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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 1,503,149 $ 1,411,602
Marketable securities 162,308 50,004
Accounts receivable - net of allowance for credit losses of $889 and $296 as of December 31, 2025 and 2024, respectively 30,552 25,804
Prepaid expenses and other current assets 93,055 44,836
Total current assets 1,789,064 1,532,246
Property and equipment, net 53,888 41,576
Operating lease right-of-use assets 149,149 94,703
Deferred tax assets, net 58,682 0
Other long-term assets 55,817 16,983
Total long-term assets 317,536 153,262
Total assets 2,106,600 1,685,508
CURRENT LIABILITIES:    
Accounts payable 45,001 35,611
Accrued expenses and other current liabilities 234,377 171,040
Deferred revenue 409,677 339,951
Operating lease liabilities, current 25,819 29,013
Total current liabilities 714,874 575,615
Operating lease liabilities, non-current 142,948 77,023
Deferred revenue, non-current 1,942 2,639
Total long-term liabilities 144,890 79,662
Total liabilities 859,764 655,277
SHAREHOLDERS’ EQUITY:    
Ordinary shares, no par value - Authorized: 99,999,999 as of December 31, 2025, and 2024; Issued and Outstanding:51,160,822 and 50,773,337 as of December 31, 2025 and 2024, respectively 0 0
Founders’ shares, no par value: Authorized: 1 share as of December 31, 2025, and 2024; Issued and Outstanding: 1 share as of December 31, 2025 and 2024 0 0
Additional paid-in capital 1,662,029 1,579,074
Accumulated other comprehensive income 18,097 3,189
Accumulated deficit (433,290) (552,032)
Total shareholders’ equity 1,246,836 1,030,231
Total liabilities, and shareholders’ equity $ 2,106,600 $ 1,685,508