v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 425,607 $ 246,664
Short-term investments 276,972 228,006
Accounts receivable, net of allowance for credit losses of $2,280 and $2,476 at June 30, 2026 and December 31, 2025, respectively 141,253 167,017
Deferred contract acquisition and fulfillment costs, current portion 46,302 48,370
Prepaid expenses and other current assets 41,045 47,230
Total current assets 931,179 737,287
Long-term investments 0 184,119
Property and equipment, net 29,179 31,990
Operating lease right-of-use assets 41,500 45,485
Deferred contract acquisition and fulfillment costs, non-current portion 66,048 66,978
Goodwill 593,334 575,268
Intangible assets, net 63,340 65,105
Other assets 18,983 20,232
Total assets 1,743,563 1,726,464
Current liabilities:    
Accounts payable 14,058 11,041
Accrued expenses and other current liabilities 93,431 96,998
Convertible senior notes, current portion, net 598,206 0
Operating lease liabilities, current portion 17,946 16,176
Deferred revenue, current portion 436,710 451,155
Total current liabilities 1,160,351 575,370
Convertible senior notes non-current portion, net 296,020 892,284
Operating lease liabilities, non-current portion 49,475 59,908
Deferred revenue, non-current portion 25,715 29,971
Other long-term liabilities 15,298 14,201
Total liabilities 1,546,859 1,571,734
Stockholders’ equity:    
Preferred stock, $0.01 par value per share; 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; 0 shares issued and outstanding at June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value per share; 100,000,000 shares authorized at June 30, 2026 and December 31, 2025; 67,886,311 and 66,417,175 shares issued at June 30, 2026 and December 31, 2025, respectively; 67,316,056 and 65,846,920 shares outstanding at June 30, 2026 and December 31, 2025, respectively 672 658
Treasury stock, at cost, 570,255 shares at June 30, 2026 and December 31, 2025 (4,765) (4,765)
Additional paid-in-capital 1,158,619 1,120,963
Accumulated other comprehensive (loss) income (372) 2,527
Accumulated deficit (957,450) (964,653)
Total stockholders’ equity 196,704 154,730
Total liabilities and stockholders’ equity $ 1,743,563 $ 1,726,464