v3.25.4
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Summary of Reconciliation of Denominator Used in Calculation of Basic and Diluted Income (Loss) Per Share

A reconciliation of the denominator used in the calculation of basic and diluted income (loss) per share is as follows:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

 

(in thousands, except per share amounts)

 

Net income (loss)

 

$

45,911

 

 

$

4,628

 

 

$

(164,510

)

Weighted-average common shares outstanding—basic

 

 

52,455

 

 

 

51,178

 

 

 

49,877

 

Dilutive effect of share equivalents resulting from stock
   options, RSUs, ESPP, PSUs, and the Conversion Options

 

 

739

 

 

 

641

 

 

 

—

 

Weighted-average common shares outstanding-diluted

 

 

53,194

 

 

 

51,819

 

 

 

49,877

 

Net income (loss) per share, basic

 

$

0.88

 

 

$

0.09

 

 

$

(3.30

)

Net income (loss) per share, diluted

 

$

0.86

 

 

$

0.09

 

 

$

(3.30

)
Schedule of Potentially Dilutive Common Stock Equivalents

The weighted-average number of shares outstanding used in the computation of diluted net income (loss) per share does not include the effect of the following potentially outstanding common stock, as the effect would have been anti-dilutive:
Schedule of Roll Forward of Company's Allowance for Doubtful Accounts

The following is a roll-forward of the Company’s allowance for credit losses (in thousands):

 

 

 

Balance
Beginning
of Period

 

 

Charged to
Statement of
Operations

 

 

Deductions  (1)

 

 

Balance at
End of
Period

 

Allowance for credit losses

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2025

 

$

6,088

 

 

$

24,947

 

 

$

(24,210

)

 

$

6,825

 

Year ended December 31, 2024

 

$

5,516

 

 

$

19,862

 

 

$

(19,290

)

 

$

6,088

 

Year ended December 31, 2023

 

$

3,266

 

 

$

18,887

 

 

$

(16,637

)

 

$

5,516

 

(1) Deductions include actual accounts written-off, net of recoveries.
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of the cash, cash equivalents and restricted cash within the consolidated balance sheets that sum to the total of the same such amounts shown in the statement of cash flows for the year ended December 31, 2025 and 2024.

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

 

(in thousands)

Cash and cash equivalents

 

$

882,242

 

 

$

512,667

 

 

Restricted cash, included in prepaid expenses and other current assets
and other assets

 

 

2,703

 

 

 

4,053

 

 

Total cash, cash equivalents, and restricted cash

 

$

884,945

 

 

$

516,720

 

 
Schedule of Property Plant and Equipment Useful Life Depreciation is recorded over the following estimated useful lives:

 

 

 

Estimated Useful Life

Employee related computer equipment

 

2 - 3 years

Computer equipment and purchased software

 

3 years

Furniture and fixtures

 

5 years

Internal use software

 

5 years

Leasehold improvements

 

Lesser of lease term or useful life
Summary of Capitalized Software Development Costs, Exclusive of those Costs Recorded within Property and Equipment

Capitalized software development costs, exclusive of those costs recorded within property and equipment, consisted of the following:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Gross capitalized software development costs

 

$

537,849

 

 

$

374,127

 

Accumulated amortization

 

 

(324,055

)

 

 

(219,643

)

Capitalized software development costs, net

 

$

213,794

 

 

$

154,484