v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,056.2 $ 891.3
Short-term investments 57.6 146.9
Trade and other receivables, net 76.3 79.1
Prepaid expenses and other current assets 75.9 73.2
Total current assets 1,266.0 1,190.5
Property and equipment, net 338.1 378.4
Operating lease right-of-use asset 261.5 270.7
Intangible assets, net 22.4 33.7
Goodwill 456.9 454.9
Deferred tax assets 402.8 415.7
Other assets 78.6 101.0
Total assets 2,826.3 2,844.9
Current liabilities:    
Accounts payable 35.7 24.3
Accrued and other current liabilities 111.4 121.7
Accrued compensation and benefits 71.6 111.8
Operating lease liability 55.1 51.3
Finance lease obligation 128.9 144.3
Convertible senior notes, net, current 0.0 695.4
Term loan, net, current 27.1 15.0
Deferred revenue 748.9 729.7
Total current liabilities 1,178.7 1,893.5
Operating lease liability, non-current 334.2 355.9
Finance lease obligation, non-current 157.0 201.5
Convertible senior notes, net, non-current 690.7 689.9
Term loan, net, non-current 2,582.4 1,433.7
Other non-current liabilities 71.6 67.6
Total liabilities 5,014.6 4,642.1
Commitments and contingencies (Note 9)
Stockholders' deficit:    
Additional paid-in-capital 1,823.8 2,012.2
Accumulated deficit (4,018.9) (3,815.1)
Accumulated other comprehensive income 6.8 5.7
Total stockholders' deficit (2,188.3) (1,797.2)
Total liabilities and stockholders' deficit $ 2,826.3 $ 2,844.9