v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
NET REVENUE $ 181,330 $ 164,502 $ 349,365 $ 320,742
COST OF REVENUE 104,072 92,008 198,861 182,779
GROSS PROFIT 77,258 72,494 150,504 137,963
Operating expenses:        
General and administrative 71,747 63,328 139,954 129,125
Research and development 9,023 7,886 19,204 15,506
Sales and marketing 24,075 21,677 46,758 41,898
Restructuring charges 0 1,544 0 3,942
Impairment charges (Note 5) 20,041 0 20,041 0
Total operating expenses 124,886 94,435 225,957 190,471
LOSS FROM OPERATIONS (47,628) (21,941) (75,453) (52,508)
Interest income (2,263) (4,592) (5,984) (9,426)
Interest expense 933 1,666 2,551 3,351
Other (income) expense, net (482) 2 (547) 265
Loss before taxes (45,816) (19,017) (71,473) (46,698)
Income tax benefit (724) (375) (458) (995)
NET LOSS $ (45,092) $ (18,642) $ (71,015) $ (45,703)
NET LOSS PER SHARE        
Basic (in dollars per share) $ (0.35) $ (0.15) $ (0.56) $ (0.36)
Diluted (in dollars per share) $ (0.35) $ (0.15) $ (0.56) $ (0.36)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic (in shares) 127,949 126,405 127,664 126,257
Diluted (in shares) 127,949 126,405 127,664 126,257

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