v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 434,957 $ 401,305
Marketable securities 4,550,481 4,073,531
Accounts receivable, net of allowance for credit losses of $24,021 and $19,292 as of June 30, 2026 and December 31, 2025, respectively 827,345 741,262
Deferred contract costs, current 87,350 76,022
Prepaid expenses and other current assets 108,424 90,160
Total current assets 6,008,557 5,382,280
Property and equipment, net 409,634 338,093
Operating lease assets 206,037 214,674
Goodwill 706,721 530,568
Intangible assets, net 23,157 14,968
Deferred contract costs, non-current 145,028 126,708
Other assets 48,541 36,553
TOTAL ASSETS 7,547,675 6,643,844
CURRENT LIABILITIES:    
Accounts payable 313,529 148,791
Accrued expenses and other current liabilities 230,548 209,595
Operating lease liabilities, current 44,218 39,369
Deferred revenue, current 1,286,690 1,193,646
Total current liabilities 1,874,985 1,591,401
Operating lease liabilities, non-current 248,038 256,187
Convertible senior notes, net, non-current 985,545 983,449
Deferred revenue, non-current 50,860 68,711
Other liabilities 21,087 11,890
Total liabilities 3,180,515 2,911,638
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS' EQUITY:    
Additional paid-in capital 4,139,000 3,579,010
Accumulated other comprehensive (loss) income (6,764) 15,404
Retained earnings 234,921 137,789
Total stockholders’ equity 4,367,160 3,732,206
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 7,547,675 6,643,844
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value 3 3
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value $ 0 $ 0