v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 185,110 $ 212,447
Marketable securities 176,797 213,352
Total cash, cash equivalents, and marketable securities 361,907 425,799
Accounts receivable, net 143,213 264,713
Unbilled receivables, net 154,029 166,478
Other current assets 102,559 121,305
Total current assets 761,708 978,295
Long-term unbilled receivables, net 77,947 102,544
Goodwill 81,265 81,506
Long-term deferred income taxes 176,903 175,472
Other long-term assets 286,220 294,027
Total assets 1,384,043 1,631,844
Current liabilities:    
Accounts payable 52,964 12,924
Accrued expenses 92,295 44,847
Accrued compensation and related expenses 87,583 148,797
Deferred revenue 462,532 509,275
Other current liabilities 23,886 21,935
Total current liabilities 719,260 737,778
Long-term operating lease liabilities 56,996 60,825
Other long-term liabilities 47,403 45,860
Total liabilities 823,659 844,463
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, 1,000 shares authorized; none issued 0 0
Common stock, 400,000 shares authorized; 164,358 and 170,347 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 1,644 1,703
Additional paid-in capital 72,300 330,926
Retained earnings 499,493 463,389
Accumulated other comprehensive (loss) (13,053) (8,637)
Total stockholders’ equity 560,384 787,381
Total liabilities and stockholders’ equity $ 1,384,043 $ 1,631,844