v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,180,887 $ 1,036,389
Short-term investments 132,979 104,078
Accounts receivable 130,979 162,827
Deferred cost of revenues 102,689 102,663
Income tax receivable 2,707 14,067
Prepaid expenses and other current assets 20,873 16,582
Total current assets 1,571,114 1,436,606
Operating lease right-of-use assets 74,830 80,380
Long-term investments 102,693 135,098
Intangible assets, net 27,598 28,309
Property and equipment, net 42,619 36,297
Goodwill 35,335 35,335
Restricted cash 2,735 2,735
Deferred tax assets, net 206,039 227,339
Other assets 10,990 10,083
Total assets 2,073,953 1,992,182
Current liabilities    
Deferred revenues 505,102 496,205
Accounts payable 16,196 7,998
Income tax payable 1,106 1,257
Accrued expenses and other current liabilities 55,429 45,688
Total current liabilities 577,833 551,148
Long-term obligation under operating leases 86,136 93,779
Deferred tax liabilities, net 242 249
Total liabilities 664,211 645,176
Commitments and contingencies (Note 9)
Stockholders’ equity    
Class A common stock, $0.0001 par value; 2,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 40,337 issued and 40,325 outstanding at June 30, 2026 and 40,368 issued and outstanding at December 31, 2025, respectively Class B common stock, $0.0001 par value; 30,000 shares authorized as of June 30, 2026 and December 31, 2025; 6,399 and 6,260 issued and outstanding at June 30, 2026 and December 31, 2025, respectively 5 5
Treasury stock, at cost; 12 and 0 shares as of June 30, 2026 and December 31, 2025, respectively. (1,425) 0
Additional paid-in capital 1,046,326 1,058,783
Retained earnings 364,836 288,218
Total stockholders’ equity 1,409,742 1,347,006
Total liabilities and stockholders' equity $ 2,073,953 $ 1,992,182