v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 332,615 $ 553,362
Accounts receivable, net 1,383,778 1,301,955
Prepaid expenses and other current assets 30,007 26,261
TOTAL CURRENT ASSETS 1,746,400 1,881,578
Property and equipment, net 116,045 108,546
Right-of-use lease assets 62,290 66,611
Internal use software development costs, net 31,131 28,799
Intangible assets, net 7,320 12,445
Goodwill 983,902 983,902
Other assets, non-current 85,738 82,494
TOTAL ASSETS 3,032,826 3,164,375
Current liabilities:    
Accounts payable and accrued expenses 1,666,940 1,607,664
Lease liabilities, current 23,863 20,163
Debt, current, net of debt issuance costs 3,632 208,447
Other current liabilities 9,293 5,462
TOTAL CURRENT LIABILITIES 1,703,728 1,841,736
Debt, non-current, net of debt discount and issuance costs 346,768 347,665
Lease liabilities, non-current 42,715 50,085
Other liabilities, non-current 3,342 2,539
TOTAL LIABILITIES 2,096,553 2,242,025
Commitments and contingencies (Note 10)
STOCKHOLDERS' EQUITY    
Preferred stock, $0.00001 par value, 10,000 shares authorized at June 30, 2026 and December 31, 2025; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.00001 par value; 500,000 shares authorized at June 30, 2026 and December 31, 2025; 143,382 and 142,964 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 2 2
Additional paid-in capital 1,430,446 1,440,358
Accumulated other comprehensive loss (1,397) (1,451)
Accumulated deficit (492,778) (516,559)
TOTAL STOCKHOLDERS' EQUITY 936,273 922,350
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 3,032,826 $ 3,164,375