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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues $ 422,481 $ 408,563 $ 1,211,713 $ 1,149,982
Amortization of acquired technology 947 3,013 3,008 8,776
Total cost of revenues 81,609 83,841 246,259 251,330
Gross profit 340,872 324,722 965,454 898,652
Operating expenses:        
Research and development 80,316 85,862 239,204 255,608
Sales and marketing 133,517 129,997 418,403 393,035
General and administrative 44,707 41,911 144,115 122,027
Amortization of intangible assets 29,845 34,481 93,302 103,120
Restructuring 1,554 407 6,808 28,131
Total operating expenses 289,939 292,658 901,832 901,921
Income (loss) from operations 50,933 32,064 63,622 (3,269)
Interest income 14,829 10,447 42,001 27,950
Interest expense (36,345) (39,327) (113,775) (111,844)
Other (expense) income, net (14,011) 5,519 (6,825) 8,680
Income (loss) before income taxes 15,406 8,703 (14,977) (78,483)
Income tax expense (benefit) 29,391 (70,573) (15,154) 111,061
Net (loss) income $ (13,985) $ 79,276 $ 177 $ (189,544)
Net (loss) income per share attributable to Class A and Class B-1 common stockholders:        
Basic (in dollars per share) $ (0.05) $ 0.27 $ 0 $ (0.66)
Diluted (in dollars per share) $ (0.05) $ 0.27 $ 0 $ (0.66)
Weighted-average shares used in computing net (loss) income per share:        
Basic (in shares) 303,954 289,354 300,606 287,133
Diluted (in shares) 303,954 296,556 313,363 287,133
Software revenue        
Revenues:        
Total revenues $ 287,934 $ 262,033 $ 804,238 $ 704,363
Cost of revenues: 48,768 39,295 142,978 113,998
Subscriptions        
Revenues:        
Total revenues 287,934 261,828 804,217 703,339
Cost of revenues: 48,768 39,133 142,973 113,443
Perpetual license        
Revenues:        
Total revenues 0 205 21 1,024
Cost of revenues: 0 162 5 555
Maintenance and professional services        
Revenues:        
Total revenues 134,547 146,530 407,475 445,619
Cost of revenues: $ 31,894 $ 41,533 $ 100,273 $ 128,556