v3.26.1
Segment and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Financial Information for Each Reportable Segment
Financial information for each reportable segment, including disaggregation of revenue, was as follows (in thousands, except percentages):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amount%Amount%Amount%Amount%
Contribution:
Government revenue$990,032 $552,983 $1,848,442 $1,039,946 
Expenses attributable to government segment(288,926)(202,571)(517,925)(388,574)
Government contribution701,106 71 %350,412 63 %1,330,517 72 %651,372 63 %
Commercial revenue945,432 450,714 1,719,605 847,606 
Expenses attributable to commercial segment(210,488)(163,138)(421,705)(318,885)
Commercial contribution734,944 78 %287,576 64 %1,297,900 75 %528,721 62 %
Total contribution$1,436,050 74 %$637,988 64 %$2,628,417 74 %$1,180,093 63 %
Summary of Reconciliation of Segment Financial Information to Loss from Operations
The reconciliation of total contribution to income from operations is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income from operations$912,004 $269,317 $1,666,002 $445,365 
Research and development expenses (1)
134,320 102,975 258,756 206,030 
General and administrative expenses (1)
124,517 105,725 236,858 213,388 
Total stock-based compensation expense265,209 159,971 466,801 315,310 
Total contribution$1,436,050 $637,988 $2,628,417 $1,180,093 
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(1)Excludes stock-based compensation expense.
Summary of Revenue by Geography
Revenue by geography is based on the customer’s headquarters or agency location at the time of sale. Revenue is as follows (in thousands, except percentages):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amount%Amount%Amount%Amount%
Revenue:
United States$1,573,047 81 %$732,592 73 %$2,855,113 80 %$1,361,086 72 %
Rest of world (1)
362,417 19 %271,105 27 %712,934 20 %526,466 28 %
Total revenue$1,935,464 100 %$1,003,697 100 %$3,568,047 100 %$1,887,552 100 %
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(1)No other country represented 10% or more of total revenue for the three and six months ended June 30, 2026 or 2025.