CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 502,688	$ 497,049
Accounts receivable and unbilled, net (includes $2.9 million and $3.5 million with related parties at June 30, 2026 and December 31, 2025, respectively)	441,797	402,078
Prepaid expenses and other current assets	105,800	90,497
Total current assets	1,050,285	989,624
Property and equipment, net	157,114	131,055
Operating lease right-of-use assets	125,849	117,815
Goodwill	662,396	662,396
Intangible assets, net	33,110	33,420
Deferred income taxes	3,231	19,223
Other assets	25,196	21,939
Total assets	2,057,181	1,975,472
Current liabilities:
Accounts payable (includes $0.1 million and $0.3 million with related parties at June 30, 2026 and December 31, 2025, respectively)	37,527	28,142
Accrued expenses	451,076	408,382
Advanced billings (includes $13.1 million and $12.3 million with related parties at June 30, 2026 and December 31, 2025, respectively)	904,722	854,390
Other current liabilities	42,104	52,834
Total current liabilities	1,435,429	1,343,748
Operating lease liabilities	120,100	113,643
Deferred income tax liability	8,207	1,355
Other long-term liabilities	59,584	57,655
Total liabilities	1,623,320	1,516,401
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2026 and December 31, 2025	0	0
Common stock - $0.01 par-value; 250,000,000 shares authorized at June 30, 2026 and December 31, 2025; 27,910,605 and 28,370,780 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively	279	284
Treasury stock - 69,593 and 69,623 shares at June 30, 2026 and December 31, 2025, respectively	(12,151)	(12,156)
Additional paid-in capital	964,183	935,830
Accumulated deficit	(511,368)	(459,981)
Accumulated other comprehensive loss	(7,082)	(4,906)
Total shareholders’ equity	433,861	459,071
Total liabilities and shareholders’ equity	$ 2,057,181	$ 1,975,472

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).