v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 654,473 $ 743,294
Restricted cash 5,511 4,594
Other receivables 13,585 24,649
Prepaid data assets 11,742 11,742
Other current assets 24,246 28,566
Total current assets 709,557 812,845
Restricted cash, non-current 5,196 6,033
Property and equipment, net 95,811 103,931
Operating lease right-of-use assets 42,816 45,339
Financing lease right-of-use assets 18,694 20,210
Intangible assets, net 294,073 309,903
Goodwill 160,170 162,158
Deferred tax assets 957 957
Other assets, non-current 12,248 12,754
Total assets 1,339,522 1,474,130
Current liabilities    
Accounts payable 20,348 18,118
Accrued expenses and other liabilities 54,205 70,230
Unearned revenue 32,794 37,605
Operating lease liabilities 13,087 12,663
Notes payable and financing lease liabilities 9,265 9,091
Total current liabilities 129,699 147,707
Unearned revenue, non-current 114,723 114,012
Operating lease liabilities, non-current 42,842 46,647
Notes payable and financing lease liabilities, non-current 7,181 9,564
Deferred tax liabilities 18,283 23,255
Other liabilities, non-current 2,025 2,080
Total liabilities 314,753 343,265
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.00001 par value; 2,000,000,000 shares (Class A 1,989,032,117 and Class B 10,967,883) authorized as of March 31, 2026 and December 31, 2025; 530,628,653 shares (Class A 524,464,320, Class B 5,307,334 and Exchangeable 856,999) and 528,182,693 shares (Class A 521,831,046, Class B 5,547,334 and Exchangeable 804,313) issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 5 5
Additional paid-in capital 3,191,608 3,170,145
Accumulated deficit (2,193,506) (2,076,002)
Accumulated other comprehensive income (loss) 26,662 36,717
Total stockholders’ equity 1,024,769 1,130,865
Total liabilities and stockholders’ equity $ 1,339,522 $ 1,474,130