Rapid7, Inc(NASDAQ:RPD) 
Rapid7, Inc. provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightVM, a vulnerability risk management solution that is designed to provi...
Website: http://www.rapid7.com
Founded: 2000
Full Time Employees: 1,544
CEO: Corey Eugene Thomas
Sector: Technology
Industry: Software-Application
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At a glance:
- Core business focused on cybersecurity analytics and automation: Rapid7 provides a security platform spanning vulnerability management, detection and response, and security automation, aimed at helping organizations reduce risk and improve incident response.
- Software/SaaS model with emphasis on recurring revenue: The company primarily sells subscription-based offerings, which typically drive recurring revenue streams and are supported by professional services and customer support.
- Operating in a highly competitive cybersecurity market: Rapid7 competes with a range of large platform vendors and specialized security companies, requiring ongoing product innovation and effective go-to-market execution to maintain share.
- Growth drivers tied to security spending and platform consolidation: Demand is influenced by rising cyber threats, regulatory pressure, and enterprise efforts to consolidate security tools into integrated platforms—trends that can support adoption of Rapid7’s offerings.
- Key investor watch items: growth efficiency and profitability trajectory: Common focus areas include subscription growth, customer retention/expansion, operating margin progress, and free cash flow trends, as these indicate scalability and the path toward sustained profitability.
Bull Thesis:
- Growing Demand for Integrated Cybersecurity Solutions: Rapid7's Insight Platform, offering SIEM, vulnerability management, and XDR capabilities, is well-positioned to capitalize on the increasing need for consolidated security operations. Companies are looking to reduce vendor sprawl and improve threat detection and response efficiency, which plays directly into Rapid7's integrated strategy, driving platform adoption and expansion.
- Strong Position in Cloud Security: With its InsightCloudSec offering (formerly DivvyCloud), Rapid7 addresses the critical and rapidly expanding market for cloud security posture management (CSPM) and cloud workload protection (CWPP). As organizations accelerate cloud adoption, the demand for robust, automated cloud security solutions is surging, providing a significant and high-growth revenue vector for Rapid7.
- High Recurring Revenue and Customer Retention: Rapid7 boasts a high percentage of recurring revenue, indicating a stable and predictable revenue stream. Strong customer retention rates and the ability to expand relationships by cross-selling and upselling additional modules within the Insight Platform demonstrate customer satisfaction and the stickiness of their solutions, contributing to long-term value and predictable growth.
Bear Thesis:
- Highly Competitive Cybersecurity Market: Rapid7 operates in an extremely competitive landscape, facing established giants like Splunk, Palo Alto Networks, CrowdStrike, and Microsoft, as well as numerous specialized vendors. This intense competition can lead to pricing pressure, longer sales cycles, and increased customer acquisition costs, potentially hindering market share gains and margin expansion.
- Challenges in Achieving Consistent Profitability and Positive Free Cash Flow: Despite strong revenue growth, Rapid7 has historically struggled to achieve consistent GAAP profitability and robust positive free cash flow. While the company has shown improvements in non-GAAP metrics, sustained negative free cash flow can be a concern for investors, especially in a higher interest rate environment where capital efficiency is increasingly scrutinized.
- Potential Impact of Macroeconomic Slowdown on Spending: While cybersecurity is often considered a resilient spending category, a prolonged macroeconomic downturn could lead to budget tightening, delayed purchasing decisions, or reduced expansion plans among Rapid7's customer base. This could result in slower revenue growth, increased churn, or pressure on average contract values, impacting financial performance.
Main Competitors:
- Tenable Holdings, Inc. ($TENB) (Tenable.io), Directly competes with Rapid7's InsightVM in vulnerability management, offering similar scanning, assessment, and remediation capabilities across IT, cloud, and operational technology (OT) environments. Both aim to help organizations identify and prioritize security weaknesses and manage their attack surface.
- CrowdStrike Holdings, Inc. ($CRWD) (Falcon Platform), Competes with Rapid7's InsightIDR and managed services in endpoint detection and response (EDR), extended detection and response (XDR), cloud security, and managed detection and response (MDR). Both companies aim to provide comprehensive threat detection and response capabilities for security operations teams.
- Palo Alto Networks, Inc. ($PANW) (Prisma Cloud, Cortex XDR), Competes across multiple Rapid7 domains, including cloud security posture management (CSPM) with Prisma Cloud (against InsightCloudSec) and extended detection and response (XDR) with Cortex XDR (against InsightIDR). Palo Alto Networks offers a broader, integrated security platform often targeting larger enterprises.
- Microsoft Corporation ($MSFT) (Microsoft Defender for Cloud, Microsoft Sentinel), Competes broadly across cloud security (Defender for Cloud vs. InsightCloudSec), SIEM/XDR (Sentinel vs. InsightIDR), and endpoint security (Defender for Endpoint). Microsoft leverages its vast enterprise footprint and cloud platform integration to offer comprehensive security solutions, often as part of a larger ecosystem.
Moat:
Rapid7 operates in a highly competitive and dynamic cybersecurity market, facing rivals ranging from specialized point solution providers to large, integrated security vendors. Its primary competitive advantages often stem from its unified Insight Platform, which aims to simplify security operations through integrated vulnerability management, SIEM/XDR, cloud security, and managed services. Rapid7's moat is built on its ability to consolidate diverse security functions, provide actionable insights, and offer a strong managed service component, particularly appealing to organizations seeking to streamline their security posture and response capabilities against evolving threats. Competition is intense, driven by continuous innovation, platform integration, and the ability to address the rapidly changing threat landscape and cloud adoption.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||||||||||||||||||||||||||
product subscriptions | 204,049,000 | 209,147,000 | 210,146,000 | 208,097,000 | 203,935,000 | 206,328,000 | 205,593,000 | 200,067,000 | 196,918,000 | |||||||||||||||||||||||||||||||||||
professional services | 5,642,000 | 8,241,000 | 7,814,000 | 6,096,000 | 6,318,000 | 9,933,000 | 9,061,000 | 7,924,000 | 8,183,000 | 10,449,000 | 8,967,000 | 8,721,000 | 9,402,000 | 11,587,000 | 9,269,000 | 8,333,000 | 8,359,000 | 10,376,000 | 8,745,000 | 7,274,000 | 8,166,000 | 8,775,000 | 6,516,000 | 6,482,000 | 6,791,000 | 8,651,000 | 6,679,000 | 6,380,000 | 7,340,000 | 8,104,000 | 7,922,000 | 8,788,000 | 8,483,000 | 11,245,000 | 9,241,000 | 8,937,000 | 8,501,000 | 9,973,000 | 7,537,000 | 6,850,000 | 6,270,000 | 6,121,000 | 5,070,000 | 4,898,000 |
total revenue | 209,691,000 | 217,388,000 | 217,960,000 | 214,193,000 | 210,253,000 | 216,261,000 | 214,654,000 | 207,991,000 | 205,101,000 | 205,268,000 | 198,843,000 | 190,422,000 | 183,174,000 | 184,479,000 | 175,765,000 | 167,455,000 | 157,384,000 | 151,638,000 | 139,894,000 | 126,421,000 | 117,451,000 | 113,159,000 | 105,075,000 | 98,912,000 | 94,340,000 | 91,648,000 | 83,155,000 | 78,959,000 | 73,185,000 | 68,770,000 | 62,365,000 | 58,441,000 | 54,515,000 | 57,731,000 | 50,521,000 | 47,443,000 | 45,245,000 | 45,034,000 | 40,339,000 | 37,268,000 | 34,796,000 | 32,853,000 | 28,312,000 | 25,790,000 |
yoy | -0.27% | 0.52% | 1.54% | 2.98% | 2.51% | 5.36% | 7.95% | 9.23% | 11.97% | 11.27% | 13.13% | 13.72% | 16.39% | 21.66% | 25.64% | 32.46% | 34.00% | 34.00% | 33.14% | 27.81% | 24.50% | 23.47% | 26.36% | 25.27% | 28.91% | 33.27% | 33.34% | 35.11% | 34.25% | 19.12% | 23.44% | 23.18% | 20.49% | 28.19% | 25.24% | 27.30% | 30.03% | 37.08% | 42.48% | 44.51% | ||||
qoq | -3.54% | -0.26% | 1.76% | 1.87% | -2.78% | 0.75% | 3.20% | 1.41% | -0.08% | 3.23% | 4.42% | 3.96% | -0.71% | 4.96% | 4.96% | 6.40% | 3.79% | 8.39% | 10.66% | 7.64% | 3.79% | 7.69% | 6.23% | 4.85% | 2.94% | 10.21% | 5.31% | 7.89% | 6.42% | 10.27% | 6.71% | 7.20% | -5.57% | 14.27% | 6.49% | 4.86% | 0.47% | 11.64% | 8.24% | 7.10% | 5.91% | 16.04% | 9.78% | |
cost of revenue: | ||||||||||||||||||||||||||||||||||||||||||||
total cost of revenue | 64,749,000 | 67,517,000 | 64,984,000 | 63,059,000 | 59,480,000 | 66,267,000 | 63,017,000 | 60,848,000 | 60,903,000 | 59,748,000 | 57,830,000 | 58,164,000 | 55,999,000 | 54,935,000 | 53,850,000 | 54,275,000 | 51,289,000 | 49,880,000 | 43,470,000 | 39,308,000 | 36,289,000 | 33,694,000 | 31,028,000 | 29,081,000 | 27,714,000 | 25,362,000 | 23,630,000 | 22,181,000 | 19,973,000 | 19,286,000 | 17,810,000 | 17,393,000 | 16,594,000 | 17,200,000 | 14,367,000 | 13,079,000 | 12,264,000 | 11,682,000 | 10,038,000 | 9,293,000 | 8,712,000 | 8,962,000 | 7,063,000 | 6,727,000 |
total gross profit | 144,942,000 | 149,871,000 | 152,976,000 | 151,134,000 | 150,773,000 | 149,994,000 | 151,637,000 | 147,143,000 | 144,198,000 | 145,520,000 | 141,013,000 | 132,258,000 | 127,175,000 | 129,544,000 | 121,915,000 | 113,180,000 | 106,095,000 | 101,758,000 | 96,424,000 | 87,113,000 | 81,162,000 | 79,465,000 | 74,047,000 | 69,831,000 | 66,626,000 | 66,286,000 | 59,525,000 | 56,778,000 | 53,212,000 | 49,484,000 | 44,555,000 | 41,048,000 | 37,921,000 | 40,531,000 | 36,154,000 | 34,364,000 | 32,981,000 | 33,352,000 | 30,301,000 | 27,975,000 | 26,084,000 | 23,891,000 | 21,249,000 | 19,063,000 |
yoy | -3.87% | -0.08% | 0.88% | 2.71% | 4.56% | 3.07% | 7.53% | 11.25% | 13.39% | 12.33% | 15.67% | 16.86% | 19.87% | 27.31% | 26.44% | 29.92% | 30.72% | 28.05% | 30.22% | 24.75% | 21.82% | 19.88% | 24.40% | 22.99% | 25.21% | 33.95% | 33.60% | 38.32% | 40.32% | 22.09% | 23.24% | 19.45% | 14.98% | 21.52% | 19.32% | 22.84% | 26.44% | 39.60% | 42.60% | 46.75% | ||||
qoq | -3.29% | -2.03% | 1.22% | 0.24% | 0.52% | -1.08% | 3.05% | 2.04% | -0.91% | 3.20% | 6.62% | 4.00% | -1.83% | 6.26% | 7.72% | 6.68% | 4.26% | 5.53% | 10.69% | 7.33% | 2.14% | 7.32% | 6.04% | 4.81% | 0.51% | 11.36% | 4.84% | 6.70% | 7.53% | 11.06% | 8.54% | 8.25% | -6.44% | 12.11% | 5.21% | 4.19% | -1.11% | 10.07% | 8.31% | 7.25% | 9.18% | 12.43% | 11.47% | |
gross margin % | 69.12% | 68.94% | 70.19% | 70.56% | 71.71% | 69.36% | 70.64% | 70.74% | 70.31% | 70.89% | 70.92% | 69.46% | 69.43% | 70.22% | 69.36% | 67.59% | 67.41% | 67.11% | 68.93% | 68.91% | 69.10% | 70.22% | 70.47% | 70.60% | 70.62% | 72.33% | 71.58% | 71.91% | 72.71% | 71.96% | 71.44% | 70.24% | 69.56% | 70.21% | 71.56% | 72.43% | 72.89% | 74.06% | 75.12% | 75.06% | 74.96% | 72.72% | 75.05% | 73.92% |
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||
research and development | 48,354,000 | 48,631,000 | 46,914,000 | 47,227,000 | 47,888,000 | 47,515,000 | 44,565,000 | 40,056,000 | 40,990,000 | 39,728,000 | 39,940,000 | 50,762,000 | 46,346,000 | 42,629,000 | 48,622,000 | 48,907,000 | 49,812,000 | 48,514,000 | 43,880,000 | 35,305,000 | 33,080,000 | 29,737,000 | 28,509,000 | 26,120,000 | 24,202,000 | 21,719,000 | 20,154,000 | 19,626,000 | 17,865,000 | 17,828,000 | 17,111,000 | 16,082,000 | 16,722,000 | 14,102,000 | 13,570,000 | 11,873,000 | 11,393,000 | 11,065,000 | 11,616,000 | 12,932,000 | 12,342,000 | 14,256,000 | 9,945,000 | 8,131,000 |
sales and marketing | 78,934,000 | 79,722,000 | 79,296,000 | 79,247,000 | 79,400,000 | 73,688,000 | 74,521,000 | 77,795,000 | 72,805,000 | 73,314,000 | 75,699,000 | 83,036,000 | 80,587,000 | 78,261,000 | 75,968,000 | 78,034,000 | 75,146,000 | 73,189,000 | 63,041,000 | 56,246,000 | 54,978,000 | 54,429,000 | 48,448,000 | 44,959,000 | 48,145,000 | 44,508,000 | 39,904,000 | 38,172,000 | 35,138,000 | 32,531,000 | 30,570,000 | 31,157,000 | 29,052,000 | 31,427,000 | 28,224,000 | 27,132,000 | 24,810,000 | 24,792,000 | 21,284,000 | 21,680,000 | 22,768,000 | 23,413,000 | 16,265,000 | 14,457,000 |
general and administrative | 18,212,000 | 19,246,000 | 20,863,000 | 21,166,000 | 23,586,000 | 25,165,000 | 18,590,000 | 22,412,000 | 19,835,000 | 19,315,000 | 17,866,000 | 22,888,000 | 24,207,000 | 22,002,000 | 20,561,000 | 20,890,000 | 21,516,000 | 20,762,000 | 23,818,000 | 17,488,000 | 16,220,000 | 15,930,000 | 15,006,000 | 14,484,000 | 14,099,000 | 12,374,000 | 11,223,000 | 11,160,000 | 9,953,000 | 9,937,000 | 8,175,000 | 8,149,000 | 8,732,000 | 8,387,000 | 7,402,000 | 7,256,000 | 7,248,000 | 7,440,000 | 7,605,000 | 6,644,000 | 6,593,000 | 7,093,000 | 5,537,000 | 5,048,000 |
total operating expenses | 145,500,000 | 147,599,000 | 147,073,000 | 147,640,000 | 150,874,000 | 146,368,000 | 137,676,000 | 140,263,000 | 133,630,000 | 134,588,000 | 157,054,000 | 183,917,000 | 151,140,000 | 142,892,000 | 145,151,000 | 147,831,000 | 146,474,000 | 142,465,000 | 130,739,000 | 109,039,000 | 104,278,000 | 100,096,000 | 91,963,000 | 85,563,000 | 86,446,000 | 78,601,000 | 71,281,000 | 68,958,000 | 62,956,000 | 60,296,000 | 55,856,000 | 55,388,000 | 54,506,000 | 53,916,000 | 49,196,000 | 46,261,000 | 43,451,000 | 43,297,000 | 40,505,000 | 41,256,000 | 41,703,000 | 44,762,000 | 31,747,000 | 27,636,000 |
income from operations | -558,000 | 2,272,000 | 5,903,000 | 3,494,000 | -101,000 | 3,626,000 | 13,961,000 | 6,880,000 | 10,568,000 | 10,932,000 | -16,041,000 | -51,659,000 | -23,965,000 | -13,348,000 | -23,236,000 | -34,651,000 | -40,379,000 | -40,707,000 | -34,315,000 | -21,926,000 | -23,116,000 | -20,631,000 | -17,916,000 | -15,732,000 | -19,820,000 | -12,315,000 | -11,756,000 | -12,180,000 | -9,744,000 | -10,812,000 | -11,301,000 | -14,340,000 | -16,585,000 | -13,385,000 | -13,042,000 | -11,897,000 | -10,470,000 | -9,945,000 | -10,204,000 | -13,281,000 | -15,619,000 | -20,871,000 | -10,498,000 | -8,573,000 |
yoy | 452.48% | -37.34% | -57.72% | -49.22% | -100.96% | -66.83% | -187.03% | -113.32% | -144.10% | -181.90% | -30.96% | 49.08% | -40.65% | -67.21% | -32.29% | 58.04% | 74.68% | 97.31% | 91.53% | 39.37% | 16.63% | 67.53% | 52.40% | 29.16% | 103.41% | 13.90% | 4.03% | -15.06% | -41.25% | -19.22% | -13.35% | 20.53% | 58.40% | 34.59% | 27.81% | -10.42% | -32.97% | -52.35% | -2.80% | 54.92% | ||||
qoq | -124.56% | -61.51% | 68.95% | -3559.41% | -102.79% | -74.03% | 102.92% | -34.90% | -3.33% | -168.15% | -68.95% | 115.56% | 79.54% | -42.55% | -32.94% | -14.19% | -0.81% | 18.63% | 56.50% | -5.15% | 12.04% | 15.15% | 13.88% | -20.63% | 60.94% | 4.76% | -3.48% | 25.00% | -9.88% | -4.33% | -21.19% | -13.54% | 23.91% | 2.63% | 9.62% | 13.63% | 5.28% | -2.54% | -23.17% | -14.97% | -25.16% | 98.81% | 22.45% | |
operating margin % | -0.27% | 1.05% | 2.71% | 1.63% | -0.05% | 1.68% | 6.50% | 3.31% | 5.15% | 5.33% | -8.07% | -27.13% | -13.08% | -7.24% | -13.22% | -20.69% | -25.66% | -26.84% | -24.53% | -17.34% | -19.68% | -18.23% | -17.05% | -15.91% | -21.01% | -13.44% | -14.14% | -15.43% | -13.31% | -15.72% | -18.12% | -24.54% | -30.42% | -23.19% | -25.82% | -25.08% | -23.14% | -22.08% | -25.30% | -35.64% | -44.89% | -63.53% | -37.08% | -33.24% |
other income, net: | ||||||||||||||||||||||||||||||||||||||||||||
interest income | 5,612,000 | 5,580,000 | 6,167,000 | 5,514,000 | 5,758,000 | 5,551,000 | 5,571,000 | 5,221,000 | 4,720,000 | 4,177,000 | 2,545,000 | 1,787,000 | 1,668,000 | 960,000 | 498,000 | 243,000 | 112,000 | 63,000 | 84,000 | 122,000 | 96,000 | 111,000 | 87,000 | 208,000 | 1,048,000 | 1,253,000 | 1,448,000 | 1,582,000 | 1,731,000 | 1,709,000 | 813,000 | 464,000 | 241,000 | 190,000 | 198,000 | 218,000 | 169,000 | 76,000 | 44,000 | 26,000 | -15,000 | -34,000 | -1,067,000 | -737,000 |
interest expense | -2,498,000 | -2,570,000 | -2,585,000 | -2,627,000 | -2,654,000 | -2,783,000 | -2,837,000 | -2,673,000 | -2,670,000 | -2,695,000 | -56,515,000 | -2,773,000 | -2,717,000 | -2,782,000 | -2,749,000 | -2,758,000 | -2,693,000 | -2,877,000 | -2,962,000 | -3,059,000 | -5,394,000 | -7,430,000 | -7,328,000 | -5,917,000 | -3,462,000 | -3,449,000 | -3,399,000 | -3,312,000 | -3,229,000 | -3,253,000 | -1,679,000 | |||||||||||||
other income | -726,000 | 444,000 | -173,000 | 3,957,000 | 1,802,000 | 170,250 | 2,811,000 | -1,435,000 | 3,571,000 | -4,518,000 | -13,268,000 | -307,000 | 3,689,000 | -2,205,000 | -2,403,000 | -603,000 | -704,000 | -299,000 | 148,000 | -1,068,000 | 13,000 | 143,000 | 210,000 | -447,000 | 294,000 | -492,000 | -29,000 | -206,000 | -269,000 | 181,000 | -326,000 | 78,000 | -36,000 | 235,000 | 229,000 | -115,000 | -293,000 | 36,000 | -48,000 | 196,000 | -87,000 | -49,000 | 163,000 | |
income before income taxes | 1,830,000 | 5,726,000 | 9,312,000 | 10,338,000 | 4,805,000 | 2,033,000 | 19,506,000 | 8,733,000 | 11,183,000 | 15,985,000 | -74,529,000 | -65,913,000 | -25,321,000 | -11,481,000 | -27,692,000 | -39,569,000 | -43,563,000 | -44,225,000 | -37,492,000 | -24,715,000 | -29,482,000 | -27,937,000 | -25,014,000 | -21,231,000 | -22,681,000 | -14,217,000 | -14,199,000 | -13,939,000 | -11,448,000 | -12,625,000 | -11,986,000 | -14,202,000 | -16,266,000 | -13,231,000 | -12,609,000 | -11,450,000 | -10,416,000 | -10,162,000 | -10,124,000 | -13,303,000 | -15,438,000 | -20,992,000 | -11,614,000 | -9,147,000 |
provision for income taxes | 700,000 | 2,597,000 | -497,000 | 2,000,000 | 2,700,000 | 3,514,000 | 2,952,000 | 538,000 | 8,925,000 | -4,063,000 | 2,082,000 | 869,000 | 594,000 | -96,000 | 1,035,000 | 37,000 | 1,436,000 | 400,000 | 208,000 | 9,449,000 | 363,000 | 981,000 | 527,000 | 235,000 | 243,000 | 129,000 | 207,000 | -519,000 | 225,000 | 395,000 | -155,000 | 131,000 | 95,000 | -227,000 | -2,325,000 | 187,000 | 129,000 | 90,250 | 70,000 | 149,000 | 142,000 | 95,500 | 211,000 | 97,000 |
net income | 1,130,000 | 3,129,000 | 9,809,000 | 8,338,000 | 2,105,000 | -1,481,000 | 16,554,000 | 8,195,000 | 2,258,000 | 20,048,000 | -76,611,000 | -66,782,000 | -25,915,000 | -11,385,000 | -28,727,000 | -39,606,000 | -44,999,000 | -44,625,000 | -37,700,000 | -34,164,000 | -29,845,000 | -28,918,000 | -25,541,000 | -21,466,000 | -22,924,000 | -14,346,000 | -14,406,000 | -13,420,000 | -11,673,000 | -13,020,000 | -11,831,000 | -14,333,000 | -16,361,000 | -13,004,000 | -10,284,000 | -11,637,000 | -10,545,000 | -9,774,000 | -10,194,000 | -13,452,000 | -15,580,000 | -21,106,000 | -11,825,000 | -9,244,000 |
yoy | -46.32% | -311.28% | -40.75% | 1.74% | -6.78% | -107.39% | -121.61% | -112.27% | -108.71% | -276.09% | 166.69% | 68.62% | -42.41% | -74.49% | -23.80% | 15.93% | 50.78% | 54.32% | 47.61% | 59.15% | 30.19% | 101.58% | 77.29% | 59.96% | 96.38% | 10.18% | 21.76% | -6.37% | -28.65% | 0.12% | 15.04% | 23.17% | 55.15% | 33.05% | 0.88% | -13.49% | -32.32% | -53.69% | -13.79% | 45.52% | ||||
qoq | -63.89% | -68.10% | 17.64% | 296.10% | -242.13% | -108.95% | 102.00% | 262.93% | -88.74% | -126.17% | 14.72% | 157.70% | 127.62% | -60.37% | -27.47% | -11.98% | 0.84% | 18.37% | 10.35% | 14.47% | 3.21% | 13.22% | 18.98% | -6.36% | 59.79% | -0.42% | 7.35% | 14.97% | -10.35% | 10.05% | -17.46% | -12.40% | 25.82% | 26.45% | -11.63% | 10.36% | 7.89% | -4.12% | -24.22% | -13.66% | -26.18% | 78.49% | 27.92% | |
net income margin % | 0.54% | 1.44% | 4.50% | 3.89% | 1.00% | -0.68% | 7.71% | 3.94% | 1.10% | 9.77% | -38.53% | -35.07% | -14.15% | -6.17% | -16.34% | -23.65% | -28.59% | -29.43% | -26.95% | -27.02% | -25.41% | -25.56% | -24.31% | -21.70% | -24.30% | -15.65% | -17.32% | -17.00% | -15.95% | -18.93% | -18.97% | -24.53% | -30.01% | -22.53% | -20.36% | -24.53% | -23.31% | -21.70% | -25.27% | -36.10% | -44.78% | -64.24% | -41.77% | -35.84% |
net income per share | 0.02 | 0.05 | 0.15 | 0.13 | 0.03 | -0.02 | 0.26 | 0.13 | 0.04 | 0.34 | -1.25 | -1.1 | -0.43 | -0.18 | -0.49 | -0.68 | -0.78 | -0.79 | -0.67 | -0.62 | -0.56 | -0.56 | -0.5 | -0.42 | -0.46 | -0.28 | -0.29 | -0.28 | -0.24 | -0.28 | -0.25 | -0.31 | -0.36 | -0.3 | -0.24 | -0.27 | -0.25 | -0.23 | -0.25 | -0.33 | -0.38 | -0.01 | -0.79 | -2.59 |
weighted-average common shares outstanding, basic | 66,174,341 | 64,727,551 | 64,967,114 | 64,441,000 | 63,835,945 | 62,607,583 | 62,898,078 | 62,496,289 | 61,907,808 | 33,020,484 | ||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding, diluted | 66,904,992 | 65,001,955 | 65,181,941 | 64,696,992 | 64,224,415 | 63,183,651 | 74,537,085 | 74,250,360 | 74,021,704 | 33,020,484 | ||||||||||||||||||||||||||||||||||
other expense, net: | ||||||||||||||||||||||||||||||||||||||||||||
impairment of long-lived assets | 3,553,000 | 27,231,000 | ||||||||||||||||||||||||||||||||||||||||||
restructuring | 2,231,000 | 19,996,000 | ||||||||||||||||||||||||||||||||||||||||||
other expense | -695,000 | |||||||||||||||||||||||||||||||||||||||||||
products | 194,819,000 | 189,876,000 | 181,701,000 | 173,772,000 | 172,892,000 | 166,496,000 | 159,122,000 | 149,025,000 | 141,262,000 | 131,149,000 | 119,147,000 | 109,285,000 | 104,384,000 | 98,559,000 | 92,430,000 | 87,549,000 | 74,326,000 | 67,298,000 | 63,207,000 | 56,288,000 | 50,420,000 | 43,829,000 | 39,043,000 | 35,279,000 | 34,012,000 | 29,626,000 | 27,168,000 | 25,942,000 | 24,695,000 | 23,108,000 | 21,456,000 | 20,145,000 | 18,883,000 | 16,240,000 | 14,639,000 | |||||||||
weighted-average common shares outstanding, basic and diluted | 60,756,087 | 61,065,157 | 60,470,396 | 59,888,119 | 58,552,065 | 58,730,651 | 58,239,958 | 57,724,821 | 55,270,998 | 55,976,671 | 55,392,383 | 52,904,881 | 51,036,824 | 51,293,210 | 50,695,706 | 50,127,310 | 48,731,791 | 49,020,449 | 48,451,562 | 47,827,939 | 46,456,825 | 46,914,077 | 46,279,947 | 45,210,250 | 42,952,950 | 43,279,025 | 42,681,287 | 42,016,831 | 41,248,473 | 41,482,173 | 41,063,613 | 40,547,669 | 24,740,480 | 12,745,051 | ||||||||||
maintenance and support | 8,671,000 | 9,178,000 | 9,372,000 | 9,557,000 | 10,246,000 | 10,614,000 | 10,610,000 | 10,753,000 | 12,474,000 | 11,654,000 | 11,338,000 | 10,802,000 | 10,366,000 | 9,694,000 | 8,962,000 | 8,381,000 | 7,849,000 | 7,002,000 | 6,253,000 | |||||||||||||||||||||||||
accretion of preferred stock to redemption value | -23,788,000 | |||||||||||||||||||||||||||||||||||||||||||
beneficial conversion charge relating to ipo participation payment | -14,161,000 | |||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -9,774,000 | -10,194,000 | -13,452,000 | -15,580,000 | ||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | -21,106,000 | -25,986,000 | ||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders, basic and diluted | -33,032,000 | |||||||||||||||||||||||||||||||||||||||||||
pro forma net loss per share attributable to common stockholders, basic and diluted | -0.6 | |||||||||||||||||||||||||||||||||||||||||||
pro forma weighted-average common shares outstanding, basic and diluted | 38,797,656 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 343,291,000 | 246,664,000 | 130,613,000 | 261,327,000 | 291,462,000 | 334,686,000 | 222,571,000 | 236,975,000 | 198,716,000 | 213,629,000 | 182,727,000 | 185,929,000 | 205,757,000 | 207,287,000 | 168,353,000 | 163,469,000 | 141,365,000 | 164,582,000 | 227,104,000 | 493,568,000 | 503,804,000 | 173,617,000 | 239,409,000 | 279,343,000 | 204,434,000 | 123,413,000 | 114,925,000 | 126,569,000 | 89,869,000 | 99,565,000 | 131,160,000 | 100,731,000 | 99,646,000 | 51,562,000 | 49,055,000 | 53,068,000 | 50,662,000 | 53,148,000 | 87,715,000 | |||||
short-term investments | 326,967,000 | 228,006,000 | 276,515,000 | 250,410,000 | 202,011,000 | 187,025,000 | 221,122,000 | 205,671,000 | 213,001,000 | 169,544,000 | 139,434,000 | 107,573,000 | 56,483,000 | 84,162,000 | 83,231,000 | 76,244,000 | 93,155,000 | 58,850,000 | 77,145,000 | 114,284,000 | 101,996,000 | 138,839,000 | 81,209,000 | 36,313,000 | 36,384,000 | 116,158,000 | 131,815,000 | 119,138,000 | 161,600,000 | 159,210,000 | 140,633,000 | 13,983,000 | 29,630,000 | 39,178,000 | 34,825,000 | 31,213,000 | 28,561,000 | 18,779,000 | ||||||
accounts receivable | 135,128,000 | 167,017,000 | 141,339,000 | 150,683,000 | 140,541,000 | 168,242,000 | 141,891,000 | 143,671,000 | 124,595,000 | 164,862,000 | 137,690,000 | 136,300,000 | 116,683,000 | 152,045,000 | 121,017,000 | 124,701,000 | 107,320,000 | 146,094,000 | 96,775,000 | 98,483,000 | 76,714,000 | 111,599,000 | 73,625,000 | 76,823,000 | 64,388,000 | 87,927,000 | 62,422,000 | 69,289,000 | 59,707,000 | 74,935,000 | 53,771,000 | 48,476,000 | 38,718,000 | 73,661,000 | 48,690,000 | 47,560,000 | 33,703,000 | 38,286,000 | 38,663,000 | 31,969,000 | 26,363,000 | |||
deferred contract acquisition and fulfillment costs, current portion | 47,342,000 | 48,370,000 | 47,557,000 | 49,292,000 | 50,667,000 | 52,134,000 | 49,710,000 | 48,880,000 | 47,003,000 | 45,008,000 | 40,909,000 | 38,661,000 | 36,171,000 | 34,906,000 | 33,307,000 | 31,367,000 | 30,984,000 | 29,974,000 | 25,863,000 | 23,960,000 | 22,598,000 | 21,536,000 | 19,269,000 | 18,439,000 | 17,486,000 | 17,047,000 | 14,905,000 | 13,851,000 | 12,994,000 | 12,321,000 | 10,376,000 | 9,481,000 | 8,583,000 | |||||||||||
prepaid expenses and other current assets | 47,617,000 | 47,230,000 | 39,001,000 | 42,805,000 | 47,964,000 | 44,024,000 | 37,328,000 | 39,194,000 | 42,552,000 | 41,407,000 | 35,087,000 | 56,463,000 | 39,527,000 | 31,907,000 | 33,402,000 | 34,221,000 | 38,051,000 | 33,236,000 | 27,079,000 | 27,555,000 | 28,943,000 | 27,844,000 | 20,521,000 | 20,708,000 | 19,624,000 | 20,051,000 | 15,827,000 | 15,416,000 | 15,773,000 | 9,746,000 | 11,616,000 | 13,212,000 | 12,232,000 | 8,877,000 | 8,747,000 | 8,892,000 | 7,742,000 | 9,152,000 | 6,705,000 | 7,183,000 | 6,618,000 | 6,148,000 | 4,165,000 | 6,297,000 |
total current assets | 900,345,000 | 737,287,000 | 635,025,000 | 754,517,000 | 732,645,000 | 786,111,000 | 672,622,000 | 674,391,000 | 625,867,000 | 634,450,000 | 535,847,000 | 524,926,000 | 454,621,000 | 510,307,000 | 439,310,000 | 430,002,000 | 410,875,000 | 432,736,000 | 453,966,000 | 757,850,000 | 734,055,000 | 473,435,000 | 434,033,000 | 431,626,000 | 342,316,000 | 364,596,000 | 339,894,000 | 344,263,000 | 339,943,000 | 355,777,000 | 347,556,000 | 185,883,000 | 188,809,000 | 173,278,000 | 141,317,000 | 140,733,000 | 120,668,000 | 130,233,000 | 132,706,000 | 130,601,000 | 119,943,000 | 136,865,000 | 160,118,000 | 59,660,000 |
long-term investments | 184,119,000 | 227,418,000 | 88,012,000 | 99,136,000 | 37,274,000 | 60,382,000 | 51,434,000 | 52,454,000 | 56,171,000 | 50,603,000 | 2,437,000 | 7,343,000 | 9,756,000 | 16,707,000 | 14,330,000 | 28,295,000 | 34,068,000 | 5,364,000 | 5,377,000 | 11,133,000 | 10,124,000 | 10,813,000 | 5,365,000 | 12,804,000 | 22,887,000 | 10,997,000 | 18,680,000 | 33,613,000 | 44,892,000 | 39,275,000 | 3,929,000 | 1,096,000 | 1,102,000 | 1,110,000 | 8,799,000 | 16,803,000 | 20,162,000 | |||||||
property and equipment | 30,492,000 | 31,990,000 | 31,966,000 | 29,639,000 | 31,659,000 | 32,245,000 | 33,936,000 | 34,884,000 | 37,266,000 | 39,642,000 | 42,449,000 | 47,104,000 | 56,638,000 | 57,891,000 | 55,002,000 | 50,533,000 | 49,804,000 | 50,225,000 | 49,034,000 | 49,431,000 | 51,141,000 | 53,114,000 | 50,305,000 | 48,904,000 | 50,075,000 | 50,670,000 | 51,519,000 | 51,860,000 | 32,771,000 | 17,523,000 | 11,859,000 | 11,184,000 | 9,238,000 | 8,589,000 | 7,995,000 | 8,287,000 | 8,010,000 | 8,088,000 | 8,009,000 | 7,386,000 | 7,611,000 | 7,532,000 | 7,356,000 | 7,607,000 |
operating lease right-of-use assets | 44,250,000 | 45,485,000 | 47,536,000 | 43,654,000 | 46,404,000 | 48,877,000 | 50,756,000 | 50,645,000 | 53,036,000 | 54,693,000 | 53,275,000 | 56,817,000 | 77,420,000 | 79,342,000 | 85,250,000 | 84,937,000 | 89,196,000 | 83,751,000 | 62,105,000 | 63,472,000 | 64,965,000 | 67,178,000 | 69,797,000 | 72,005,000 | 62,942,000 | 60,984,000 | 61,217,000 | 59,417,000 | 15,888,000 | |||||||||||||||
deferred contract acquisition and fulfillment costs, non-current portion | 65,554,000 | 66,978,000 | 64,109,000 | 66,714,000 | 69,843,000 | 73,672,000 | 72,392,000 | 74,693,000 | 75,287,000 | 76,601,000 | 71,654,000 | 70,377,000 | 69,144,000 | 68,169,000 | 61,857,000 | 60,878,000 | 59,121,000 | 57,191,000 | 48,548,000 | 46,132,000 | 43,997,000 | 43,103,000 | 37,269,000 | 35,815,000 | 34,289,000 | 34,213,000 | 30,452,000 | 29,275,000 | 28,054,000 | 27,634,000 | 23,174,000 | 22,214,000 | 20,295,000 | |||||||||||
goodwill | 593,334,000 | 575,268,000 | 575,268,000 | 575,268,000 | 575,268,000 | 575,268,000 | 575,165,000 | 536,351,000 | 536,351,000 | 536,351,000 | 536,305,000 | 536,326,000 | 538,037,000 | 515,631,000 | 515,631,000 | 515,631,000 | 515,333,000 | 515,258,000 | 515,297,000 | 254,418,000 | 253,324,000 | 213,601,000 | 213,727,000 | 213,686,000 | 97,866,000 | 97,866,000 | 97,866,000 | 97,866,000 | 88,420,000 | 88,420,000 | 83,164,000 | 83,164,000 | 83,164,000 | 83,164,000 | 83,170,000 | 75,110,000 | 75,110,000 | 75,110,000 | 75,110,000 | 75,048,000 | 74,943,000 | 74,565,000 | 15,847,000 | 15,758,000 |
intangible assets | 67,567,000 | 65,105,000 | 69,877,000 | 74,981,000 | 79,763,000 | 85,719,000 | 90,748,000 | 84,019,000 | 88,844,000 | 94,546,000 | 99,993,000 | 104,698,000 | 111,432,000 | 101,269,000 | 103,660,000 | 105,785,000 | 108,246,000 | 111,591,000 | 115,746,000 | 54,179,000 | 52,708,000 | 44,296,000 | 45,942,000 | 47,706,000 | 27,867,000 | 28,561,000 | 29,183,000 | 29,726,000 | 23,979,000 | 23,955,000 | 16,023,000 | 16,002,000 | 16,316,000 | 16,640,000 | 17,208,000 | 8,294,000 | 8,460,000 | 8,946,000 | 9,450,000 | 10,219,000 | 10,802,000 | 11,385,000 | 2,482,000 | 2,767,000 |
other assets | 18,101,000 | 20,232,000 | 15,208,000 | 15,955,000 | 10,092,000 | 12,868,000 | 18,530,000 | 20,176,000 | 19,368,000 | 12,894,000 | 9,174,000 | 12,974,000 | 14,824,000 | 16,626,000 | 18,132,000 | 23,452,000 | 13,000,000 | 11,191,000 | 10,820,000 | 9,450,000 | 11,370,000 | 8,271,000 | 4,931,000 | 5,304,000 | 5,518,000 | 5,136,000 | 5,466,000 | 5,192,000 | 1,238,000 | 1,168,000 | 906,000 | 1,395,000 | 1,552,000 | 1,363,000 | 640,000 | 630,000 | 720,000 | 764,000 | 760,000 | 598,000 | 481,000 | 214,000 | 735,000 | 682,000 |
total assets | 1,719,643,000 | 1,726,464,000 | 1,666,407,000 | 1,648,740,000 | 1,644,810,000 | 1,652,034,000 | 1,574,531,000 | 1,526,593,000 | 1,488,473,000 | 1,505,348,000 | 1,399,300,000 | 1,355,659,000 | 1,329,459,000 | 1,358,991,000 | 1,295,549,000 | 1,285,548,000 | 1,273,870,000 | 1,296,011,000 | 1,260,880,000 | 1,240,309,000 | 1,222,693,000 | 913,122,000 | 866,817,000 | 860,411,000 | 633,677,000 | 664,913,000 | 626,594,000 | 636,279,000 | 563,906,000 | 559,369,000 | 521,957,000 | 323,771,000 | 320,470,000 | 284,136,000 | 251,440,000 | 241,853,000 | 229,771,000 | 243,303,000 | 226,035,000 | 223,852,000 | 213,780,000 | 230,561,000 | 186,538,000 | 86,474,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 12,304,000 | 11,041,000 | 15,571,000 | 15,943,000 | 12,318,000 | 18,908,000 | 6,005,000 | 12,820,000 | 11,516,000 | 15,812,000 | 8,951,000 | 8,989,000 | 8,475,000 | 10,255,000 | 13,864,000 | 6,832,000 | 12,163,000 | 3,521,000 | 7,514,000 | 2,063,000 | 4,296,000 | 3,860,000 | 9,033,000 | 7,078,000 | 10,062,000 | 6,836,000 | 6,549,000 | 12,975,000 | 6,297,000 | 7,048,000 | 2,766,000 | 4,612,000 | 5,669,000 | 2,240,000 | 3,567,000 | 2,257,000 | 3,495,000 | 4,012,000 | 2,675,000 | 4,200,000 | 1,657,000 | 2,038,000 | 2,868,000 | 2,990,000 |
accrued expenses and other current liabilities | 84,407,000 | 96,998,000 | 80,539,000 | 78,125,000 | 69,458,000 | 88,802,000 | 82,319,000 | 67,242,000 | 60,605,000 | |||||||||||||||||||||||||||||||||||
convertible senior notes, current portion | 597,574,000 | 45,967,000 | 45,895,000 | 45,816,000 | 45,737,000 | 44,804,000 | 44,730,000 | |||||||||||||||||||||||||||||||||||||
operating lease liabilities, current portion | 17,964,000 | 16,176,000 | 15,955,000 | 15,185,000 | 13,614,000 | 15,493,000 | 15,849,000 | 15,592,000 | 14,257,000 | 13,452,000 | 12,472,000 | 12,116,000 | 12,853,000 | 12,444,000 | 11,858,000 | 11,809,000 | 11,336,000 | 9,630,000 | 9,395,000 | 9,285,000 | 9,261,000 | 9,612,000 | 9,568,000 | 9,436,000 | 8,866,000 | 7,179,000 | 6,460,000 | 6,057,000 | 5,231,000 | |||||||||||||||
deferred revenue, current portion | 442,260,000 | 451,155,000 | 422,943,000 | 446,688,000 | 447,798,000 | 461,118,000 | 423,640,000 | 437,222,000 | 437,687,000 | 455,503,000 | 421,898,000 | 429,328,000 | 413,992,000 | 426,599,000 | 391,761,000 | 395,208,000 | 378,338,000 | 372,067,000 | 316,045,000 | 302,186,000 | 282,245,000 | 278,585,000 | 231,560,000 | 227,318,000 | 219,432,000 | 231,518,000 | 200,314,000 | 199,048,000 | 184,453,000 | 189,855,000 | 159,408,000 | 153,634,000 | 140,448,000 | 155,811,000 | 133,117,000 | 126,085,000 | 116,564,000 | 116,903,000 | 104,663,000 | 99,360,000 | 90,081,000 | 87,917,000 | 74,347,000 | 66,040,000 |
total current liabilities | 1,154,509,000 | 575,370,000 | 535,008,000 | 555,941,000 | 589,155,000 | 630,216,000 | 573,629,000 | 578,613,000 | 524,065,000 | 569,792,000 | 507,597,000 | 520,451,000 | 493,674,000 | 531,267,000 | 487,164,000 | 483,670,000 | 459,603,000 | 468,680,000 | 436,542,000 | 414,200,000 | 343,735,000 | 353,734,000 | 298,281,000 | 279,997,000 | 264,881,000 | 286,673,000 | 246,782,000 | 251,275,000 | 228,428,000 | 234,986,000 | 190,404,000 | 181,157,000 | 166,191,000 | 189,485,000 | 161,815,000 | 150,343,000 | 137,644,000 | 145,609,000 | 130,916,000 | 124,405,000 | 106,929,000 | 115,767,000 | 93,970,000 | 86,762,000 |
convertible senior notes non-current portion | 295,666,000 | 892,284,000 | 891,279,000 | 890,277,000 | 889,303,000 | 888,356,000 | 887,362,000 | 886,272,000 | ||||||||||||||||||||||||||||||||||||
operating lease liabilities, non-current portion | 53,987,000 | 59,908,000 | 63,551,000 | 62,187,000 | 65,484,000 | 68,430,000 | 72,555,000 | 73,425,000 | 77,069,000 | 81,130,000 | 81,065,000 | 84,751,000 | 84,114,000 | 85,946,000 | 90,427,000 | 89,473,000 | 93,954,000 | 90,865,000 | 69,418,000 | 71,691,000 | 73,466,000 | 75,737,000 | 77,863,000 | 80,081,000 | 71,586,000 | 72,294,000 | 73,266,000 | 71,722,000 | 16,394,000 | |||||||||||||||
deferred revenue, non-current portion | 28,417,000 | 29,971,000 | 28,342,000 | 29,183,000 | 27,524,000 | 27,078,000 | 28,239,000 | 27,512,000 | 29,207,000 | 32,577,000 | 29,344,000 | 30,064,000 | 31,585,000 | 31,040,000 | 31,659,000 | 33,098,000 | 30,616,000 | 33,056,000 | 27,905,000 | 30,124,000 | 28,833,000 | 31,365,000 | 30,632,000 | 33,280,000 | 31,641,000 | 36,226,000 | 36,620,000 | 44,944,000 | 52,014,000 | 58,716,000 | 63,680,000 | 70,766,000 | 78,450,000 | 68,689,000 | 55,526,000 | 54,344,000 | 51,083,000 | 52,160,000 | 44,601,000 | 45,362,000 | 41,776,000 | 42,400,000 | 35,805,000 | 31,471,000 |
other long-term liabilities | 12,292,000 | 14,201,000 | 21,011,000 | 20,705,000 | 20,622,000 | 20,243,000 | 19,050,000 | 13,691,000 | 13,580,000 | 10,032,000 | 14,047,000 | 13,542,000 | 13,364,000 | 14,864,000 | 13,636,000 | 13,512,000 | 13,253,000 | 17,342,000 | 20,950,000 | 9,596,000 | 2,175,000 | 2,164,000 | 1,370,000 | 8,204,000 | 1,325,000 | 1,352,000 | 1,280,000 | 1,023,000 | 1,021,000 | 3,660,000 | 2,607,000 | 2,305,000 | 1,907,000 | 1,809,000 | 2,333,000 | 2,539,000 | 3,187,000 | 3,496,000 | 2,872,000 | 2,939,000 | 4,460,000 | 4,319,000 | 4,305,000 | 5,050,000 |
total liabilities | 1,544,871,000 | 1,571,734,000 | 1,539,191,000 | 1,558,293,000 | 1,592,088,000 | 1,634,323,000 | 1,580,835,000 | 1,579,513,000 | 1,574,922,000 | 1,623,527,000 | 1,560,945,000 | 1,466,681,000 | 1,439,631,000 | 1,479,065,000 | 1,437,833,000 | 1,433,703,000 | 1,410,421,000 | 1,422,006,000 | 1,365,883,000 | 1,335,704,000 | 1,303,918,000 | 841,586,000 | 781,464,000 | 769,723,000 | 557,377,000 | 581,745,000 | 540,419,000 | 548,755,000 | 475,055,000 | 472,050,000 | 428,856,000 | 254,228,000 | 246,548,000 | 259,983,000 | 219,674,000 | 207,226,000 | 191,914,000 | 201,265,000 | 178,389,000 | 172,706,000 | 153,165,000 | 162,486,000 | 134,080,000 | 136,455,000 |
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value per share... | 667,000 | 658,000 | 652,000 | 646,000 | 642,000 | 635,000 | 632,000 | 627,000 | 623,000 | 617,000 | 614,000 | 609,000 | 603,000 | 597,000 | 592,000 | 586,000 | 582,000 | 577,000 | 564,000 | 557,000 | 551,000 | 522,000 | 518,000 | 509,000 | 504,000 | 499,000 | 493,000 | 488,000 | 482,000 | 476,000 | 473,000 | 467,000 | 462,000 | 441,000 | 439,000 | 435,000 | 428,000 | 425,000 | 421,000 | 394,000 | 132,000 | |||
treasury stock | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,765,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,764,000 | -4,645,000 | -4,531,000 | -4,457,000 | -4,391,000 | -4,154,000 | -4,154,000 | -3,526,000 | -3,526,000 | -3,526,000 | -3,526,000 |
additional paid-in-capital | 1,142,304,000 | 1,120,963,000 | 1,096,652,000 | 1,068,643,000 | 1,042,355,000 | 1,011,080,000 | 978,898,000 | 951,621,000 | 925,661,000 | 894,630,000 | 873,381,000 | 846,326,000 | 780,850,000 | 746,249,000 | 717,946,000 | 681,194,000 | 650,710,000 | 615,032,000 | 591,529,000 | 562,652,000 | 542,415,000 | 692,603,000 | 677,983,000 | 657,678,000 | 621,992,000 | 605,650,000 | 594,226,000 | 581,127,000 | 569,229,000 | 556,223,000 | 549,101,000 | 513,598,000 | 503,669,000 | 463,428,000 | 457,904,000 | 450,394,000 | 441,913,000 | 435,360,000 | 430,939,000 | 424,249,000 | 419,640,000 | 411,524,000 | 374,822,000 | |
accumulated other comprehensive income | 89,000 | 2,527,000 | 2,459,000 | 3,514,000 | 419,000 | -1,205,000 | 1,929,000 | -851,000 | -221,000 | 1,344,000 | 250,000 | -812,000 | -929,000 | -137,000 | -23,000 | 85,000 | -78,000 | 304,000 | 351,000 | |||||||||||||||||||||||||
accumulated deficit | -963,523,000 | -964,653,000 | -967,782,000 | -977,591,000 | -985,929,000 | -988,034,000 | -982,998,000 | -999,552,000 | -1,007,747,000 | -1,010,005,000 | -1,030,053,000 | -953,442,000 | -886,660,000 | -860,745,000 | -849,360,000 | -820,633,000 | -781,027,000 | -736,028,000 | -691,403,000 | -653,703,000 | -619,539,000 | -617,279,000 | -588,361,000 | -562,820,000 | -541,354,000 | -518,430,000 | -504,084,000 | -489,678,000 | -476,258,000 | -464,585,000 | -451,565,000 | -439,734,000 | -425,401,000 | -434,913,000 | -421,909,000 | -411,625,000 | -399,988,000 | -389,338,000 | -379,564,000 | -369,370,000 | -355,918,000 | -340,338,000 | -319,232,000 | -293,246,000 |
total stockholders’ equity | 174,772,000 | 154,730,000 | 127,216,000 | 90,447,000 | 52,722,000 | 17,711,000 | -120,074,000 | -142,284,000 | -148,155,000 | -136,551,000 | -125,995,000 | -105,003,000 | -95,395,000 | -81,225,000 | 71,536,000 | 85,353,000 | 90,688,000 | 76,300,000 | 83,168,000 | 86,175,000 | 87,524,000 | 88,851,000 | 87,319,000 | 93,101,000 | 69,543,000 | 73,922,000 | 24,153,000 | 31,766,000 | 34,627,000 | 37,857,000 | 42,038,000 | 47,646,000 | 51,146,000 | 60,615,000 | 68,075,000 | 52,458,000 | ||||||||
total liabilities and stockholders’ equity | 1,719,643,000 | 1,726,464,000 | 1,666,407,000 | 1,648,740,000 | 1,644,810,000 | 1,652,034,000 | 1,358,991,000 | 1,295,549,000 | 1,285,548,000 | 1,273,870,000 | 1,296,011,000 | 1,260,880,000 | 1,240,309,000 | 1,222,693,000 | 913,122,000 | 866,817,000 | 860,411,000 | 633,677,000 | 664,913,000 | 626,594,000 | 636,279,000 | 563,906,000 | 559,369,000 | 521,957,000 | 323,771,000 | 320,470,000 | 284,136,000 | 251,440,000 | 241,853,000 | 229,771,000 | 243,303,000 | 226,035,000 | 223,852,000 | 213,780,000 | ||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||
stockholders’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -6,304,000 | -52,920,000 | -86,449,000 | -118,179,000 | -161,645,000 | -111,022,000 | -110,172,000 | -296,640,000 | ||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ deficit | 1,574,531,000 | 1,526,593,000 | 1,488,473,000 | 1,505,348,000 | 1,399,300,000 | 1,355,659,000 | 1,329,459,000 | |||||||||||||||||||||||||||||||||||||
convertible senior notes | 931,001,000 | 929,996,000 | 815,948,000 | 812,063,000 | 855,709,000 | 378,586,000 | 373,318,000 | 368,161,000 | 187,944,000 | 185,200,000 | 182,471,000 | 179,791,000 | 177,198,000 | 174,688,000 | 172,165,000 | |||||||||||||||||||||||||||||
accrued expenses | 84,489,000 | 63,388,000 | 69,456,000 | 57,545,000 | 80,306,000 | 64,427,000 | 66,348,000 | 56,502,000 | 82,620,000 | 57,975,000 | 55,633,000 | 47,806,000 | 61,677,000 | 48,035,000 | 36,165,000 | 26,486,000 | 41,021,000 | 33,174,000 | 33,069,000 | 25,062,000 | 37,376,000 | 27,392,000 | 21,832,000 | 18,372,000 | 29,728,000 | 23,737,000 | 20,667,000 | 16,346,000 | 23,499,000 | 22,226,000 | 19,798,000 | 14,424,000 | 24,707,000 | 15,725,000 | 12,765,000 | |||||||||
other current liabilities | 536,000 | 888,000 | 562,000 | 809,000 | 1,663,000 | 5,254,000 | 3,473,000 | 1,264,000 | 842,000 | 809,000 | 303,000 | 127,000 | 85,000 | 35,000 | 119,000 | 285,000 | 126,000 | 7,385,000 | 707,000 | 838,000 | 1,079,000 | 1,702,000 | 1,706,000 | 1,394,000 | 1,334,000 | 1,239,000 | 1,195,000 | 1,352,000 | 1,047,000 | 767,000 | 1,105,000 | 1,030,000 | 991,000 | |||||||||||
convertible senior notes, non-current portion | 928,892,000 | 817,873,000 | 816,894,000 | 814,947,000 | 813,950,000 | 812,995,000 | 811,068,000 | 810,093,000 | ||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -822,000 | -200,000 | -1,411,000 | -6,698,000 | -4,538,000 | -2,052,000 | 112,000 | 454,000 | 213,000 | -31,000 | -144,000 | -24,000 | -44,000 | -39,000 | -23,000 | -46,000 | -39,000 | -19,000 | ||||||||||||||||||||||||||
accumulated other comprehensive gain | 162,000 | |||||||||||||||||||||||||||||||||||||||||||
accounts receivables | 49,154,000 | 44,164,000 | ||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 426,000 | 419,000 | 415,000 | |||||||||||||||||||||||||||||||||||||||||
cash | 84,755,000 | 83,508,000 | 86,553,000 | 123,984,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||
accounts receivables, net of allowance for doubtful accounts of 728 and 730 at march 31, 2016 and december 31, 2015, respectively | 29,817,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||
term loan payable, net of unamortized debt discount | 3,976,000 | |||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||
series a redeemable convertible preferred stock, 0.01 par value per share... | 83,200,000 | |||||||||||||||||||||||||||||||||||||||||||
series b redeemable convertible preferred stock, 0.01 par value per share... | 6,854,000 | |||||||||||||||||||||||||||||||||||||||||||
series c redeemable convertible preferred stock, 0.01 par value per share... | 91,215,000 | |||||||||||||||||||||||||||||||||||||||||||
series d redeemable convertible preferred stock, 0.01 par value per share... | 65,390,000 | |||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity | 230,561,000 | 186,538,000 | ||||||||||||||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ deficit | ||||||||||||||||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ deficit | 86,474,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 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 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
net income | 1,130,000 | 3,129,000 | 9,809,000 | 8,338,000 | 2,105,000 | -1,481,000 | 16,554,000 | 8,195,000 | 2,258,000 | ||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 11,210,000 | 11,182,000 | 11,199,000 | 11,390,000 | 11,665,000 | 11,436,000 | 11,238,000 | 10,871,000 | 11,348,000 | 11,411,000 | 11,649,000 | 11,829,000 | 11,050,000 | 10,451,000 | 10,195,000 | 10,223,000 | 10,169,000 | 9,988,000 | 9,745,000 | 7,028,000 | 6,740,000 | 6,284,000 | 5,928,000 | 5,576,000 | 4,843,000 | 4,559,000 | 4,598,000 | 3,944,000 | 3,427,000 | 3,360,000 | 2,660,000 | 2,678,000 | 2,399,000 | 2,324,000 | 2,067,000 | 1,613,000 | 1,624,000 | 1,395,000 | 1,911,000 | 1,708,000 | 1,711,000 | 1,652,000 | 1,339,000 |
amortization of debt issuance costs | 1,045,000 | 1,095,000 | 1,098,000 | 999,000 | 1,019,000 | 1,122,000 | 1,217,000 | 1,055,000 | 1,053,000 | 1,041,000 | 1,026,000 | 994,000 | 1,046,000 | 1,011,000 | 979,000 | ||||||||||||||||||||||||||||
stock-based compensation expense | 19,890,000 | 23,276,000 | 26,327,000 | 27,581,000 | 27,151,000 | 31,065,000 | 24,594,000 | 27,409,000 | 24,893,000 | 23,245,000 | 23,768,000 | 31,695,000 | 29,373,000 | 27,598,000 | 30,971,000 | 32,411,000 | 28,922,000 | 28,707,000 | 29,196,000 | 23,814,000 | 20,862,000 | 16,967,000 | 17,128,000 | 16,446,000 | 13,347,000 | 11,174,000 | 10,426,000 | 10,430,000 | 8,634,000 | 6,594,000 | 7,424,000 | 7,350,000 | 6,225,000 | 4,803,000 | 5,288,000 | 5,171,000 | 4,279,000 | 3,979,000 | 4,177,000 | 3,641,000 | 5,519,000 | 7,852,000 | 1,427,000 |
deferred income taxes | -1,220,000 | -390,000 | -1,049,000 | 0 | 0 | 1,840,000 | -3,458,000 | 0 | 116,000 | 0 | -228,000 | ||||||||||||||||||||||||||||||||
other | 1,489,000 | -1,624,000 | -36,000 | -3,541,000 | -1,153,000 | 3,031,000 | -3,182,000 | -1,149,000 | -203,000 | -5,157,000 | 1,203,000 | 3,428,000 | 995,000 | -4,028,000 | 1,547,000 | 1,755,000 | 526,000 | 265,000 | 209,000 | 42,000 | 1,404,000 | ||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 31,405,000 | -24,244,000 | 8,419,000 | -10,176,000 | 27,668,000 | -27,912,000 | 2,442,000 | -19,539,000 | 39,529,000 | -26,449,000 | -2,682,000 | -20,695,000 | 35,805,000 | -30,475,000 | 3,278,000 | -18,180,000 | 36,327,000 | -48,997,000 | 10,706,000 | -21,598,000 | 34,414,000 | -37,608,000 | 2,393,000 | -11,773,000 | 22,608,000 | -25,660,000 | 6,311,000 | -10,180,000 | 14,729,000 | -20,972,000 | -5,299,000 | -10,136,000 | 34,722,000 | -25,347,000 | -1,110,000 | -13,942,000 | 15,182,000 | 189,000 | -5,809,000 | ||||
deferred contract acquisition and fulfillment costs | 2,453,000 | -3,681,000 | 4,338,000 | 4,505,000 | 5,295,000 | -3,703,000 | 1,471,000 | -1,285,000 | -679,000 | -9,046,000 | -3,525,000 | -3,723,000 | -2,240,000 | -7,911,000 | -2,919,000 | -2,141,000 | -2,939,000 | -12,754,000 | -4,319,000 | -3,497,000 | -1,956,000 | -8,101,000 | -2,284,000 | -2,478,000 | -516,000 | -5,903,000 | -2,231,000 | -2,078,000 | -1,094,000 | -6,405,000 | -1,854,000 | -2,818,000 | -1,713,000 | ||||||||||
prepaid expenses and other assets | 1,632,000 | -8,884,000 | 4,459,000 | -3,803,000 | -1,995,000 | -3,257,000 | 5,632,000 | 1,653,000 | -1,223,000 | -9,558,000 | 4,033,000 | 6,967,000 | -5,567,000 | 3,072,000 | 5,224,000 | -3,971,000 | -6,556,000 | -6,446,000 | 2,697,000 | 530,000 | -136,000 | -10,308,000 | -421,000 | 1,638,000 | 135,000 | -3,813,000 | -544,000 | -3,394,000 | -5,940,000 | 2,147,000 | 1,168,000 | -412,000 | -3,190,000 | -675,000 | 189,000 | -1,054,000 | 1,466,000 | -2,447,000 | 325,000 | -685,000 | -716,000 | -1,266,000 | 546,000 |
accounts payable | 2,342,000 | -5,123,000 | -847,000 | 3,596,000 | -6,555,000 | 13,227,000 | -7,429,000 | 1,169,000 | -4,190,000 | 6,704,000 | 27,000 | 1,462,000 | -2,744,000 | -527,000 | 4,947,000 | -5,116,000 | 8,673,000 | -4,156,000 | 3,408,000 | -1,879,000 | 550,000 | -4,316,000 | 1,785,000 | -3,873,000 | 4,010,000 | -1,040,000 | -1,052,000 | 2,118,000 | 66,000 | 3,110,000 | -1,826,000 | -828,000 | 3,219,000 | -1,935,000 | 1,335,000 | -1,413,000 | -244,000 | 1,070,000 | -1,355,000 | 2,404,000 | -500,000 | -701,000 | -233,000 |
accrued expenses | -14,753,000 | 21,668,000 | 1,658,000 | 7,089,000 | -20,325,000 | 7,584,000 | 978,000 | 6,499,000 | -24,890,000 | 20,390,000 | -6,000,000 | 11,983,000 | -23,951,000 | 15,982,000 | 252,000 | 11,555,000 | -24,048,000 | 23,759,000 | 3,038,000 | 7,837,000 | -15,429,000 | 11,719,000 | 4,358,000 | 7,126,000 | -14,563,000 | 9,581,000 | 2,490,000 | 6,378,000 | -13,690,000 | 8,192,000 | 5,632,000 | 3,511,000 | -11,317,000 | 5,955,000 | 2,925,000 | 5,094,000 | -7,216,000 | 3,185,000 | 1,855,000 | 3,965,000 | -7,427,000 | 5,111,000 | 2,673,000 |
deferred revenue | -11,114,000 | 28,540,000 | -24,586,000 | 549,000 | -12,874,000 | 36,317,000 | -13,766,000 | -2,160,000 | -21,186,000 | 36,839,000 | -8,150,000 | 13,845,000 | -12,062,000 | 34,219,000 | -4,886,000 | 19,353,000 | 3,830,000 | 61,173,000 | 2,169,000 | 21,233,000 | 987,000 | 47,884,000 | 1,540,000 | 4,675,000 | -16,671,000 | 30,810,000 | -7,058,000 | 7,038,000 | -12,104,000 | 25,183,000 | -1,312,000 | 5,494,000 | -6,495,000 | 35,857,000 | 8,214,000 | 12,782,000 | -1,416,000 | 19,800,000 | 4,543,000 | 12,865,000 | 1,540,000 | 19,800,000 | 12,643,000 |
other liabilities | -5,692,000 | -7,367,000 | -1,587,000 | 1,015,000 | -2,244,000 | -2,607,000 | 4,220,000 | 140,000 | 2,520,000 | -414,000 | -1,381,000 | 379,000 | 104,000 | 3,637,000 | -818,000 | 155,000 | -481,000 | 136,000 | -796,000 | 4,783,000 | -394,000 | 490,000 | 65,000 | 83,000 | -1,063,000 | -274,000 | 163,000 | -476,000 | 1,605,000 | 989,000 | 47,000 | -225,000 | -444,000 | 15,000 | -146,000 | -553,000 | -266,000 | 392,000 | 238,000 | 94,000 | -166,000 | -61,000 | -140,000 |
net cash from operating activities | 39,817,000 | 37,577,000 | 38,951,000 | 47,542,000 | 29,757,000 | 3,665,000 | 31,305,000 | 5,842,000 | 20,110,000 | 7,449,000 | 10,403,000 | 4,688,000 | 19,448,000 | 582,000 | 11,078,000 | 442,000 | -7,215,000 | 7,824,000 | 1,839,000 | 2,483,000 | -13,566,000 | 11,934,000 | -4,050,000 | -9,114,000 | 7,296,000 | 8,202,000 | 5,744,000 | -3,981,000 | 3,321,000 | 7,051,000 | 1,790,000 | 1,863,000 | -1,592,000 | 73,000 | 2,273,000 | ||||||||
capital expenditures | -6,400,000 | -5,275,000 | -8,088,000 | -5,262,000 | -5,080,000 | -4,247,000 | -5,724,000 | -7,061,000 | -10,453,000 | -8,707,000 | -6,575,000 | -4,175,000 | -5,121,000 | -6,677,000 | -4,629,000 | -2,673,000 | -4,230,000 | -2,375,000 | -10,875,000 | -10,800,000 | -10,064,000 | -4,409,000 | -3,846,000 | -4,223,000 | -2,840,000 | -1,318,000 | -1,368,000 | -1,243,000 | -1,335,000 | -1,192,000 | -1,465,000 | -750,000 | -1,092,000 | -1,297,000 | -1,644,000 | ||||||||
free cash flows | 33,417,000 | 32,302,000 | 30,863,000 | 42,280,000 | 24,677,000 | -582,000 | 25,581,000 | -1,219,000 | 9,657,000 | -1,258,000 | 3,828,000 | 513,000 | 14,327,000 | -6,095,000 | 6,449,000 | -2,231,000 | -11,445,000 | 5,449,000 | -9,036,000 | -8,317,000 | -23,630,000 | 7,525,000 | -7,896,000 | -13,337,000 | 4,456,000 | 6,884,000 | 4,376,000 | -5,224,000 | 1,986,000 | 5,859,000 | 325,000 | 1,113,000 | -2,684,000 | -1,224,000 | 629,000 | ||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -23,345,000 | -103,000 | -35,467,000 | 0 | |||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -2,081,000 | -1,153,000 | -4,137,000 | -948,000 | -1,361,000 | -1,183,000 | -1,342,000 | -280,000 | -620,000 | -367,000 | -295,000 | -1,419,000 | -2,285,000 | -7,295,000 | -5,863,000 | -4,171,000 | -3,053,000 | -4,175,000 | -2,164,000 | -1,699,000 | -972,000 | -6,677,000 | -3,170,000 | -1,199,000 | -2,756,000 | -2,375,000 | -9,341,000 | -9,249,000 | -8,463,000 | -4,409,000 | -2,754,000 | -3,503,000 | -2,147,000 | -1,318,000 | -928,000 | -1,243,000 | -1,335,000 | -1,192,000 | -1,465,000 | -750,000 | -1,092,000 | -1,297,000 | -1,644,000 |
capitalization of internal-use software | -4,319,000 | -4,122,000 | -3,951,000 | -4,314,000 | -3,719,000 | -3,748,000 | -4,125,000 | -3,373,000 | -2,916,000 | ||||||||||||||||||||||||||||||||||
purchases of investments | -30,304,000 | -271,022,000 | -87,555,000 | -144,461,000 | 0 | -84,527,000 | -64,809,000 | -93,158,000 | -82,816,000 | -113,756,000 | -75,374,000 | -4,883,000 | -28,279,000 | -35,489,000 | -26,861,000 | -32,136,000 | -33,784,000 | 0 | -52,914,000 | -6,394,000 | -68,343,000 | -59,451,000 | -24,987,000 | -24,272,000 | -33,839,000 | -41,776,000 | -9,403,000 | -63,029,000 | -54,476,000 | -168,290,000 | -6,195,000 | -4,460,000 | -13,506,000 | -5,856,000 | -8,427,000 | -7,401,000 | |||||||
sales and maturities of investments | 85,000,000 | 123,822,000 | 107,000,000 | 51,500,000 | 69,000,000 | 58,000,000 | 62,499,000 | 75,001,000 | 55,000,000 | ||||||||||||||||||||||||||||||||||
other investing activities | 0 | 458,000 | 0 | 1,328,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
net cash from investing activities | 55,255,000 | 82,743,000 | -171,652,000 | -41,317,000 | -79,213,000 | 52,966,000 | -64,693,000 | 6,899,000 | -41,694,000 | -33,568,000 | -83,003,000 | -52,006,000 | -10,177,000 | -20,392,000 | 21,461,000 | -35,911,000 | -17,491,000 | -275,721,000 | -13,722,000 | -18,444,000 | -65,818,000 | -55,135,000 | -120,756,000 | 85,422,000 | 78,000 | -15,652,000 | 32,740,000 | -355,000 | -43,455,000 | -165,688,000 | 8,648,000 | 6,762,000 | -6,280,000 | -12,024,000 | 3,719,000 | -7,836,000 | -40,168,000 | -1,465,000 | -750,000 | -1,092,000 | -36,764,000 | -1,644,000 | |
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||
taxes paid related to net share settlement of equity awards | -255,000 | -585,000 | -537,000 | -595,000 | -1,303,000 | -847,000 | -794,000 | -1,325,000 | -1,764,000 | -1,558,000 | -1,421,000 | -1,324,000 | -1,267,000 | -719,000 | -1,637,000 | -1,645,000 | -3,461,000 | -4,672,000 | -4,701,000 | -3,347,000 | -3,324,000 | -2,937,000 | -2,534,000 | -1,917,000 | -1,533,000 | -2,026,000 | -2,087,000 | -1,860,000 | -979,000 | -485,000 | -707,000 | -543,000 | -462,000 | -230,000 | -207,000 | -92,000 | -169,000 | -288,000 | -66,000 | -673,000 | -3,087,000 | ||
proceeds from employee stock purchase plan | 2,889,000 | 0 | 3,257,000 | 0 | 4,446,000 | 0 | 4,200,000 | 0 | 5,046,000 | 0 | 5,149,000 | 0 | 6,174,000 | 0 | 6,233,000 | 0 | 5,710,000 | 0 | 4,809,000 | 0 | 4,467,000 | 0 | 3,736,000 | 0 | 3,346,000 | 0 | 2,887,000 | 0 | 2,634,000 | 0 | 2,005,000 | 0 | 1,632,000 | 0 | 1,415,000 | 0 | 1,499,000 | 0 | 1,628,000 | 0 | 2,096,000 | ||
proceeds from stock option exercises | 0 | 0 | 0 | 1,589,000 | 130,000 | 32,000 | 324,000 | 1,080,000 | 69,000 | 302,000 | 2,501,000 | 181,000 | 1,697,000 | 416,000 | 246,000 | 959,000 | 1,036,000 | 749,000 | 1,103,000 | 1,427,000 | 1,591,000 | 2,491,000 | 2,167,000 | 1,561,000 | 2,295,000 | 1,866,000 | 3,340,000 | 2,718,000 | 1,085,000 | 1,864,000 | 2,696,000 | 1,961,000 | 853,000 | 884,000 | 3,336,000 | 775,000 | 406,000 | 1,087,000 | 884,000 | 547,000 | 29,000 | 570,000 | |
net cash from financing activities | 2,634,000 | -4,676,000 | 1,562,000 | -47,122,000 | 4,732,000 | -1,217,000 | 3,438,000 | -1,001,000 | 4,362,000 | -2,198,000 | 77,780,000 | 1,177,000 | 2,838,000 | 978,000 | 5,012,000 | -1,782,000 | 3,208,000 | -49,287,000 | -9,246,000 | -5,906,000 | 328,572,000 | -1,375,000 | 2,679,000 | 196,247,000 | 3,374,000 | 269,000 | 2,666,000 | 1,480,000 | 4,373,000 | 192,000 | 199,781,000 | 1,829,000 | 34,362,000 | 623,000 | 2,092,000 | 2,448,000 | 2,105,000 | -1,187,000 | 2,649,000 | 211,000 | -512,000 | -678,000 | 96,408,000 |
effect of exchange rate changes on cash, cash equivalents and restricted cash | -1,079,000 | -1,673,000 | -304,000 | -33,000 | -2,036,000 | -2,871,000 | -800,000 | -556,000 | 207,000 | -500,000 | 461,000 | 259,000 | -560,000 | 317,000 | -497,000 | -3,000 | -148,000 | -266,000 | -114,000 | -278,000 | -36,000 | ||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 96,627,000 | 116,051,000 | -130,714,000 | 111,996,000 | -14,440,000 | 30,912,000 | -3,231,000 | 38,936,000 | 2,694,000 | 24,257,000 | -23,100,000 | -62,513,000 | -266,075,000 | -10,235,000 | 330,223,000 | -40,917,000 | 76,192,000 | 81,021,000 | 8,488,000 | -11,644,000 | 36,700,000 | -9,696,000 | -31,595,000 | 29,929,000 | 1,085,000 | 48,384,000 | |||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 246,664,000 | 0 | 0 | 0 | 342,101,000 | -3,000 | 0 | 0 | 214,130,000 | 0 | 0 | 0 | 207,804,000 | 0 | 0 | 0 | 165,017,000 | 0 | 0 | 0 | 173,617,000 | 0 | 0 | 123,413,000 | 0 | 0 | 0 | 99,565,000 | 0 | 0 | 0 | 51,762,000 | |||||||||||
cash, cash equivalents and restricted cash, end of period | 343,291,000 | 116,051,000 | -130,714,000 | -37,384,000 | 298,711,000 | 111,993,000 | -14,440,000 | 38,173,000 | 206,375,000 | 30,912,000 | -3,231,000 | -19,828,000 | 206,274,000 | 38,936,000 | 2,694,000 | 24,257,000 | 141,917,000 | -62,513,000 | -266,075,000 | -10,235,000 | 503,840,000 | -40,917,000 | 76,192,000 | 204,434,000 | 8,488,000 | -11,644,000 | 36,700,000 | 89,869,000 | -31,595,000 | 29,929,000 | 1,085,000 | 100,146,000 | |||||||||||
supplemental cash flow information: | |||||||||||||||||||||||||||||||||||||||||||
cash paid for interest on convertible senior notes | 2,625,000 | 0 | 2,798,000 | 1,399,000 | 1,571,000 | 518,000 | 2,625,000 | 517,000 | 2,698,000 | 518,000 | 750,000 | 2,587,000 | 750,000 | 2,588,000 | 750,000 | 2,587,000 | 750,000 | 2,587,000 | 733,000 | 2,587,000 | 1,438,000 | 2,588,000 | 1,437,000 | 0 | 1,438,000 | 0 | 1,437,000 | 0 | 1,342,000 | ||||||||||||||
cash paid for income taxes, net of payments | 782,000 | 824,000 | |||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents and restricted cash: | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 343,291,000 | 116,051,000 | -130,714,000 | -30,135,000 | 291,462,000 | 112,115,000 | -14,404,000 | 38,259,000 | 198,716,000 | 30,902,000 | -3,202,000 | -19,828,000 | 205,757,000 | 38,934,000 | 4,884,000 | 22,104,000 | 141,365,000 | -62,522,000 | -266,464,000 | -10,236,000 | 503,804,000 | -39,934,000 | 36,700,000 | 89,869,000 | 1,085,000 | 99,646,000 | |||||||||||||||||
restricted cash included in prepaid expenses and other current assets | 1,000 | 36,000 | |||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 343,291,000 | 116,051,000 | -130,714,000 | -37,384,000 | 298,711,000 | 111,993,000 | -14,440,000 | 38,173,000 | 206,375,000 | 30,912,000 | -3,231,000 | -19,828,000 | 206,274,000 | 38,936,000 | 2,694,000 | 24,257,000 | 141,917,000 | -62,513,000 | -266,075,000 | -10,235,000 | 503,840,000 | -40,917,000 | 36,700,000 | 89,869,000 | 1,085,000 | 100,146,000 | |||||||||||||||||
impairment of long-lived assets | 0 | 3,553,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
change in fair value of derivative assets | 0 | 2,851,000 | |||||||||||||||||||||||||||||||||||||||||
induced conversion expense | 0 | 0 | 0 | 0 | 2,740,000 | ||||||||||||||||||||||||||||||||||||||
purchase of strategic equity investments | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid | |||||||||||||||||||||||||||||||||||||||||||
purchase of capped calls related to convertible senior notes | 0 | 0 | 0 | 0 | -76,020,000 | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||
payment of debt issuance costs | 0 | -403,000 | |||||||||||||||||||||||||||||||||||||||||
payments for maturity of convertible senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
payments related to business acquisitions | 0 | 0 | 0 | -2,250,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||
proceeds from capped call settlement | |||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash ,cash equivalents and restricted cash | 407,000 | 425,000 | 3,513,000 | 1,334,000 | 2,846,000 | -583,000 | -1,493,000 | ||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses, other current assets, and other assets | |||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other assets | |||||||||||||||||||||||||||||||||||||||||||
issuance of common stock from acquisition | |||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes, net of refund | 4,720,000 | 992,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -43,390,000 | -7,755,000 | -1,530,000 | ||||||||||||||||||||||||||||||||||||||||
restricted cash included in other assets and prepaid expenses and other current assets | 7,249,000 | -36,000 | -86,000 | 7,659,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 7,909 | |||||||||||||||||||||||||||||||||||||||||||
payments for repurchase of convertible senior notes | -182,647,000 | ||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes, net of refunds | 1,876,000 | 1,568,000 | 3,153,000 | 2,352,000 | 459,000 | -56,000 | 1,055,000 | 166,000 | 68,000 | 939,000 | 549,000 | 15,000 | 2,481,000 | 192,000 | 568,000 | 64,000 | -21,000 | 198,000 | 102,000 | 33,000 | -4,000 | 85,000 | 231,000 | 88,000 | |||||||||||||||||||
restricted cash included in prepaid expenses and other current assets and other assets | |||||||||||||||||||||||||||||||||||||||||||
net cash provided by operating activities | 43,969,000 | 32,858,000 | 31,070,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 7,200 | |||||||||||||||||||||||||||||||||||||||||||
net loss | 20,048,000 | -76,611,000 | -66,782,000 | -25,915,000 | -11,385,000 | -28,727,000 | -39,606,000 | -44,999,000 | -44,625,000 | -37,700,000 | -34,164,000 | -29,845,000 | -28,918,000 | -25,541,000 | -21,466,000 | -22,924,000 | -14,346,000 | -14,406,000 | -13,420,000 | -11,673,000 | -13,020,000 | -11,831,000 | -14,333,000 | -16,361,000 | -13,004,000 | -10,284,000 | -11,637,000 | -10,545,000 | -13,452,000 | -15,580,000 | -11,825,000 | ||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 1,096,000 | 1,095,000 | 1,133,000 | 658,000 | 5,305,000 | 5,206,000 | 4,264,000 | 2,743,000 | 2,730,000 | 2,679,000 | 2,594,000 | 2,510,000 | 2,535,000 | ||||||||||||||||||||||||||||||
other investments | 0 | -500,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs of 7,909 and 14,976 for the years ended december 31, 2023 and 2021, respectively | |||||||||||||||||||||||||||||||||||||||||||
payments for redemption, repurchase and conversion of convertible senior notes | |||||||||||||||||||||||||||||||||||||||||||
proceeds from capped calls settlement | |||||||||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses and other assets | 10,000 | -29,000 | 0 | 517,000 | 2,000 | -2,190,000 | 2,153,000 | 552,000 | 9,000 | ||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||
business acquisition, net of cash acquired | 0 | -808,000 | -34,033,000 | -306,000,000 | -2,700,000 | -49,720,000 | -55,000 | 14,000 | |||||||||||||||||||||||||||||||||||
capitalization of internal-use software costs | -3,952,000 | -4,305,000 | -4,776,000 | -4,590,000 | -4,536,000 | -3,522,000 | -2,957,000 | -2,447,000 | -1,758,000 | -1,459,000 | -1,474,000 | -1,474,000 | -1,534,000 | -1,551,000 | -1,601,000 | -1,092,000 | -720,000 | -693,000 | -440,000 | ||||||||||||||||||||||||
sales/maturities of investments | 35,000,000 | 29,900,000 | 35,800,000 | 26,050,000 | 57,529,000 | 2,800,000 | 36,900,000 | 46,038,000 | 41,900,000 | 9,000,000 | 32,675,000 | 113,924,000 | 36,985,000 | 67,564,000 | 72,738,000 | 6,448,000 | |||||||||||||||||||||||||||
payments of debt issuance costs | 0 | -163,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from by investing activities | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs of 14,976 and 7,201 for the year ended december 31, 2021 and 2020, respectively | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 14,976 for the nine months ended september 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||
payments for repurchase and conversion of convertible senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 14,560 for the six months ended june 30, 2021 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 12,900 for the three months ended march 31, 2021 | |||||||||||||||||||||||||||||||||||||||||||
non-cash investing activities: | |||||||||||||||||||||||||||||||||||||||||||
leasehold improvements acquired through tenant improvement allowance | 0 | 0 | 6,703,000 | 7,313,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 14,976 and 7,201 for the nine months ended september 30, 2021 and 2020, respectively | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 14,560 and 6,500 for the six months ended june 30, 2021 and 2020, respectively | |||||||||||||||||||||||||||||||||||||||||||
payments related to business acquisition | 0 | -2,431,000 | |||||||||||||||||||||||||||||||||||||||||
net cash provided by (used in) operating activities | 20,595,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 12,900 | 587,100,000 | ||||||||||||||||||||||||||||||||||||||||||
provision for doubtful accounts | 237,000 | 752,000 | 481,000 | 527,000 | 459,000 | 429,000 | 916,000 | 437,000 | 260,000 | 24,000 | 300,000 | 156,000 | 396,000 | 31,000 | 162,000 | 316,000 | 270,000 | 124,000 | 200,000 | ||||||||||||||||||||||||
foreign currency re-measurement loss | -45,000 | 109,000 | -248,000 | 447,000 | -315,000 | 379,000 | -58,000 | 249,000 | 191,000 | 95,000 | 324,000 | 147,000 | 44,000 | 104,000 | -223,000 | ||||||||||||||||||||||||||||
other non-cash items | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs of 7,201 and 6,879 for the years ended december 31, 2020 and 2018, respectively | |||||||||||||||||||||||||||||||||||||||||||
proceeds from follow-on public offering, net of offering costs of 608 | |||||||||||||||||||||||||||||||||||||||||||
deferred business acquisition payment | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -38,000 | 175,000 | 220,000 | -76,000 | -263,000 | ||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 2,507,000 | -4,013,000 | -34,567,000 | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 0 | 53,148,000 | 0 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 2,507,000 | -4,013,000 | 2,406,000 | 50,662,000 | -34,567,000 | ||||||||||||||||||||||||||||||||||||||
other non-cash expense | 60,000 | -9,000 | -138,000 | -345,000 | -568,000 | -722,000 | -274,000 | -19,000 | -52,000 | ||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 7,201 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash in other current assets | -983,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 6,500 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs of 6,879 | |||||||||||||||||||||||||||||||||||||||||||
restricted cash in other assets | 500,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs | |||||||||||||||||||||||||||||||||||||||||||
proceeds from follow-on public offering, net of offering costs | |||||||||||||||||||||||||||||||||||||||||||
non-cash financing activities: | |||||||||||||||||||||||||||||||||||||||||||
convertible senior notes issuance costs incurred but not paid | |||||||||||||||||||||||||||||||||||||||||||
proceeds from secondary public offering, net of offering costs of 608 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
payments of capital lease obligations | 0 | 0 | 0 | -68,000 | -66,000 | -64,000 | |||||||||||||||||||||||||||||||||||||
excess tax benefit from stock-based compensation | |||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | -201,000 | 74,000 | 262,000 | 53,000 | 42,000 | 136,000 | 558,000 | 65,000 | 76,000 | 146,000 | 60,000 | 274,000 | 47,000 | 203,000 | |||||||||||||||||||||||||||||
cash paid for interest | 4,000 | 0 | 0 | 1,000 | 3,000 | 317,000 | |||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs paid of 6,471 | |||||||||||||||||||||||||||||||||||||||||||
sale and maturities of investments | 14,062,000 | 9,917,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from secondary public offering, net of offering costs paid of 284 | 31,231,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | 0 | 853,000 | |||||||||||||||||||||||||||||||||||||||||
other non-cash expenses | -5,000 | 39,000 | 78,000 | 97,000 | |||||||||||||||||||||||||||||||||||||||
increase in restricted cash | |||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering and concurrent private placement, net of offering costs of 3,097 | |||||||||||||||||||||||||||||||||||||||||||
repayments of term loan and related termination fee | 0 | ||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash investing and financing information: | |||||||||||||||||||||||||||||||||||||||||||
common stock issued for acquisitions | 27,382,000 | 0 | |||||||||||||||||||||||||||||||||||||||||
vested stock options issued for acquisition | |||||||||||||||||||||||||||||||||||||||||||
foreign currency re-measurement gain | -172,000 | ||||||||||||||||||||||||||||||||||||||||||
maturities of investments | 900,000 | ||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -2,486,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts receivables | 14,048,000 | ||||||||||||||||||||||||||||||||||||||||||
contingent consideration | |||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of series d redeemable convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||
payments of contingent consideration related to business acquisitions | |||||||||||||||||||||||||||||||||||||||||||
repurchase of common and preferred stock | |||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 38,000 | 52,000 | 78,000 | 79,000 | 79,000 | ||||||||||||||||||||||||||||||||||||||
benefit from doubtful accounts | |||||||||||||||||||||||||||||||||||||||||||
foreign currency re-measurement (gain) loss | |||||||||||||||||||||||||||||||||||||||||||
proceeds from initial public offering and concurrent private placement, net of offering costs of 2,456 | |||||||||||||||||||||||||||||||||||||||||||
initial public offering costs incurred but not yet paid | 31,000 | ||||||||||||||||||||||||||||||||||||||||||
payments of initial public offering costs | |||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash | -77,000 | 151,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash | 1,247,000 | -3,045,000 | |||||||||||||||||||||||||||||||||||||||||
cash, beginning of period | 0 | 86,553,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||
cash, end of period | 1,247,000 | 83,508,000 | -37,431,000 | 96,984,000 | |||||||||||||||||||||||||||||||||||||||
borrowings from term loan | |||||||||||||||||||||||||||||||||||||||||||
borrowings from line of credit | |||||||||||||||||||||||||||||||||||||||||||
repayments on line of credit | |||||||||||||||||||||||||||||||||||||||||||
payments of debt and equity issuance costs | |||||||||||||||||||||||||||||||||||||||||||
net increase in cash | -37,431,000 | ||||||||||||||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||||||||||||||
nature of the business | |||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement loss | 37,000 | ||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate on cash | -53,000 | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | |||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash investing and financing activities: |