v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (295,275) $ (345,065) $ (442,746)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 29,556 22,089 13,910
Net accretion of discounts on marketable securities (22,300) (37,766) (42,505)
Amortization of debt issuance costs 3,839 3,836 3,813
Amortization of deferred contract acquisition costs 58,310 54,258 45,888
Non-cash operating lease costs 4,300 3,966 3,992
Lease abandonment charges 0 0 15,667
Stock-based compensation, net of amounts capitalized 397,325 395,660 349,833
Deferred income taxes (18,699) 277 1,889
Other 5,686 3,370 2,358
Changes in operating assets and liabilities, net of effects of business combinations:      
Accounts receivable (79,718) (86,562) (53,593)
Deferred contract acquisition costs (71,853) (53,246) (61,354)
Prepaid expenses and other assets (25,394) 844 (10,387)
Accounts payable 13,466 127 (14,452)
Accrued expenses and other liabilities (15,512) 25,639 61,333
Operating lease liabilities (8,894) (10,140) (7,479)
Deferred revenue 89,437 56,173 30,176
Net cash provided by (used in) operating activities 64,274 33,460 (103,657)
CASH FLOWS FROM INVESTING ACTIVITIES      
Capitalization of internal-use software costs (22,558) (21,404) (17,845)
Purchases of marketable securities (1,638,898) (1,539,716) (1,586,693)
Sales of marketable securities 6,144 15,311 0
Maturities of marketable securities 1,474,654 1,591,164 1,578,323
Purchases of investments in privately-held companies (750) (2,250) 0
Purchases of property and equipment (3,597) (2,567) (2,834)
Cash paid for business combinations, net of cash acquired 0 (115,516) (55,802)
Net cash used in investing activities (185,005) (74,978) (84,851)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock upon exercise of vested options 57,260 55,836 73,919
Repurchases of unvested common stock 0 0 (255)
Proceeds from issuance of common stock under employee stock purchase plan 23,926 23,970 28,708
Net cash provided by financing activities 81,186 79,806 102,372
Effect of exchange rate changes on cash and cash equivalents 775 (2,069) 116
Net (decrease) increase in cash and cash equivalents (38,770) 36,219 (86,020)
Cash and cash equivalents at beginning of period 385,980 349,761 435,781
Cash and cash equivalents at end of period 347,210 385,980 349,761
Cash paid for:      
Income taxes 15,711 11,706 8,053
Non-cash investing and financing activities:      
Stock-based compensation capitalized as internal-use software costs 16,623 19,891 17,943
Issuance of common stock in connection with a business combination 0 2,642 0
Right-of-use assets obtained in exchange for new operating lease liabilities 0 2,722 0
Vesting of early exercised stock options $ 126 $ 1,215 $ 2,834