v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 1,688 $ 31,240 $ (90,071)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization of software, equipment, and property 58,760 42,908 36,902
Amortization of intangible assets 91,520 80,768 98,436
Impairment of goodwill and intangible assets 0 0 82,742
Deferred income taxes 18,497 (30,521) (46,333)
Stock-based compensation 175,394 171,038 144,518
Amortization of deferred financing fees 1,887 1,871 1,753
Amortization of discount on debt 153 261 233
Change in fair value of derivative instruments 8,386 5,233 5,743
Change in fair value of warrant liabilities 0 (14,378) 15,096
Change in fair value of estimated contingent consideration 0 (100) 0
Non-cash lease expense 0 0 1,232
Loss on disposal of software, equipment and property 2 302 79
Noncash interest expense 2,242 0 0
Other 0 221 620
Changes in:      
Accounts receivable—Net (30,119) (4,196) (4,001)
Deferred contract costs (2,550) (4,473) (1,344)
Other current assets (28) 4,319 4,046
Deferred contract costs—Non-current (3,787) 3,610 (2,141)
Other assets (1,146) 2,771 (3,649)
Operating lease assets 2,556 2,301 1,186
Income taxes (25,944) (7,147) 4,984
Accounts payable 12,133 2,070 (11,270)
Accrued expenses 8,067 797 1,041
Operating lease liabilities (4,482) (4,298) (2,145)
Deferred revenues 6,418 1,355 8,321
Other liabilities (4,168) (2,066) 4,055
Net cash provided by operating activities 315,479 283,886 250,033
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of software, equipment, and property (60,971) (53,012) (55,032)
Acquisition of EvolutionIQ, Inc., net of cash acquired (410,412) 0 0
Net cash used in investing activities (471,383) (53,012) (55,032)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from exercise of stock options 4,703 33,506 25,381
Proceeds from employee stock purchase plan 5,044 5,745 4,761
Principal payments on long-term debt (10,010) (8,000) (8,000)
Payments for employee taxes withheld upon vesting of equity awards (48,549) (57,826) (16,715)
Payment of fees associated with the debt and revolver debt modifications (7,734) (719) 0
Repurchase of common stock (600,567) 0 (328,453)
Proceeds from issuance of long-term debt 525,000 0 0
Net cash used in financing activities (132,113) (27,294) (323,026)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 226 (169) (191)
NET CHANGE IN CASH AND CASH EQUIVALENTS (287,791) 203,411 (128,216)
Beginning of period 398,983 195,572 323,788
End of period 111,192 398,983 195,572
NONCASH INVESTING AND FINANCING ACTIVITIES:      
Noncash purchases of software, equipment, and property 79 7,154 2,044
Fair value of redeemed private warrants 0 37,122 0
Stock issued related to the acquisition of EvolutionIQ, Inc 250,441 0 0
Issuance of promissory note to minority investor of redeemable preferred shares 22,955 0 0
Excise tax accrued on repurchase of common stock 958 0 0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:      
Cash paid for interest 66,704 62,898 61,367
Cash paid for income taxes-Net $ 28,595 $ 50,742 $ 42,948