v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,663,773 $ 943,536
Available-for-sale securities 2,499,025 3,157,715
Accounts receivable, net 422,945 382,488
Contract assets 27,187 23,531
Restricted cash short-term 12,163 9,364
Prepaid expenses and other current assets 153,282 128,203
Total current assets 4,778,375 4,644,837
Property and equipment, net 703,209 618,691
Goodwill 376,204 226,563
Acquired intangible assets, net 57,369 41,799
Operating lease right-of-use assets 247,675 237,646
Deferred contract acquisition costs, noncurrent 240,523 219,499
Restricted cash 0 1,457
Other noncurrent assets 70,772 45,764
Total assets 6,474,127 6,036,256
Current liabilities:    
Accounts payable 127,032 84,115
Accrued expenses and other current liabilities 165,788 109,054
Accrued compensation 151,528 111,005
Operating lease liabilities 78,239 70,901
Deferred revenue 812,187 684,207
Current portion of convertible senior notes, net 1,293,260 1,291,281
Total current liabilities 2,628,034 2,350,563
Convertible senior notes, net 1,977,006 1,974,120
Operating lease liabilities, noncurrent 180,845 182,025
Deferred revenue, noncurrent 40,252 41,088
Other noncurrent liabilities 27,970 29,337
Total liabilities 4,854,107 4,577,133
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Additional paid-in capital 3,027,713 2,651,420
Accumulated deficit (1,397,815) (1,204,907)
Accumulated other comprehensive income (loss) (10,233) 12,259
Total stockholders’ equity 1,620,020 1,459,123
Total liabilities and stockholders’ equity 6,474,127 6,036,256
Class A common stock    
Stockholders’ Equity    
Common stock, value, issued 322 317
Class B common stock    
Stockholders’ Equity    
Common stock, value, issued $ 33 $ 34