v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 343,291 $ 246,664
Short-term investments 326,967 228,006
Accounts receivable, net of allowance for credit losses of $2,063 and $2,476 at March 31, 2026 and December 31, 2025, respectively 135,128 167,017
Deferred contract acquisition and fulfillment costs, current portion 47,342 48,370
Prepaid expenses and other current assets 47,617 47,230
Total current assets 900,345 737,287
Long-term investments 0 184,119
Property and equipment, net 30,492 31,990
Operating lease right-of-use assets 44,250 45,485
Deferred contract acquisition and fulfillment costs, non-current portion 65,554 66,978
Goodwill 593,334 575,268
Intangible assets, net 67,567 65,105
Other assets 18,101 20,232
Total assets 1,719,643 1,726,464
Current liabilities:    
Accounts payable 12,304 11,041
Accrued expenses and other current liabilities 84,407 96,998
Convertible senior notes, current portion, net 597,574 0
Operating lease liabilities, current portion 17,964 16,176
Deferred revenue, current portion 442,260 451,155
Total current liabilities 1,154,509 575,370
Convertible senior notes non-current portion, net 295,666 892,284
Operating lease liabilities, non-current portion 53,987 59,908
Deferred revenue, non-current portion 28,417 29,971
Other long-term liabilities 12,292 14,201
Total liabilities 1,544,871 1,571,734
Stockholders’ equity:    
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at March 31, 2026 and December 31, 2025; 0 shares issued and outstanding at March 31, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value per share; 100,000,000 shares authorized at March 31, 2026 and December 31, 2025; 67,342,257 and 66,417,175 shares issued at March 31, 2026 and December 31, 2025, respectively; 66,772,002 and 65,846,920 shares outstanding at March 31, 2026 and December 31, 2025, respectively 667 658
Treasury stock, at cost, 570,255 shares at March 31, 2026 and December 31, 2025 (4,765) (4,765)
Additional paid-in-capital 1,142,304 1,120,963
Accumulated other comprehensive income (loss) 89 2,527
Accumulated deficit (963,523) (964,653)
Total stockholders’ equity 174,772 154,730
Total liabilities and stockholders’ equity $ 1,719,643 $ 1,726,464