XML 78 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 1,411,602 $ 1,116,128
Marketable securities 50,004 0
Accounts receivable - net of allowance for credit losses of $296 and $318 as of December 31, 2024, and 2023, respectively 25,804 17,911
Prepaid expenses and other current assets 44,836 39,103
Total current assets 1,532,246 1,173,142
Property and equipment, net 41,576 37,418
Operating lease right-of-use assets 94,703 62,280
Other long-term assets 16,983 2,816
Total long-term assets 153,262 102,514
Total assets 1,685,508 1,275,656
CURRENT LIABILITIES:    
Accounts payable 35,611 24,837
Accrued expenses and other current liabilities 171,040 106,691
Deferred revenue 339,951 266,284
Operating lease liabilities, current 29,013 18,201
Total current liabilities 575,615 416,013
Operating lease liabilities, non-current 77,023 42,946
Deferred revenue, non-current 2,639 3,189
Total liabilities 655,277 462,148
COMMITMENTS AND CONTINGENCIES (NOTE 10)
SHAREHOLDERS’ EQUITY:    
Ordinary shares, no par value – Authorized: 99,999,999 as of December 31, 2024, and 2023; Issued and Outstanding: 50,773,337 and 48,923,903 as of December 31, 2024, and 2023, respectively 0 0
Founders’ shares, no par value: Authorized: 1 share as of December 31, 2024, and 2023; Issued and Outstanding: 1 share as of December 31, 2024, and 2023 0 0
Additional paid-in capital 1,579,074 1,388,108
Accumulated other comprehensive income 3,189 9,804
Accumulated deficit (552,032) (584,404)
Total shareholders’ equity 1,030,231 813,508
Total liabilities, and shareholders’ equity $ 1,685,508 $ 1,275,656