v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 832,639 $ 1,064,875
Restricted cash 738 738
Accounts receivable, net of allowance for doubtful accounts 79,393 60,714
Deferred contract acquisition costs, current 37,768 29,634
Prepaid expenses and other current assets 57,869 50,115
Total current assets 1,008,407 1,206,076
Property and equipment, net 89,093 80,341
Right-of-use assets, net 92,793 101,126
Deferred contract acquisition costs, non-current 59,705 47,769
Prepaid marketing expense 122,600 132,849
Other non-current assets 11,571 12,443
Total assets 1,384,169 1,580,604
Current liabilities:    
Accounts payable 38,502 29,072
Accrued expenses 140,761 125,159
Lease liabilities, current 23,325 24,757
Deferred revenue 119,539 103,245
Total current liabilities 322,127 282,233
Lease liabilities, non-current 90,600 95,991
Other non-current liabilities 4,418 5,820
Total liabilities 417,145 384,044
Stockholders’ Equity    
Preferred stock: $0.001 par value; 100,000,000 shares authorized; 0 and 0 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively. 0 0
Treasury stock: $0.001 par value; 20,479,864 and 0 shares held at June 30, 2026 and December 31, 2025, respectively 20 0
Additional paid-in capital 1,843,479 2,073,209
Accumulated deficit (876,764) (876,953)
Total stockholders’ equity 967,024 1,196,560
Total liabilities and stockholders’ equity 1,384,169 1,580,604
Series A Common Stock    
Stockholders’ Equity    
Common stock 131 144
Series B Common Stock    
Stockholders’ Equity    
Common stock $ 158 $ 160