v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 310.4 $ 306.7 $ 620.6 $ 612.4
Cost of revenue:        
Cost of service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
Cost of service [1] $ 46.8 $ 40.1 $ 90.3 $ 77.9
Amortization of acquired technology 6.8 9.4 14.3 18.9
Gross profit 256.8 257.2 516.0 515.6
Operating expenses:        
Sales and marketing [1] 107.7 106.3 211.0 212.3
Research and development [1] 56.8 44.6 98.9 95.7
General and administrative [1] 58.6 47.3 109.4 93.1
Amortization of other acquired intangibles 5.2 5.3 10.3 10.5
Goodwill impairment 650.5 0.0 650.5 0.0
Total operating expenses 878.8 203.5 1,080.1 411.6
Income (Loss) from operations (622.0) 53.7 (564.1) 104.0
Interest expense, net 14.7 10.7 28.2 20.5
Gain on debt extinguishment (11.0) 0.0 (11.0) 0.0
Other income, net (7.2) (14.0) (7.1) (13.1)
Income (Loss) before income taxes (618.5) 57.0 (574.2) 96.6
Provision for income taxes 25.2 33.0 40.2 45.8
Net income (loss) $ (643.7) $ 24.0 $ (614.4) $ 50.8
Net income (loss) per share of common stock:        
Basic (in dollars per share) $ (2.19) $ 0.07 $ (2.06) $ 0.15
Diluted (in dollars per share) $ (2.19) $ 0.07 $ (2.06) $ 0.15
[1] Amounts include equity-based compensation expense, as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2026202520262025
Cost of service$2.5 $2.8 $5.1 $5.6 
Sales and marketing8.1 11.4 16.2 22.8 
Research and development7.0 8.4 14.1 17.0 
General and administrative8.1 7.1 15.8 13.9 
Total equity-based compensation expense$25.7 $29.7 $51.2 $59.3