v3.26.3
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 549,853 $ 743,294
Restricted cash 6,657 4,594
Other receivables 34,065 24,649
Prepaid data assets 2,882 11,742
Other current assets 22,564 28,566
Total current assets 616,021 812,845
Restricted cash, non-current 5,020 6,033
Property and equipment, net 85,838 103,931
Operating lease right-of-use assets 51,198 45,339
Financing lease right-of-use assets 15,663 20,210
Intangible assets, net 273,677 309,903
Goodwill 160,710 162,158
Deferred tax assets 957 957
Other assets, non-current 12,628 12,754
Total assets 1,221,712 1,474,130
Current liabilities    
Accounts payable 16,384 18,118
Accrued expenses and other liabilities 66,651 70,230
Unearned revenue 15,811 37,605
Operating lease liabilities 12,264 12,663
Notes payable and financing lease liabilities 11,808 9,091
Total current liabilities 122,918 147,707
Unearned revenue, non-current 120,020 114,012
Operating lease liabilities, non-current 50,535 46,647
Notes payable and financing lease liabilities, non-current 93 9,564
Deferred tax liabilities 18,371 23,255
Other liabilities, non-current 3,963 2,080
Total liabilities 315,900 343,265
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.00001 par value; 2,000,000,000 shares (Class A 1,989,032,117 and Class B 10,967,883) authorized as of September 30, 2026 and December 31, 2025; 561,067,055 shares (Class A 560,458,465, Class B zero and Exchangeable 608,590) and 528,182,693 shares (Class A 521,831,046, Class B 5,547,334 and Exchangeable 804,313) issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 6 5
Additional paid-in capital 3,319,723 3,170,145
Accumulated deficit (2,443,547) (2,076,002)
Accumulated other comprehensive income 29,630 36,717
Total stockholders’ equity 905,812 1,130,865
Total liabilities and stockholders’ equity $ 1,221,712 $ 1,474,130