XML 54 R31.htm IDEA: XBRL DOCUMENT v3.26.1

Segment and Geographic Information (Tables)

3 Months Ended

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.

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration