v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 261,327 $ 334,686
Short-term investments 250,410 187,025
Accounts receivable, net of allowance for credit losses of $2,738 and $1,833 at June 30, 2025 and December 31, 2024, respectively 150,683 168,242
Deferred contract acquisition and fulfillment costs, current portion 49,292 52,134
Prepaid expenses and other current assets 42,805 44,024
Total current assets 754,517 786,111
Long-term investments 88,012 37,274
Property and equipment, net 29,639 32,245
Operating lease right-of-use assets 43,654 48,877
Deferred contract acquisition and fulfillment costs, non-current portion 66,714 73,672
Goodwill 575,268 575,268
Intangible assets, net 74,981 85,719
Other assets 15,955 12,868
Total assets 1,648,740 1,652,034
Current liabilities:    
Accounts payable 15,943 18,908
Accrued expenses and other current liabilities 78,125 88,802
Convertible senior notes, current portion, net 0 45,895
Operating lease liabilities, current portion 15,185 15,493
Deferred revenue, current portion 446,688 461,118
Total current liabilities 555,941 630,216
Convertible senior notes non-current portion, net 890,277 888,356
Operating lease liabilities, non-current portion 62,187 68,430
Deferred revenue, non-current portion 29,183 27,078
Other long-term liabilities 20,705 20,243
Total liabilities 1,558,293 1,634,323
Stockholders’ equity:    
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at June 30, 2025 and December 31, 2024; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.01 par value per share; 100,000,000 shares authorized at June 30, 2025 and December 31, 2024; 65,277,744 and 64,067,220 shares issued at June 30, 2025 and December 31, 2024, respectively; 64,707,489 and 63,496,965 shares outstanding at June 30, 2025 and December 31, 2024, respectively 646 635
Treasury stock, at cost, 570,255 shares at June 30, 2025 and December 31, 2024 (4,765) (4,765)
Additional paid-in-capital 1,068,643 1,011,080
Accumulated other comprehensive income (loss) 3,514 (1,205)
Accumulated deficit (977,591) (988,034)
Total stockholders’ equity 90,447 17,711
Total liabilities and stockholders’ equity $ 1,648,740 $ 1,652,034