v3.26.1
Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total revenue $ 911,740 $ 760,866 $ 1,792,735 $ 1,475,003
Cost of revenues:        
Total cost of revenues 160,879 122,161 306,572 237,268
Gross profit 750,861 638,705 1,486,163 1,237,735
Operating expenses:        
Research and development 225,823 237,340 460,017 457,438
Sales and marketing 397,707 339,879 784,138 666,578
General and administrative 82,936 84,995 168,576 163,629
Restructuring 1,076 1,105 2,169 2,186
Total operating expenses 707,542 663,319 1,414,900 1,289,831
Income (loss) from operations 43,319 (24,614) 71,263 (52,096)
Other income (expense):        
Interest income 9,412 18,290 22,296 38,854
Interest expense (395) (227) (641) (872)
Other (expense) income, net (2,769) 1,094 (4,057) (1,214)
Total other income 6,248 19,157 17,598 36,768
Income (loss) before income tax expense 49,567 (5,457) 88,861 (15,328)
Income tax (expense) benefit (6,229) 2,199 (12,969) (9,723)
Net income (loss) $ 43,338 $ (3,258) $ 75,892 $ (25,051)
Net income (loss) per share, basic $ 0.86 $ (0.06) $ 1.47 $ (0.48)
Net income (loss) per share, diluted $ 0.86 $ (0.06) $ 1.47 $ (0.48)
Weighted average common shares used in computing basic net income (loss) per share: 50,569 52,696 51,525 52,427
Weighted average common shares used in computing diluted net income (loss) per share 50,615 52,696 51,564 52,427
Subscription [Member]        
Revenues:        
Total revenue $ 894,025 $ 744,532 $ 1,756,289 $ 1,443,260
Cost of revenues:        
Total cost of revenues 145,957 106,670 274,681 206,900
Professional Services and Other [Member]        
Revenues:        
Total revenue 17,715 16,334 36,446 31,743
Cost of revenues:        
Total cost of revenues $ 14,922 $ 15,491 $ 31,891 $ 30,368