v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 414,275 $ 358,560
Restricted cash 1,742 2,233
Investments 117,797 88,066
Accounts receivable, net 60,323 42,084
Contract assets, current portion, net 8,033 7,888
Prepaid expenses and other current assets 20,321 23,512
Deferred solution and other costs, current portion 27,025 26,611
Deferred implementation costs, current portion 10,230 9,706
Total current assets 659,746 558,660
Property and equipment, net 27,070 31,528
Right of use assets 29,535 30,402
Deferred solution and other costs, net of current portion 27,492 28,116
Deferred implementation costs, net of current portion 28,342 26,408
Intangible assets, net 86,769 94,633
Goodwill 512,869 512,869
Contract assets, net of current portion and allowance 11,296 9,483
Other long-term assets 2,294 2,696
Total assets 1,385,413 1,294,795
Current liabilities:    
Accounts payable 6,136 9,354
Accrued liabilities 20,061 18,239
Accrued compensation 23,846 32,949
Convertible notes, current portion 493,438 190,331
Deferred revenues, current portion 179,438 137,700
Lease liabilities, current portion 9,362 10,327
Total current liabilities 732,281 398,900
Convertible notes, net of current portion 0 302,115
Deferred revenues, net of current portion 25,285 27,281
Lease liabilities, net of current portion 36,524 38,346
Other long-term liabilities 6,988 10,357
Total liabilities 801,078 776,999
Commitments and contingencies (Note 8)
Stockholders' equity:    
Preferred stock: $0.0001 par value; 5,000 shares authorized, no shares issued or outstanding as of June 30, 2025 and December 31, 2024 0 0
Common stock: $0.0001 par value; 150,000 shares authorized, 62,442 issued and outstanding as of June 30, 2025 and 60,728 shares issued and outstanding as of December 31, 2024 6 6
Additional paid-in capital 1,233,480 1,183,893
Accumulated other comprehensive loss (1,438) (1,873)
Accumulated deficit (647,713) (664,230)
Total stockholders' equity 584,335 517,796
Total liabilities and stockholders' equity $ 1,385,413 $ 1,294,795