v3.25.2
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Aggregate Purchase Consideration The aggregate purchase consideration was $1.0 billion, which was comprised of the following (in thousands):
Cash paid by the Company$96,498 
Fair value of Class A common stock and restricted stock awards issued by the Company928,900 
Fair value of replacement restricted stock units 3,861 
Total purchase price$1,029,259 
Schedule of Recognized Asset Acquired and Liability
The allocation of the purchase price is preliminary and subject to change as the Company finalizes its assessment of the fair values of the assets acquired and liabilities assumed during the measurement period following the acquisition date. The preliminary fair values of assets acquired and liabilities assumed on the acquisition date are summarized as follows (in thousands):
Cash and cash equivalents$50,792 
Accounts receivable, net13,418 
Prepaid expenses and other current assets2,205 
Property and equipment, net858 
Operating lease right-of-use assets1,080 
Intangible assets, net207,600 
Goodwill793,426 
Other non-current assets178 
Total assets acquired$1,069,557 
Accounts payable885 
Accrued liabilities7,036 
Deferred revenue, current25,414 
Operating lease liabilities, current283 
Other current liabilities31 
Deferred revenue, non-current309 
Operating lease liabilities, non-current797 
Deferred tax liabilities, non-current5,543 
Total liabilities assumed$40,298 
Total purchase price$1,029,259 
Schedule of Intangible Assets and The Estimated Useful Lives The following table presents the amounts allocated to the intangible assets identified as of the date of acquisition and the estimated useful lives (in thousands):
Fair ValueUseful Lives (in years)
Customer relationships$36,100 12
Developed technology161,800 
5 - 7
Trade name9,700 5
Total $207,600