v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 253,744 $ 530,230
Marketable securities 358,560 392,888
Restricted cash 10,749 10,626
Accounts receivable 226,396 108,285
Inventory 10,240 8,749
Prepaid expenses and other current assets 59,823 78,164
Total current assets 919,512 1,128,942
Property and equipment, net 129,643 138,413
Right of use asset, net 153,044 161,585
Goodwill 112,958 107,478
Other non-current assets 21,392 24,000
Total assets 1,336,549 1,560,418
Current liabilities:    
Accounts payable 50,595 41,579
Accrued expenses 86,697 211,165
Deferred revenue 113,763 675,067
Current portion of finance lease liabilities 5,552 7,009
Other current liabilities 132,531 219,596
Total current liabilities 389,138 1,154,416
Deferred revenue 399,263 446,819
Convertible notes payable 170,568 169,684
Non-current finance lease liabilities 52,370 53,726
Other non-current liabilities 287,585 359,614
Total liabilities 1,298,924 2,184,259
Commitments and contingencies (Note 15)
Preferred stock, $0.01 par value, 2,000,000 shares authorized at June 30, 2025 and December 31, 2024; no shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Stockholders' equity (deficit):    
Common stock, $0.01 par value, 600,000,000 shares authorized at June 30, 2025 and December 31, 2024; 164,475,337 shares issued and 162,155,109 shares outstanding at June 30, 2025 and 161,942,677 shares issued and 160,421,136 shares outstanding at December 31, 2024 1,645 1,619
Additional paid-in capital 4,522,193 4,501,403
Accumulated deficit (4,383,296) (5,008,450)
Treasury stock, cost basis, 2,320,228 shares at June 30, 2025 and 1,521,541 shares at December 31, 2024 (102,459) (95,854)
Accumulated other comprehensive income (loss) (458) (22,559)
Total stockholders’ equity (deficit) 37,625 (623,841)
Total liabilities and stockholders’ equity (deficit) $ 1,336,549 $ 1,560,418