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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,132,400 $ 1,136,460
Marketable securities 1,538,881 1,376,409
Accounts receivable, net 800,522 893,403
Prepaid expenses and other current assets 93,615 78,435
Total current assets 3,565,418 3,484,707
Property and equipment, net 52,744 45,624
Operating lease right-of-use assets 132,513 85,867
Goodwill and intangible assets, net 107,430 110,103
Deferred tax assets 1,639,056 1,602,539
Other assets 18,249 13,820
Total assets 5,515,410 5,342,660
Current liabilities:    
Accounts payable 90,589 84,026
Accrued expenses and other current liabilities 335,744 314,107
Total current liabilities 426,333 398,133
Operating lease liabilities 205,237 151,364
Other liabilities 58,872 42,009
Total liabilities 690,442 591,506
Commitments and contingencies
Stockholders’ equity:    
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 598,420 and 593,462 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 79,720 and 82,471 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 7 7
Additional paid-in capital 4,969,510 5,039,439
Accumulated other comprehensive income (loss) 3,828 (130)
Accumulated deficit (148,377) (288,162)
Total stockholders’ equity 4,824,968 4,751,154
Total liabilities and stockholders’ equity $ 5,515,410 $ 5,342,660