v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,518,608 $ 147,691
Available-for-sale securities 2,441,112 1,708,228
Accounts receivable, net 307,507 316,753
Contract assets 21,275 16,568
Restricted cash short-term 4,373 4,273
Prepaid expenses and other current assets 112,956 75,484
Total current assets 4,405,831 2,268,997
Property and equipment, net 547,349 467,420
Goodwill 181,087 181,087
Acquired intangible assets, net 22,110 21,865
Operating lease right-of-use assets 185,355 168,379
Deferred contract acquisition costs, noncurrent 183,919 172,217
Restricted cash 2,475 2,250
Other noncurrent assets 34,235 18,947
Total assets 5,562,361 3,301,162
Current liabilities:    
Accounts payable 95,680 105,807
Accrued expenses and other current liabilities 80,463 81,602
Accrued compensation 77,940 80,854
Operating lease liabilities 56,812 47,626
Deferred revenue 546,698 477,765
Total current liabilities 857,593 793,654
Convertible senior notes, net 3,260,506 1,287,321
Operating lease liabilities, noncurrent 144,795 128,266
Deferred revenue, noncurrent 35,805 22,095
Other noncurrent liabilities 23,935 23,625
Total liabilities 4,322,634 2,254,961
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Additional paid-in capital 2,414,291 2,152,750
Accumulated deficit (1,191,540) (1,102,640)
Accumulated other comprehensive income (loss) 16,628 (4,253)
Total stockholders’ equity 1,239,727 1,046,201
Total liabilities and stockholders’ equity 5,562,361 3,301,162
Class A common stock    
Stockholders’ Equity    
Common stock, value, issued 312 307
Class B common stock    
Stockholders’ Equity    
Common stock, value, issued $ 36 $ 37