v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 853,402 $ 1,503,149
Marketable securities 219,353 162,308
Accounts receivable - net of allowance for credit losses of $390 and $889 as of June 30, 2026 (unaudited) and December 31, 2025, respectively 32,888 30,552
Prepaid expenses and other current assets 104,578 93,055
Total current assets 1,210,221 1,789,064
Property and equipment, net 50,299 53,888
Operating lease right-of-use assets 202,865 149,149
Deferred tax assets, net 54,273 58,682
Other long-term assets 89,182 55,817
Goodwill 9,851 0
Intangible assets, net 3,228 0
Total long-term assets 409,698 317,536
Total assets 1,619,919 2,106,600
CURRENT LIABILITIES:    
Accounts payable 62,934 45,001
Accrued expenses and other current liabilities 247,845 234,377
Deferred revenue, current 451,577 409,677
Operating lease liabilities, current 27,512 25,819
Total current liabilities 789,868 714,874
Operating lease liabilities, non-current 209,976 142,948
Deferred revenue, non-current 2,100 1,942
Total long-term liabilities 212,076 144,890
Total liabilities 1,001,944 859,764
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:    
Ordinary shares, no par value – Authorized: 99,999,999 shares as of June 30, 2026 (unaudited) and December 31, 2025; Issued and Outstanding: 42,274,119 and 51,160,822 as of June 30, 2026 (unaudited) and December 31,2025, respectively 0 0
Founders’ shares no par value: Authorized: 1 share as of June 30, 2026 (unaudited), and December 31, 2025; Issued and Outstanding: 1 share as of June 30,2026 (unaudited), and December 31, 2025
Additional paid-in capital 1,012,909 1,662,029
Accumulated other comprehensive income 6,862 18,097
Accumulated deficit (401,796) (433,290)
Total shareholders’ equity 617,975 1,246,836
Total liabilities and shareholders’ equity $ 1,619,919 $ 2,106,600