v3.26.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 103,783,000 $ 372,111,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred income taxes 23,727,000 (239,486,000)
Stock-based compensation expense 120,334,000 101,175,000
Depreciation and amortization 12,718,000 10,583,000
Accretion on marketable securities, net (983,000) (1,458,000)
Impairment of capitalized software 2,134,000 0
Changes in assets and liabilities:    
Deferred revenue 17,362,000 68,844,000
Accounts receivable 20,771,000 4,434,000
Deferred cost of revenues (3,525,000) (14,408,000)
Prepaid expenses and other current assets 449,000 (11,734,000)
Accounts payable 5,653,000 (2,813,000)
Accrued expenses and other current liabilities 21,330,000 (5,190,000)
Noncurrent assets and liabilities 4,722,000 (1,513,000)
Net cash provided by operating activities 328,475,000 280,545,000
Cash flows from investing activities:    
Purchases of investments (122,532,000) (99,120,000)
Maturities and paydowns of investments 118,277,000 82,077,000
Capitalized software development costs and purchases of intangible assets (8,718,000) (6,484,000)
Purchase of property and equipment (18,001,000) (7,369,000)
Acquisitions of companies, net of $0 cash acquired (5,006,000) (33,100,000)
Net cash used for investing activities (35,980,000) (63,996,000)
Cash flows from financing activities:    
Proceeds from exercise of stock options 5,977,000 9,702,000
Payment of earn-out related to a previous acquisition 0 (500,000)
Repurchase of common stock (76,455,000) 0
Taxes paid related to net-share settlement of share-based compensation awards (18,799,000) 0
Net cash (used for) provided by financing activities (89,277,000) 9,202,000
Net increase in cash, cash equivalents and restricted cash 203,218,000 225,751,000
Cash, cash equivalents and restricted cash - Beginning of period 1,039,124,000 788,526,000
Cash, cash equivalents and restricted cash - End of period 1,242,342,000 1,014,277,000
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 3,552,000 11,722,000
Cash Flow, Noncash Investing and Financing Activities Disclosure :    
Property and equipment included in Current liabilities 2,763,000 2,179,000
Landlord incentive included in Other assets 0 6,809,000
Right of use assets obtained in exchange for new operating lease liabilities 2,806,000 36,025,000
Repurchases of common stock included in Current liabilities $ 249,000 $ 0