7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 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 
      
    		                       
      cash flows from operating activities
    		                       
      net income
    		-50,446,000 -38,454,000 -12,848,000 -15,331,000 -15,078,000 -35,543,000 -27,865,000 -23,535,000 -94,467,000 -38,082,000 -45,917,000 -42,546,000 -63,537,000 -41,381,000 -77,501,000 -107,335,000 -35,510,000 -39,963,000 -34,021,000 -26,468,000 -26,135,000 -32,746,000 -28,155,000 
      adjustments to reconcile net income to cash from operating activities:
    		                       
      depreciation and amortization expense
    		45,481,000 42,207,000 36,246,000 31,709,000 29,655,000 30,112,000 36,180,000 34,458,000 33,673,000 31,509,000 29,633,000 27,350,000 25,338,000 20,014,000 18,332,000 17,030,000 16,027,000 15,218,000 14,358,000 12,916,000 11,550,000 10,563,000 8,556,000 
      non-cash operating lease costs
    		15,215,000 14,657,000 13,852,000 12,500,000 11,261,000 11,863,000 11,893,000 10,974,000 10,864,000 11,061,000 9,378,000 8,848,000 9,496,000 8,610,000 7,351,000 6,736,000 5,658,000 5,346,000 5,631,000 4,802,000 4,789,000 4,543,000  
      amortization of deferred contract acquisition costs
    		24,164,000 23,132,000 21,115,000 19,716,000 18,884,000 18,107,000 16,617,000 15,746,000 14,902,000 14,109,000 13,096,000 11,801,000 10,556,000 9,662,000 8,579,000 7,773,000 6,855,000 6,060,000 5,239,000 4,623,000 3,963,000 3,499,000 3,099,000 
      stock-based compensation expense
    		122,377,000 95,535,000 94,492,000 88,255,000 85,991,000 69,723,000 74,424,000 73,772,000 68,392,000 57,401,000 60,232,000 53,765,000 54,815,000 33,965,000 28,499,000 23,049,000 20,547,000 18,042,000 16,243,000 14,745,000 12,449,000 12,897,000 11,615,000 
      amortization of debt discount and issuance costs
    		1,199,000 990,000 989,000 990,000 990,000 990,000 990,000 1,059,000 1,307,000 1,163,000 1,162,000 1,165,000 1,162,000 1,170,000 15,686,000 12,334,000 9,183,000 8,971,000 8,764,000 8,562,000    
      net accretion of discounts and amortization of premiums on available-for-sale securities
    		-5,615,000 -6,372,000 -8,101,000 -9,952,000 -11,315,000 -12,713,000 -13,402,000 -11,989,000 -10,822,000 -8,228,000 -3,929,000 -132,000 1,603,000 2,195,000 2,353,000 2,140,000 1,985,000 1,879,000 1,394,000 615,000 89,000 -456,000 -664,000 
      deferred income taxes
    		-324,000 -156,000 3,449,000 -28,000 -1,034,000 -276,000 2,852,000 25,000 -493,000 -120,000 1,463,000 230,000 -1,839,000 6,000 19,416,000 -4,062,000 -5,103,000 -1,513,000 663,000 -4,187,000 -2,504,000 -117,000  
      benefit from bad debt
    		4,541,000 3,274,000 2,681,000 2,587,000 1,547,000 3,223,000 4,110,000 3,490,000 4,461,000 1,576,000 1,688,000 1,130,000 1,042,000 968,000 893,000 902,000 539,000 1,470,000 574,000 301,000 284,000 2,209,000 1,627,000 
      other
    		2,720,000 507,000 282,000 70,000 185,000 106,000 116,000 219,000 508,000 -14,000 54,000 311,000 151,000 113,000 400,000 27,000 5,000 79,000 74,000 22,000 102,000 -197,000 277,000 
      changes in operating assets and liabilities, net of effect of asset acquisitions and business combinations:
    		                       
      accounts receivable
    		-25,729,000 27,160,000 -66,507,000 -5,301,000 -38,577,000 31,862,000 -52,910,000 -25,038,000 -2,632,000 -32,781,000 -23,364,000 -5,884,000 3,828,000 -30,775,000 -11,731,000 -9,754,000 -5,152,000 -9,211,000 -15,290,000 -5,438,000 -4,152,000 -8,120,000 -3,289,000 
      contract assets
    		-5,287,000 580,000 -3,110,000 -541,000 -1,328,000 -548,000 648,000 -3,016,000 -650,000 269,000 -1,081,000 -16,000 -866,000 -250,000 -1,030,000 200,000 -1,589,000 -122,000 -1,452,000 138,000 -445,000 284,000 -593,000 
      deferred contract acquisition costs
    		-33,540,000 -25,458,000 -40,952,000 -27,766,000 -25,687,000 -22,398,000 -34,699,000 -23,418,000 -23,957,000 -19,391,000 -18,959,000 -18,377,000 -14,996,000 -15,608,000 -17,292,000 -12,793,000 -14,460,000 -10,866,000 -11,700,000 -8,457,000 -9,672,000 -6,486,000 -7,142,000 
      prepaid expenses and other current assets
    		-19,050,000 -27,289,000 -12,914,000 -587,000 -1,704,000 -23,022,000 -5,010,000 -3,119,000 -5,062,000 -8,934,000 -334,000 -2,300,000 1,708,000 -6,775,000 -3,118,000 2,188,000 -2,079,000 614,000 -5,503,000 -5,960,000 915,000 -1,086,000 -96,000 
      other noncurrent assets
    		-806,000 5,118,000 1,549,000 -1,320,000 1,181,000 760,000 2,207,000 802,000 -1,180,000 -811,000 -1,937,000 1,027,000 456,000 -85,000 72,000 -128,000 229,000 1,361,000 -1,338,000 -36,000 -236,000 -658,000 111,000 
      accounts payable
    		595,000 -842,000 10,809,000 -8,179,000 12,923,000 3,073,000 6,529,000 -1,350,000 -5,032,000 11,634,000 -10,290,000 -7,489,000 6,312,000 1,862,000 -3,358,000 -947,000 586,000 6,181,000 -2,958,000 315,000 2,826,000 1,507,000 -334,000 
      accrued expenses and other current liabilities
    		-11,461,000 12,219,000 -1,416,000 11,062,000 -3,584,000 3,838,000 17,410,000 6,924,000 804,000 650,000 18,280,000 6,836,000 -5,052,000 -25,427,000 36,750,000 11,211,000 817,000 10,119,000 8,530,000 4,366,000 4,139,000 40,000 6,682,000 
      accrued compensation
    		1,483,000 -4,397,000                      
      operating lease liabilities
    		-12,295,000 -12,678,000 -19,228,000 -10,989,000 -10,353,000 -14,678,000 -8,950,000 -12,947,000 -11,241,000 -6,908,000 -420,000 -10,748,000 -11,068,000 -9,455,000 -6,756,000 -5,944,000 -5,019,000 -5,352,000 -5,587,000 -4,926,000 -5,401,000 -4,804,000  
      deferred revenue
    		46,854,000 35,789,000 88,075,000 17,238,000 20,659,000 9,036,000 53,398,000 24,615,000 34,579,000 21,881,000 50,295,000 17,432,000 18,476,000 16,001,000 24,250,000 12,419,000 13,075,000 14,646,000 6,764,000 5,054,000 6,926,000 6,445,000 996,000 
      other noncurrent liabilities
    		-280,000 262,000 103,000 594,000 199,000 64,000 903,000 428,000 197,000 430,000 -927,000 285,000 666,000 -277,000 -1,178,000 -4,845,000 861,000 535,000 802,000 986,000 197,000 -1,593,000 -1,634,000 
      net cash from operating activities
    		99,796,000 145,784,000 127,308,000 104,727,000 74,815,000 73,579,000 85,441,000 68,100,000 64,451,000 36,414,000 78,123,000 42,688,000 38,251,000 -35,467,000 40,617,000 -6,918,000 7,455,000 23,494,000 -8,813,000 1,973,000 3,987,000 -14,276,000 -8,574,000 
      capex
    		-66,516,000 -92,917,000 -79,554,000 -59,448,000 -36,540,000 -37,972,000 -34,725,000 -33,225,000 -44,481,000 -22,511,000 -44,463,000 -47,302,000 -42,665,000 -28,934,000 -31,981,000 -32,814,000 -17,230,000 -25,713,000 -14,667,000 -19,827,000 -24,141,000 -16,327,000 -14,966,000 
      free cash flows
    		33,280,000 52,867,000 47,754,000 45,279,000 38,275,000 35,607,000 50,716,000 34,875,000 19,970,000 13,903,000 33,660,000 -4,614,000 -4,414,000 -64,401,000 8,636,000 -39,732,000 -9,775,000 -2,219,000 -23,480,000 -17,854,000 -20,154,000 -30,603,000 -23,540,000 
      cash flows from investing activities
    		                       
      purchases of property and equipment
    		-59,897,000 -85,889,000 -73,153,000 -50,203,000 -29,625,000 -32,056,000 -30,816,000 -27,291,000 -38,748,000 -17,541,000 -40,145,000 -41,896,000 -37,084,000 -24,481,000 -28,334,000 -28,812,000 -13,572,000 -22,268,000 -10,413,000 -15,357,000 -19,200,000 -11,405,000 -12,308,000 
      capitalized internal-use software
    		-6,619,000 -7,028,000 -6,401,000 -9,245,000 -6,915,000 -5,916,000 -3,909,000 -5,934,000 -5,733,000 -4,970,000 -4,318,000 -5,406,000 -5,581,000 -4,453,000 -3,647,000 -4,002,000 -3,658,000 -3,445,000 -4,254,000 -4,470,000 -4,941,000 -4,922,000 -2,658,000 
      asset acquisitions and business combinations, net of cash acquired
    		-1,606,000 -4,856,000 -22,976,000 -1,038,000                    
      purchases of available-for-sale securities
    		-1,127,103,000 -403,672,000 -384,826,000 -396,612,000 -491,680,000 -298,995,000 -584,499,000 -497,918,000 -318,890,000 -476,206,000 -377,854,000 -332,723,000 -157,833,000 -264,541,000 -528,382,000 -679,678,000 -192,828,000 -188,377,000 -310,868,000 -376,710,000 -468,828,000 -110,609,000 -380,307,000 
      maturities of available-for-sale securities
    		402,056,000 408,769,000 320,315,000 380,687,000 358,451,000 433,903,000 523,651,000 430,908,000 363,468,000 493,988,000 402,350,000 332,384,000 226,988,000 187,048,000 201,215,000 251,960,000 252,522,000 261,822,000 325,204,000 191,212,000 192,252,000 131,580,000 42,600,000 
      other investing activities
    		144,000 238,000 9,000 11,000 4,000 14,000 9,000 6,000 11,000 48,000 11,000 0 23,000 2,000 0 3,000 6,000 44,000 2,000 172,000 0 223,000 14,000 
      net cash from investing activities
    		-793,025,000 -92,438,000 -167,032,000 -76,400,000 -183,742,000 96,950,000 -101,647,000 -100,229,000 108,000 15,567,000 -19,956,000 -48,887,000 -56,048,000 -110,805,000 -354,795,000 -444,773,000 42,470,000 47,776,000 -579,000 -205,153,000 -300,769,000 -8,772,000 -352,659,000 
      cash flows from financing activities
    		                       
      proceeds from settlement of the 2025 capped calls
    		                       
      gross proceeds from issuance of 2030 convertible senior notes
    		                       
      purchases of capped calls related to the 2030 convertible senior notes
    		                       
      cash paid for issuance costs on 2030 convertible senior notes
    		                       
      cash paid for issuance costs on revolving credit facility
    		  0 0                    
      proceeds from the exercise of stock options
    		6,713,000 11,229,000 3,874,000 1,417,000 3,192,000 4,422,000 3,467,000 4,325,000 3,754,000 3,305,000 1,870,000 2,153,000 2,971,000 3,006,000 4,583,000 5,283,000 3,555,000 7,964,000 1,733,000 1,389,000 1,660,000 2,675,000 159,000 
      proceeds from the early exercise of stock options
    		  0 0       51,000 0 0 62,000 20,000 0 0 95,000 61,000 100,000 48,000 32,000 38,000 
      proceeds from the issuance of common stock for employee stock purchase plan
    		  9,341,000 0   8,633,000 0   6,604,000 -1,000   7,810,000 0   5,476,000 0    
      payment of tax withholding obligation on rsu settlement
    		-10,510,000 -7,707,000 -4,183,000 -3,828,000 -4,362,000 -4,401,000 -2,310,000 -2,260,000 -1,325,000 -2,058,000 -506,000 -713,000 -516,000 -748,000 -1,601,000 -943,000 -560,000 -530,000 -494,000 -299,000 -193,000 -7,115,000  
      net cash from financing activities
    		2,007,603,000 3,522,000 8,032,000 -2,411,000 7,143,000 21,000 9,790,000 -34,610,000 -168,612,000 1,247,000 8,019,000 1,439,000 11,143,000 -14,254,000 9,774,000 820,183,000 10,150,000 7,379,000 6,732,000 1,156,000 501,702,000 -4,678,000 -1,497,000 
      net increase in cash, cash equivalents, and restricted cash
    		1,314,374,000 56,868,000 -31,692,000 25,916,000 -101,784,000 170,550,000    53,228,000 66,186,000 -4,760,000 -6,654,000 -160,526,000 -304,404,000 368,492,000 60,075,000 78,649,000 -2,660,000 -202,024,000 204,920,000 -27,726,000 -362,730,000 
      cash, cash equivalents, and restricted cash, beginning of period
    		0 154,214,000 0 0 0 91,224,000 0 0 0 215,204,000 0 0 0 320,958,000 0 0 0 118,146,000 0 0 0 145,636,000 0 
      cash, cash equivalents, and restricted cash, end of period
    		1,314,374,000 211,082,000 -31,692,000 25,916,000 -101,784,000 261,774,000 -6,416,000 -66,739,000 -104,053,000 268,432,000 66,186,000 -4,760,000 -6,654,000 160,432,000 -304,404,000 368,492,000 60,075,000 196,795,000 -2,660,000 -202,024,000 204,920,000 117,910,000 -362,730,000 
      supplemental disclosure of cash flow information:
    		                       
      cash paid for interest
    		7,000 2,000 5,000 7,000 55,000 8,000 4,000 71,000 594,000 1,000  1,000 594,000 48,000 677,000 771,000 2,156,000 30,000  0 0 34,000 213,000 
      cash paid for income taxes, net of refunds
    		2,473,000 1,030,000 971,000 1,283,000 1,844,000 897,000 449,000 1,448,000 1,297,000 1,260,000  451,000 116,000 874,000 281,000 323,000 286,000 656,000  593,000    
      cash paid for operating lease liabilities
    		16,904,000 15,474,000 14,764,000 13,835,000 10,258,000 12,530,000  11,990,000 11,041,000 7,265,000  8,610,000 8,470,000 8,291,000 6,846,000 5,558,000 5,187,000 5,174,000  5,312,000 5,467,000 4,477,000  
      supplemental disclosure of non-cash investing and financing activities:
    		                       
      stock-based compensation capitalized for software development
    		2,332,000 2,529,000 2,332,000 3,557,000 2,511,000 2,439,000  2,117,000 1,885,000 1,640,000  1,225,000 1,547,000 1,109,000 814,000 856,000 882,000 660,000  928,000 1,054,000 578,000 547,000 
      accounts payable and accrued expenses related to property and equipment additions
    		5,058,000 46,032,000  22,151,000 -2,718,000 16,961,000  10,462,000 -4,929,000 13,276,000  -6,781,000 18,295,000 16,922,000 -8,133,000 2,335,000 16,515,000 2,827,000  -575,000 129,000 4,522,000 2,280,000 
      vesting of early exercised stock options
    		   35,000 32,000 31,000  559,000 581,000 590,000  656,000 719,000 841,000 874,000 952,000 1,021,000 1,031,000  1,140,000 1,288,000 1,223,000 1,279,000 
      indemnity holdback consideration associated with asset acquisitions and business combinations
    		                       
      operating lease right-of-use assets obtained in exchange for operating lease liabilities
    		24,061,000 22,209,000  20,263,000 9,588,000 13,282,000  5,668,000 8,565,000 8,071,000  8,246,000 1,571,000 15,966,000 35,415,000 62,801,000 8,375,000 3,230,000  3,368,000 2,221,000 2,386,000  
      maturity of marketable securities in other current assets
    		                       
      reclassification of the 2025 capped calls from equity to derivative asset
    		 308,299,000                      
      loss on extinguishment of debt
    		      0 0       0         
      sales of available-for-sale securities
    		      0 0 0 20,248,000     9,958,000        0 
      repayments of convertible senior notes
    		      0 -35,400,000   0 0 0 -16,571,000          
      repurchases of unvested common stock
    		      0 0   0 0 0 -3,000 -1,000 -19,000 -19,000 -150,000 -44,000 -12,000 -31,000 -70,000 -128,000 
      payment of indemnity holdback
    		      0 -1,275,000       0         
      changes in operating assets and liabilities, net of effect of acquisitions:
    		                       
      indemnity holdback consideration associated with business combinations
    		           -97,000 9,307,000 1,275,000      -1,000 0 2,188,000  
      exchange of convertible senior notes attributable to the accreted interest related to debt discount
    		              0         
      gross proceeds from issuance of convertible senior notes
    		              0    0 0    
      purchases of capped calls related to convertible senior notes
    		              0    0 0    
      cash consideration paid in exchange of convertible senior debt
    		              0         
      cash paid for issuance costs on convertible senior notes
    		              -1,037,000    0 -22,000    
      cash paid for acquisitions, net of cash acquired
    		          0 -1,246,000 -82,561,000 -4,380,000     -250,000 0 -52,000 -13,639,000  
      net decrease in cash, cash equivalents, and restricted cash
    		       -66,739,000                
      issuance of common stock related to an acquisition
    		           0 63,547,000 1,957,000      0 717,000 1,104,000  
      adjustments to reconcile net income to cash provided (used in) by operating activities:
    		                       
      payments on note payable
    		                  0 0 0 -200,000 -37,000 
      payment of tax withholding obligation on common stock issued under employee stock purchase plan
    		                  0 0    
      debt issuance costs, accrued but not paid
    		                       
      issuance of common stock for exchange of convertible senior notes
    		              0         
      change in fair value of redeemable convertible preferred stock warrant liability
    		                      0 
      proceeds from initial public offering, net of underwriting discounts and commissions
    		                      0 
      proceeds from build-to-suit lease financing obligation drawdown
    		                      5,000 
      payments of deferred offering costs
    		                      -1,534,000 
      deferred offering costs, accrued but not paid
    		                      -1,534,000 
      derecognition of build-to-suit lease
    		                   0 0 9,886,000  
      conversion of redeemable convertible preferred stock to common stock
    		                      0 
      conversion of redeemable convertible preferred stock warrant liability reclassified to additional paid-in capital
    		                      0 
      proceeds from issuance of preferred stock, net of issuance costs
    		                       
      cash paid for income taxes
    		                     163,000  
      payments on related party promissory note payable
    		                       
      cash paid for taxes
    		                      364,000 
      liability for early exercise of unvested stock options
    		                       
    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.