7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 
      
    		                                
      cash flows from operating activities:
    		                                
      net income
    		24,812,000 10,503,000 -27,431,000 -35,548,000 -9,030,000 -33,953,000 -50,855,000 -78,291,000 -330,071,000 -107,595,000 -193,604,000 -237,195,000 -122,183,000 -112,321,000 -26,306,000 23,687,000 68,935,000 73,467,000 76,296,000 67,306,000 12,947,000 -43,148,000 -54,612,000 -15,717,000 -25,155,000 -9,333,000 -9,732,000 6,778,000 -9,527,000 526,000 -6,634,000 6,941,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                
      depreciation and amortization
    		19,441,000 16,881,000 15,192,000 15,085,000 15,349,000 15,807,000 16,473,000 17,400,000 18,866,000 18,545,000 15,636,000 12,236,000 13,513,000 11,416,000 11,486,000 11,317,000 10,892,000 10,807,000 9,605,000 9,639,000 9,319,000 8,800,000 8,448,000 6,499,000 3,493,000 2,828,000 2,849,000 2,565,000 2,218,000 1,950,000 1,656,000 1,453,000 
      stock-based compensation expense
    		88,031,000 84,640,000 95,494,000 101,538,000 100,096,000 88,396,000 94,632,000 92,774,000 91,305,000 89,579,000 96,472,000 104,277,000 99,050,000 87,024,000 69,580,000 54,053,000 50,396,000 42,546,000 40,537,000 38,728,000 34,907,000 30,036,000 30,405,000 26,022,000 22,618,000 18,671,000 17,864,000 16,437,000 11,499,000 5,309,000 4,429,000 3,436,000 
      amortization of right-of-use assets
    		12,395,000 12,261,000 11,575,000 11,697,000 11,907,000 11,891,000 11,876,000 12,442,000 14,605,000 15,231,000 15,301,000 15,153,000 15,119,000 14,092,000 11,143,000 9,436,000 7,609,000 7,521,000 6,458,000              
      amortization and write-off of content assets
    		52,605,000   70,448,000 50,870,000                            
      foreign currency remeasurement losses
    		  243,000  -1,711,000                            
      change in fair value of strategic investment in convertible promissory notes
    		-2,776,000 -3,184,000 6,284,000 5,569,000                             
      change in fair value of contingent consideration
    		903,000                                
      impairment of assets
    		0 0 2,870,000 0 17,612,000 10,655,000 851,000 34,237,000 230,827,000 0 4,338,000                      
      benefit from doubtful accounts
    		838,000   -1,291,000 -2,263,000    -985,000 1,072,000 1,890,000        -54,000 704,000 -419,000 -272,000 3,788,000 590,000 61,000 -128,000 181,000 121,000 469,000 85,000 201,000 87,000 
      other items
    		-2,310,000 783,000 -425,000 -621,000 -735,000 -741,000 -748,000 -638,000 -648,000 -200,000 -24,000 68,000 77,000 -71,000 -264,000 197,000 -290,000 -39,000 31,000  55,000 304,000 -14,000          
      changes in operating assets and liabilities:
    		                                
      accounts receivable
    		-117,991,000 27,902,000 161,122,000 -81,935,000 -58,635,000 42,963,000 99,500,000 -95,353,000 -12,014,000 -5,178,000 55,608,000 -43,073,000 -5,134,000 -38,355,000 75,675,000 -157,058,000 -8,049,000 -89,269,000 32,608,000 -133,279,000 -84,139,000 -11,086,000 32,458,000 -97,145,000 7,932,000 -29,714,000 8,702,000 -49,304,000 -10,752,000 -17,603,000 26,986,000 -35,652,000 
      inventories
    		-27,987,000 22,602,000 22,974,000 32,942,000 -94,862,000 -1,820,000 -2,402,000 13,352,000 -12,160,000 16,024,000 -2,491,000 12,505,000 -43,175,000 -3,214,000 -22,587,000 25,669,000 -27,949,000 -6,750,000 12,649,000 8,714,000 -17,608,000 -1,023,000 5,736,000 23,817,000 -34,088,000 -6,045,000 2,187,000 33,218,000 -29,372,000 -1,369,000 -5,430,000 2,710,000 
      prepaid expenses and other current assets
    		20,074,000 -8,734,000 -12,381,000 29,653,000 -15,940,000 -31,677,000 6,665,000 -945,000 12,267,000 -1,228,000 4,964,000 -764,000 4,566,000 -3,992,000 -15,751,000 -3,838,000 -33,167,000 -11,234,000 -19,001,000 145,000 1,627,000 8,592,000 -13,814,000 3,704,000 -9,893,000 2,739,000 -8,116,000 -1,663,000 1,048,000 11,952,000 -11,643,000 -3,647,000 
      content assets and liabilities
    		-32,100,000 -48,248,000 -43,113,000 -51,701,000 -50,119,000 -41,167,000 -50,059,000 -75,674,000 -70,959,000 -64,983,000 -55,539,000                      
      other non-current assets
    		995,000 3,074,000 2,790,000 8,227,000 -2,717,000 -12,516,000 -4,763,000 -6,040,000 1,069,000 371,000 4,008,000 72,658,000 -34,398,000 -35,800,000 -9,764,000 -24,408,000 -6,354,000 -11,711,000 -60,484,000              
      accounts payable
    		-6,243,000 -35,124,000 -79,459,000 -52,741,000 50,669,000 -109,525,000 919,000 73,391,000 102,493,000 132,346,000 -60,055,000 -15,360,000 41,421,000 -24,178,000 12,307,000 -6,711,000 -1,294,000 35,290,000 -18,857,000             6,909,000 
      accrued liabilities
    		124,570,000 9,029,000 -57,984,000 24,341,000 80,759,000 42,876,000 -109,591,000 -12,503,000 162,506,000 215,000 -92,504,000 271,775,000 -5,588,000 -53,148,000 -45,513,000 4,075,000 17,661,000 -12,509,000 29,052,000             6,465,000 
      operating lease liabilities
    		-21,815,000 -19,740,000 -18,783,000 -18,069,000 -18,015,000 -15,047,000 -12,704,000 -13,485,000 -8,547,000 -4,157,000 -1,597,000 11,271,000 -4,391,000 -6,932,000 -9,193,000 -5,618,000 3,929,000 -5,958,000 -12,436,000 -5,117,000 5,421,000 -865,000 13,560,000 10,802,000 5,261,000 -1,914,000 -2,491,000      
      other long-term liabilities
    		-659,000 -7,039,000 242,000 1,829,000 1,546,000 150,000 170,000 -399,000 164,000 -983,000 -91,000 -868,000 317,000 197,000 -49,000 -1,301,000 728,000 -1,075,000 548,000 1,451,000 -277,000 -1,722,000 1,166,000 -385,000 -1,442,000 -616,000 -581,000 -560,000 17,000 -440,000 -118,000 -831,000 
      deferred revenue
    		-5,488,000 -9,097,000 10,193,000 14,096,000 -2,773,000 -5,696,000 -1,588,000 5,937,000 -6,382,000 4,597,000 6,689,000 29,518,000 8,277,000 -1,962,000 5,569,000 5,507,000 -2,405,000 645,000 -10,971,000 10,610,000 4,955,000 7,931,000 -1,979,000 5,595,000 -1,581,000 -6,811,000 -7,800,000 13,117,000 333,000 4,089,000 -7,476,000 13,388,000 
      net cash from operating activities
    		127,603,000 109,733,000 138,732,000 79,292,000 68,664,000 23,406,000 46,683,000 16,327,000 245,888,000 147,053,000 -153,412,000 7,353,000 14,389,000 -111,745,000 101,798,000 -25,427,000 108,748,000 48,961,000 95,799,000 47,045,000 21,051,000 34,155,000 45,941,000 -10,580,000 10,253,000 24,738,000 -10,704,000 23,219,000 2,171,000 3,169,000 -14,637,000 6,100,000 
      capex
    		-1,136,000 -1,122,000 -1,931,000 -2,458,000 -1,056,000 -875,000 -672,000 -3,520,000 -6,783,000 -18,073,000 -54,243,000 -65,378,000 -44,109,000 -37,445,000 -14,764,000 0 -14,122,000 -10,181,000 -3,717,000 -6,370,000 -11,903,000 -18,792,000 -45,317,000 -39,126,000 -14,883,000 -18,100,000 -5,071,000 -4,964,000 -4,350,000 -5,606,000 -3,407,000 -2,144,000 
      free cash flows
    		126,467,000 108,611,000 136,801,000 76,834,000 67,608,000 22,531,000 46,011,000 12,807,000 239,105,000 128,980,000 -207,655,000 -58,025,000 -29,720,000 -149,190,000 87,034,000 -25,427,000 94,626,000 38,780,000 92,082,000 40,675,000 9,148,000 15,363,000 624,000 -49,706,000 -4,630,000 6,638,000 -15,775,000 18,255,000 -2,179,000 -2,437,000 -18,044,000 3,956,000 
      cash flows from investing activities:
    		                                
      purchases of property and equipment
    		-1,136,000 -1,122,000 -1,931,000 -2,458,000 -1,056,000 -875,000 -672,000 -3,520,000 -6,783,000 -18,073,000 -54,243,000 -65,378,000 -44,109,000 -37,445,000 -14,764,000  -14,122,000 -10,181,000 -3,717,000              
      purchase of business, net of cash acquired
    		0                               0 
      purchases of strategic investments
    		                                
      purchases of short-term investments
    		                       0 0 0 -12,365,000 -8,906,000     
      repayment of convertible promissory note
    		0                                
      net cash from investing activities
    		-726,136,000 -86,212,000 -8,931,000 -2,458,000 -21,056,000 -875,000 -672,000 -3,520,000 -6,783,000   -65,378,000 -44,109,000 -77,445,000 -14,764,000 -12,021,000 -14,122,000 -44,155,000 -106,521,000 -6,370,000 -11,903,000 -18,792,000 -44,259,000 -113,186,000 -5,383,000 -1,600,000 9,874,000 -4,870,000 -46,250,000 -5,606,000 -3,407,000 -2,669,000 
      cash flows from financing activities:
    		                                
      issuance costs related to credit agreement
    		   -398,000                             
      proceeds from equity issued under incentive plans
    		15,374,000 510,000 2,436,000 399,000 302,000 417,000 8,262,000 4,058,000 13,195,000 613,000 891,000 765,000 5,899,000 8,341,000 3,352,000 5,099,000 3,148,000 3,580,000 6,705,000  5,329,000 3,134,000 2,743,000  5,620,000 9,054,000 10,091,000      
      taxes paid related to net share settlement of equity awards
    		-43,563,000 -33,000,000 -38,508,000 -32,472,000 -22,261,000 -19,417,000 -22,206,000                          
      repurchases of common stock
    		                                
      net cash from financing activities
    		-78,189,000 -32,490,000 -36,072,000 -32,471,000 -23,788,000 -19,000,000 -13,944,000 4,058,000 13,195,000 613,000 -79,109,000 -1,735,000 3,399,000 4,591,000 2,102,000 3,849,000 1,898,000 2,330,000 995,070,000 4,350,000 151,712,000 282,168,000 70,818,000 254,203,000 5,620,000 90,389,000 108,116,000 -455,000 7,582,000 15,854,000 1,544,000 106,901,000 
      net increase in cash, cash equivalents and restricted cash
    		-676,722,000 -8,969,000 93,729,000 44,363,000 23,820,000 3,531,000 32,067,000 16,865,000   -291,764,000 -59,760,000 -26,321,000 -184,599,000 89,136,000 -33,599,000 96,524,000 7,136,000 984,348,000 45,025,000 160,860,000 297,531,000 72,500,000 130,437,000 10,490,000 113,527,000 107,286,000      
      effect of exchange rate changes on cash, cash equivalents and restricted cash
    		-1,063,000 5,689,000 2,188,000 -12,520,000 6,776,000 -1,772,000 -2,230,000 5,618,000 -4,153,000 616,000 573,000 1,365,000 -5,468,000 15,000 -82,000                  
      cash, cash equivalents and restricted cash—beginning of period
    		0 0 2,160,639,000                  0 0 517,333,000  0 0 155,564,000      
      cash, cash equivalents and restricted cash—end of period
    		-677,785,000 -3,280,000 2,256,556,000                  160,860,000 297,531,000 589,833,000  10,490,000 113,527,000 262,850,000      
      foreign currency remeasurement (gains) losses
    		      997,000 -2,012,000 1,709,000 365,000 1,395,000 3,922,000                     
      purchase of strategic investments
    		 0 -7,000,000 0                             
      amortization of content assets
    		  48,044,000    47,891,000 53,051,000 52,487,000 52,912,000 49,402,000 71,234,000 62,624,000 56,045,000 44,452,000 38,990,000 28,487,000 18,275,000 9,818,000              
      benefit from (recoveries of) doubtful accounts
    		  1,285,000    -7,000     1,612,000 2,000 -546,000 1,013,000 576,000 -381,000                
      repayments of borrowings
    		       0 0 0 -80,000,000 -2,500,000 -2,500,000 -3,750,000 -1,250,000 -1,250,000 -1,250,000 -1,250,000 -1,250,000             -25,446,000 
      cash, cash equivalents and restricted cash — beginning of period
    		                                
      cash, cash equivalents and restricted cash — end of period
    		                                
      cash, cash equivalents and restricted cash at end of period:
    		                                
      cash and cash equivalents
    		              2,235,092,000 -33,702,000 96,472,000 5,759,000 2,077,514,000 45,337,000 161,653,000 297,531,000 588,294,000 129,480,000 10,490,000 139,009,000 236,500,000      
      restricted cash, current
    		                                
      cash, cash equivalents and restricted cash —beginning of period
    		    0 0 2,066,604,000 0 0 0 1,961,956,000 0 0 0 2,147,670,000 0 0 0 1,093,249,000              
      cash, cash equivalents and restricted cash —end of period
    		    30,596,000 1,759,000 2,096,441,000 22,483,000 248,147,000 125,209,000 1,670,765,000 -58,395,000 -31,789,000 -184,584,000 2,236,724,000 -33,587,000 96,524,000 7,136,000 2,077,597,000              
      change in fair value of the strategic investment
    		     -3,060,000 -574,000  -644,000                        
      purchase of strategic investment
    		       0 0 -5,000,000 -5,000,000 0 0                    
      change in fair value of strategic investment
    		          -3,210,000 4,088,000                     
      acquisition of businesses, net of cash acquired
    		                                
      proceeds from equity issued under at-the-market offerings, net of offering costs
    		                  989,615,000              
      restricted cash, non-current
    		              1,632,000 115,000 52,000                
      net decrease in cash, cash equivalents and restricted cash
    		                                
      net cash used by investing activities
    		          -59,243,000                      
      impairment of intangible assets
    		                                
      proceeds from escrows associated with acquisition
    		                   0             
      proceeds from borrowings, net of issuance costs
    		                                
      proceeds from equity issued under at-the-market offering, net of issuance costs
    		                                
      deferred cost of revenue
    		                       0 -1,000 592,000 552,000 316,000 -65,000 -80,000 2,090,000 -987,000 
      purchase of property and equipment
    		                   -6,370,000 -11,903,000 -18,792,000 -45,317,000 -39,126,000 -14,883,000 -18,100,000 -5,071,000 -4,964,000 -4,350,000 -5,606,000 -3,407,000 -2,558,000 
      purchase of intangible assets
    		                                
      sales/maturities of short-term investments
    		                       1,500,000 9,500,000 16,500,000 27,310,000 9,000,000     
      acquisitions of businesses, net of cash acquired
    		                0 -33,974,000 -102,804,000              
      proceeds from equity issued under at-the-market offerings, net of issuance costs
    		                0                
      restricted cash
    		                  83,000 -312,000 -793,000 0 1,539,000 986,000 0 -25,482,000 26,350,000      
      other items net
    		                                
      other noncurrent assets
    		                   -1,970,000 -1,253,000 626,000 1,469,000 -3,016,000 -54,000 -675,000 685,000 366,000 235,000 -980,000 -353,000 3,076,000 
      holdback payment for a prior business acquisition
    		                           0     
      proceeds from equity issued under incentive plans, net of repurchases
    		                           -455,000 8,082,000    
      amortization of operating lease right-of-use assets
    		                    6,475,000            
      amortization of content license assets
    		                    4,949,000            
      accounts payable and accrued liabilities
    		                    44,092,000 17,066,000 10,117,000  37,193,000 50,861,000 -18,606,000  35,943,000 -526,000 -18,474,000  
      proceeds from borrowing, net of issuance costs
    		                    0 0 69,325,000          
      repayments made on borrowings
    		                    -1,250,000 -70,575,000 -1,250,000          
      proceeds from equity issued under at-the-market program, net of issuance costs
    		                    147,633,000            
      supplemental disclosures of cash flow information:
    		                                
      cash paid for interest
    		                    680,000 1,051,000 1,067,000  1,255,000 418,000 542,000 38,000 454,000   566,000 
      cash paid for income taxes
    		                    142,000 244,000 238,000  47,000 79,000 557,000 160,000 55,000 169,000 180,000 60,000 
      supplemental disclosures of non-cash investing and financing activities:
    		                                
      unpaid portion of property and equipment purchases
    		                    -252,000 -8,930,000 14,148,000  1,947,000 2,215,000 4,769,000 -211,000 785,000 -417,000 1,460,000  
      unpaid portion of at-the-market offering costs
    		                    -139,000     210,000 249,000      
      non-cash interest expense
    		                        59,000 68,000 344,000      
      amortization of premiums on short-term investments
    		                       -2,000 -15,000 -83,000 -182,000 -193,000     
      proceeds from resolution of purchase acquisition contingencies
    		                     0 1,058,000          
      unpaid portion of purchased intangibles
    		                     0 400,000          
      operating lease right-of-use assets
    		                      9,213,000 8,725,000 5,865,000 4,298,000 3,440,000      
      proceeds from equity issued under at-the-market program, net of offering costs
    		                       151,179,000 0 81,335,000 98,025,000      
      change in fair value of preferred stock warrant liability
    		                               0 
      noncash interest expense
    		                           126,000    116,000 
      (gain) income from exit of facilities and disposal of property and equipment
    		                                
      income from extinguishment of debt
    		                                
      impairment of long-lived assets
    		                                
      change in deposits
    		                                
      proceeds from issuance of common stock pursuant to an initial public offering, net of issuance costs
    		                                
      income from exit of facilities
    		                           670,000 65,000 256,000 129,000 293,000 
      loss on disposals of property and equipment
    		                           0    0 
      write-off of deferred initial public offering costs
    		                                
      payments of costs related to initial public offering
    		                                
      proceeds from borrowings
    		                               0 
      proceeds from issuance of common stock pursuant to an initial public offering, net of issuance costs of 3.1 million
    		                                
      net increase in cash
    		                           17,894,000 -36,497,000 13,417,000 -16,500,000 110,332,000 
      cash and cash equivalents—beginning of period
    		                           0 0    
      cash and cash equivalents—end of period
    		                           17,894,000 -36,497,000    
      supplemental disclosures of noncash investing and financing activities:
    		                                
      fair value of preferred stock warrants reclassified to additional paid in capital
    		                                
      issuance of convertible preferred stock warrants in connection with debt
    		                               0 
      unpaid initial public offering cost
    		                                
      proceeds from exercise of stock options, net of repurchases
    		                              1,544,000 701,000 
      cash—beginning of period
    		                              177,250,000 0 
      cash—end of period
    		                              160,750,000 110,332,000 
      customer b
    		                              10,000  
      customer c
    		                              17,000 2,000 
      customer e
    		                                
      customer g
    		                              11,000  
      proceeds from exercise of preferred stock warrants
    		                                
      proceeds from issuance of convertible preferred stock
    		                                
      issuance costs in connection with issuance of convertible preferred stock
    		                                
      purchases of property and equipment recorded in accounts payable and accrued liabilities
    		                               414,000 
      customer a
    		                                
      due from related parties
    		                                
      unpaid initial public offering costs
    		                                
      customer d
    		                                
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.