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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenue $ 274,173 $ 198,639 $ 752,012 $ 532,066
Cost of revenue [1] 83,884 18,703 131,225 71,051
Gross profit 190,289 179,936 620,787 461,015
Operating expenses        
Research and development [1] 680,885 104,182 833,862 692,569
Sales and marketing [1] 274,759 79,290 441,300 410,870
General and administrative [1] 371,425 43,800 440,580 286,678
Total operating expenses [1] 1,327,069 227,272 1,715,742 1,390,117
Loss from operations (1,136,780) (47,336) (1,094,955) (929,102)
Other income, net 29,305 17,910 73,557 45,234
Loss before income taxes (1,107,475) (29,426) (1,021,398) (883,868)
Provision for (benefit from) income taxes (10,460) (13,828) 2,508 (53,941)
Net loss (1,097,015) (15,598) (1,023,906) (829,927)
Less: net income attributable to participating securities 0 0 0 0
Net loss attributable to common stockholders $ (1,097,015) $ (15,598) $ (1,023,906) $ (829,927)
Net loss per share, basic and diluted:        
Net loss per share, basic (in usd per share) $ (2.72) $ (0.07) $ (3.68) $ (4.37)
Net loss per share, diluted (in usd per share) $ (2.72) $ (0.07) $ (3.68) $ (4.37)
Weighted-average shares outstanding used in computing net loss per share attributable to common stockholders, basic (in shares) 403,212 210,768 278,409 190,058
Weighted-average shares outstanding used in computing net loss per share, diluted (in shares) 403,212 210,768 278,409 190,058
[1] Includes stock-based compensation, net of amounts capitalized, as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Cost of revenue$42,987 $3,034 $43,205 $27,893 
Research and development585,747 47,308 591,883 511,106 
Sales and marketing185,503 20,160 186,047 206,830 
General and administrative324,095 17,901 324,704 201,571