v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 191,458 $ 240,634
Marketable securities 527,882 494,450
Restricted cash 0 10,876
Accounts receivable 18,739 106,446
Inventory 10,006 11,545
Prepaid expenses and other current assets 23,013 26,815
Assets held for sale 0 87,510
Total current assets 771,098 978,276
Property and equipment, net 38,133 44,800
Right-of-use asset, net 19,842 22,897
Goodwill 112,542 113,462
Other non-current assets 13,960 17,077
Total assets 955,575 1,176,512
Current liabilities:    
Accounts payable 22,936 24,578
Accrued expenses 81,424 107,165
Deferred revenue 86,577 140,053
Current portion of finance lease liabilities 4,110 2,507
Other current liabilities 135,527 137,778
Liabilities held for sale 0 47,869
Total current liabilities 330,574 459,950
Deferred revenue 356,755 358,943
Long-term debt 291,490 244,213
Non-current finance lease liabilities 1,719 2,091
Other non-current liabilities 165,744 239,068
Total liabilities 1,146,282 1,304,265
Commitments and contingencies (Note 15)
Preferred stock, $0.01 par value, 2,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Stockholders' deficit:    
Common stock, $0.01 par value, 600,000,000 shares authorized at June 30, 2026 and December 31, 2025; 168,165,416 shares issued and 164,815,529 shares outstanding at June 30, 2026 and 164,969,773 shares issued and 162,575,937 shares outstanding at December 31, 2025 1,682 1,650
Additional paid-in capital 4,558,457 4,539,756
Accumulated deficit (4,631,026) (4,568,148)
Treasury stock, cost basis, 3,349,887 shares at June 30, 2026 and 2,393,836 shares at December 31, 2025 (112,372) (103,021)
Accumulated other comprehensive income (loss) (7,448) 2,010
Total stockholders’ deficit (190,707) (127,753)
Total liabilities and stockholders’ deficit $ 955,575 $ 1,176,512