v3.25.2
Balance Sheet Components
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Components Balance Sheet Components
Accounts Receivable, Net
As of June 30, 2025 and December 31, 2024, the Company’s allowance for doubtful accounts was $7.3 million and $8.2 million, respectively. Provision for bad debt for the three months ended June 30, 2025 and 2024 was $4.5 million and $1.5 million, respectively, and for the six months ended June 30, 2025 and 2024 was $7.8 million and $4.1 million, respectively. Write-offs of uncollectible accounts receivable for the three months ended June 30, 2025 and 2024 was $5.5 million and $1.0 million, respectively, and for the six months ended June 30, 2025 and 2024 was $8.7 million and $2.4 million, respectively.
Property and Equipment, Net
Property and equipment, net consisted of the following:
June 30, 2025December 31, 2024
(in thousands)
Property and equipment:
Servers—network infrastructure$620,248 $488,799 
Construction in progress63,771 68,973 
Capitalized internal-use software116,563 98,055 
Office and computer equipment37,051 30,872 
Office furniture7,316 7,068 
Software5,182 4,097 
Leasehold improvements49,660 49,047 
Asset retirement obligation827 827 
Gross property and equipment900,618 747,738 
Less accumulated depreciation and amortization(353,269)(280,318)
Total property and equipment, net$547,349 $467,420 
Depreciation and amortization expense on property and equipment for the three months ended June 30, 2025 and 2024 was $40.1 million and $26.3 million, respectively, and for the six months ended June 30, 2025 and 2024 was $77.2 million and $50.4 million, respectively. This includes amortization expense for capitalized internal-use software which totaled $7.8 million and $5.9 million for the three months ended June 30, 2025 and 2024, respectively, and $15.2 million and $11.4 million for the six months ended June 30, 2025 and 2024, respectively.
Goodwill
As of June 30, 2025 and December 31, 2024, the Company's goodwill was $181.1 million. No goodwill impairments were recorded during the six months ended June 30, 2025 and 2024.
Acquired Intangible Assets, Net
Acquired intangible assets, net consisted of the following:
June 30, 2025
Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value
(in thousands)
Developed technology$24,820 $13,919 $10,901 
Customer relationships11,680 4,792 6,888 
Other4,462 141 4,321 
Total acquired intangible assets, net$40,962 $18,852 $22,110 
December 31, 2024
Gross Carrying
Amount		Accumulated
Amortization		Net Book
Value
(in thousands)
Developed technology$22,131 $7,878 $14,253 
Customer relationships11,600 3,988 7,612 
Total acquired intangible assets, net$33,731 $11,866 $21,865 
Amortization of acquired intangible assets was $3.7 million and $2.0 million for the three months ended June 30, 2025 and 2024, respectively, and $7.0 million and $7.2 million for the six months ended June 30, 2025 and 2024, respectively.
As of June 30, 2025, the estimated future amortization expense of acquired intangible assets was as follows:
Estimated
Amortization
(in thousands)
Year ending December 31,
2025 (remaining six months)$6,798 
20266,727 
20272,117 
20281,896 
20291,896 
Thereafter2,676 
Total$22,110