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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,052,644 $ 147,691
Available-for-sale securities 2,990,864 1,708,228
Accounts receivable, net 351,890 316,753
Contract assets 22,645 16,568
Restricted cash short-term 4,373 4,273
Prepaid expenses and other current assets 114,349 75,484
Total current assets 4,536,765 2,268,997
Property and equipment, net 588,361 467,420
Goodwill 181,087 181,087
Acquired intangible assets, net 18,411 21,865
Operating lease right-of-use assets 222,148 168,379
Deferred contract acquisition costs, noncurrent 194,035 172,217
Restricted cash 2,475 2,250
Other noncurrent assets 43,113 18,947
Total assets 5,786,395 3,301,162
Current liabilities:    
Accounts payable 85,878 105,807
Accrued expenses and other current liabilities 92,514 81,602
Accrued compensation 90,201 80,854
Operating lease liabilities 65,321 47,626
Deferred revenue 598,978 477,765
Current portion of convertible senior notes, net 1,290,291 0
Total current liabilities 2,223,183 793,654
Convertible senior notes, net 1,972,707 1,287,321
Operating lease liabilities, noncurrent 173,432 128,266
Deferred revenue, noncurrent 45,900 22,095
Other noncurrent liabilities 24,157 23,625
Total liabilities 4,439,379 2,254,961
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Additional paid-in capital 2,525,193 2,152,750
Accumulated deficit (1,192,830) (1,102,640)
Accumulated other comprehensive income (loss) 14,304 (4,253)
Total stockholders’ equity 1,347,016 1,046,201
Total liabilities and stockholders’ equity 5,786,395 3,301,162
Class A common stock    
Stockholders’ Equity    
Common stock, value, issued 314 307
Class B common stock    
Stockholders’ Equity    
Common stock, value, issued $ 35 $ 37