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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,193,332 $ 1,298,327
Accounts receivable, net of allowance for doubtful accounts of $4,775 and $5,134 at March 31, 2025 and December 31, 2024, respectively 232,971 214,146
Inventories 38,012 38,138
Prepaid expenses and other current assets 137,514 113,296
Total current assets 1,601,829 1,663,907
Property and equipment, net 30,640 29,487
Goodwill 283,190 283,190
Intangible assets, net 1,393,381 1,431,360
Operating lease—right-of-use assets 26,589 27,092
Other assets 108,816 81,488
Total assets 3,444,445 3,516,524
Current liabilities:    
Accounts payable 52,054 33,130
Accrued expenses and other current liabilities 218,971 202,157
Accrued compensation 56,741 76,229
Deferred revenue—current 73,933 79,296
Convertible senior notes, net—current 550,724 550,723
Total current liabilities 952,423 941,535
Other liabilities 4,322 720
Operating lease liabilities, net of current portion 33,798 32,135
Deferred revenue, net of current portion 10,246 9,786
Deferred taxes, net 24,336 49,851
Convertible senior notes, net—non-current 992,290 991,418
Total liabilities 2,017,415 2,025,445
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 175,340,325 shares and 173,405,016 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 175 173
Additional paid-in capital 17,787,012 17,759,194
Accumulated deficit (16,322,912) (16,229,900)
Accumulated other comprehensive loss (37,245) (38,388)
Total stockholders’ equity 1,427,030 1,491,079
Total liabilities and stockholders’ equity $ 3,444,445 $ 3,516,524