v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 823,261 $ 682,335
Short-term marketable securities 1,833,069 1,788,007
Accounts receivable, net 760,074 636,736
Prepaid expenses and other current assets 330,011 469,650
Total current assets 3,746,415 3,576,728
Property and equipment, net 186,628 176,963
Operating right-of-use assets 30,462 39,031
Equity method investment 250,525 301,642
Intangible assets, net 114,064 142,065
Goodwill 5,292,457 5,291,787
Other long-term assets 188,674 222,648
Deferred tax asset 1,029,402 20,026
Total assets 10,838,627 9,770,890
Current liabilities:    
Accounts payable 70,551 85,089
Accrued expenses and other current liabilities 557,698 608,119
Deferred revenue and customer deposits 153,004 158,677
Operating lease liability, current 29,433 35,123
Total current liabilities 810,686 887,008
Operating lease liability, noncurrent 42,924 54,162
Long-term debt, net 993,162 992,287
Other long-term liabilities 14,047 15,887
Total liabilities 1,860,819 1,949,344
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Preferred stock 0 0
Class A common stock 154 152
Additional paid-in capital 16,488,013 16,148,190
Accumulated other comprehensive (loss) income (5,270) 15,668
Accumulated deficit (7,505,089) (8,342,464)
Total stockholders’ equity 8,977,808 7,821,546
Total liabilities and stockholders’ equity $ 10,838,627 $ 9,770,890