v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s chief operating decision-maker ("CODM") is the chief executive officer and the executive management team. As of June 30, 2026, the Company is currently organized and operates as one operating and reportable segment. The Company is not organized by market and is managed and operated as one business. A single management team that reports to the chief executive officer comprehensively manages the entire business. The Company does not operate any material separate lines of business or separate business entities with respect to its services. Accordingly, the Company does not accumulate discrete financial information with respect to separate entities. The CODM assesses performance and makes decisions on optimizing the allocation of resources across functions and strategic investments using consolidated net income. Segment assets represent total assets as reported on the interim condensed consolidated balance sheets.
Information regarding the Company's one operating segment for the three and six months ended June 30, 2026 and 2025 was as follows (in thousands):

For the Three Months
Ended June 30,		For the Six Months
Ended June 30,
2026202520262025
Revenue$1,099,682 $1,043,494 $2,173,292 $2,058,633 
Less:
Co-location costs99,494 87,189 198,364 170,950 
Bandwidth fees53,521 45,647 106,330 93,470 
Network build-out and supporting services74,415 58,223 141,798 112,297 
Payroll and related costs439,495 391,431 866,819 771,945 
Capitalized salaries and related costs(88,846)(80,183)(178,868)(160,954)
Facilities-related costs22,906 21,274 43,681 43,143 
Software and related services21,577 21,403 41,545 41,521 
Other segment items (1)
61,396 54,435 111,549 101,147 
Depreciation and amortization185,537 175,461 369,288 349,483 
Stock-based compensation146,290 112,776 274,971 224,754 
Restructuring charge1,825 3,103 2,008 3,464 
Acquisition-related (benefit) costs
1,788 1,274 1,029 1,369 
Interest and marketable securities income, net(31,672)(14,129)(49,219)(33,659)
Interest expense9,078 8,201 17,335 14,951 
Other expense (income), net2,851 5,451 4,637 (569)
Provision for income taxes
20,623 48,320 36,302 98,532 
Net income$79,404 $103,618 $185,723 $226,789 

(1) Other segment items includes marketing programs and related costs, third-party professional service fees, non-income related tax expense and other expenses.