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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 401,305 $ 1,246,983
Marketable securities 4,073,531 2,942,076
Accounts receivable, net of allowance for credit losses of $19,292 and $16,302 as of December 31, 2025 and 2024, respectively 741,262 598,919
Deferred contract costs, current 76,022 56,095
Prepaid expenses and other current assets 90,160 67,042
Total current assets 5,382,280 4,911,115
Property and equipment, net 338,093 226,970
Operating lease assets 214,674 172,512
Goodwill 530,568 360,381
Intangible assets, net 14,968 3,711
Deferred contract costs, non-current 126,708 86,573
Other assets 36,553 24,077
TOTAL ASSETS 6,643,844 5,785,339
CURRENT LIABILITIES:    
Accounts payable 148,791 107,731
Accrued expenses and other current liabilities 209,595 127,136
Operating lease liabilities, current 39,369 31,970
Convertible senior notes, net, current 0 634,023
Deferred revenue, current 1,193,646 961,853
Total current liabilities 1,591,401 1,862,713
Operating lease liabilities, non-current 256,187 196,905
Convertible senior notes, net, non-current 983,449 979,282
Deferred revenue, non-current 68,711 22,693
Other liabilities 11,890 9,383
Total liabilities 2,911,638 3,070,976
COMMITMENTS AND CONTINGENCIES (NOTE 9)
STOCKHOLDERS' EQUITY:    
Additional paid-in capital 3,579,010 2,689,013
Accumulated other comprehensive income (loss) 15,404 (4,701)
Retained earnings 137,789 30,048
Total stockholders’ equity 3,732,206 2,714,363
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 6,643,844 5,785,339
Class A Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value 3 3
Class B Common Stock    
STOCKHOLDERS' EQUITY:    
Common stock, value $ 0 $ 0