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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 781,084 $ 1,298,327
Accounts receivable, net of allowance for doubtful accounts of $4,033 and $5,134 at December 31, 2025 and December 31, 2024, respectively 192,826 214,146
Inventories 38,203 38,138
Prepaid expenses and other current assets 107,016 113,296
Total current assets 1,119,129 1,663,907
Property and equipment, net 26,972 29,487
Goodwill 283,190 283,190
Intangible assets, net 1,297,087 1,431,360
Operating lease—right-of-use assets 26,119 27,092
Other assets 105,803 81,488
Total assets 2,858,300 3,516,524
Current liabilities:    
Accounts payable 47,967 33,130
Accrued expenses and other current liabilities 198,208 202,157
Accrued compensation 96,258 76,229
Deferred revenue—current 62,305 79,296
Convertible senior notes, net—current 0 550,723
Total current liabilities 404,738 941,535
Other liabilities 643 720
Operating lease liabilities, net of current portion 34,204 32,135
Deferred revenue, net of current portion 9,139 9,786
Deferred taxes, net 28,945 49,851
Convertible senior notes, net—non-current 994,925 991,418
Total liabilities 1,472,594 2,025,445
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 178,315,400 shares and 173,405,016 shares issued and outstanding as of December 31, 2025 and December 31, 2024 respectively 178 173
Additional paid-in capital 17,850,478 17,759,194
Accumulated deficit (16,430,222) (16,229,900)
Accumulated other comprehensive loss (34,728) (38,388)
Total stockholders’ equity 1,385,706 1,491,079
Total liabilities and stockholders’ equity $ 2,858,300 $ 3,516,524