v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows provided by (used in) operating activities:    
Net loss $ (18,794) $ (13,128)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation on property and equipment 3,489 2,534
Amortization on intangible assets 895 4
Noncash lease expense 721 0
Impairment of long-lived assets 313 0
Equity-based compensation 13,129 608
Warrant liabilities 0 1,893
Deferred income tax expense 206 0
Amortization of revolver loan costs 198 0
Amortization, net on marketable securities 287 0
Changes in operating assets and liabilities:    
Accounts receivable (2,194) (165)
Prepaid expenses and other assets 6,472 (2,885)
Prepaid revenue share fee (1,300) (798)
Accounts payable (2,137) (1,150)
Accrued liabilities 7,261 1,366
Deferred revenue 17,232 11,528
Operating lease liabilities (846) 0
Deferred rent 0 (142)
Net cash used provided by (used in) operating activities 24,932 (335)
Cash flows used in investing activities:    
Purchases of marketable securities (149,066) (47,002)
Sales of marketable securities 149,066 47,090
Purchases of property and equipment (5,533) (8,794)
Capitalized intangible assets (100) (204)
Net cash used in investing activities (5,633) (8,910)
Cash flows provided by financing activities:    
Repurchase of members’ equity 0 (11,744)
Proceeds from issuance of members’ equity, net of cost 0 80,277
Issuance of warrants 0 289
Net cash provided by financing activities 0 68,822
Net increase in cash, cash equivalents, and restricted cash 19,299 59,577
Cash, cash equivalents, and restricted cash, beginning of period 309,126 139,082
Exchange rate effect on cash and cash equivalents, and restricted cash (50) 0
Cash, cash equivalents, and restricted cash, end of period $ 328,375 $ 198,659

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