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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 932,226 $ 943,536
Available-for-sale securities 3,231,652 3,157,715
Accounts receivable, net 379,586 382,488
Contract assets 24,162 23,531
Restricted cash short-term 10,955 9,364
Prepaid expenses and other current assets 137,075 128,203
Total current assets 4,715,656 4,644,837
Property and equipment, net 631,082 618,691
Goodwill 233,491 226,563
Acquired intangible assets, net 38,310 41,799
Operating lease right-of-use assets 244,167 237,646
Deferred contract acquisition costs, noncurrent 225,481 219,499
Restricted cash 1,232 1,457
Other noncurrent assets 74,558 45,764
Total assets 6,163,977 6,036,256
Current liabilities:    
Accounts payable 58,843 84,115
Accrued expenses and other current liabilities 126,462 109,054
Accrued compensation 103,395 111,005
Operating lease liabilities 74,603 70,901
Deferred revenue 755,097 684,207
Current portion of convertible senior notes, net 1,292,271 1,291,281
Total current liabilities 2,410,671 2,350,563
Convertible senior notes, net 1,975,556 1,974,120
Operating lease liabilities, noncurrent 182,106 182,025
Deferred revenue, noncurrent 39,874 41,088
Other noncurrent liabilities 29,062 29,337
Total liabilities 4,637,269 4,577,133
Commitments and contingencies (Note 8)
Stockholders’ Equity    
Additional paid-in capital 2,759,973 2,651,420
Accumulated deficit (1,227,834) (1,204,907)
Accumulated other comprehensive income (loss) (5,783) 12,259
Total stockholders’ equity 1,526,708 1,459,123
Total liabilities and stockholders’ equity 6,163,977 6,036,256
Class A common stock    
Stockholders’ Equity    
Common stock, value, issued 319 317
Class B common stock    
Stockholders’ Equity    
Common stock, value, issued $ 33 $ 34