CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 124,656	$ 377,034	$ 175,783
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Stock-based compensation	634,231	382,604	131,358
(Gain) loss on strategic investments and marketable securities, net	(139,969)	(283,217)	41,785
Debt inducement expense	38,868	0	0
Depreciation and amortization	83,161	48,425	19,315
Provision for bad debts and inventory	11,348	20,073	5,484
Deferred income taxes	(82,679)	(85,096)	(72,497)
Other noncash items	23,467	21,177	12,853
Change in assets and liabilities:
Receivables and contract assets	(505,560)	(245,842)	(178,989)
Inventory	(81,951)	607	(77,626)
Deferred revenue	83,476	155,641	146,819
Accounts payable, accrued and other liabilities	286,885	54,519	65,329
Prepaid expenses and other assets	(264,594)	(37,613)	(80,351)
Net cash provided by operating activities	211,339	408,312	189,263
Cash flows from investing activities:
Purchases of investments	(2,076,304)	(793,419)	(563,680)
Business combinations, net of cash acquired	(646,875)	(621,817)	(21,090)
Proceeds from call, maturity, and sale of investments	2,134,556	1,003,394	657,418
Purchases of property and equipment	(136,258)	(78,785)	(59,635)
Other, net	(49)	54	(537)
Net cash provided by (used in) investing activities	(724,930)	(490,573)	12,476
Cash flows from financing activities:
Net proceeds from equity offering	489,554	0	94,705
Proceeds from issuance of notes	1,750,000	0	0
Proceeds from options exercised	0	14,576	54,503
Principal payments for conversion of convertible debt	(608,890)	0	0
Payments to third parties for debt issuance, amendment and repurchase activity	(26,994)	0	0
Income and payroll tax payments for net-settled stock awards	(350,981)	(58,178)	(107,894)
Other, net	(224)	(1,835)	0
Net cash provided by (used in) financing activities	1,252,465	(45,437)	41,314
Effect of exchange rate changes on cash and cash equivalents	7,756	(6,209)	2,065
Net increase (decrease) in cash and cash equivalents	746,630	(133,907)	245,118
Cash and cash equivalents and restricted cash, beginning of period	466,763	600,670	355,552
Cash and cash equivalents and restricted cash, end of period	1,213,393	466,763	600,670
Supplemental disclosures:
Cash and cash equivalents	1,201,147	454,844	598,545
Restricted cash (Note 1)	12,246	11,919	2,125
Total cash, cash equivalents and restricted cash shown in the statements of cash flows	1,213,393	466,763	600,670
Cash paid for interest	57,173	3,450	3,508
Cash paid for income taxes, net of refunds	51,121	67,845	64,492
Non-cash transactions:
Leased assets obtained in exchange for new operating lease liabilities	62,844	14,292	5,927
Expense for induced conversion of convertible debt, debt offering and revolver modification	43,546	0	0
Property and equipment purchases in accounts payable and accrued liabilities	$ 7,290	$ 5,157	$ 238