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Segment and Geographic Information (Tables) | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Schedule of Segment Net Income | The following table presents the calculation of segment net income:
| Three months ended March 31, |  |
| 2026 |  | 2025 |  |  |  |  |  |
| (in thousands)
Revenue | $ | 663,411 |  |  | $ | 392,361 |  |  |  |  |  |  |
Adjusted cost of revenue(1) | 56,122 |  |  | 36,872 |  |  |  |  |  |  |
Adjusted gross profit | 607,289 |  |  | 355,489 |  |  |  |  |  |  |
Adjusted operating expenses(2) | 341,319 |  |  | 240,218 |  |  |  |  |  |  |
Stock-based compensation and related taxes | 78,848 |  |  | 107,405 |  |  |  |  |  |  |
Depreciation and amortization | 4,210 |  |  | 3,963 |  |  |  |  |  |  |
Interest (income) expense, net | (23,885) |  |  | (20,414) |  |  |  |  |  |  |
Income tax expense (benefit) | 1,747 |  |  | (1,721) |  |  |  |  |  |  |
Other segment expenses(3) | 1,069 |  |  | (120) |  |  |  |  |  |  |
Segment net income | $ | 203,981 |  |  | $ | 26,158 |  |  |  |  |  |  |
Consolidated net income | $ | 203,981 |  |  | $ | 26,158 |  |  |  |  |  |  |
________________ (1)Adjusted cost of revenue is cost of revenue adjusted for stock-based compensation and related taxes as follows:
| Three months ended March 31, |  |
| 2026 |  | 2025 |  |  |  |  |  |
| (in thousands)
Cost of revenue | $ | 56,267 |  |  | $ | 37,089 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |
Stock-based compensation and related taxes | 145 |  |  | 217 |  |  |  |  |  |  |
Adjusted cost of revenue | $ | 56,122 |  |  | $ | 36,872 |  |  |  |  |  |  |
(2)Adjusted operating expenses is operating expenses (comprised of research and development, sales and marketing, and general and administrative expenses) adjusted for stock-based compensation and related taxes and depreciation and amortization as follows:
| Three months ended March 31, |  |
| 2026 |  | 2025 |  |  |  |  |  |
| (in thousands)
Operating expenses | $ | 424,232 |  |  | $ | 351,369 |  |  |  |  |  |  |
Less: |  |  |  |  |  |  |  |  |
Stock-based compensation and related taxes | 78,703 |  |  | 107,188 |  |  |  |  |  |  |
Depreciation and amortization | 4,210 |  |  | 3,963 |  |  |  |  |  |  |
Adjusted operating expenses | $ | 341,319 |  |  | $ | 240,218 |  |  |  |  |  |  |
(3)Other segment expenses primarily includes realized gains and losses on sales of marketable securities and foreign currency transaction gains and losses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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