v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 489,030 $ 1,246,983
Marketable securities 3,421,940 2,942,076
Accounts receivable, net of allowance for credit losses of $17,413 and $16,302 as of June 30, 2025 and December 31, 2024, respectively 604,174 598,919
Deferred contract costs, current 62,090 56,095
Prepaid expenses and other current assets 67,442 67,042
Total current assets 4,644,676 4,911,115
Property and equipment, net 283,084 226,970
Operating lease assets 215,626 172,512
Goodwill 530,982 360,381
Intangible assets, net 17,239 3,711
Deferred contract costs, non-current 95,568 86,573
Other assets 35,240 24,077
TOTAL ASSETS 5,822,415 5,785,339
CURRENT LIABILITIES:    
Accounts payable 198,767 107,731
Accrued expenses and other current liabilities 148,028 127,136
Operating lease liabilities, current 39,955 31,970
Convertible senior notes, net, current 0 634,023
Deferred revenue, current 966,442 961,853
Total current liabilities 1,353,192 1,862,713
Operating lease liabilities, non-current 243,115 196,905
Convertible senior notes, net, non-current 981,357 979,282
Deferred revenue, non-current 29,866 22,693
Other liabilities 19,128 9,383
Total liabilities 2,626,658 3,070,976
COMMITMENTS AND CONTINGENCIES (NOTE 8)
STOCKHOLDERS' EQUITY:    
Additional paid-in capital 3,130,130 2,689,013
Accumulated other comprehensive income (loss) 8,287 (4,701)
Retained earnings 57,337 30,048
Total stockholders’ equity 3,195,757 2,714,363
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 5,822,415 5,785,339
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value 3 3
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value $ 0 $ 0