v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 222,455 $ 240,634
Marketable securities 399,908 494,450
Restricted cash 0 10,876
Accounts receivable 49,158 106,446
Inventory 18,501 11,545
Prepaid expenses and other current assets 17,934 26,815
Assets held for sale 0 87,510
Total current assets 707,956 978,276
Property and equipment, net 36,278 44,800
Right-of-use asset, net 18,299 22,897
Goodwill 112,076 113,462
Other non-current assets 13,396 17,077
Total assets 888,005 1,176,512
Current liabilities:    
Accounts payable 24,944 24,578
Accrued expenses 77,398 107,165
Deferred revenue 102,201 140,053
Current portion of finance lease liabilities 1,650 2,507
Other current liabilities 123,652 137,778
Liabilities held for sale 0 47,869
Total current liabilities 329,845 459,950
Deferred revenue 330,011 358,943
Long-term debt 292,088 244,213
Non-current finance lease liabilities 1,525 2,091
Other non-current liabilities 151,391 239,068
Total liabilities 1,104,860 1,304,265
Commitments and contingencies (Note 15)
Preferred stock, $0.01 par value, 2,000,000 shares authorized at September 30, 2026 and December 31, 2025; no shares issued and outstanding at September 30, 2026 and December 31, 2025 0 0
Stockholders' deficit:    
Common stock, $0.01 par value, 600,000,000 shares authorized at September 30, 2026 and December 31, 2025; 168,353,068 shares issued and 164,992,950 shares outstanding at September 30, 2026 and 164,969,773 shares issued and 162,575,937 shares outstanding at December 31, 2025 1,684 1,650
Additional paid-in capital 4,567,173 4,539,756
Accumulated deficit (4,662,402) (4,568,148)
Treasury stock, cost basis, 3,360,118 shares at September 30, 2026 and 2,393,836 shares at December 31, 2025 (112,479) (103,021)
Accumulated other comprehensive income (loss) (10,831) 2,010
Total stockholders’ deficit (216,855) (127,753)
Total liabilities and stockholders’ deficit $ 888,005 $ 1,176,512