7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 
      
    		                   
      operating activities
    		                   
      net income
    		-107,365,000 -77,907,000 -122,523,000 -124,548,000 -125,738,000 -291,478,000 -253,985,000 -125,310,000 -193,324,000 -253,703,000 -287,754,000 -250,021,000 -204,158,000 -177,555,000 -161,653,000 -115,152,000 -148,342,000 -107,460,000 -83,502,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                   
      depreciation and amortization
    		96,928,000 96,217,000 103,161,000 102,600,000 101,409,000 101,810,000 232,254,000 111,023,000 111,079,000 109,560,000 83,978,000 43,490,000 42,636,000 41,472,000 25,345,000 15,120,000 12,270,000 11,832,000 11,690,000 
      stock-based compensation expense
    		101,604,000 98,790,000 110,356,000 104,617,000 115,399,000 265,877,000 180,953,000 147,181,000 157,534,000 163,028,000 173,917,000 154,479,000 118,474,000 103,195,000 97,875,000 97,317,000 74,913,000 64,424,000 51,094,000 
      gain on repayment of convertible note
    		0 -42,744,000 0 0 0 -61,371,000              
      impairment of property and equipment
    		579,000 3,470,000 -83,000 956,000                
      other
    		-7,754,000 -218,000 8,574,000 -648,000 -1,133,000 16,516,000 13,056,000 10,036,000 1,142,000 379,000 12,032,000 3,496,000 2,630,000 3,260,000 2,839,000 3,324,000 6,239,000 1,441,000  
      changes in assets and liabilities, net of effects of acquisitions:
    		                   
      accounts receivable
    		-43,083,000 21,022,000 1,896,000 -2,603,000 47,806,000 -9,740,000 -6,555,000 26,713,000 -19,380,000 21,013,000 -30,806,000 3,385,000 10,341,000 7,532,000 -38,815,000 41,213,000 -42,488,000 -25,061,000 -48,576,000 
      prepaid expenses and other
    		24,373,000 -10,602,000 746,000 7,866,000 -3,036,000 -16,779,000 -2,040,000 -495,000 15,260,000 7,589,000 -13,220,000 -474,000        
      other assets
    		1,866,000 10,023,000 -7,113,000 6,753,000 13,000 -2,399,000 11,514,000 9,222,000 13,142,000 11,169,000 14,198,000 12,565,000 15,575,000 -2,242,000 -92,000 2,283,000 2,750,000 -11,569,000 -1,724,000 
      accounts payable
    		-4,297,000 2,198,000 652,000 550,000 -5,733,000 5,273,000 -6,881,000 3,637,000 -10,519,000 7,450,000 -18,548,000 1,556,000 -620,000 38,000 2,205,000 1,091,000 -7,577,000 6,303,000 1,632,000 
      accrued expenses and other
    		7,417,000 -21,029,000 8,696,000 24,934,000 -36,032,000 -4,269,000 2,952,000 9,706,000 -26,422,000 -7,305,000 5,602,000 9,825,000        
      publisher payables
    		33,590,000 -55,155,000 11,731,000 -5,701,000 -22,418,000 25,558,000 -23,147,000 -37,690,000 28,084,000 -27,756,000 14,749,000 -24,985,000 -16,226,000 -23,780,000 38,951,000 -22,682,000 35,052,000 4,047,000 31,126,000 
      other long-term liabilities
    		-1,942,000 -10,919,000 -1,181,000 -12,146,000 -11,052,000 -23,584,000 12,017,000 -21,460,000 -19,500,000 -18,302,000 -2,284,000 -11,843,000 -16,150,000 487,000 -3,091,000 -340,000 -160,000 309,000 -4,449,000 
      deferred revenue
    		31,180,000 -120,000 -2,720,000 19,728,000 6,973,000 -12,787,000 -88,035,000 -12,510,000 -9,453,000 -18,221,000 -925,000 -10,273,000 -11,400,000 189,414,000 5,978,000 1,539,000 4,035,000 4,201,000 19,814,000 
      net cash from operating activities
    		133,096,000 13,026,000 112,192,000 122,358,000 88,376,000 -7,373,000 72,103,000 120,053,000 47,643,000 -5,099,000 -49,061,000 -68,800,000 -42,870,000 101,300,000 -39,509,000 43,623,000 -26,681,000 -88,882,000 14,765,000 
      capex
    		-6,446,000 -5,718,000 -6,442,000 -7,151,000 -8,766,000 -7,190,000 -11,361,000 -16,092,000 -14,118,000 -14,350,000 -14,794,000 -11,987,000 -15,428,000 -14,929,000 -13,979,000 -9,408,000 -6,807,000 -11,744,000 -11,200,000 
      free cash flows
    		126,650,000 7,308,000 105,750,000 115,207,000 79,610,000 -14,563,000 60,742,000 103,961,000 33,525,000 -19,449,000 -63,855,000 -80,787,000 -58,298,000 86,371,000 -53,488,000 34,215,000 -33,488,000 -100,626,000 3,565,000 
      investing activities
    		                   
      purchases of non-marketable investments
    		      0 -2,000,000   0 0        
      purchases of intangible assets
    		  0 -12,500,000                
      purchases of property and equipment
    		-6,446,000 -5,718,000 -6,442,000 -7,151,000 -8,766,000 -7,190,000 -11,361,000 -16,092,000 -14,118,000 -14,350,000 -14,794,000 -11,987,000 -15,428,000 -14,929,000 -13,979,000 -9,408,000 -6,807,000 -11,744,000 -11,200,000 
      net cash from investing activities
    		-8,446,000 -5,718,000 -6,442,000 -19,651,000 -9,126,000 -7,190,000 -11,361,000 -18,092,000 -14,618,000 88,111,000 581,664,000 131,130,000 45,894,000 -35,460,000 -1,328,397,000 -305,198,000 -114,139,000 -89,626,000 -510,516,000 
      financing activities
    		                   
      proceeds from issuance of convertible notes
    		0 690,000,000                  
      purchase of capped calls
    		0 -44,436,000                  
      payment of debt issuance costs
    		0 -13,236,000                  
      repayments of convertible note
    		0 -641,691,000 0 0 0 -414,999,000              
      proceeds from issuance of common stock from employee equity plans
    		9,783,000 21,611,000 19,390,000 20,000,000 11,304,000 25,998,000 10,991,000 23,050,000 19,973,000 21,971,000 7,009,000 18,766,000 7,502,000 30,216,000      
      net cash from financing activities
    		9,783,000 12,248,000 19,390,000 20,000,000 11,304,000 -389,001,000 10,991,000 -226,950,000 19,973,000 21,971,000 -283,118,000 18,766,000 7,502,000 30,216,000      
      effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash
    		15,440,000 4,197,000 -13,227,000 11,464,000 -3,258,000 -6,202,000 11,510,000 -8,871,000 -11,936,000 3,151,000  -4,144,000 -78,000 37,000      
      increase in cash, cash equivalents, and restricted cash
    		149,873,000 23,753,000 111,913,000 134,171,000 87,296,000 -409,766,000 83,243,000 -133,860,000 41,062,000 108,134,000  76,952,000 10,448,000 96,093,000      
      cash, cash equivalents, and restricted cash, beginning of period
    		0 1,527,881,000 0 0 0 1,604,267,000              
      cash, cash equivalents, and restricted cash, end of period
    		149,873,000 1,551,634,000 111,913,000 134,171,000 87,296,000 1,194,501,000 83,243,000 -133,860,000 41,062,000 1,613,822,000  76,952,000 10,448,000 1,162,692,000      
      supplemental disclosure of cash flow information:
    		                   
      cash paid for interest
    		   0    0            
      cash paid for (refunded from) income taxes
    		-1,343,000 -1,736,000                  
      cash paid for operating leases
    		10,482,000 10,433,000  12,369,000 13,118,000 13,540,000  11,439,000 10,025,000 10,181,000  6,378,000        
      supplemental disclosures of non‑cash investing and financing activities:
    		                   
      assets acquired under operating lease
    		5,384,000 22,000  727,000 4,586,000 9,273,000  186,000 12,765,000 24,528,000  2,892,000        
      purchases of short-term investments
    		      0 0 0 -212,000          
      proceeds from sales of short-term investments
    		                   
      proceeds from principal repayments and maturities of short-term investments
    		      0 0 0 102,673,000          
      sales of non-marketable investments
    		          0 0        
      business acquisitions, net of cash acquired
    		             -23,637,000 -1,154,883,000 -355,768,000 -44,613,000 -24,817,000 -17,507,000 
      capital contribution from noncontrolling interest holders
    		                   
      repurchase and retirement of common stock
    		      0             
      cash paid for income taxes, net of refunds
    		   3,034,000 5,266,000 11,041,000  10,123,000 1,995,000 3,751,000  15,927,000        
      cash and restricted cash, beginning of period
    		       0 0 1,505,688,000  0 0 1,066,599,000      
      fair value of common stock issued as consideration for business and asset acquisitions
    		                   
      common stock charitable donation expense
    		                  0 
      acquisition of intangible assets
    		                  0 
      proceeds from revolving loan facility
    		                   
      payment of principal related to revolving loan facility
    		                   
      proceeds from initial public offering, net of underwriting discounts, commissions, and offering costs
    		                   
      proceeds from issuance of convertible preferred stock, net of issuance costs
    		                   
      proceeds from issuance of common stock
    		                   
      table of contents
    		                   
      purchases of marketable securities
    		           0        
      proceeds from principal repayments on marketable securities
    		           28,200,000 7,501,000 23,182,000 3,719,000 3,229,000 9,607,000 2,017,000  
      maturities of marketable securities
    		           115,110,000 122,965,000 77,701,000 60,585,000 61,800,000 90,000,000 78,000,000  
      business acquisitions, net of cash acquired, and other
    		           -193,000        
      accrued property and equipment
    		           1,507,000        
      stock-based compensation expense in connection with modified awards for certain employees
    		             232,000 6,000 0 10,487,000 2,137,000  
      prepaid expenses
    		             -9,624,000 -7,794,000 3,769,000 7,082,000 -9,888,000 -5,958,000 
      other current assets
    		             508,000 -9,399,000 6,188,000 -7,641,000 -2,318,000 -2,902,000 
      operating lease right-of-use ("rou") assets
    		             6,337,000 5,913,000 5,931,000 5,988,000 5,907,000  
      deferred tax
    		             -629,000 13,879,000 -23,773,000 -1,315,000 -1,824,000 -1,922,000 
      accrued expenses and other current liabilities
    		             -22,439,000 10,608,000 4,019,000 33,711,000 -13,767,000 21,935,000 
      income and other taxes payable
    		             -10,012,000 -16,617,000 31,798,000 -6,373,000 -10,104,000 21,763,000 
      operating lease liabilities
    		             -4,894,000 -5,647,000 -8,022,000 -5,312,000 -7,492,000 -2,724,000 
      purchase of marketable securities
    		             -82,777,000 -223,839,000 -5,051,000 -161,726,000 -129,082,000  
      purchase of non-marketable investments
    		             -15,000,000 0 0 -600,000 -4,000,000  
      operating lease right-of-use assets
    		                  5,665,000 
      amortization of debt issuance costs
    		                   
      loss on disposition of property and equipment
    		                   
      impairment of assets
    		                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.