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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenue $ 624.7 $ 631.3
Cost of revenue [1],[2] 116.7 105.8
Gross profit 508.0 525.5
Operating expenses:    
Research and development [1],[2] 178.4 219.1
Sales and marketing [1],[2] 92.0 108.8
General and administrative [1],[2] 53.8 54.1
Total operating expenses 324.2 382.0
Income from operations 183.8 143.5
Interest (expense) income, net (14.6) 7.3
Other income, net 0.3 0.3
Income before income taxes 169.5 151.1
Provision for income taxes (19.2) (18.8)
Net income $ 150.3 $ 132.3
Basic net income per share (in dollars per share) $ 0.52 $ 0.40
Diluted net income per share (in dollars per share) $ 0.51 $ 0.39
Weighted-average shares used in computing net income per share attributable to common stockholders, basic (in shares) 290.3 334.8
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted (in shares) 295.7 340.7
[1] Includes expenses related to the Company's 2024 reduction in workforce such as severance, benefits and other related items during the three months ended March 31, 2025. See Note 1, "Description of the Business and Summary of Significant Accounting Policies - Reduction in Workforce" for additional information.
[2] Includes stock-based compensation as follows:
Three Months Ended
March 31,
20252024
Cost of revenue$4.9 $5.2 
Research and development46.7 55.4 
Sales and marketing5.0 5.1 
General and administrative10.5 12.3 
Total stock-based compensation$67.1 $78.0