 6,677 (1,054)
Other 25 436
Changes in operating assets and liabilities:    
Accounts receivable 57,827 31,434
Prepaid expenses and other current assets 16,863 9,121
Accounts payable and other current liabilities (45,007) (30,563)
Operating lease liabilities (8,445) (3,869)
Deferred revenue (3,942) (2,051)
Other non-current assets and liabilities 6,091 5,283
Net cash provided by operating activities 344 25,898
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of a business, net of cash acquired (598,319) (181)
Purchases of property and equipment (4,853) (4,668)
Capitalized software development costs (12,020) (7,592)
Purchases of marketable securities (16,603) (56,166)
Proceeds from sales and maturities of marketable securities 86,471 144,257
Other (56) (81)
Net cash (used in) provided by investing activities (545,380) 75,569
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from the Bridge Facility 625,000 0
Repayments of borrowings under the Bridge Facility (625,000) 0
Proceeds from senior secured notes 625,305 0
Partial repayment of long-term debt (7,674) (109,740)
Payment of deferred financing costs (30,969) (501)
Payment of stock issuance costs (775) 0
Treasury stock repurchases and share withholdings on vested awards (639) (6,390)
Principal payments on finance lease obligations 0 (263)
Proceeds from bank overdrafts, net 110 0
Net cash provided by (used in) financing activities 585,358 (116,894)
Effect of exchange rate changes 1,834 2,034
Net increase in cash, cash equivalents and restricted cash 42,156 (13,393)
Cash, cash equivalents and restricted cash — Beginning 89,725 71,079
Cash, cash equivalents and restricted cash — Ending 131,881 57,686
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH    
Cash and cash equivalents 130,751 57,061
Restricted cash, included in other assets 1,130 625
Total cash, cash equivalents, and restricted cash 131,881 57,686
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Cash paid for income taxes, net of refunds 16,848 11,112
Cash paid for interest 34,661 4,263
SUPPLEMENTAL SCHEDULE OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Stock consideration issued for acquisition of a business 262,938 0
Purchases of property and equipment included in accounts payable 2,673 2,219
Operating lease right-of-use assets obtained in exchange for lease obligations 13,656 6,445
Stock-based compensation capitalized for software development costs 507 423
Unpaid deferred financing costs in accounts payable and accrued expenses $ 0 $ 2,855