CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 652,681	$ 497,049
Accounts receivable and unbilled, net (includes $3.1 million and $3.5 million with related parties at March 31, 2026 and December 31, 2025, respectively)	394,581	402,078
Prepaid expenses and other current assets	91,793	90,497
Total current assets	1,139,055	989,624
Property and equipment, net	136,548	131,055
Operating lease right-of-use assets	126,812	117,815
Goodwill	662,396	662,396
Intangible assets, net	33,265	33,420
Deferred income taxes	3,220	19,223
Other assets	28,317	21,939
Total assets	2,129,613	1,975,472
Current liabilities:
Accounts payable (includes $0.2 million and $0.3 million with related parties at March 31, 2026 and December 31, 2025, respectively)	34,429	28,142
Accrued expenses	406,059	408,382
Advanced billings (includes $13.7 million and $12.3 million with related parties at March 31, 2026 and December 31, 2025, respectively)	856,344	854,390
Other current liabilities	48,182	52,834
Total current liabilities	1,345,014	1,343,748
Operating lease liabilities	122,256	113,643
Deferred income tax liability	3,925	1,355
Other long-term liabilities	60,104	57,655
Total liabilities	1,531,299	1,516,401
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Preferred stock - $0.01 par-value; 5,000,000 shares authorized; no shares issued and outstanding at March 31, 2026 and December 31, 2025	0	0
Common stock - $0.01 par-value; 250,000,000 shares authorized at March 31, 2026 and December 31, 2025; 28,559,689 and 28,370,780 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	286	284
Treasury stock - 69,623 shares at March 31, 2026 and December 31, 2025	(12,156)	(12,156)
Additional paid-in capital	953,416	935,830
Accumulated deficit	(336,111)	(459,981)
Accumulated other comprehensive loss	(7,121)	(4,906)
Total shareholders’ equity	598,314	459,071
Total liabilities and shareholders’ equity	$ 2,129,613	$ 1,975,472
Treasury stock (in shares)	69,623	69,623

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).