v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (28,008) $ (122,690)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation 10,213 11,650
Amortization of intangible assets 12,941 14,230
Amortization of operating lease right-of-use assets 3,231 4,416
Stock-based compensation expense 16,948 17,192
Loss on extinguishment of debt 3,413 0
Impairment 469 43,936
Acquisition related tax adjustment 0 4,082
Other 201 897
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (5,626) 10,661
Inventory (735) 3,557
Prepaid expenses and other current assets 662 (621)
Accounts payable 4,362 1,074
Accrued expenses and other current liabilities (3,521) 6,639
Other long-term liabilities (1,893) (14,678)
Net cash provided by (used in) operating activities 12,657 (19,655)
Investing activities:    
Cash paid for acquisitions of a business, net of cash acquired 0 (18,990)
Purchases of property and equipment (4,807) (7,375)
Net cash used in investing activities (4,807) (26,365)
Financing activities:    
Proceeds from borrowings of long-term debt 150,000 0
Principal repayments of long-term debt (294,240) (2,720)
Financing costs incurred for long-term debt (3,575) 0
Taxes paid for shares withheld under employee equity plans, net of proceeds from issuance of Class A common stock (5,936) (4,719)
Other financing activities, net (455) 1,005
Net cash used in financing activities (154,206) (6,434)
Effects of exchange rate changes on cash and cash equivalents 47 (38)
Net decrease in cash, cash equivalents, and restricted cash (146,309) (52,492)
Cash and cash equivalents, beginning of period 216,890 322,399
Cash, cash equivalents and restricted cash, end of period 70,581 269,907
Supplemental cash flow information:    
Cash paid for interest 13,740 12,637
Cash refunded for income taxes, net 0 (535)
Supplemental disclosures of non-cash activities:    
Property and equipment included in accounts payable and accrued expenses 539 1,722
Right-of-use assets obtained in exchange for operating lease liabilities 0 463
Fair value of contingent consideration liability recorded in connection with acquisition of a business 0 4,800
Accrued consideration payable recorded in connection with acquisitions of a business 0 2,331
Reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets:    
Cash and cash equivalents 70,091 269,907
Restricted cash included in other current assets 490 0
Total cash, cash equivalents, and restricted cash $ 70,581 $ 269,907

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