Balance Sheet Components

6 Months Ended

Jun. 30, 2026

Balance Sheet Related Disclosures [Abstract]

Prepaid expenses and other current assets consist of the following:


	As of June 30,		As of December 31,
	2026		2025
	(In thousands)
Prepaid expenses(1)	$	223,615	$	307,263
Other current assets	106,396		162,387
Total prepaid expenses and other current assets	$	330,011	$	469,650

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(1) In the three months ended June 30, 2026, the Company recorded a $32.8 million impairment loss on prepaid assets, which contributed to a decrease in prepaid expenses from December 31, 2025. The impairment loss was due to the Company’s determination that it would be unable to consume certain network services that were prepaid in previous periods due to operational and financial challenges experienced by two network service providers.

Accrued expenses and other current liabilities consist of the following:


	As of June 30,		As of December 31,
	2026		2025
	(In thousands)
Accrued payroll and related liabilities	$	87,912	$	95,795
Company-wide bonus program liability	76,184		136,221
Accrued sales bonus and commissions	14,742		21,922
Accrued cost of revenue	254,004		226,878
Sales and other taxes payable	57,053		58,259
ESPP contributions	5,376		6,925





Accrued other expense	62,427		62,119
Total accrued expenses and other current liabilities	$	557,698	$	608,119