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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 659,836 $ 594,350
Restricted cash 3,136 3,045
Other receivables 21,910 49,166
Prepaid data assets 0 29,601
Other current assets 29,223 38,107
Total current assets 714,105 714,269
Restricted cash, non-current 4,173 5,629
Property and equipment, net 111,706 141,063
Operating lease right-of-use assets 47,812 65,877
Financing lease right-of-use assets 21,726 26,273
Intangible assets, net 322,344 335,855
Goodwill 162,042 148,873
Deferred tax assets 957 1,934
Other assets, non-current 14,661 8,825
Total assets 1,399,526 1,448,598
Current liabilities    
Accounts payable 13,935 21,613
Accrued expenses and other liabilities 53,102 81,872
Accrued data liability 20,258 0
Unearned revenue 47,364 61,767
Operating lease liabilities 11,525 13,795
Notes payable and financing lease liabilities 8,919 8,425
Total current liabilities 155,103 187,472
Unearned revenue, non-current 111,204 118,765
Operating lease liabilities, non-current 50,028 67,250
Notes payable and financing lease liabilities, non-current 11,902 19,022
Deferred tax liabilities 23,312 16,575
Other liabilities, non-current 1,029 4,732
Total liabilities 352,578 413,816
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.00001 par value; 2,000,000,000 shares (Class A 1,989,032,117 and Class B 10,967,883) authorized as of September 30, 2025 and December 31, 2024; 491,800,501 shares (Class A 485,213,547, Class B 5,967,334 and Exchangeable 619,620) and 396,802,394 shares (Class A 389,547,223, Class B 6,958,575 and Exchangeable 296,596) issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 5 4
Additional paid-in capital 2,980,729 2,473,698
Accumulated deficit (1,967,879) (1,431,283)
Accumulated other comprehensive income (loss) 34,093 (7,637)
Total stockholders’ equity 1,046,948 1,034,782
Total liabilities and stockholders’ equity $ 1,399,526 $ 1,448,598