Cash and cash equivalents consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Cash	$	188,986	$	127,700
Money market funds	74,595		103,637
Certificates of deposit	249		747




Cash and cash equivalents	$	263,830	$	232,084

Accounts receivable, net consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Trade accounts receivable	$	133,481	$	112,918
Unbilled trade accounts receivable, net of advance customer deposits	25,568		18,501
Provision for credit losses	(592)		(435)
Accounts receivable, net	$	158,457	$	130,984

There was one customer that represented 16% of accounts receivable as of September 30, 2026 and no single customer accounted for more than 10% of the Company's total revenue during the nine months ended September 30, 2026.

Prepaid expenses and other current assets consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Prepaid expenses	$	38,442	$	24,209
Other current assets	32,810		14,797
Contract assets	7,358		4,101

Prepaid expenses and other current assets	$	78,610	$	43,107

Other current assets as of September 30, 2026 includes $11.6 million settlement amount related to the securities action that is expected to be paid on our behalf by the Company's insurers. See Note 10 for further details.

Property and equipment, net consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Computer and network equipment	$	190,947	$	178,485
Computer software	73,587		63,547
Internal-use software development costs	133,123		98,542
Furniture and fixtures	4,709		4,561
Leasehold improvements	5,562		6,757
Property and equipment	407,928		351,892
Accumulated depreciation and amortization	(222,239)		(187,257)
Property and equipment, net	$	185,689	$	164,635

Depreciation and amortization expense associated with property and equipment was $16.7 million and $47.7 million for the three and nine months ended September 30, 2026, respectively. Depreciation and amortization expense associated with property and equipment was $12.3 million and $33.9 million for the three and nine months ended September 30, 2025, respectively. During the nine months ended September 30, 2026 and 2025, the Company recorded impairment charges of property and equipment in the amount of $1.1 million and $0.8 million, respectively.

Other assets consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Other assets	$	39,035	$	7,136
Equity investment in a privately-held company	750		750
Deferred tax assets	2,643		2,839
Other assets	$	42,428	$	10,725

Accrued and other current liabilities consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Accrued expenses	$	37,161	$	24,550
Accrued compensation and benefits	50,209		52,387
Financing liability	10,779		—
Accrued federal fees	2,710		3,911
Sales and other tax liabilities	3,184		3,272

Accrued and other current liabilities	$	104,043	$	84,120

During the first nine months of 2026, the Company entered into a $53.9 million five-year agreement for data center support and maintenance services, which was financed through a non-interest bearing financing arrangement. In accordance with ASC 835-30, the financing arrangement was recorded as a liability at its present value of $48.3 million using an imputed interest rate. The current (included in Prepaid expenses) and long-term (included in Other assets) prepaid portions of this obligation were $9.6 million and $32.4 million, respectively, as of September

30, 2026. The current and long-term portions of this obligation were $10.8 million and $28.0 million, respectively, as of September 30, 2026.

Accrued expenses as of September 30, 2026 includes accrual of $11.6 million settlement amount related to the securities action that is expected to be paid on our behalf by the Company's insurers. See Note 10 for further details.

Other long-term liabilities consisted of the following (in thousands):


	September 30, 2026		December 31, 2025
Deferred revenue	$	693	$	1,545
Deferred tax liabilities	53		56
Sales and other tax liabilities	1,583		1,357
Financing liability	28,000		—
Other long-term liabilities	6,723		4,589

Other long-term liabilities	$	37,052	$	7,547