v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 774,348 $ 781,084
Accounts receivable, net of allowance for doubtful accounts of $3,628 and $4,033 at June 30, 2026 and December 31, 2025, respectively 221,015 192,826
Inventories 28,823 38,203
Prepaid expenses and other current assets 124,175 107,016
Total current assets 1,148,361 1,119,129
Property and equipment, net 24,690 26,972
Goodwill 283,190 283,190
Intangible assets, net 1,175,669 1,297,087
Operating lease—right-of-use assets 22,718 26,119
Other assets 103,997 105,803
Total assets 2,758,625 2,858,300
Current liabilities:    
Accounts payable 37,496 47,967
Accrued expenses and other current liabilities 226,550 198,208
Accrued compensation 60,172 96,258
Deferred revenue, current 60,812 62,305
Convertible senior notes, net—current 996,700 0
Total current liabilities 1,381,730 404,738
Operating lease liabilities, net of current portion 29,537 34,204
Deferred revenue, net of current portion 9,669 9,139
Deferred taxes, net 26,881 28,945
Convertible senior notes, net—non-current 0 994,925
Other liabilities 700 643
Total liabilities 1,448,517 1,472,594
Commitments and contingencies (Note 14)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 181,649,591 shares and 178,315,400 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 182 178
Additional paid-in capital 17,876,827 17,850,478
Accumulated deficit (16,532,967) (16,430,222)
Accumulated other comprehensive loss (33,934) (34,728)
Total stockholders’ equity 1,310,108 1,385,706
Total liabilities and stockholders’ equity $ 2,758,625 $ 2,858,300