v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 679,621 $ 1,298,327
Accounts receivable, net of allowance for doubtful accounts of $4,914 and $5,134 at June 30, 2025 and December 31, 2024, respectively 225,431 214,146
Inventories 38,159 38,138
Prepaid expenses and other current assets 130,059 113,296
Total current assets 1,073,270 1,663,907
Property and equipment, net 27,667 29,487
Goodwill 283,190 283,190
Intangible assets, net 1,383,306 1,431,360
Operating lease—right-of-use assets 25,501 27,092
Other assets 101,070 81,488
Total assets 2,894,004 3,516,524
Current liabilities:    
Accounts payable 54,434 33,130
Accrued expenses and other current liabilities 202,304 202,157
Accrued compensation 70,332 76,229
Deferred revenue—current 74,697 79,296
Convertible senior notes, net—current 0 550,723
Total current liabilities 401,767 941,535
Other liabilities 4,245 720
Operating lease liabilities, net of current portion 32,047 32,135
Deferred revenue, net of current portion 10,694 9,786
Deferred taxes, net 29,947 49,851
Convertible senior notes, net—non-current 993,165 991,418
Total liabilities 1,471,865 2,025,445
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 176,608,056 shares and 173,405,016 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 177 173
Additional paid-in capital 17,812,932 17,759,194
Accumulated deficit (16,355,572) (16,229,900)
Accumulated other comprehensive loss (35,398) (38,388)
Total stockholders’ equity 1,422,139 1,491,079
Total liabilities and stockholders’ equity $ 2,894,004 $ 3,516,524