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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 207,991 $ 190,422 $ 413,092 $ 373,596
Cost of revenue:        
Total cost of revenue 60,848 58,164 121,751 114,163
Total gross profit 147,143 132,258 291,341 259,433
Operating expenses:        
Research and development 40,056 50,762 81,046 97,108
Sales and marketing 77,795 83,036 150,600 163,623
General and administrative 22,412 22,888 42,247 47,095
Impairment of long-lived assets 0 27,231 0 27,231
Total operating expenses 140,263 183,917 273,893 335,057
Income (loss) from operations 6,880 (51,659) 17,448 (75,624)
Other income (expense), net:        
Interest income 5,221 1,787 9,941 3,455
Interest expense (2,673) (2,773) (5,343) (5,490)
Other expense, net (695) (13,268) (2,130) (13,575)
Income (loss) before income taxes 8,733 (65,913) 19,916 (91,234)
Provision for income taxes 538 869 9,463 1,463
Net income (loss) $ 8,195 $ (66,782) $ 10,453 $ (92,697)
Net income (loss) per share, basic (in dollars per share) $ 0.13 $ (1.10) $ 0.17 $ (1.54)
Net income (loss) per share, diluted (in dollars per share) $ 0.11 $ (1.10) $ 0.14 $ (1.54)
Weighted-average common shares outstanding, basic (in Shares) 62,496,289 60,470,396 62,201,182 60,180,954
Weighted-average common shares outstanding, diluted (in Shares) 74,250,360 60,470,396 74,135,121 60,180,954
Product subscriptions        
Revenue:        
Total revenue $ 200,067 $ 181,701 $ 396,985 $ 355,473
Cost of revenue:        
Total cost of revenue 54,982 51,148 109,637 99,336
Professional services        
Revenue:        
Total revenue 7,924 8,721 16,107 18,123
Cost of revenue:        
Total cost of revenue $ 5,866 $ 7,016 $ 12,114 $ 14,827