RingCentral, Inc(NYSE:RNG) 
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messag...
Website: http://www.ringcentral.com
Founded: 1999
Full Time Employees: 3,900 (Dec 2022)
CEO: Vlad Shmunis
Sector: Technology
Industry: Software-Application
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At a glance:
- UCaaS Core Drives Revenue, with Ongoing Mix Shift: RingCentral’s revenue base is primarily driven by its unified communications-as-a-service (UCaaS) subscriptions, with continued emphasis on higher-value enterprise and multi-product adoption to support longer-term growth and retention.
- Profitability Focus and Cost Discipline Remain Key Themes: Management has been prioritizing operating efficiency through expense controls and restructuring actions, aiming to expand margins and improve the durability of earnings as growth normalizes.
- Channel Strategy (Telco/Carrier and Partners) Is Central to Go-to-Market: Strategic partnerships—particularly with telecom carriers and other channel partners—remain a major driver of customer acquisition and distribution, but performance can vary based on partner execution and demand environment.
- Competitive UCaaS Market Pressures Pricing and Retention: RingCentral operates in a highly competitive landscape (including large platform vendors), which can pressure pricing, elevate customer acquisition costs, and increase churn risk without continued product innovation and service quality.
- Balance Sheet and Cash Generation Progress Watched Closely: Investors commonly focus on RingCentral’s trajectory in free cash flow and leverage, including how cash generation, debt management, and capital allocation (e.g., repurchases) evolve alongside revenue growth.
Bull Thesis:
- Strong UCaaS Market Position and Growth: RingCentral maintains a leading position in the rapidly expanding Unified Communications as a Service (UCaaS) market. The ongoing digital transformation and enterprise shift from legacy on-premise systems to cloud-based communication solutions provide a significant tailwind for continued growth.
- Strategic Partnerships Driving Enterprise Expansion: Key partnerships with established players like Avaya, Atos, and Mitel provide RingCentral with significant access to large enterprise customer bases and global distribution channels. These alliances accelerate market penetration and revenue growth in the lucrative enterprise segment.
- Improving Operating Leverage and Path to Profitability: Management's focus on cost efficiency, disciplined spending, and scaling operations is leading to improving operating leverage. The company has demonstrated progress towards sustainable profitability and a clear trajectory towards positive free cash flow generation in the coming periods, which should enhance investor confidence.
Bear Thesis:
- Intense Competition and Pricing Pressure: The UCaaS market is highly competitive, with formidable rivals such as Microsoft Teams, Zoom Phone, Cisco Webex, and 8x8. This intense competition can lead to pricing pressure, increased sales and marketing expenses, and potential market share erosion, impacting RingCentral's margins and growth rates.
- Persistent Free Cash Flow Negativity and Profitability Concerns: Despite efforts, RingCentral has historically struggled to consistently generate positive free cash flow. Continued negative FCF and a slower-than-expected path to GAAP profitability could raise concerns among investors, especially in a market environment that increasingly prioritizes financial discipline and cash generation over pure growth.
- Risks Associated with Key Partnership Health: A significant portion of RingCentral's growth relies on its strategic partnerships. The financial health or strategic shifts of key partners, such as Avaya (which has faced past financial difficulties and restructuring), could pose a risk to RingCentral's revenue streams, growth trajectory, and overall business stability.
- Macroeconomic Headwinds Impacting IT Spending: Economic uncertainties and potential slowdowns can lead businesses to defer or reduce IT spending, including investments in new communication solutions. This could result in slower customer acquisition, longer sales cycles, increased churn, and a negative impact on RingCentral's top-line growth and financial performance.
Main Competitors:
- Microsoft Corporation ($MSFT) (Microsoft Teams (Teams Phone, Teams Meetings, Teams Chat, Teams Premium, Azure Communication Services)), Microsoft competes fiercely with RingCentral through its Microsoft Teams platform, which offers a comprehensive suite of unified communications features including voice calling (Teams Phone), video conferencing, team messaging, and collaboration tools. Its primary competitive advantage lies in its deep integration with the broader Microsoft 365 ecosystem, allowing it to bundle services and leverage its massive enterprise customer base. Microsoft often appeals to organizations already heavily invested in its productivity suite, offering a single vendor solution.
- Zoom Video Communications, Inc. ($ZM) (Zoom Phone, Zoom Meetings, Zoom Team Chat, Zoom Contact Center), Zoom, initially known for its dominant video conferencing platform (Zoom Meetings), has aggressively expanded into RingCentral's core UCaaS and CCaaS markets with Zoom Phone and Zoom Contact Center. Zoom competes by offering a highly user-friendly experience, strong brand recognition, and a focus on innovation in video and collaboration. Its strategy involves leveraging its existing large user base from video conferencing to cross-sell its phone and contact center solutions, often appealing to businesses looking for a modern, intuitive, and integrated communication platform.
- Cisco Systems, Inc. ($CSCO) (Webex by Cisco (Webex Calling, Webex Meetings, Webex Messaging, Webex Contact Center)), Cisco, a long-standing leader in enterprise networking and on-premises communications, competes with RingCentral through its Webex suite. Webex offers cloud-based UCaaS (Webex Calling, Meetings, Messaging) and CCaaS solutions. Cisco leverages its extensive installed base of enterprise customers, strong channel partnerships, and reputation for security and reliability. While historically strong in on-premises solutions, Cisco is actively transitioning its customers to cloud-based Webex offerings, competing on enterprise-grade features, global reach, and integration with its broader networking portfolio.
- 8x8, Inc. ($EGHT) (8x8 XCaaS (eXperience Communications as a Service)), 8x8 is a direct pure-play competitor to RingCentral, offering a comprehensive cloud-based UCaaS and CCaaS platform under its XCaaS umbrella. 8x8 competes by providing an integrated solution for voice, video, chat, and contact center functionalities, often targeting mid-market and enterprise customers. Its competitive strategy focuses on delivering a unified platform, global presence, and strong analytics, often positioning itself as a robust, all-in-one alternative to RingCentral, particularly for businesses seeking a single vendor for all their communication needs.
Moat:
RingCentral operates in a highly competitive and rapidly evolving market for cloud communications. Its primary moat stems from its early mover advantage in cloud UCaaS, a robust and scalable platform with extensive global PSTN connectivity, and a strong focus on enterprise-grade features and reliability. The company also benefits from a broad ecosystem of integrations and strategic channel partnerships. However, the competitive landscape is intense, featuring tech giants like Microsoft and Google leveraging their vast ecosystems and bundling capabilities, as well as agile pure-play cloud providers like Zoom and 8x8. Competition is driven by feature innovation (especially AI integration), platform integration (UCaaS + CCaaS convergence), global reach, and pricing, requiring RingCentral to continuously innovate and differentiate its offerings to maintain its market position.
Income Statements:
Quarterly
Annual
| Unit: USD | 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 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
subscriptions | 615,821,000 | 598,728,000 | 590,112,000 | 589,677,000 | 582,970,000 | 567,058,000 | 557,487,000 | 547,373,000 | 531,030,000 | 513,632,000 | 508,294,000 | 501,616,000 | 483,229,000 | 462,984,000 | 439,927,000 | 420,214,000 | 385,440,000 | 351,203,000 | 325,223,000 | 306,495,000 | 279,639,000 | 257,038,000 | 243,104,000 | 48,678,250 | 70,321,000 | 64,441,000 | 59,951,000 | ||||||||||||||||||||||
other | 22,834,000 | 21,670,000 | 21,944,000 | 24,835,000 | 25,795,000 | 25,849,000 | 26,724,000 | 23,898,000 | 27,134,000 | 25,673,000 | 25,395,000 | 23,130,000 | 25,803,000 | 23,912,000 | 27,729,000 | 28,282,000 | 29,189,000 | 28,070,000 | 27,133,000 | 28,041,000 | 23,985,000 | 20,947,000 | 24,408,000 | 23,460,000 | 22,446,000 | 20,360,000 | 18,781,000 | 16,723,000 | 15,757,000 | 14,873,000 | 13,383,000 | 10,873,000 | 10,363,000 | 9,023,000 | 8,104,000 | 6,551,000 | 4,986,000 | 5,777,000 | 6,560,000 | ||||||||||
total revenues | 638,655,000 | 620,398,000 | 612,056,000 | 614,512,000 | 608,765,000 | 592,907,000 | 584,211,000 | 571,271,000 | 558,164,000 | 539,305,000 | 533,689,000 | 524,746,000 | 509,032,000 | 486,896,000 | 467,656,000 | 448,496,000 | 414,629,000 | 379,273,000 | 352,356,000 | 334,536,000 | 303,624,000 | 277,985,000 | 267,512,000 | 252,865,000 | 233,352,000 | 215,152,000 | 201,489,000 | 188,624,000 | 173,825,000 | 160,832,000 | 150,343,000 | 140,535,000 | 129,764,000 | 119,436,000 | 111,791,000 | 104,503,000 | 96,839,000 | 91,844,000 | 86,538,000 | 83,439,000 | 76,780,000 | 70,691,000 | 65,318,000 | 61,894,000 | 56,944,000 | 52,787,000 | 48,262,000 | 45,342,000 | 41,934,000 |
yoy | 4.91% | 4.64% | 4.77% | 7.57% | 9.07% | 9.94% | 9.47% | 8.87% | 9.65% | 10.76% | 14.12% | 17.00% | 22.77% | 28.38% | 32.72% | 34.07% | 36.56% | 36.44% | 31.72% | 32.30% | 30.11% | 29.20% | 32.77% | 34.06% | 34.25% | 33.77% | 34.02% | 34.22% | 33.95% | 34.66% | 34.49% | 34.48% | 34.00% | 30.04% | 29.18% | 25.24% | 26.13% | 29.92% | 32.49% | 34.81% | 34.83% | 33.92% | 35.34% | 36.50% | 35.79% | ||||
qoq | 2.94% | 1.36% | -0.40% | 0.94% | 2.67% | 1.49% | 2.27% | 2.35% | 3.50% | 1.05% | 1.70% | 3.09% | 4.55% | 4.11% | 4.27% | 8.17% | 9.32% | 7.64% | 5.33% | 10.18% | 9.22% | 3.91% | 5.79% | 8.36% | 8.46% | 6.78% | 6.82% | 8.51% | 8.08% | 6.98% | 6.98% | 8.30% | 8.65% | 6.84% | 6.97% | 7.91% | 5.44% | 6.13% | 3.71% | 8.67% | 8.61% | 8.23% | 5.53% | 8.69% | 7.88% | 9.38% | 6.44% | 8.13% | |
cost of revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
total cost of revenues | 180,326,000 | 178,950,000 | 180,450,000 | 178,174,000 | 180,184,000 | 176,670,000 | 170,479,000 | 170,224,000 | 168,974,000 | 164,417,000 | 160,676,000 | 160,593,000 | 167,474,000 | 158,190,000 | 155,474,000 | 136,016,000 | 110,449,000 | 104,923,000 | 96,981,000 | 91,212,000 | 82,314,000 | 76,637,000 | 73,444,000 | 66,873,000 | 59,705,000 | 53,630,000 | 50,835,000 | 44,115,000 | 39,274,000 | 38,066,000 | 35,674,000 | 33,620,000 | 30,784,000 | 29,561,000 | 27,306,000 | 24,652,000 | 23,455,000 | 22,364,000 | 21,740,000 | 22,862,000 | 22,333,000 | 21,529,000 | 20,547,000 | 19,922,000 | 19,405,000 | 19,543,000 | 17,903,000 | 17,152,000 | 15,968,000 |
gross profit | 458,329,000 | 441,448,000 | 431,606,000 | 436,338,000 | 428,581,000 | 416,237,000 | 413,732,000 | 401,047,000 | 389,190,000 | 374,888,000 | 373,013,000 | 364,153,000 | 341,558,000 | 328,706,000 | 312,182,000 | 312,480,000 | 304,180,000 | 274,350,000 | 255,375,000 | 243,324,000 | 221,310,000 | 201,348,000 | 194,068,000 | 185,992,000 | 173,647,000 | 161,522,000 | 150,654,000 | 144,509,000 | 134,551,000 | 122,766,000 | 114,669,000 | 106,915,000 | 98,980,000 | 89,875,000 | 84,485,000 | 79,851,000 | 73,384,000 | 69,480,000 | 64,798,000 | 60,577,000 | 54,447,000 | 49,162,000 | 44,771,000 | 41,972,000 | 37,539,000 | 33,244,000 | 30,359,000 | 28,190,000 | 25,966,000 |
yoy | 6.94% | 6.06% | 4.32% | 8.80% | 10.12% | 11.03% | 10.92% | 10.13% | 13.95% | 14.05% | 19.49% | 16.54% | 12.29% | 19.81% | 22.24% | 28.42% | 37.45% | 36.26% | 31.59% | 30.82% | 27.45% | 24.66% | 28.82% | 28.71% | 29.06% | 31.57% | 31.38% | 35.16% | 35.94% | 36.60% | 35.73% | 33.89% | 34.88% | 29.35% | 30.38% | 31.82% | 34.78% | 41.33% | 44.73% | 44.33% | 45.04% | 47.88% | 47.47% | 48.89% | 44.57% | ||||
qoq | 3.82% | 2.28% | -1.08% | 1.81% | 2.97% | 0.61% | 3.16% | 3.05% | 3.82% | 0.50% | 2.43% | 6.62% | 3.91% | 5.29% | -0.10% | 2.73% | 10.87% | 7.43% | 4.95% | 9.95% | 9.91% | 3.75% | 4.34% | 7.11% | 7.51% | 7.21% | 4.25% | 7.40% | 9.60% | 7.06% | 7.25% | 8.02% | 10.13% | 6.38% | 5.80% | 8.81% | 5.62% | 7.23% | 6.97% | 11.26% | 10.75% | 9.81% | 6.67% | 11.81% | 12.92% | 9.50% | 7.69% | 8.57% | |
gross margin % | 71.76% | 71.16% | 70.52% | 71.01% | 70.40% | 70.20% | 70.82% | 70.20% | 69.73% | 69.51% | 69.89% | 69.40% | 67.10% | 67.51% | 66.75% | 69.67% | 73.36% | 72.34% | 72.48% | 72.73% | 72.89% | 72.43% | 72.55% | 73.55% | 74.41% | 75.07% | 74.77% | 76.61% | 77.41% | 76.33% | 76.27% | 76.08% | 76.28% | 75.25% | 75.57% | 76.41% | 75.78% | 75.65% | 74.88% | 72.60% | 70.91% | 69.54% | 68.54% | 67.81% | 65.92% | 62.98% | 62.90% | 62.17% | 61.92% |
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 79,908,000 | 77,539,000 | 81,983,000 | 84,901,000 | 84,144,000 | 79,750,000 | 80,528,000 | 84,886,000 | 85,444,000 | 80,280,000 | 85,241,000 | 88,764,000 | 86,700,000 | 96,518,000 | 90,274,000 | 86,781,000 | 84,121,000 | 76,161,000 | 62,676,000 | 56,574,000 | 48,481,000 | 43,519,000 | 40,910,000 | 38,658,000 | 35,286,000 | 32,632,000 | 29,787,000 | 27,230,000 | 26,347,000 | 24,814,000 | 22,651,000 | 20,362,000 | 19,082,000 | 18,617,000 | 17,087,000 | 17,417,000 | 16,490,000 | 16,681,000 | 14,926,000 | 15,312,000 | 13,475,000 | 12,297,000 | 11,840,000 | 12,104,000 | 11,931,000 | 10,874,000 | 9,673,000 | 9,139,000 | 8,150,000 |
sales and marketing | 281,558,000 | 263,585,000 | 274,898,000 | 277,255,000 | 276,976,000 | 269,487,000 | 272,730,000 | 272,628,000 | 270,767,000 | 264,443,000 | 260,212,000 | 275,464,000 | 261,914,000 | 265,398,000 | 254,455,000 | 246,398,000 | 225,111,000 | 203,398,000 | 179,249,000 | 161,842,000 | 152,986,000 | 137,633,000 | 131,312,000 | 126,077,000 | 109,882,000 | 103,590,000 | 99,551,000 | 91,894,000 | 86,279,000 | 79,023,000 | 71,920,000 | 73,310,000 | 67,071,000 | 60,794,000 | 58,894,000 | 54,701,000 | 50,306,000 | 45,662,000 | 41,828,000 | 38,378,000 | 34,878,000 | 34,626,000 | 31,969,000 | 28,485,000 | 26,697,000 | 25,688,000 | 23,957,000 | 19,981,000 | 18,889,000 |
general and administrative | 66,056,000 | 63,361,000 | 64,385,000 | 58,545,000 | 64,170,000 | 72,359,000 | 71,373,000 | 88,576,000 | 87,154,000 | 75,227,000 | 82,091,000 | 75,088,000 | 72,261,000 | 74,554,000 | 70,995,000 | 82,560,000 | 78,083,000 | 68,172,000 | 55,461,000 | 53,651,000 | 49,513,000 | 49,532,000 | 47,336,000 | 41,626,000 | 39,142,000 | 32,480,000 | 28,779,000 | 28,789,000 | 28,952,000 | 23,583,000 | 21,449,000 | 19,428,000 | 19,073,000 | 18,007,000 | 15,805,000 | 14,340,000 | 13,649,000 | 13,441,000 | 14,024,000 | 12,883,000 | 11,922,000 | 11,778,000 | 10,531,000 | 10,726,000 | 9,725,000 | 9,492,000 | 8,967,000 | 9,425,000 | 7,078,000 |
total operating expenses | 427,522,000 | 404,485,000 | 421,266,000 | 420,701,000 | 425,290,000 | 421,596,000 | 424,631,000 | 446,090,000 | 443,365,000 | 419,950,000 | 427,544,000 | 619,763,000 | 524,117,000 | 436,470,000 | 415,724,000 | 415,739,000 | 387,315,000 | 347,731,000 | 297,386,000 | 272,067,000 | 250,980,000 | 230,684,000 | 219,558,000 | 206,361,000 | 184,310,000 | 168,702,000 | 158,117,000 | 147,913,000 | 141,578,000 | 127,420,000 | 116,020,000 | 113,100,000 | 105,226,000 | 97,418,000 | 91,786,000 | 86,458,000 | 80,445,000 | 75,784,000 | 70,778,000 | 66,573,000 | 60,275,000 | 58,701,000 | 54,340,000 | 51,315,000 | 48,353,000 | 46,054,000 | 42,597,000 | 38,545,000 | 34,117,000 |
income from operations | 30,807,000 | 36,963,000 | 10,340,000 | 15,637,000 | 3,291,000 | -5,359,000 | -10,899,000 | -45,043,000 | -54,175,000 | -45,062,000 | -54,531,000 | -255,610,000 | -182,559,000 | -107,764,000 | -103,542,000 | -103,259,000 | -83,135,000 | -73,381,000 | -42,011,000 | -28,743,000 | -29,670,000 | -29,336,000 | -25,490,000 | -20,369,000 | -10,663,000 | -7,180,000 | -7,463,000 | -3,404,000 | -7,027,000 | -4,654,000 | -1,351,000 | -6,185,000 | -6,246,000 | -7,543,000 | -7,301,000 | -6,607,000 | -7,061,000 | -6,304,000 | -5,980,000 | -5,996,000 | -5,828,000 | -9,539,000 | -9,569,000 | -9,343,000 | -10,814,000 | -12,810,000 | -12,238,000 | -10,355,000 | -8,151,000 |
yoy | 836.10% | -789.74% | -194.87% | -134.72% | -106.07% | -88.11% | -80.01% | -82.38% | -70.32% | -58.18% | -47.33% | 147.54% | 119.59% | 46.86% | 146.46% | 259.25% | 180.20% | 150.14% | 64.81% | 41.11% | 178.25% | 308.58% | 241.55% | 498.38% | 51.74% | 54.28% | 452.41% | -44.96% | 12.50% | -38.30% | -81.50% | -6.39% | -11.54% | 19.65% | 22.09% | 10.19% | 21.16% | -33.91% | -37.51% | -35.82% | -46.11% | -25.53% | -21.81% | -9.77% | 32.67% | ||||
qoq | -16.65% | 257.48% | -33.87% | 375.14% | -161.41% | -50.83% | -75.80% | -16.86% | 20.22% | -17.36% | -78.67% | 40.02% | 69.41% | 4.08% | 0.27% | 24.21% | 13.29% | 74.67% | 46.16% | -3.12% | 1.14% | 15.09% | 25.14% | 91.03% | 48.51% | -3.79% | 119.24% | -51.56% | 50.99% | 244.49% | -78.16% | -0.98% | -17.19% | 3.31% | 10.50% | -6.43% | 12.01% | 5.42% | -0.27% | 2.88% | -38.90% | -0.31% | 2.42% | -13.60% | -15.58% | 4.67% | 18.18% | 27.04% | |
operating margin % | 4.82% | 5.96% | 1.69% | 2.54% | 0.54% | -0.90% | -1.87% | -7.88% | -9.71% | -8.36% | -10.22% | -48.71% | -35.86% | -22.13% | -22.14% | -23.02% | -20.05% | -19.35% | -11.92% | -8.59% | -9.77% | -10.55% | -9.53% | -8.06% | -4.57% | -3.34% | -3.70% | -1.80% | -4.04% | -2.89% | -0.90% | -4.40% | -4.81% | -6.32% | -6.53% | -6.32% | -7.29% | -6.86% | -6.91% | -7.19% | -7.59% | -13.49% | -14.65% | -15.10% | -18.99% | -24.27% | -25.36% | -22.84% | -19.44% |
other income | 179,000 | -4,820,000 | 1,402,000 | 2,280,000 | 1,073,000 | 9,803,000 | 1,944,000 | 16,442,000 | 20,441,000 | 35,651,000 | 5,429,000 | -49,500,000 | -45,219,000 | 2,188,000 | -47,062,000 | -21,223,000 | 58,543,000 | 43,548,000 | 21,824,000 | 42,603,000 | -27,517,000 | 129,000 | 2,926,000 | 3,141,000 | 3,051,000 | 2,531,000 | 2,533,000 | 1,338,000 | 73,000 | 178,000 | 613,000 | 578,000 | 122,000 | -95,000 | -696,000 | -1,217,000 | -367,000 | -670,000 | -319,000 | 238,000 | -556,000 | -439,000 | -648,000 | 93,000 | -37,000 | 172,000 | 348,000 | ||
interest expense | -13,940,000 | -16,466,000 | -16,115,000 | -16,327,000 | -16,393,000 | -16,021,000 | -16,254,000 | -16,505,000 | -12,162,000 | -5,118,000 | -2,212,000 | -1,194,000 | -1,178,000 | -1,203,000 | -1,232,000 | -16,185,000 | -15,977,000 | -15,942,000 | -16,278,000 | -16,501,000 | -12,680,000 | -12,598,000 | -7,502,000 | -5,232,000 | -5,160,000 | -5,088,000 | -5,032,000 | -4,939,000 | -4,916,000 | -4,836,000 | -1,411,000 | -5,000 | -6,000 | -9,000 | -79,000 | -161,000 | -176,000 | -193,000 | -216,000 | -196,000 | -245,000 | -279,000 | -403,000 | -425,000 | -505,000 | -476,000 | -601,000 | -3,162,000 | -995,000 |
other expense | -13,761,000 | -21,286,000 | -14,713,000 | -48,681,250 | -100,006,000 | -35,019,000 | |||||||||||||||||||||||||||||||||||||||||||
gain before income taxes | 17,046,000 | 15,677,000 | -149,993,000 | -110,546,000 | 254,000 | ||||||||||||||||||||||||||||||||||||||||||||
provision for income taxes | -513,000 | 2,484,000 | 5,955,000 | 8,778,000 | -4,176,000 | 3,176,000 | 3,285,000 | 2,137,000 | -3,780,000 | 6,953,000 | 3,085,000 | 2,213,000 | 873,000 | 1,048,000 | 979,000 | 1,101,000 | 577,000 | 410,000 | 440,000 | 131,000 | 431,000 | 160,000 | 212,000 | -215,000 | -148,000 | 116,000 | -3,086,000 | 27,000 | 57,000 | 83,000 | 46,000 | 57,000 | 50,000 | 79,000 | -56,000 | -1,369,000 | 83,000 | -87,000 | 19,000 | 137,000 | 28,000 | 21,000 | 54,000 | ||||||
net income | 17,559,000 | 13,193,000 | -10,328,000 | -7,188,000 | -7,853,000 | -14,753,000 | -28,494,000 | -47,243,000 | -42,116,000 | -21,482,000 | -54,399,000 | -284,063,000 | -284,616,000 | -159,515,000 | -150,972,000 | -118,357,000 | -146,751,000 | -110,956,000 | -186,000 | -1,827,000 | -20,957,000 | 509,000 | -60,721,000 | -25,257,000 | -12,749,000 | -9,243,000 | -6,358,000 | -5,678,000 | -9,518,000 | -8,291,000 | -2,716,000 | -6,089,000 | -5,712,000 | -7,031,000 | -7,309,000 | -6,946,000 | -7,979,000 | -7,771,000 | -6,613,000 | -6,941,000 | -6,336,000 | -8,211,000 | -10,611,000 | -10,120,000 | -11,986,000 | -13,330,000 | -12,904,000 | -13,366,000 | -8,852,000 |
yoy | -323.60% | -189.43% | -63.75% | -84.79% | -81.35% | -31.32% | -47.62% | -83.37% | -85.20% | -86.53% | -63.97% | 140.01% | 93.94% | 43.76% | 81067.74% | 6378.22% | 600.25% | -21898.82% | -99.69% | -92.77% | 64.38% | -105.51% | 855.03% | 344.82% | 33.95% | 11.48% | 134.09% | -6.75% | 66.63% | 17.92% | -62.84% | -12.34% | -28.41% | -9.52% | 10.52% | 0.07% | 25.93% | -5.36% | -37.68% | -31.41% | -47.14% | -38.40% | -17.77% | -24.29% | 35.40% | ||||
qoq | 33.09% | -227.74% | 43.68% | -8.47% | -46.77% | -48.22% | -39.69% | 12.17% | 96.05% | -60.51% | -80.85% | -0.19% | 78.43% | 5.66% | 27.56% | -19.35% | 32.26% | 59553.76% | -89.82% | -91.28% | -4217.29% | -100.84% | 140.41% | 98.11% | 37.93% | 45.38% | 11.98% | -40.34% | 14.80% | 205.27% | -55.39% | 6.60% | -18.76% | -3.80% | 5.23% | -12.95% | 2.68% | 17.51% | -4.73% | 9.55% | -22.84% | -22.62% | 4.85% | -15.57% | -10.08% | 3.30% | -3.46% | 50.99% | |
net income margin % | 2.75% | 2.13% | -1.69% | -1.17% | -1.29% | -2.49% | -4.88% | -8.27% | -7.55% | -3.98% | -10.19% | -54.13% | -55.91% | -32.76% | -32.28% | -26.39% | -35.39% | -29.25% | -0.05% | -0.55% | -6.90% | 0.18% | -22.70% | -9.99% | -5.46% | -4.30% | -3.16% | -3.01% | -5.48% | -5.16% | -1.81% | -4.33% | -4.40% | -5.89% | -6.54% | -6.65% | -8.24% | -8.46% | -7.64% | -8.32% | -8.25% | -11.62% | -16.25% | -16.35% | -21.05% | -25.25% | -26.74% | -29.48% | -21.11% |
net income per common share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 190 | 150 | -1,220 | 10 | -65 | -120 | |||||||||||||||||||||||||||||||||||||||||||
diluted | 190 | 140 | -1,220 | 10 | -65 | -120 | |||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares used in computing net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic | 90,141 | 90,710 | 91,181 | 88,254 | 79,903 | ||||||||||||||||||||||||||||||||||||||||||||
diluted | 91,964 | 92,056 | 91,181 | 94,145 | 79,903 | ||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -4,373,000 | 1,590,000 | -12,029,000 | -11,577,000 | -25,209,000 | -45,106,000 | -45,896,000 | -14,529,000 | -51,314,000 | -281,850,000 | -283,743,000 | -158,467,000 | -117,256,000 | -146,174,000 | -1,696,000 | -20,526,000 | 669,000 | -60,509,000 | -25,472,000 | -12,897,000 | -9,127,000 | -9,444,000 | -5,062,750 | -9,410,000 | -8,152,000 | -2,689,000 | -4,967,750 | -5,639,000 | -6,974,000 | -7,258,000 | |||||||||||||||||||
net loss per common share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -110 | -80 | -90 | -160 | -310 | -500 | -450 | -230 | -570 | -2,970 | -2,980 | -1,680 | -1,600 | -1,270 | -1,600 | -20 | -240 | -700 | -300 | -150 | -110 | -80 | -30 | -90 | -90 | -110 | -110 | -90 | -100 | -90 | -120 | -150 | -140 | -180 | -200 | -200 | 20 | -360 | |||||||||||
weighted-average number of shares used in computing net loss per share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 91,015 | 92,110 | 91,892 | 92,745 | 93,142 | 94,912 | 94,593 | 95,339 | 95,720 | 95,239 | 95,575 | 95,130 | 94,574 | 91,738 | 91,811 | 90,634 | 88,684 | 89,173 | 87,339 | 83,130 | 83,283 | 82,339 | 81,400 | 79,500 | 79,089 | 78,341 | 76,281 | 76,915 | 75,867 | 74,682 | 72,994 | 73,285 | 72,649 | 72,114 | 70,069 | 70,580 | 69,487 | 68,764 | 66,818 | 67,800 | 67,295 | 63,800 | 33,155 | 24,452 | |||||
asset write-down charge | 25,810,500 | 103,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||
software subscriptions | 147,101,500 | 210,906,000 | 194,792,000 | 182,708,000 | 171,901,000 | 158,068,000 | 145,959,000 | 136,960,000 | 129,662,000 | 119,401,000 | 110,413,000 | 103,687,000 | 97,952,000 | 91,853,000 | 86,067,000 | 79,978,000 | |||||||||||||||||||||||||||||||||
net loss per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -110 | -80 | -90 | -160 | -310 | -500 | -450 | -230 | -570 | -2,970 | -2,980 | -1,680 | -1,600 | -1,270 | -1,600 | -20 | -240 | -700 | -300 | -150 | -110 | -80 | -30 | -90 | -90 | -110 | -110 | -90 | -100 | -90 | -120 | -150 | -140 | -180 | -200 | -200 | 20 | -360 | |||||||||||
weighted-average number of shares used in computing net loss per share: | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 91,015 | 92,110 | 91,892 | 92,745 | 93,142 | 94,912 | 94,593 | 95,339 | 95,720 | 95,239 | 95,575 | 95,130 | 94,574 | 91,738 | 91,811 | 90,634 | 88,684 | 89,173 | 87,339 | 83,130 | 83,283 | 82,339 | 81,400 | 79,500 | 79,089 | 78,341 | 76,281 | 76,915 | 75,867 | 74,682 | 72,994 | 73,285 | 72,649 | 72,114 | 70,069 | 70,580 | 69,487 | 68,764 | 66,818 | 67,800 | 67,295 | 63,800 | 33,155 | 24,452 | |||||
benefit from income taxes | -134,000 | 108,000 | 139,000 | 45,250 | 73,000 | 51,000 | |||||||||||||||||||||||||||||||||||||||||||
* see note 2 for a summary of adjustments. | |||||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -100 | -65 | -70 | -100 | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares used in computing net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 91,015 | 92,110 | 91,892 | 92,745 | 93,142 | 94,912 | 94,593 | 95,339 | 95,720 | 95,239 | 95,575 | 95,130 | 94,574 | 91,738 | 91,811 | 90,634 | 88,684 | 89,173 | 87,339 | 83,130 | 83,283 | 82,339 | 81,400 | 79,500 | 79,089 | 78,341 | 76,281 | 76,915 | 75,867 | 74,682 | 72,994 | 73,285 | 72,649 | 72,114 | 70,069 | 70,580 | 69,487 | 68,764 | 66,818 | 67,800 | 67,295 | 63,800 | 33,155 | 24,452 | |||||
income before provision for income taxes | -6,863,000 | -7,933,000 | -7,714,000 | -6,563,000 | -6,862,000 | -6,392,000 | -9,580,000 | -10,528,000 | -10,207,000 | -11,967,000 | -13,193,000 | -12,876,000 | -13,345,000 | -8,798,000 | |||||||||||||||||||||||||||||||||||
revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||
product | 6,907,000 | 6,459,000 | 6,250,000 | 5,367,000 | 5,464,000 | 4,993,000 | 4,920,000 | 4,412,000 | 4,016,000 | 4,009,000 | |||||||||||||||||||||||||||||||||||||||
cost of revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||
other income, net: | |||||||||||||||||||||||||||||||||||||||||||||||||
services | 35,917,000 | 51,951,000 | 47,867,000 | 43,850,000 | 41,326,000 | 37,925,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 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 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 145,371,000 | 168,113,000 | 154,436,000 | 242,811,000 | 212,652,000 | 199,328,000 | 203,130,000 | 222,195,000 | 432,352,000 | 225,351,000 | 274,804,000 | 269,984,000 | 305,383,000 | 306,497,000 | 301,929,000 | 267,162,000 | 345,152,000 | 325,297,000 | 463,067,000 | 639,853,000 | 745,558,000 | 773,756,000 | 762,064,000 | 343,606,000 | 582,663,000 | 567,668,000 | 549,030,000 | 566,329,000 | 577,283,000 | 567,280,000 | 554,963,000 | 181,192,000 | 172,306,000 | 167,015,000 | 149,690,000 | 160,355,000 | 152,390,000 | 147,791,000 | 139,074,000 | 137,588,000 | 130,004,000 | 120,789,000 | 114,152,000 | 113,182,000 | 120,691,000 | 151,418,000 | 166,826,000 | 116,378,000 | 25,452,000 |
accounts receivable | 381,448,000 | 391,151,000 | 381,117,000 | 386,252,000 | 395,805,000 | 369,995,000 | 371,357,000 | 364,438,000 | 347,912,000 | 322,191,000 | 315,335,000 | 311,318,000 | 265,986,000 | 253,571,000 | 257,323,000 | 232,842,000 | 216,126,000 | 198,880,000 | 166,852,000 | 176,034,000 | 153,583,000 | 142,317,000 | 135,433,000 | 129,990,000 | 118,282,000 | 105,585,000 | 100,706,000 | 94,375,000 | 74,183,000 | 67,015,000 | 55,379,000 | 45,339,000 | 39,731,000 | 33,264,000 | 31,325,000 | 30,243,000 | 23,583,000 | 24,170,000 | 25,624,000 | 19,163,000 | 15,187,000 | 12,242,000 | 11,572,000 | 7,651,000 | 7,443,000 | 5,118,000 | 3,873,000 | 3,045,000 | 2,492,000 |
deferred and prepaid sales commission costs | 171,044,000 | 176,099,000 | 179,158,000 | 182,615,000 | 185,906,000 | 186,429,000 | 184,816,000 | 184,620,000 | 176,197,000 | 170,536,000 | 181,358,000 | 158,865,000 | 151,292,000 | 126,854,000 | 110,019,000 | 102,572,000 | 91,948,000 | 83,192,000 | 73,578,000 | 63,726,000 | 53,212,000 | 46,577,000 | 39,775,000 | 36,589,000 | |||||||||||||||||||||||||
prepaid expenses and other current assets | 64,634,000 | 64,890,000 | 65,531,000 | 59,444,000 | 64,612,000 | 72,158,000 | 71,728,000 | 77,396,000 | 95,858,000 | 85,465,000 | 79,533,000 | 55,849,000 | 51,939,000 | 52,376,000 | 51,484,000 | 48,165,000 | 40,371,000 | 40,739,000 | 40,206,000 | 46,516,000 | 40,251,000 | 39,366,000 | 34,312,000 | 25,354,000 | 31,904,000 | 33,127,000 | 29,708,000 | 23,772,000 | 29,823,000 | 24,643,000 | 24,118,000 | 21,512,000 | 22,185,000 | 17,936,000 | 17,351,000 | 15,250,000 | 16,644,000 | 14,624,000 | 12,949,000 | 11,978,000 | 12,749,000 | 11,181,000 | 9,521,000 | 8,767,000 | 8,369,000 | 9,125,000 | 6,775,000 | 5,214,000 | 11,656,000 |
total current assets | 762,497,000 | 800,253,000 | 780,242,000 | 871,122,000 | 858,975,000 | 827,910,000 | 831,031,000 | 848,649,000 | 1,052,319,000 | 803,543,000 | 851,030,000 | 796,016,000 | 774,600,000 | 739,298,000 | 720,755,000 | 650,741,000 | 693,597,000 | 648,108,000 | 743,703,000 | 926,129,000 | 992,604,000 | 1,002,016,000 | 971,584,000 | 535,539,000 | 765,045,000 | 735,106,000 | 704,368,000 | 707,514,000 | 702,158,000 | 678,078,000 | 651,109,000 | 248,043,000 | 234,222,000 | 218,215,000 | 198,366,000 | 205,911,000 | 192,701,000 | 186,707,000 | 178,549,000 | 171,046,000 | 162,534,000 | 158,498,000 | 158,853,000 | 159,789,000 | 167,177,000 | 167,835,000 | 179,775,000 | 126,748,000 | 41,634,000 |
property and equipment | 186,121,000 | 184,606,000 | 181,824,000 | 180,650,000 | 185,160,000 | 182,315,000 | 182,736,000 | 184,390,000 | 183,593,000 | 185,806,000 | 187,279,000 | 185,400,000 | 182,194,000 | 178,240,000 | 173,436,000 | 166,910,000 | 158,779,000 | 152,925,000 | 145,598,000 | 142,208,000 | 132,967,000 | 114,423,000 | 97,924,000 | 89,230,000 | 84,123,000 | 78,549,000 | 74,203,000 | 70,205,000 | 60,200,000 | 55,076,000 | 50,131,000 | 43,298,000 | 41,638,000 | 36,613,000 | 34,161,000 | 31,994,000 | 31,139,000 | 29,103,000 | 27,489,000 | 28,160,000 | 29,084,000 | 28,532,000 | 26,697,000 | 25,527,000 | 25,862,000 | 24,515,000 | 19,164,000 | 16,660,000 | 17,301,000 |
operating lease right-of-use assets | 33,443,000 | 37,128,000 | 39,918,000 | 46,463,000 | 45,100,000 | 45,172,000 | 39,615,000 | 42,989,000 | 32,477,000 | 31,339,000 | 34,138,000 | 35,433,000 | 36,902,000 | 40,515,000 | 44,370,000 | 47,294,000 | 48,038,000 | 48,050,000 | 48,938,000 | 51,115,000 | 50,414,000 | ||||||||||||||||||||||||||||
deferred and prepaid sales commission costs, non-current | 263,586,000 | 293,543,000 | 307,046,000 | 325,198,000 | 347,683,000 | 366,911,000 | 381,175,000 | 395,724,000 | 394,020,000 | 403,714,000 | 390,459,000 | 438,579,000 | 646,466,000 | 758,687,000 | 729,920,000 | 723,448,000 | 709,347,000 | 702,820,000 | 680,988,000 | 667,779,000 | 599,759,000 | 486,500,000 | 471,120,000 | 462,344,000 | |||||||||||||||||||||||||
goodwill | 98,087,000 | 85,482,000 | 83,756,000 | 82,986,000 | 75,322,000 | 74,414,000 | 66,903,000 | 67,370,000 | 66,482,000 | 54,575,000 | 54,647,000 | 54,335,000 | 52,572,000 | 53,780,000 | 55,083,000 | 55,490,000 | 56,012,000 | 56,563,000 | 56,295,000 | 57,313,000 | 56,223,000 | 55,287,000 | 54,830,000 | 55,278,000 | 54,743,000 | 55,613,000 | 55,373,000 | 31,238,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | 9,393,000 | |||||||
acquired intangibles | 169,577,000 | 191,797,000 | 225,168,000 | 258,526,000 | 290,234,000 | 322,940,000 | 358,850,000 | 393,767,000 | 431,920,000 | 457,434,000 | 494,931,000 | 528,051,000 | 584,741,000 | 628,559,000 | 672,471,000 | 716,606,000 | 92,346,000 | 104,090,000 | 115,040,000 | 118,313,000 | 101,894,000 | 110,090,000 | 118,524,000 | 127,338,000 | 25,839,000 | 28,514,000 | 30,634,000 | 19,480,000 | 8,366,000 | 21,128,000 | 22,377,000 | 1,462,000 | 1,612,000 | 1,763,000 | 1,989,000 | 2,244,000 | 2,500,000 | 2,755,000 | 3,011,000 | 3,266,000 | 3,522,000 | 3,777,000 | |||||||
other assets | 15,872,000 | 12,650,000 | 13,638,000 | 14,928,000 | 15,908,000 | 12,152,000 | 12,793,000 | 12,024,000 | 21,683,000 | 23,949,000 | 33,936,000 | 31,289,000 | 6,418,000 | 7,122,000 | 7,906,000 | 8,105,000 | 7,729,000 | 8,239,000 | 8,453,000 | 8,564,000 | 8,812,000 | 8,883,000 | 9,176,000 | 9,561,000 | 9,798,000 | 10,194,000 | 10,307,000 | 10,154,000 | 11,463,000 | 2,569,000 | 2,328,000 | 2,972,000 | 2,575,000 | 2,633,000 | 3,025,000 | 3,087,000 | 3,064,000 | 3,237,000 | 3,150,000 | 2,948,000 | 2,681,000 | 2,694,000 | 2,609,000 | 3,021,000 | 2,866,000 | 2,053,000 | 1,860,000 | 1,777,000 | 1,828,000 |
total assets | 1,529,183,000 | 1,605,459,000 | 1,631,592,000 | 1,779,873,000 | 1,818,382,000 | 1,831,814,000 | 1,873,103,000 | 1,944,913,000 | 2,182,494,000 | 1,960,360,000 | 2,046,420,000 | 2,073,662,000 | 2,315,717,000 | 2,519,421,000 | 2,567,752,000 | 2,579,039,000 | 1,965,503,000 | 1,968,657,000 | 2,069,712,000 | 2,184,597,000 | 2,116,314,000 | 1,964,643,000 | 1,871,920,000 | 1,450,747,000 | 1,059,479,000 | 1,012,200,000 | 965,702,000 | 894,326,000 | 841,843,000 | 813,329,000 | 775,478,000 | 305,168,000 | 289,440,000 | 268,617,000 | 246,934,000 | 252,629,000 | 238,797,000 | 231,195,000 | 221,592,000 | 214,813,000 | 207,214,000 | 202,894,000 | 188,159,000 | 188,337,000 | 195,905,000 | 194,403,000 | 200,799,000 | 145,185,000 | 60,763,000 |
liabilities, temporary equity, and stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 36,646,000 | 65,467,000 | 61,273,000 | 21,866,000 | 34,786,000 | 38,947,000 | 24,030,000 | 53,295,000 | 43,311,000 | 36,739,000 | 56,353,000 | 62,721,000 | 88,526,000 | 96,647,000 | 77,019,000 | 70,022,000 | 46,831,000 | 56,121,000 | 44,719,000 | 54,043,000 | 38,002,000 | 36,476,000 | 35,306,000 | 34,612,000 | 22,443,000 | 21,161,000 | 19,366,000 | 10,145,000 | 6,017,000 | 6,366,000 | 4,256,000 | 7,322,000 | 9,956,000 | 5,556,000 | 4,738,000 | 7,810,000 | 4,701,000 | 2,016,000 | 2,798,000 | 5,196,000 | 4,162,000 | 6,022,000 | 4,923,000 | 4,181,000 | 5,700,000 | 4,253,000 | 2,706,000 | 4,414,000 | 6,494,000 |
accrued liabilities | 282,835,000 | 276,750,000 | 270,868,000 | 283,799,000 | 287,820,000 | 279,357,000 | 312,405,000 | 325,632,000 | 310,752,000 | 308,402,000 | 314,902,000 | 380,113,000 | 341,256,000 | 318,272,000 | 297,256,000 | 279,798,000 | 259,380,000 | 225,088,000 | 216,343,000 | 210,654,000 | 189,555,000 | 167,721,000 | 162,286,000 | 138,729,000 | 140,535,000 | 121,075,000 | 115,363,000 | 100,687,000 | 85,714,000 | 76,382,000 | 64,562,000 | 54,977,000 | 53,668,000 | 49,720,000 | 51,890,000 | 48,322,000 | 46,368,000 | 44,705,000 | 41,574,000 | 34,702,000 | 37,391,000 | 35,952,000 | 32,804,000 | 29,236,000 | 31,659,000 | 25,804,000 | 29,826,000 | 20,559,000 | 20,484,000 |
current portion of long-term debt | 623,798,000 | 627,880,000 | 627,462,000 | 181,252,000 | 181,143,000 | 181,033,000 | 180,923,000 | 20,000,000 | 20,000,000 | 20,000,000 | 14,528,000 | 14,528,000 | 3,750,000 | 3,750,000 | 3,750,000 | 3,750,000 | 14,491,000 | 14,434,000 | 16,764,000 | 18,489,000 | 9,105,000 | 9,714,000 | 9,871,000 | 9,617,000 | |||||||||||||||||||||||||
deferred revenue | 262,078,000 | 262,993,000 | 248,693,000 | 261,882,000 | 260,999,000 | 262,105,000 | 246,690,000 | 233,619,000 | 231,247,000 | 227,211,000 | 219,933,000 | 209,725,000 | 209,420,000 | 207,044,000 | 201,394,000 | 176,450,000 | 169,399,000 | 165,582,000 | 146,245,000 | 142,223,000 | 127,500,000 | 122,514,000 | 110,178,000 | 107,372,000 | 105,159,000 | 103,362,000 | 93,828,000 | 88,527,000 | 80,024,000 | 73,240,000 | 68,037,000 | 64,415,000 | 57,696,000 | 53,367,000 | 49,368,000 | 45,159,000 | 42,738,000 | 42,105,000 | 39,032,000 | 36,657,000 | 34,286,000 | 31,026,000 | 28,325,000 | 25,586,000 | 23,415,000 | 20,171,000 | 18,315,000 | 16,552,000 | 15,573,000 |
total current liabilities | 1,205,357,000 | 1,233,090,000 | 1,208,296,000 | 748,799,000 | 764,748,000 | 761,442,000 | 764,048,000 | 632,546,000 | 605,310,000 | 592,352,000 | 591,188,000 | 652,559,000 | 639,202,000 | 621,963,000 | 575,669,000 | 526,270,000 | 475,610,000 | 446,791,000 | 444,358,000 | 438,068,000 | 369,213,000 | 371,128,000 | 307,770,000 | 280,713,000 | 268,137,000 | 245,598,000 | 228,557,000 | 199,359,000 | 172,698,000 | 156,931,000 | 138,107,000 | 126,714,000 | 121,320,000 | 108,643,000 | 105,996,000 | 116,000,000 | 108,516,000 | 92,849,000 | 87,430,000 | 80,574,000 | 79,851,000 | 87,746,000 | 80,863,000 | 76,276,000 | 79,878,000 | 60,253,000 | 60,917,000 | 51,743,000 | 52,506,000 |
long-term debt | 633,112,000 | 632,903,000 | 736,250,000 | 1,347,881,000 | 1,352,057,000 | 1,356,254,000 | 1,360,457,000 | 1,525,482,000 | 1,781,252,000 | 1,558,794,000 | 312,000 | 1,250,000 | 12,965,000 | 13,903,000 | 14,840,000 | 15,778,000 | 5,938,000 | 6,875,000 | 7,813,000 | 8,750,000 | 20,494,000 | 22,257,000 | 24,356,000 | 27,777,000 | |||||||||||||||||||||||||
operating lease liabilities | 16,887,000 | 19,336,000 | 22,616,000 | 29,733,000 | 29,830,000 | 30,508,000 | 25,616,000 | 28,178,000 | 18,577,000 | 16,596,000 | 18,391,000 | 20,182,000 | 22,348,000 | 25,436,000 | 28,213,000 | 31,812,000 | 34,176,000 | 34,514,000 | 36,070,000 | 38,722,000 | 37,973,000 | 25,392,000 | 27,027,000 | 28,516,000 | 31,097,000 | 24,911,000 | 23,693,000 | ||||||||||||||||||||||
other long-term liabilities | 8,133,000 | 7,268,000 | 6,178,000 | 4,930,000 | 17,648,000 | 12,416,000 | 45,901,000 | 61,827,000 | 62,362,000 | 65,010,000 | 69,817,000 | 45,848,000 | 62,301,000 | 74,087,000 | 80,579,000 | 84,052,000 | 28,050,000 | 28,557,000 | 21,299,000 | 20,241,000 | 14,555,000 | 11,314,000 | 4,708,000 | 8,929,000 | 9,050,000 | 9,541,000 | 10,694,000 | 10,806,000 | 5,232,000 | 5,757,000 | 6,240,000 | 6,252,000 | 3,409,000 | 3,175,000 | 3,377,000 | 3,199,000 | 3,402,000 | 3,939,000 | 5,374,000 | 5,416,000 | 4,540,000 | 4,812,000 | 3,660,000 | 3,255,000 | 2,771,000 | 3,193,000 | 1,786,000 | 1,336,000 | 1,422,000 |
total liabilities | 1,863,489,000 | 1,892,597,000 | 1,973,340,000 | 2,131,343,000 | 2,164,283,000 | 2,160,620,000 | 2,196,022,000 | 2,248,033,000 | 2,467,501,000 | 2,232,752,000 | 2,318,926,000 | 2,357,000,000 | 2,361,144,000 | 2,357,661,000 | 2,319,520,000 | 2,040,623,000 | 1,920,242,000 | 1,876,370,000 | 1,852,519,000 | 1,872,351,000 | 1,816,639,000 | 1,416,311,000 | 1,381,496,000 | 705,047,000 | 689,985,000 | 656,633,000 | 634,478,000 | 576,717,000 | 542,396,000 | 522,305,000 | 499,612,000 | 132,966,000 | 127,496,000 | 114,895,000 | 112,450,000 | 122,588,000 | 116,695,000 | 113,280,000 | 110,463,000 | 104,681,000 | 104,329,000 | 102,746,000 | 95,735,000 | 91,832,000 | 95,970,000 | 88,578,000 | 89,037,000 | 81,670,000 | 86,073,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible preferred stock | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | |||||||||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 10,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 5,000 | ||||||||||||
additional paid-in capital | 1,201,588,000 | 1,265,365,000 | 1,234,108,000 | 1,215,377,000 | 1,210,961,000 | 1,219,172,000 | 1,210,366,000 | 1,204,781,000 | 1,170,672,000 | 1,143,124,000 | 1,123,351,000 | 1,059,880,000 | 1,022,909,000 | 937,119,000 | 855,894,000 | 1,086,870,000 | 673,422,000 | 571,121,000 | 582,157,000 | 673,950,000 | 664,689,000 | 889,987,000 | 840,115,000 | 1,033,053,000 | 633,188,000 | 604,770,000 | 571,426,000 | 551,078,000 | 526,891,000 | 508,728,000 | 484,854,000 | 434,840,000 | 418,588,000 | 404,742,000 | 378,521,000 | 366,800,000 | 351,784,000 | 340,283,000 | 326,860,000 | 319,792,000 | 306,045,000 | 297,225,000 | 281,083,000 | 274,844,000 | 268,189,000 | 262,447,000 | 254,824,000 | 193,574,000 | 91,228,000 |
accumulated other comprehensive income | 1,648,000 | 2,598,000 | -8,781,000 | -17,962,000 | -9,600,000 | -1,418,000 | 644,000 | 2,029,000 | 4,605,000 | 3,394,000 | 6,806,000 | 3,522,000 | 1,102,000 | 331,000 | 1,948,000 | 351,000 | 2,093,000 | 1,851,000 | 2,226,000 | 2,573,000 | 2,795,000 | 3,220,000 | 2,998,000 | 2,903,000 | 2,815,000 | 2,768,000 | 2,737,000 | 2,868,000 | 2,203,000 | 1,069,000 | 527,000 | 86,000 | |||||||||||||||||
accumulated deficit | -1,737,000,000 | -1,754,559,000 | -1,767,752,000 | -1,757,424,000 | -1,750,236,000 | -1,742,383,000 | -1,727,630,000 | -1,699,136,000 | -1,651,893,000 | -1,609,777,000 | -1,588,295,000 | -1,533,896,000 | -1,249,833,000 | -965,217,000 | -805,702,000 | -748,556,000 | -630,199,000 | -483,448,000 | -372,492,000 | -372,306,000 | -370,479,000 | -349,522,000 | -350,031,000 | -289,310,000 | -264,053,000 | -251,304,000 | -242,061,000 | -235,703,000 | -230,025,000 | -220,507,000 | -212,216,000 | -265,644,000 | -259,555,000 | -253,843,000 | -246,812,000 | -239,503,000 | -232,557,000 | -224,578,000 | -216,807,000 | -210,194,000 | -203,253,000 | -196,917,000 | -188,706,000 | -178,095,000 | -167,975,000 | -155,989,000 | -142,659,000 | -129,755,000 | -116,389,000 |
total stockholders’ deficit | -533,755,000 | -486,587,000 | -541,197,000 | -550,919,000 | -545,350,000 | -528,255,000 | -522,368,000 | -502,569,000 | |||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders’ deficit | 1,529,183,000 | 1,605,459,000 | 1,631,592,000 | 1,779,873,000 | 1,818,382,000 | 1,831,814,000 | 1,873,103,000 | 1,944,913,000 | 2,182,494,000 | 1,960,360,000 | 2,046,420,000 | ||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -7,562,000 | -8,881,000 | -6,084,000 | -5,053,000 | -5,113,000 | -8,223,000 | -3,244,000 | -5,197,000 | -7,021,000 | -167,000 | -251,000 | -286,000 | -640,000 | -410,000 | -310,000 | -154,000 | |||||||||||||||||||||||||||||||||
series a convertible preferred stock, 0.0001 par value... | 199,449,000 | 199,449,000 | 199,449,000 | 199,449,000 | |||||||||||||||||||||||||||||||||||||||||||||
class a common stock, 0.0001 par value... | 8,000 | 8,000 | 9,000 | 8,000 | 8,000 | 8,000 | 7,000 | 7,000 | 6,000 | 6,000 | 5,000 | 1,000 | |||||||||||||||||||||||||||||||||||||
class b common stock, 0.0001 par value... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 2,000 | 5,000 | |||||||||||||||||||||||||||||||||||||
liabilities, temporary equity, and stockholders' deficit | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficit | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' deficit | -484,456,000 | -471,841,000 | -471,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 1,639,530,000 | 1,638,411,000 | 1,637,293,000 | 1,636,175,000 | 1,635,059,000 | 1,398,489,000 | 1,382,406,000 | 1,366,508,000 | 1,350,792,000 | 1,375,320,000 | 1,394,898,000 | 1,008,477,000 | 1,041,991,000 | 386,889,000 | 381,701,000 | 376,583,000 | 371,534,000 | 366,552,000 | 361,637,000 | 356,788,000 | 352,004,000 | ||||||||||||||||||||||||||||
long-term investments | 4,559,000 | 31,824,000 | 113,220,000 | 163,811,000 | 210,445,000 | 199,655,000 | 247,862,000 | 270,697,000 | 213,176,000 | 173,641,000 | 149,337,000 | 109,942,000 | 132,188,000 | ||||||||||||||||||||||||||||||||||||
liabilities, temporary equity, and stockholders' (deficit) equity | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' (deficit) equity | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' (deficit) equity | -482,787,000 | -244,876,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders' (deficit) equity | 2,073,662,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
subscriptions | 1,887,756,000 | 483,229,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other | 100,574,000 | 25,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 1,988,330,000 | 509,032,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cost of revenues | |||||||||||||||||||||||||||||||||||||||||||||||||
total cost of revenues | 641,731,000 | 167,474,000 | |||||||||||||||||||||||||||||||||||||||||||||||
gross profit | 1,346,599,000 | 341,558,000 | |||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 362,256,000 | 86,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing | 1,057,231,000 | 261,914,000 | |||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 292,898,000 | 72,261,000 | |||||||||||||||||||||||||||||||||||||||||||||||
asset write-down charges | 283,689,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 1,996,074,000 | 524,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -649,475,000 | -182,559,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other income | -219,771,000 | -100,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -4,807,000 | -1,178,000 | |||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -874,053,000 | -283,743,000 | |||||||||||||||||||||||||||||||||||||||||||||||
benefit from income taxes | 5,113,000 | 873,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income | -879,166,000 | -284,616,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income per common share | |||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | -9,230 | -2,980 | |||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares used in computing net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders’ (deficit) equity | 2,315,717,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
asset write-down charge | 103,242,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities, temporary equity, and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | -37,689,000 | 48,783,000 | 338,967,000 | 45,261,000 | 92,287,000 | 213,068,000 | 308,459,000 | 297,741,000 | 541,576,000 | 490,424,000 | 745,700,000 | 369,494,000 | 355,567,000 | 331,224,000 | 317,609,000 | 299,447,000 | 291,024,000 | 275,866,000 | 172,202,000 | 161,944,000 | 153,722,000 | 134,484,000 | 130,041,000 | 122,102,000 | 117,915,000 | 111,129,000 | 110,132,000 | 102,885,000 | 100,148,000 | 92,424,000 | 96,505,000 | 99,935,000 | 105,825,000 | 111,762,000 | |||||||||||||||
total liabilities, temporary equity and stockholders’ equity | 2,519,421,000 | 2,567,752,000 | 1,965,503,000 | 1,968,657,000 | 2,069,712,000 | 2,116,314,000 | 1,964,643,000 | ||||||||||||||||||||||||||||||||||||||||||
current portion of convertible senior notes | 37,051,000 | 31,148,000 | 14,156,000 | 44,417,000 | |||||||||||||||||||||||||||||||||||||||||||||
temporary equity, convertible senior notes | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders' equity | 2,579,039,000 | 2,184,597,000 | |||||||||||||||||||||||||||||||||||||||||||||||
temporary equity | 4,125,000 | 3,787,000 | 1,934,000 | 6,756,000 | |||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use-assets | 38,107,000 | 38,820,000 | 39,269,000 | 41,302,000 | 34,341,000 | 31,719,000 | |||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 1,871,920,000 | 1,450,747,000 | 1,059,479,000 | 1,012,200,000 | 965,702,000 | 894,326,000 | 841,843,000 | 813,329,000 | 775,478,000 | 305,168,000 | 289,440,000 | 268,617,000 | 246,934,000 | 252,629,000 | 238,797,000 | 231,195,000 | 221,592,000 | 214,813,000 | 207,214,000 | 202,894,000 | 188,159,000 | 188,337,000 | 195,905,000 | 194,403,000 | 200,799,000 | ||||||||||||||||||||||||
deferred sales commission costs | 32,196,000 | 28,726,000 | 24,924,000 | 23,038,000 | 20,869,000 | 19,140,000 | 16,649,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred sales commission costs, non-current | 78,629,000 | 69,883,000 | 59,098,000 | 55,735,000 | |||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
* see note 2 for a summary of adjustments. | |||||||||||||||||||||||||||||||||||||||||||||||||
deferred sales commission costs, noncurrent | 50,263,000 | 47,085,000 | 40,140,000 | ||||||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligation | 943,000 | 943,000 | 1,252,000 | 181,000 | 181,000 | 273,000 | 276,000 | 269,000 | 262,000 | 255,000 | 377,000 | 509,000 | 615,000 | 920,000 | 356,000 | 347,000 | 338,000 | ||||||||||||||||||||||||||||||||
capital lease obligation | 2,829,000 | 2,829,000 | 3,261,000 | 86,000 | 181,000 | 273,000 | 363,000 | 450,000 | 535,000 | 618,000 | 699,000 | 125,000 | 247,000 | 365,000 | |||||||||||||||||||||||||||||||||||
sales tax liability | 2,767,000 | 3,077,000 | 3,077,000 | 3,077,000 | 3,527,000 | 3,527,000 | 3,670,000 | 3,670,000 | 3,887,000 | 3,887,000 | 3,887,000 | 3,953,000 | 3,953,000 | 3,939,000 | 3,952,000 | 3,988,000 | 4,003,000 | ||||||||||||||||||||||||||||||||
inventory | 63,000 | 84,000 | 122,000 | 902,000 | 2,317,000 | 2,287,000 | 2,372,000 | 2,054,000 | 1,710,000 | 2,012,000 | 2,174,000 | 2,301,000 | 2,111,000 | 2,034,000 | |||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 2,307,000 | 11,914,000 | 21,554,000 | 28,479,000 | 28,662,000 | ||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||
assets: | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive gain | 40,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, no par value — zero and 32,294 shares authorized as of december 31, 2013 and 2012; , zero and 30,369 shares issued and outstanding as of december 31, 2013 and 2012; aggregate liquidation preference of zero and 74,496 as of december 31, 2013 and 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 63,515,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 145,185,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||
total shareholders’ equity | -25,310,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 60,763,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 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 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||
net income | 17,559,000 | -5,678,000 | -9,518,000 | -7,979,000 | -11,986,000 | |||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 56,420,000 | 54,921,000 | 55,061,000 | 55,052,000 | 54,583,000 | 56,323,000 | 56,651,000 | 59,217,000 | 59,167,000 | 58,038,000 | 57,518,000 | 62,395,000 | 61,965,000 | 61,272,000 | 60,929,000 | 47,069,000 | 27,499,000 | 26,147,000 | 24,577,000 | 22,049,000 | 19,063,000 | 17,952,000 | 16,548,000 | 11,810,000 | 9,574,000 | 8,790,000 | 7,696,000 | 6,079,000 | 5,718,000 | 5,934,000 | 5,542,000 | 4,285,000 | 4,087,000 | 3,914,000 | 3,796,000 | 3,576,000 | 3,377,000 | 3,532,000 | 3,406,000 | 3,305,000 | 3,224,000 | 2,969,000 | 2,819,000 | 2,471,000 | 2,119,000 | 2,374,000 |
share-based compensation | 64,699,000 | 63,469,000 | 77,881,000 | 80,452,000 | 83,659,000 | 86,780,000 | 88,168,000 | 112,146,000 | 111,682,000 | 104,660,000 | 98,191,000 | 92,232,000 | 95,658,000 | 100,511,000 | 97,608,000 | 103,216,000 | 104,426,000 | 95,361,000 | 54,962,000 | 52,190,000 | 51,566,000 | 49,255,000 | 36,589,000 | 29,664,000 | 27,376,000 | 24,916,000 | 19,398,000 | 18,709,000 | 18,515,000 | 17,597,000 | 13,267,000 | 11,556,000 | 10,942,000 | 8,237,000 | 8,389,000 | 7,477,000 | 6,737,000 | 6,298,000 | 5,752,000 | 5,291,000 | 4,747,000 | 4,210,000 | 4,198,000 | 3,931,000 | 3,177,000 | 2,994,000 |
asset write-down charge | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred and prepaid sales commission costs | 41,140,000 | 41,074,000 | 40,789,000 | 41,867,000 | 41,587,000 | 40,499,000 | 38,599,000 | 37,516,000 | 35,458,000 | 32,949,000 | 32,211,000 | 33,648,000 | 31,468,000 | 26,895,000 | 23,173,000 | 20,858,000 | 19,909,000 | 17,754,000 | 15,644,000 | 14,147,000 | 12,401,000 | 10,850,000 | 9,809,000 | |||||||||||||||||||||||
amortization of debt discount and issuance costs | 1,172,000 | 1,250,000 | 1,131,000 | 1,160,000 | 1,098,000 | 1,011,000 | 1,003,000 | 1,101,000 | 1,067,000 | 1,118,000 | 1,118,000 | 1,116,000 | 1,116,000 | 16,083,000 | 15,898,000 | 15,882,000 | 16,200,000 | 16,418,000 | 12,595,000 | 12,566,000 | 7,452,000 | 5,118,000 | 5,049,000 | 4,982,000 | 4,849,000 | 4,784,000 | 1,370,000 | |||||||||||||||||||
loss on early extinguishment of debt | 0 | 0 | 0 | 1,078,000 | 658,000 | 961,000 | 5,116,000 | -43,000 | 7,250,000 | |||||||||||||||||||||||||||||||||||||
reduction of operating lease right-of-use assets | 5,978,000 | 5,721,000 | 6,985,000 | 5,394,000 | 5,176,000 | 5,079,000 | 5,074,000 | 5,197,000 | 5,097,000 | 5,122,000 | 5,053,000 | 5,020,000 | 5,030,000 | 4,980,000 | 4,877,000 | 4,705,000 | 4,542,000 | 4,456,000 | 4,322,000 | 4,234,000 | 3,724,000 | 3,911,000 | 3,843,000 | |||||||||||||||||||||||
provision for bad debt | 5,597,000 | 3,571,000 | 4,437,000 | 3,815,000 | 1,924,000 | 1,366,000 | 1,562,000 | 1,652,000 | 260,000 | 2,208,000 | 2,732,000 | 2,264,000 | 0 | 2,498,000 | 4,605,000 | 2,748,000 | 1,641,000 | 2,258,000 | 1,485,000 | 2,027,000 | 838,000 | 1,579,000 | 1,492,000 | 610,000 | 337,000 | 554,000 | 228,000 | |||||||||||||||||||
other | -2,676,000 | -152,000 | -234,000 | 3,334,000 | -4,754,000 | -7,542,000 | 534,000 | 763,000 | 2,355,000 | -1,457,000 | -175,000 | 639,000 | 1,952,000 | 1,987,000 | -251,000 | -654,000 | 1,393,000 | -83,000 | 153,000 | 309,000 | 87,000 | 71,000 | 45,000 | -1,344,000 | 352,000 | -115,000 | 1,347,000 | 248,000 | 4,000 | 206,000 | 10,000 | |||||||||||||||
changes in assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 5,609,000 | -13,605,000 | 698,000 | 5,738,000 | -27,734,000 | -4,000 | -8,481,000 | -18,178,000 | -23,828,000 | -9,064,000 | -6,749,000 | -47,596,000 | -12,415,000 | 1,254,000 | -29,086,000 | -19,464,000 | -18,887,000 | -34,286,000 | 7,697,000 | -24,478,000 | -12,104,000 | -8,463,000 | -6,935,000 | -12,318,000 | -14,041,000 | -5,537,000 | -5,267,000 | -17,994,000 | -8,421,000 | -12,219,000 | -9,243,000 | -5,774,000 | -6,972,000 | -6,850,000 | 517,000 | 1,294,000 | -6,689,000 | -4,235,000 | -3,097,000 | -670,000 | -3,921,000 | -208,000 | -2,325,000 | -1,245,000 | -828,000 | -553,000 |
deferred and prepaid sales commission costs | -25,964,000 | -26,936,000 | -25,236,000 | -31,492,000 | -26,555,000 | -36,746,000 | -35,937,000 | -52,961,000 | -41,620,000 | -42,750,000 | -19,403,000 | -50,820,000 | -76,700,000 | -68,862,000 | -39,487,000 | -53,177,000 | -38,803,000 | -49,876,000 | -36,502,000 | -91,163,000 | -130,429,000 | -30,772,000 | -22,544,000 | |||||||||||||||||||||||
prepaid expenses and other assets | 1,265,000 | 2,938,000 | -5,399,000 | 4,219,000 | 8,884,000 | 311,000 | 6,397,000 | 21,743,000 | -4,478,000 | 7,516,000 | -10,289,000 | 4,501,000 | 1,295,000 | 570,000 | -2,554,000 | 1,262,000 | 1,287,000 | |||||||||||||||||||||||||||||
accounts payable | -30,943,000 | 4,982,000 | 38,461,000 | -12,320,000 | -3,612,000 | 14,871,000 | -28,732,000 | 10,451,000 | 7,226,000 | -19,954,000 | -18,936,000 | -25,550,000 | -9,110,000 | 21,626,000 | 6,868,000 | 22,324,000 | -7,962,000 | 11,599,000 | -8,109,000 | 16,736,000 | 6,153,000 | -1,861,000 | 888,000 | 11,127,000 | -520,000 | 3,389,000 | 7,757,000 | 3,911,000 | -629,000 | 2,317,000 | -2,816,000 | -1,992,000 | 3,595,000 | 3,986,000 | 1,441,000 | -1,481,000 | -2,430,000 | 1,652,000 | -1,404,000 | 858,000 | 485,000 | -1,588,000 | 1,582,000 | 849,000 | -1,353,000 | -2,105,000 |
accrued and other liabilities | 7,132,000 | 4,013,000 | -15,997,000 | -12,972,000 | 6,670,000 | -21,196,000 | -9,935,000 | -282,000 | -8,076,000 | 2,446,000 | 15,013,000 | 42,472,000 | 26,854,000 | 5,050,000 | 15,097,000 | 18,546,000 | 31,059,000 | |||||||||||||||||||||||||||||
deferred revenue | -1,409,000 | 14,300,000 | -13,189,000 | 883,000 | -1,106,000 | 6,744,000 | 13,071,000 | 2,372,000 | -2,177,000 | 7,278,000 | 10,208,000 | 305,000 | 2,376,000 | 5,650,000 | 24,944,000 | 7,051,000 | 3,817,000 | 19,337,000 | 4,022,000 | 14,723,000 | 4,986,000 | 12,336,000 | 2,806,000 | 2,213,000 | 1,797,000 | 9,534,000 | 5,301,000 | 7,673,000 | 6,784,000 | 5,203,000 | 5,120,000 | 6,719,000 | 4,329,000 | 2,422,000 | 632,000 | 3,073,000 | 2,375,000 | 2,371,000 | 3,260,000 | 2,701,000 | 2,739,000 | 2,171,000 | 3,244,000 | 1,856,000 | 1,763,000 | 979,000 |
operating lease liabilities | -5,657,000 | -6,313,000 | -5,398,000 | -5,060,000 | -4,748,000 | -5,662,000 | -3,386,000 | -4,845,000 | -5,795,000 | -4,991,000 | -5,207,000 | -4,905,000 | -5,692,000 | -5,015,000 | -5,256,000 | -4,824,000 | -4,746,000 | -4,723,000 | -4,382,000 | -4,343,000 | -3,697,000 | -3,539,000 | -3,783,000 | |||||||||||||||||||||||
net cash from operating activities | 151,362,000 | 167,414,000 | 149,662,000 | 132,882,000 | 127,219,000 | 127,081,000 | 96,094,000 | 113,844,000 | 86,594,000 | 90,691,000 | 108,533,000 | 39,372,000 | 42,260,000 | 50,678,000 | 58,995,000 | 47,651,000 | 43,029,000 | 24,516,000 | 36,955,000 | -2,484,000 | -72,816,000 | 27,040,000 | 13,069,000 | -6,162,000 | 26,760,000 | 24,051,000 | 20,197,000 | 23,028,000 | 20,227,000 | 16,690,000 | 12,185,000 | 10,289,000 | 13,424,000 | 7,272,000 | 7,755,000 | 9,872,000 | 4,809,000 | 2,878,000 | 1,825,000 | 1,070,000 | -687,000 | -4,322,000 | 3,874,000 | -8,519,000 | -2,463,000 | -3,181,000 |
capital expenditures | -21,840,000 | -23,029,000 | -19,486,000 | -21,053,000 | -21,774,000 | -18,292,000 | -19,409,000 | -19,984,000 | -16,632,000 | -17,805,000 | -21,319,000 | -22,977,000 | -21,745,000 | -21,278,000 | -20,443,000 | -19,932,000 | -18,734,000 | -15,507,000 | -18,478,000 | -19,690,000 | -29,439,000 | -18,352,000 | -14,250,000 | -11,466,000 | -10,231,000 | -12,191,000 | -10,405,000 | -12,575,000 | -8,746,000 | -9,877,000 | -7,346,000 | -5,599,000 | -9,016,000 | -5,249,000 | -4,132,000 | -4,555,000 | -2,462,000 | -4,202,000 | -2,780,000 | -5,028,000 | -3,298,000 | -2,796,000 | -4,663,000 | -6,997,000 | -3,509,000 | -1,765,000 |
free cash flows | 129,522,000 | 144,385,000 | 130,176,000 | 111,829,000 | 105,445,000 | 108,789,000 | 76,685,000 | 93,860,000 | 69,962,000 | 72,886,000 | 87,214,000 | 16,395,000 | 20,515,000 | 29,400,000 | 38,552,000 | 27,719,000 | 24,295,000 | 9,009,000 | 18,477,000 | -22,174,000 | -102,255,000 | 8,688,000 | -1,181,000 | -17,628,000 | 16,529,000 | 11,860,000 | 9,792,000 | 10,453,000 | 11,481,000 | 6,813,000 | 4,839,000 | 4,690,000 | 4,408,000 | 2,023,000 | 3,623,000 | 5,317,000 | 2,347,000 | -1,324,000 | -955,000 | -3,958,000 | -3,985,000 | -7,118,000 | -789,000 | -15,516,000 | -5,972,000 | -4,946,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -7,569,000 | -8,957,000 | -5,587,000 | -6,377,000 | -7,431,000 | -5,053,000 | -6,133,000 | -5,998,000 | -4,355,000 | -4,437,000 | -8,723,000 | -8,885,000 | -8,339,000 | -8,637,000 | -6,852,000 | -7,172,000 | -7,402,000 | -5,664,000 | -8,721,000 | -9,626,000 | -18,411,000 | -8,720,000 | -6,861,000 | -6,412,000 | -6,361,000 | -8,132,000 | -6,862,000 | -9,271,000 | -5,996,000 | -7,269,000 | -4,587,000 | -3,611,000 | -7,072,000 | -4,602,000 | -3,578,000 | -4,033,000 | -2,023,000 | -3,525,000 | -2,780,000 | -5,028,000 | -3,298,000 | -2,796,000 | -4,663,000 | -6,997,000 | -3,509,000 | -1,765,000 |
capitalized internal-use software | -14,271,000 | -14,072,000 | -13,899,000 | -14,676,000 | -14,343,000 | -13,239,000 | -13,276,000 | -13,986,000 | -12,277,000 | -13,368,000 | -12,596,000 | -14,092,000 | -13,406,000 | -12,641,000 | -13,591,000 | -12,760,000 | -11,332,000 | -9,843,000 | -9,757,000 | -10,064,000 | -11,028,000 | -9,632,000 | -7,389,000 | -5,054,000 | -3,870,000 | -4,059,000 | -3,543,000 | -3,304,000 | -2,750,000 | -2,608,000 | -2,759,000 | -1,988,000 | -1,944,000 | -647,000 | -554,000 | -522,000 | -439,000 | -677,000 | ||||||||
cash paid for business combination, net of cash acquired | 0 | 0 | 0 | 0 | 0 | 0 | -27,870,000 | 0 | ||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -42,594,000 | -23,029,000 | -19,486,000 | -21,053,000 | -24,314,000 | -44,583,000 | -19,409,000 | -19,984,000 | -31,341,000 | -17,805,000 | -21,319,000 | -22,977,000 | -18,522,000 | -23,784,000 | -21,927,000 | -333,647,000 | -19,574,000 | -16,772,000 | -26,836,000 | -45,645,000 | -29,439,000 | -18,352,000 | -14,250,000 | -236,083,000 | -10,231,000 | -12,191,000 | -38,275,000 | -39,009,000 | -8,746,000 | -9,877,000 | -25,816,000 | -5,599,000 | -9,016,000 | -5,249,000 | -4,132,000 | -4,555,000 | -2,462,000 | -1,882,000 | 4,884,000 | -218,000 | 3,582,000 | -2,796,000 | -33,359,000 | -6,997,000 | -3,509,000 | -1,765,000 |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of stock in connection with stock plans | 0 | 6,693,000 | 0 | 5,733,000 | 67,000 | 10,792,000 | 95,000 | 4,963,000 | 3,000 | 10,262,000 | 627,000 | 14,983,000 | 2,881,000 | 17,665,000 | 1,192,000 | 17,107,000 | 2,519,000 | 16,802,000 | 4,802,000 | 12,237,000 | 4,081,000 | 10,843,000 | 2,666,000 | 6,989,000 | 1,903,000 | 8,041,000 | 3,688,000 | 5,810,000 | 2,236,000 | 6,836,000 | 2,100,000 | 5,887,000 | 281,000 | 7,484,000 | 3,529,000 | 7,029,000 | 1,482,000 | 2,436,000 | ||||||||
payments for taxes related to net share settlement of equity awards | -4,736,000 | -1,667,000 | -1,904,000 | -632,000 | -1,209,000 | -2,104,000 | -2,020,000 | -1,938,000 | -3,138,000 | -2,250,000 | -1,736,000 | -2,418,000 | -1,998,000 | -2,435,000 | -747,000 | -4,554,000 | -5,429,000 | -6,666,000 | -4,900,000 | -9,019,000 | -9,095,000 | -8,252,000 | -10,351,000 | |||||||||||||||||||||||
payments for repurchases of common stock | -117,249,000 | -31,787,000 | -50,000,000 | -82,990,000 | -81,538,000 | -80,468,000 | ||||||||||||||||||||||||||||||||||||||||
payments for the settlement of convertible notes | 0 | 0 | -161,326,000 | |||||||||||||||||||||||||||||||||||||||||||
repayments of principal on term loan | -3,875,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
repurchases of principal on senior notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||
payments for fees on long-term debt | -5,006,000 | -613,000 | -1,018,000 | -543,000 | -2,156,000 | -285,000 | -1,867,000 | |||||||||||||||||||||||||||||||||||||||
repayments for financing obligations | 0 | 0 | -633,000 | -841,000 | -1,020,000 | -1,224,000 | ||||||||||||||||||||||||||||||||||||||||
payments for contingent consideration | 0 | -6,259,000 | -4,086,000 | |||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -130,866,000 | -133,906,000 | -219,881,000 | -78,014,000 | -92,196,000 | -86,206,000 | -94,665,000 | -306,220,000 | 153,045,000 | -122,117,000 | -82,726,000 | -53,438,000 | -22,853,000 | -19,997,000 | -1,930,000 | 208,242,000 | -3,057,000 | -145,740,000 | -186,496,000 | -58,773,000 | 73,284,000 | 2,783,000 | 420,296,000 | 2,639,000 | -1,116,000 | 6,787,000 | 732,000 | 5,274,000 | -568,000 | 5,328,000 | 387,221,000 | 4,244,000 | 1,229,000 | 5,775,000 | 939,000 | 3,360,000 | -744,000 | 6,416,000 | 2,403,000 | 5,882,000 | -2,064,000 | -480,000 | -1,283,000 | 129,000 | 56,421,000 | 95,879,000 |
effect of exchange rate changes | -644,000 | 3,198,000 | 1,330,000 | -3,656,000 | 2,615,000 | -94,000 | -1,085,000 | 2,203,000 | -1,297,000 | -222,000 | 332,000 | 1,644,000 | -1,999,000 | -2,329,000 | -371,000 | -236,000 | -543,000 | 226,000 | -409,000 | 1,197,000 | 773,000 | 221,000 | -657,000 | 549,000 | -418,000 | -9,000 | 47,000 | -247,000 | -910,000 | 176,000 | 181,000 | |||||||||||||||
net decrease in cash, cash equivalents, and restricted cash | -22,742,000 | 13,677,000 | -88,375,000 | |||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||
beginning of period | 0 | 0 | 242,811,000 | 0 | 0 | 222,195,000 | 0 | 0 | 269,984,000 | 0 | 0 | 267,162,000 | 0 | 0 | 639,853,000 | 0 | 0 | 343,606,000 | 0 | 0 | 566,329,000 | 0 | 0 | 0 | 181,192,000 | 0 | 0 | 0 | 0 | 0 | 137,588,000 | 0 | 0 | 0 | 113,182,000 | 0 | 0 | 0 | 116,378,000 | 0 | ||||||
end of period | -22,742,000 | 13,677,000 | 154,436,000 | 13,324,000 | -3,802,000 | 203,130,000 | 207,001,000 | -49,453,000 | 274,804,000 | -1,114,000 | 4,568,000 | 301,929,000 | 19,855,000 | -137,770,000 | 463,067,000 | -28,198,000 | 11,692,000 | 762,064,000 | 14,995,000 | 18,638,000 | 549,030,000 | -10,954,000 | 10,003,000 | 12,317,000 | 554,963,000 | 8,886,000 | 5,291,000 | 7,965,000 | 4,599,000 | 8,717,000 | 139,074,000 | 7,584,000 | 9,215,000 | 6,637,000 | 114,152,000 | -7,509,000 | -30,727,000 | -15,408,000 | 166,826,000 | 90,926,000 | ||||||
supplemental disclosure of cash flow data: | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest, net of interest rate swap | 19,576,000 | 7,110,000 | 22,931,000 | 6,124,000 | 21,867,000 | 7,690,000 | 23,364,000 | 6,463,000 | ||||||||||||||||||||||||||||||||||||||
cash paid for income taxes, net of refunds | 1,969,000 | 6,022,000 | 2,304,000 | 4,233,000 | 1,967,000 | 6,657,000 | 4,895,000 | 1,649,000 | 1,637,000 | 5,248,000 | 2,406,000 | 831,000 | 1,178,000 | 1,230,000 | 487,000 | 326,000 | 693,000 | 49,000 | 320,000 | 358,000 | 299,000 | 118,000 | 95,000 | 278,000 | 367,000 | 287,000 | 64,000 | 102,000 | 92,000 | 195,000 | 44,000 | |||||||||||||||
non-cash investing and financing activities | ||||||||||||||||||||||||||||||||||||||||||||||
equipment and capitalized internal-use software purchased and unpaid at period end | 979,000 | 55,000 | 5,061,000 | -1,792,000 | 203,000 | 1,352,000 | 3,328,000 | -219,000 | 720,000 | 240,000 | 3,212,000 | -2,547,000 | -244,000 | 642,000 | 8,957,000 | -296,000 | 306,000 | 1,498,000 | 5,835,000 | 47,000 | -1,535,000 | 2,263,000 | 7,151,000 | 354,000 | 2,784,000 | -1,482,000 | 3,559,000 | 2,492,000 | 1,218,000 | -33,000 | 1,108,000 | 495,000 | 29,000 | -465,000 | 1,405,000 | |||||||||||
indemnity holdback consideration | ||||||||||||||||||||||||||||||||||||||||||||||
contingent consideration | 0 | |||||||||||||||||||||||||||||||||||||||||||||
common stock issued in connection with strategic partnership arrangement | 0 | 0 | 0 | 7,972,000 | 0 | 0 | 12,429,000 | 42,585,000 | ||||||||||||||||||||||||||||||||||||||
net loss | -10,328,000 | -7,188,000 | -7,853,000 | -14,753,000 | -28,494,000 | -47,243,000 | -42,116,000 | -21,482,000 | -54,399,000 | -284,063,000 | -284,616,000 | -159,515,000 | -150,972,000 | -118,357,000 | -146,751,000 | -110,956,000 | -186,000 | -1,827,000 | -20,957,000 | 509,000 | -60,721,000 | -25,257,000 | -6,358,000 | -2,716,000 | -6,613,000 | -6,336,000 | -8,211,000 | -10,611,000 | -12,904,000 | -13,366,000 | ||||||||||||||||
repayments of principal on long-term debt | -5,000,000 | -5,000,000 | -5,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||
unrealized loss on investments | -140,000 | 0 | 0 | 1,646,000 | 27,265,000 | 78,173,000 | 50,661,000 | 47,384,000 | 265,000 | -57,521,000 | ||||||||||||||||||||||||||||||||||||
asset write-down and other charges | ||||||||||||||||||||||||||||||||||||||||||||||
gain on early extinguishment of debt | -11,784,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets and long-term investments | 0 | 0 | -2,506,000 | -1,484,000 | -840,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable equity investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||
payments for repurchase of common stock, including excise tax | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issuance costs | -562,000 | |||||||||||||||||||||||||||||||||||||||||||||
payments for the repurchase of convertible notes | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of financing obligations | -1,898,000 | -1,393,000 | -865,000 | -858,000 | -1,282,000 | -1,810,000 | -1,356,000 | -509,000 | -2,018,000 | -277,000 | -274,000 | -272,000 | -432,000 | -511,000 | 0 | 0 | ||||||||||||||||||||||||||||||
payment for contingent consideration | -329,000 | |||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | 30,159,000 | -19,065,000 | -210,157,000 | 207,001,000 | -49,453,000 | 4,820,000 | -35,399,000 | -1,114,000 | 4,568,000 | 34,767,000 | -77,990,000 | 19,855,000 | -137,770,000 | -176,786,000 | ||||||||||||||||||||||||||||||||
beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||
end of year | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition related measurement period adjustment | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition of intangibles | 3,629,000 | |||||||||||||||||||||||||||||||||||||||||||||
equipment acquired under financing obligations | 0 | 0 | 0 | 2,997,000 | ||||||||||||||||||||||||||||||||||||||||||
repayment of convertible notes attributable to debt discount | ||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchase of common stock | -61,520,000 | -74,998,000 | -100,069,000 | -74,501,000 | -54,789,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from series a convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for acquisition of intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | ||||||||||||||||||||||||||||||||||||||||||||||
payments for the repurchase of convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of term loan, net of issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||
payments for repurchase of convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||||
payment of contingent consideration | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 3,366,000 | 63,000 | 75,000 | 52,000 | 89,000 | 131,000 | 63,000 | 43,000 | 175,000 | 28,000 | 30,000 | 33,000 | 72,000 | 85,000 | 0 | 0 | 0 | 0 | 0 | 0 | 143,000 | 161,000 | 238,000 | 169,000 | 196,000 | 209,000 | 221,000 | 1,267,000 | 311,000 | 352,000 | 305,000 | 299,000 | 1,250,000 | |||||||||||||
amortization of debt issuance costs | 1,119,000 | |||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs related to credit facility | -5,191,000 | |||||||||||||||||||||||||||||||||||||||||||||
repayment of convertible senior notes attributable to debt discount | 0 | 0 | -5,419,000 | -4,712,000 | -2,380,000 | -18,410,000 | -336,000 | -13,894,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of issuance costs | -32,000 | 640,701,000 | 0 | 986,508,000 | 0 | 0 | 0 | 449,457,000 | ||||||||||||||||||||||||||||||||||||||
payments for repurchase or redemption of convertible senior notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
payments for capped calls and transaction costs | 0 | -41,795,000 | 0 | -60,900,000 | ||||||||||||||||||||||||||||||||||||||||||
contingent consideration not paid | ||||||||||||||||||||||||||||||||||||||||||||||
cash held for future indemnity claims and other potential future payments | ||||||||||||||||||||||||||||||||||||||||||||||
payment for contingent consideration for business acquisition | -280,000 | 0 | 0 | -3,600,000 | -100,000 | 0 | 0 | -3,548,000 | ||||||||||||||||||||||||||||||||||||||
purchases of long-term investments | ||||||||||||||||||||||||||||||||||||||||||||||
business combinations, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||
common stock issued for prepaid and deferred sales commission cost | ||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on investments | ||||||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement loss | 194,000 | -3,017,000 | -242,000 | -659,000 | 964,000 | -166,000 | -11,000 | 267,000 | 165,000 | 742,000 | ||||||||||||||||||||||||||||||||||||
deferred income taxes | -274,000 | -232,000 | -105,000 | -129,000 | -33,000 | -105,000 | -285,000 | -112,000 | -235,000 | 4,000 | 17,000 | -6,000 | -6,000 | 0 | 0 | -4,000 | ||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 6,310,000 | -6,265,000 | -885,000 | -4,770,000 | -8,958,000 | 6,550,000 | 1,128,000 | -3,419,000 | -5,834,000 | 5,914,000 | -3,461,000 | -525,000 | -2,270,000 | 673,000 | -4,249,000 | 1,395,000 | -2,020,000 | -1,677,000 | -970,000 | 271,000 | -1,931,000 | -1,222,000 | -754,000 | -398,000 | 756,000 | -2,350,000 | -1,561,000 | 2,467,000 | ||||||||||||||||||
other assets | 818,000 | -56,000 | 428,000 | -237,000 | 131,000 | 364,000 | 219,000 | 264,000 | -83,000 | 685,000 | 220,000 | -963,000 | 337,000 | 114,000 | 918,000 | -125,000 | 70,000 | -321,000 | 452,000 | -67,000 | 134,000 | -260,000 | 614,000 | 97,000 | -443,000 | -479,000 | -187,000 | -144,000 | ||||||||||||||||||
accrued liabilities | 9,063,000 | 20,921,000 | 17,738,000 | 3,844,000 | 19,948,000 | 4,663,000 | 17,702,000 | 4,833,000 | -103,000 | 5,741,000 | 10,218,000 | 11,657,000 | 6,079,000 | 492,000 | 6,290,000 | 1,428,000 | 2,245,000 | 4,565,000 | 6,927,000 | -2,404,000 | 1,653,000 | 293,000 | 2,812,000 | -2,264,000 | 6,202,000 | -1,893,000 | 7,009,000 | 1,736,000 | ||||||||||||||||||
other liabilities | 2,536,000 | 6,097,000 | 3,622,000 | 4,371,000 | -74,000 | -65,000 | -197,000 | -92,000 | -236,000 | -119,000 | -525,000 | -483,000 | -12,000 | 76,000 | -76,000 | -652,000 | -537,000 | -1,608,000 | -12,000 | 657,000 | -170,000 | 235,000 | 139,000 | 484,000 | -408,000 | 1,393,000 | 415,000 | 574,000 | ||||||||||||||||||
cash paid for acquisition of intangible assets | -8,358,000 | 0 | 0 | 0 | -18,470,000 | |||||||||||||||||||||||||||||||||||||||||
payments for 2023 convertible senior notes partial repurchase | -178,911,000 | -66,455,000 | -518,774,000 | -5,335,000 | -495,704,000 | |||||||||||||||||||||||||||||||||||||||||
unrealized gain and other related costs on investments | -39,535,000 | -24,304,000 | ||||||||||||||||||||||||||||||||||||||||||||
tax benefit from release of valuation allowance | 0 | 0 | 35,000 | -3,245,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -15,000,000 | ||||||||||||||||||||||||||||||||||||||||||
reclassification from intangible assets to prepaid and other assets | ||||||||||||||||||||||||||||||||||||||||||||||
earnout related matters, including issuance of common stock for milestone achievements | ||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -28,198,000 | 11,692,000 | 418,458,000 | 14,995,000 | 18,638,000 | -17,299,000 | 10,003,000 | 12,317,000 | 373,771,000 | |||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow data | ||||||||||||||||||||||||||||||||||||||||||||||
loss and other related costs on investments | 22,246,000 | |||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred sales commission cost | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount and issuance cost | ||||||||||||||||||||||||||||||||||||||||||||||
restricted investments | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||
payments for capped call transactions and costs | 0 | 0 | 0 | -49,910,000 | ||||||||||||||||||||||||||||||||||||||||||
taxes paid related to net share settlement of equity awards | -4,422,000 | -5,197,000 | -3,113,000 | -1,934,000 | -1,715,000 | -2,471,000 | -1,972,000 | -1,014,000 | -1,566,000 | -1,007,000 | -124,000 | -46,000 | ||||||||||||||||||||||||||||||||||
payment of contingent consideration for business combination | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt | 0 | 0 | -937,000 | -938,000 | -937,000 | -938,000 | -937,000 | -938,000 | -937,000 | -3,330,000 | -2,727,000 | -2,431,000 | -2,421,000 | -2,330,000 | ||||||||||||||||||||||||||||||||
reclassification from intangible assets to prepaid services | ||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred sales commission costs | 7,993,000 | 6,968,000 | 6,228,000 | 5,283,000 | 4,689,000 | 3,984,000 | ||||||||||||||||||||||||||||||||||||||||
deferred sales commission costs | -18,435,000 | -21,555,000 | -11,477,000 | -13,439,000 | -10,190,000 | -14,125,000 | -7,478,000 | |||||||||||||||||||||||||||||||||||||||
cash held for future indemnity claims | 0 | -52,000 | 7,200,000 | |||||||||||||||||||||||||||||||||||||||||||
liability for potential future payments | -1,030,000 | |||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
foreign currency remeasurement (gain) loss | 294,000 | -121,000 | ||||||||||||||||||||||||||||||||||||||||||||
benefit from bad debt | 701,000 | 1,253,000 | 70,000 | |||||||||||||||||||||||||||||||||||||||||||
contingent consideration not paid relating to asset acquisition | 0 | 3,848,000 | ||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||
deferred income tax | -13,000 | -7,000 | -2,000 | 14,000 | -117,000 | 0 | ||||||||||||||||||||||||||||||||||||||||
others | 119,000 | 351,000 | 96,000 | 17,000 | ||||||||||||||||||||||||||||||||||||||||||
changes in assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||
payment of holdback from glip acquisition | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
repayment of capital lease and financing obligations | ||||||||||||||||||||||||||||||||||||||||||||||
equipment under financing obligations | ||||||||||||||||||||||||||||||||||||||||||||||
* see note 2 for a summary of adjustments. | ||||||||||||||||||||||||||||||||||||||||||||||
restricted investment | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of capital lease obligations | 0 | 0 | 0 | 0 | -92,000 | -90,000 | -87,000 | -85,000 | -83,000 | -210,000 | -216,000 | -189,000 | -386,000 | -10,000 | -113,000 | -110,000 | ||||||||||||||||||||||||||||||
equipment acquired under capital lease | 0 | 0 | 4,513,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
issuance of common stock for achievement of glip related matters | 300,000 | 1,500,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities | ||||||||||||||||||||||||||||||||||||||||||||||
impairment of fixed assets | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other expense related to debt | ||||||||||||||||||||||||||||||||||||||||||||||
net accretion of discount and amortization of premium on available-for-sale securities | 14,000 | 200,000 | 307,000 | 95,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from the maturity of available-for-sale securities | 2,320,000 | 9,500,000 | 9,480,000 | 6,780,000 | ||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -48,000 | -346,000 | 167,000 | 37,000 | 40,000 | -117,000 | 172,000 | 103,000 | -97,000 | 139,000 | 89,000 | 41,000 | -21,000 | -1,000 | -7,000 | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 8,886,000 | 5,291,000 | 7,965,000 | 4,599,000 | 8,717,000 | 1,486,000 | 7,584,000 | 9,215,000 | 6,637,000 | 970,000 | -7,509,000 | -30,727,000 | -15,408,000 | 50,448,000 | 90,926,000 | |||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 28,000 | 0 | 39,000 | 22,000 | 45,000 | 123,000 | 29,000 | 11,000 | 13,000 | 47,000 | 14,000 | 15,000 | 49,000 | 18,000 | 15,000 | |||||||||||||||||||||||||||||||
issuance of common stock for business combination | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||
change in liability for unvested exercised options | 0 | 0 | 0 | 3,000 | 10,000 | 9,000 | 10,000 | 9,000 | 10,000 | 9,000 | 9,000 | 19,000 | ||||||||||||||||||||||||||||||||||
change in unrealized gain on available-for-sale securities | 27,000 | |||||||||||||||||||||||||||||||||||||||||||||
inventory | 21,000 | 38,000 | 781,000 | 1,414,000 | -29,000 | 84,000 | -318,000 | -343,000 | 301,000 | 163,000 | 127,000 | -190,000 | -77,000 | |||||||||||||||||||||||||||||||||
purchases of available-for-sale securities | 0 | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from public offerings of common stock | ||||||||||||||||||||||||||||||||||||||||||||||
payment of offering costs | 0 | 0 | -973,000 | -246,000 | ||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense and other incomes related to debt | ||||||||||||||||||||||||||||||||||||||||||||||
cash paid in business combination, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the maturity of restricted investments | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense and other expenses related to debt | ||||||||||||||||||||||||||||||||||||||||||||||
equipment and capitalized software purchased and unpaid at period end | 496,000 | |||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on available-for-sale securities | 50,000 | |||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest and other income related to debt | ||||||||||||||||||||||||||||||||||||||||||||||
allowance for doubtful accounts | 259,000 | |||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 191,000 | 3,000 | 117,000 | 11,000 | 76,000 | 0 | 20,000 | 4,000 | ||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from debt agreements | 14,950,000 | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
accrued liability for deferred offering costs | 1,123,000 | |||||||||||||||||||||||||||||||||||||||||||||
conversion of convertible preferred stock into common stock | ||||||||||||||||||||||||||||||||||||||||||||||
reclassification of preferred stock warrants from liability to equity | 0 | |||||||||||||||||||||||||||||||||||||||||||||
equipment purchased and unpaid at period end | -898,000 | -851,000 | 232,000 | 2,236,000 | -82,000 | -471,000 | -301,000 | 1,867,000 | 205,000 | |||||||||||||||||||||||||||||||||||||
non-cash interest expense related to debt | 37,000 | |||||||||||||||||||||||||||||||||||||||||||||
change in fair value of purchase consideration | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from restricted investments | 0 | 0 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from secondary public offering of common stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents: | ||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense related to debt | 62,000 | 72,000 | 49,000 | 73,000 | ||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||
deferred debt issuance costs recorded in connection with issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock in connection with legal settlement | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options and common stock warrants | 3,533,000 | 1,943,000 | 58,000 | |||||||||||||||||||||||||||||||||||||||||||
net proceeds from secondary offering of common stock | 57,167,000 | |||||||||||||||||||||||||||||||||||||||||||||
noncash financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||
noncash interest and other expense related to debt agreements | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
repayment of debt agreements | ||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from initial public offering of common stock | ||||||||||||||||||||||||||||||||||||||||||||||
change in liability for nonvested options exercised | ||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock to common stock in connection with initial public offering | ||||||||||||||||||||||||||||||||||||||||||||||
accrued liability for initial public offering costs | ||||||||||||||||||||||||||||||||||||||||||||||
equipment purchased under capital lease | ||||||||||||||||||||||||||||||||||||||||||||||
noncash interest and other expense related to warrants issued in connection with debt agreements | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from preferred stock warrants issued in connection with debt agreements | ||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred initial public offering costs | ||||||||||||||||||||||||||||||||||||||||||||||
deferred debt issuance cost recorded in connection with issuance of preferred stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||
accrued liability for deferred initial public offering costs |