v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 445,845 $ 403,469
Digital assets, current 15,820 15,575
Marketable securities 1,221,293 1,252,474
Accounts receivable, net 190,876 247,915
Prepaid expenses and other current assets 103,206 85,267
Total current assets 1,977,040 2,004,700
Property and equipment, net 38,321 19,996
Intangible assets, net 13,371 19,083
Digital assets, non-current 10,115 15,116
Goodwill 101,396 101,396
Operating lease right-of-use assets 62,320 57,411
Restricted cash 9,800 9,799
Other assets 138,911 120,706
Total assets 2,351,274 2,348,207
Liabilities and stockholders’ equity    
Accounts payable 26,149 4,502
Accrued and other current liabilities 91,557 66,535
Accrued compensation and benefits 53,528 107,105
Operating lease liabilities, current 8,661 2,630
Deferred revenue 626,783 595,334
Total current liabilities 806,678 776,106
Operating lease liabilities, non-current 59,090 55,845
Other non-current liabilities 7,599 5,615
Total liabilities 873,367 837,566
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Additional paid-in capital 3,178,403 2,950,007
Accumulated other comprehensive income (loss) (2,574) 4,003
Accumulated deficit (1,697,926) (1,443,373)
Total stockholders’ equity 1,477,907 1,510,641
Total liabilities and stockholders’ equity 2,351,274 2,348,207
Convertible preferred stock    
Stockholders’ equity:    
Preferred stock, value 0 0
Blockchain    
Stockholders’ equity:    
Common stock, value 0 0
Common Class A    
Stockholders’ equity:    
Common stock, value 4 4
Common Class B    
Stockholders’ equity:    
Common stock, value 0 0
Common Class C    
Stockholders’ equity:    
Common stock, value $ 0 $ 0