v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 984,590 $ 1,064,875
Restricted cash 738 738
Accounts receivable, net of allowance for doubtful accounts 72,302 60,714
Deferred contract acquisition costs, current 33,588 29,634
Prepaid expenses and other current assets 55,273 50,115
Total current assets 1,146,491 1,206,076
Property and equipment, net 84,458 80,341
Right-of-use assets, net 96,135 101,126
Deferred contract acquisition costs, non-current 55,229 47,769
Prepaid marketing expense 127,724 132,849
Other non-current assets 13,580 12,443
Total assets 1,523,617 1,580,604
Current liabilities:    
Accounts payable 21,613 29,072
Accrued expenses 113,971 125,159
Lease liabilities, current 23,969 24,757
Deferred revenue 111,493 103,245
Total current liabilities 271,046 282,233
Lease liabilities, non-current 93,238 95,991
Other non-current liabilities 5,874 5,820
Total liabilities 370,158 384,044
Stockholders’ Equity    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; 0 and 0 shares issued and outstanding at March 31, 2026, and December 31, 2025, respectively. 0 0
Treasury stock: $0.001 par value; 4,307,869 and 0 shares held at March 31, 2026 and December 31, 2025, respectively 4 0
Additional paid-in capital 2,021,068 2,073,209
Accumulated deficit (867,915) (876,953)
Total stockholders’ equity 1,153,459 1,196,560
Total liabilities and stockholders’ equity 1,523,617 1,580,604
Series A Common Stock    
Stockholders’ Equity    
Common stock 144 144
Series B Common Stock    
Stockholders’ Equity    
Common stock $ 158 $ 160