v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 139,190 $ 187,762
Short-term investments 221,071 214,419
Accounts receivable (net of allowance for doubtful accounts of $794 and $656 at March 31, 2026 and December 31, 2025, respectively) 170,254 279,150
Deferred commissions 51,333 52,914
Prepaid expenses and other current assets 65,358 39,339
Total current assets 647,206 773,584
Property and equipment, net 42,438 40,062
Deferred commissions (net of current portion) 67,180 71,715
Operating lease right-of-use assets 43,818 35,558
Acquired intangible assets, net 108,513 115,296
Goodwill 697,886 697,886
Other assets 13,280 13,566
Total assets 1,620,321 1,747,667
Current liabilities:    
Accounts payable and accrued expenses 18,878 21,889
Accrued compensation 50,156 69,166
Deferred revenue 679,987 706,866
Operating lease liabilities 8,041 9,596
Other current liabilities 5,384 5,432
Total current liabilities 762,446 812,949
Deferred revenue (net of current portion) 186,256 192,410
Term loan, net of issuance costs (net of current portion) 353,592 354,209
Operating lease liabilities (net of current portion) 57,688 50,877
Other liabilities 12,119 10,846
Total liabilities 1,372,101 1,421,291
Stockholders’ equity:    
Common stock (par value: $0.01; 500,000 shares authorized; 131,255 and 129,046 shares issued at March 31, 2026 and December 31, 2025, respectively) 1,313 1,290
Additional paid-in capital 1,638,765 1,586,727
Treasury stock (at cost: 16,682 and 10,596 shares at March 31, 2026 and December 31, 2025, respectively) (495,711) (364,574)
Accumulated other comprehensive (loss) income (107) 387
Accumulated deficit (896,040) (897,454)
Total stockholders’ equity 248,220 326,376
Total liabilities and stockholders’ equity $ 1,620,321 $ 1,747,667