v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 405,654 $ 403,469
Digital assets, current 15,696 15,575
Marketable securities 1,232,810 1,252,474
Accounts receivable, net 188,351 247,915
Prepaid expenses and other current assets 93,882 85,267
Total current assets 1,936,393 2,004,700
Property and equipment, net 30,982 19,996
Intangible assets, net 12,663 19,083
Digital assets, non-current 11,787 15,116
Goodwill 101,396 101,396
Operating lease right-of-use assets 54,458 57,411
Restricted cash 9,800 9,799
Other assets 133,309 120,706
Total assets 2,290,788 2,348,207
Liabilities and stockholders’ equity    
Accounts payable 8,928 4,502
Accrued and other current liabilities 82,157 66,535
Accrued compensation and benefits 53,173 107,105
Operating lease liabilities, current 2,540 2,630
Deferred revenue 627,664 595,334
Total current liabilities 774,462 776,106
Operating lease liabilities, non-current 53,624 55,845
Other non-current liabilities 5,741 5,615
Total liabilities 833,827 837,566
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Additional paid-in capital 3,042,899 2,950,007
Accumulated other comprehensive income (loss) (168) 4,003
Accumulated deficit (1,585,774) (1,443,373)
Total stockholders’ equity 1,456,961 1,510,641
Total liabilities and stockholders’ equity 2,290,788 2,348,207
Convertible preferred stock    
Stockholders’ equity:    
Preferred stock, value 0 0
Blockchain    
Stockholders’ equity:    
Common stock, value 0 0
Common Class A    
Stockholders’ equity:    
Common stock, value 4 4
Common Class B    
Stockholders’ equity:    
Common stock, value 0 0
Common Class C    
Stockholders’ equity:    
Common stock, value $ 0 $ 0