v3.26.3
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,239,607 $ 1,036,389
Short-term investments 134,294 104,078
Accounts receivable 142,056 162,827
Deferred cost of revenues 106,188 102,663
Income tax receivable 618 14,067
Prepaid expenses and other current assets 29,582 16,582
Total current assets 1,652,345 1,436,606
Operating lease right-of-use assets 73,359 80,380
Long-term investments 110,120 135,098
Intangible assets, net 26,216 28,309
Property and equipment, net 53,020 36,297
Goodwill 40,341 35,335
Restricted cash 2,735 2,735
Deferred tax assets, net 203,605 227,339
Other assets 4,422 10,083
Total assets 2,166,163 1,992,182
Current liabilities    
Deferred revenues 513,567 496,205
Accounts payable 13,740 7,998
Income tax payable 2,265 1,257
Accrued expenses and other current liabilities 70,536 45,688
Total current liabilities 600,108 551,148
Long-term obligation under operating leases 84,216 93,779
Deferred tax liabilities, net 242 249
Total liabilities 684,566 645,176
Commitments and contingencies
Stockholders’ equity    
Class A common stock, $0.0001 par value; 2,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 40,717 issued and 40,708 outstanding at September 30, 2026 and 40,368 issued and outstanding at December 31, 2025, respectively Class B common stock, $0.0001 par value; 30,000 shares authorized as of September 30, 2026 and December 31, 2025; 6,399 and 6,260 issued and outstanding at September 30, 2026 and December 31, 2025, respectively 5 5
Treasury stock, at cost; 9 and 0 shares as of September 30, 2026 and December 31, 2025, respectively. (1,249) 0
Additional paid-in capital 1,090,840 1,058,783
Retained earnings 392,001 288,218
Total stockholders’ equity 1,481,597 1,347,006
Total liabilities and stockholders' equity $ 2,166,163 $ 1,992,182