v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Accumulated Deficit
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2024     129,294        
Beginning balance at Dec. 31, 2024 $ 67,088 $ 271,477 $ 1,293 $ 7,388,061 $ (34,518) $ (7,287,748) $ 271,477
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     423        
Exercise of common stock options, net of tax withholdings 50,985   $ 4 50,981      
Issuance of common stock under equity plans (in shares)     594        
Issuance of common stock under equity plans 0   $ 6 (6)      
Stock-based compensation 57,840     57,840      
Other comprehensive income (loss) (2,999)       (2,999)    
Net income (loss) (18,251)         (18,251)  
Ending balance (in shares) at Mar. 31, 2025     130,311        
Ending balance at Mar. 31, 2025 426,140   $ 1,303 7,496,876 (37,517) (7,034,522)  
Beginning balance (in shares) at Dec. 31, 2024     129,294        
Beginning balance at Dec. 31, 2024 67,088 $ 271,477 $ 1,293 7,388,061 (34,518) (7,287,748) $ 271,477
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases of capped calls related to convertible senior notes 35,311            
Other comprehensive income (loss) 12,743            
Net income (loss) 202,204            
Ending balance (in shares) at Sep. 30, 2025     131,791        
Ending balance at Sep. 30, 2025 580,247   $ 1,318 7,414,771 (21,775) (6,814,067)  
Beginning balance (in shares) at Mar. 31, 2025     130,311        
Beginning balance at Mar. 31, 2025 426,140   $ 1,303 7,496,876 (37,517) (7,034,522)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     556        
Exercise of common stock options, net of tax withholdings 81,061   $ 6 81,055      
Issuance of common stock under equity plans (in shares)     110        
Issuance of common stock under equity plans 0   $ 1 (1)      
Stock-based compensation 112,807     112,807      
Other comprehensive income (loss) 7,565       7,565    
Net income (loss) (72,228)         (72,228)  
Ending balance (in shares) at Jun. 30, 2025     130,977        
Ending balance at Jun. 30, 2025 555,345   $ 1,310 7,690,737 (29,952) (7,106,750)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     625        
Exercise of common stock options, net of tax withholdings 80,420   $ 6 80,414      
Issuance of common stock under equity plans (in shares)     189        
Issuance of common stock under equity plans 0   $ 2 (2)      
Stock-based compensation 109,339     109,339      
Purchases of capped calls related to convertible senior notes (430,406)     (430,406)      
Purchase of capped calls related to —% Convertible Senior Notes due 2028 (35,311)     (35,311)      
Other comprehensive income (loss) 8,177       8,177    
Net income (loss) 292,683         292,683  
Ending balance (in shares) at Sep. 30, 2025     131,791        
Ending balance at Sep. 30, 2025 $ 580,247   $ 1,318 7,414,771 (21,775) (6,814,067)  
Beginning balance (in shares) at Dec. 31, 2025 132,376   132,376        
Beginning balance at Dec. 31, 2025 $ 789,176   $ 1,324 7,510,473 (20,097) (6,702,524)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     102        
Exercise of common stock options, net of tax withholdings 13,751   $ 1 13,750      
Issuance of common stock under equity plans (in shares)     966        
Issuance of common stock under equity plans 0   $ 9 (9)      
Stock-based compensation 71,259     71,259      
Other comprehensive income (loss) (4,797)       (4,797)    
Net income (loss) 205,991         205,991  
Ending balance (in shares) at Mar. 31, 2026     133,444        
Ending balance at Mar. 31, 2026 $ 1,075,380   $ 1,334 7,595,473 (24,894) (6,496,533)  
Beginning balance (in shares) at Dec. 31, 2025 132,376   132,376        
Beginning balance at Dec. 31, 2025 $ 789,176   $ 1,324 7,510,473 (20,097) (6,702,524)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Purchases of capped calls related to convertible senior notes 0            
Other comprehensive income (loss) (24,564)            
Net income (loss) $ 2,537,820            
Ending balance (in shares) at Sep. 30, 2026 133,875   133,875        
Ending balance at Sep. 30, 2026 $ 3,603,852   $ 1,339 7,811,878 (44,661) (4,164,704)  
Beginning balance (in shares) at Mar. 31, 2026     133,444        
Beginning balance at Mar. 31, 2026 1,075,380   $ 1,334 7,595,473 (24,894) (6,496,533)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     182        
Exercise of common stock options, net of tax withholdings 33,758   $ 2 33,756      
Issuance of common stock under equity plans (in shares)     108        
Issuance of common stock under equity plans 0   $ 1 (1)      
Stock-based compensation 87,730     87,730      
Other comprehensive income (loss) (7,244)       (7,244)    
Net income (loss) 164,494         164,494  
Ending balance (in shares) at Jun. 30, 2026     133,734        
Ending balance at Jun. 30, 2026 1,354,118   $ 1,337 7,716,958 (32,138) (6,332,039)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of common stock options, net of tax withholdings (in shares)     103        
Exercise of common stock options, net of tax withholdings 14,700   $ 2 14,698      
Issuance of common stock under equity plans (in shares)     38        
Stock-based compensation 80,222     80,222      
Other comprehensive income (loss) (12,523)       (12,523)    
Net income (loss) $ 2,167,335         2,167,335  
Ending balance (in shares) at Sep. 30, 2026 133,875   133,875        
Ending balance at Sep. 30, 2026 $ 3,603,852   $ 1,339 $ 7,811,878 $ (44,661) $ (4,164,704)