v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 222,266 $ 228,616
Short-term available-for-sale investments 528,609 348,876
Receivables, net 149,620 32,149
Inventory 79,073 80,128
Prepaid expenses and other current assets 65,795 77,869
Total current assets 1,045,363 767,638
Long-term available-for-sale investments: 0 351,263
Goodwill 342,838 278,325
Property, equipment, and software, net 333,845 311,930
Intangible assets, net 261,034 196,116
Operating lease right-of-use assets 144,247 137,046
Deferred tax assets, net 92,091 82,707
Other long-term assets 47,625 29,680
Total assets 2,267,043 2,154,705
Current liabilities:    
Accounts payable 306,865 143,278
Accrued liabilities 90,743 78,518
Deferred revenue 165,132 127,160
Operating lease liabilities 5,579 4,843
Earn-out payable 40,096 46,986
Earn-out liabilities 10,362 3,646
Total current liabilities 618,777 404,431
Convertible senior notes, net 974,106 972,580
Operating lease liabilities 152,352 143,167
Earn-out payable 26,944 0
Earn-out liabilities 12,287 53,009
Deferred tax liabilities, net 23,511 28,856
Other long-term liabilities 12,899 11,734
Total liabilities 1,820,876 1,613,777
Commitments and contingencies
Stockholders' equity:    
Common stock – Class A shares, par value $0.0001, 2,750,000,000 shares authorized and 222,326,117 and 218,867,898 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively; Class V shares, par value $0.0001, 10,000,000 shares authorized and 8,377,623 shares issued and outstanding as of March 31, 2026 and December 31, 2025 23 23
Additional paid-in capital 656,436 652,383
Accumulated other comprehensive (loss) income (4,405) 2,294
Accumulated deficit (205,887) (113,772)
Total stockholders' equity 446,167 540,928
Total liabilities and stockholders' equity $ 2,267,043 $ 2,154,705