v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 757 $ 637
Short-term marketable securities 93 50
Accounts receivable, net of allowance of $3 and $2, respectively 979 1,127
Restricted cash and cash equivalents, current 117 172
Prepaid expenses and other current assets 171 213
Total current assets 2,117 2,199
Long-term marketable securities 35 81
Restricted cash and cash equivalents, noncurrent 0 18
Property and equipment, net 218 218
Operating lease right-of-use assets 27 30
Intangible assets, net 66 71
Goodwill 412 393
Deferred tax assets, net 596 664
Other assets 39 14
Total assets 3,510 3,687
Current liabilities:    
Accounts payable 62 70
Accrued and other current liabilities 631 634
Operating lease liabilities, current 3 3
Deferred revenue 232 211
Total current liabilities 929 917
Operating lease liabilities, noncurrent 31 33
Other long-term liabilities 27 24
Total liabilities 988 974
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 24,167 shares authorized as of December 31, 2025 and June 30, 2026; zero shares issued and outstanding as of December 31, 2025 and June 30, 2026 0 0
Common stock, $0.0001 par value per share; $2,000,000 shares authorized as of December 31, 2025 and June 30, 2026; 242,867 and $233,035 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively 0 0
Additional paid-in capital 7,289 7,005
Accumulated other comprehensive loss (7) (1)
Accumulated deficit (4,959) (4,486)
Total stockholders’ equity 2,322 2,518
Total liabilities, redeemable convertible preferred stock, and stockholders’ equity 3,510 3,687
Series A Redeemable Convertible Preferred Stock    
Current liabilities:    
Series A redeemable convertible preferred stock; $0.0001 par value per share; 5,833 shares authorized, issued, and outstanding as of December 31, 2025 and June 30, 2026 $ 200 $ 196