v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,590,515 $ 1,411,602
Marketable securities 60,102 50,004
Accounts receivable - net of allowance for credit losses of $354 and $296 as of June 30, 2025 (unaudited) and December 31, 2024, respectively 36,196 25,804
Prepaid expenses and other current assets 87,237 44,836
Total current assets 1,774,050 1,532,246
Property and equipment, net 47,232 41,576
Operating lease right-of-use assets 109,612 94,703
Other long-term assets 33,077 16,983
Total long-term assets 189,921 153,262
Total assets 1,963,971 1,685,508
CURRENT LIABILITIES:    
Accounts payable 41,859 35,611
Accrued expenses and other current liabilities 198,429 171,040
Deferred revenue, current 402,794 339,951
Operating lease liabilities, current 29,828 29,013
Total current liabilities 672,910 575,615
Operating lease liabilities, non-current 96,384 77,023
Deferred revenue, non-current 2,299 2,639
Total long-term liabilities 98,683 79,662
Total liabilities 771,593 655,277
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Ordinary shares, no par value – Authorized: 99,999,999 shares as of June 30, 2025(unaudited) and December 31, 2024; Issued and Outstanding: 51,551,462 and 50,773,337 as of June 30, 2025 (unaudited) and December 31,2024, respectively 0 0
Founders’ shares no par value: Authorized: 1 share as of June 30, 2025 (unaudited), and December 31, 2024; Issued and Outstanding: 1 share as of June 30,2025 (unaudited), and December 31, 2024
Additional paid-in capital 1,692,428 1,579,074
Accumulated other comprehensive income 22,984 3,189
Accumulated deficit (523,034) (552,032)
Total shareholders’ equity 1,192,378 1,030,231
Total liabilities and shareholders’ equity $ 1,963,971 $ 1,685,508