v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 882,242 $ 512,667
Short-term investments 821,552 1,556,828
Accounts receivable - net of allowance for credit losses of $6,825 and $6,088 at December 31, 2025 and 2024, respectively 419,146 334,829
Deferred commission expense 226,184 148,693
Prepaid expenses and other current assets 100,611 80,586
Total current assets 2,449,735 2,633,603
Long-term investments 136,662 154,212
Property and equipment, net 141,869 114,165
Capitalized software development costs, net 213,794 154,484
Right-of-use assets 200,821 216,230
Deferred commission expense, net of current portion 218,991 160,814
Other assets 165,602 115,254
Intangible assets, net 35,225 37,563
Goodwill 291,452 209,508
Total assets 3,854,151 3,795,833
Current liabilities:    
Accounts payable 24,764 3,649
Accrued compensation costs 99,195 67,442
Accrued commissions 132,003 102,043
Accrued expenses and other current liabilities 166,861 125,135
Operating lease liabilities 39,703 32,693
Convertible senior notes   458,184
Deferred revenue 1,004,945 784,253
Total current liabilities 1,467,471 1,573,399
Operating lease liabilities, net of current portion 222,602 254,539
Deferred revenue, net of current portion 8,495 3,969
Other long-term liabilities 89,339 55,640
Total liabilities 1,787,907 1,887,547
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value - 500,000 shares authorized; 54,832 and 52,667 shares issued; 52,555 and 51,767 shares outstanding at December 31, 2025 and 2024, respectively 53 52
Treasury stock, $0.001 par value - 2,277 and 900 shares held at December 31, 2025 and December 31, 2024, respectively 2  
Additional paid-in capital 2,814,843 2,713,697
Accumulated other comprehensive income (loss) 5,244 (5,654)
Accumulated deficit (753,898) (799,809)
Total stockholders’ equity 2,066,244 1,908,286
Total liabilities and stockholders’ equity $ 3,854,151 $ 3,795,833