XML 24 R3.htm IDEA: XBRL DOCUMENT v3.25.4
Consolidated balance sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 969,342 $ 1,136,460
Marketable securities 1,497,811 1,376,409
Accounts receivable, net 997,849 893,403
Prepaid expenses and other current assets 90,735 78,435
Total current assets 3,555,737 3,484,707
Property and equipment, net 66,451 45,624
Operating lease right-of-use assets 150,399 85,867
Goodwill and intangible assets, net 106,310 110,103
Deferred tax assets 1,592,153 1,602,539
Other assets 21,082 13,820
Total assets 5,492,132 5,342,660
Current liabilities:    
Accounts payable 129,810 84,026
Accrued expenses and other current liabilities 335,663 314,107
Total current liabilities 465,473 398,133
Operating lease liabilities 220,581 151,364
Other liabilities 60,840 42,009
Total liabilities 746,894 591,506
Commitments and contingencies
Stockholders’ equity:    
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 584,866 and 593,462 shares issued and outstanding as of December 31, 2025 and 2024, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 79,680 and 82,471 shares issued and outstanding as of December 31, 2025 and 2024, respectively 7 7
Additional paid-in capital 4,612,205 5,039,439
Accumulated other comprehensive income (loss) 4,333 (130)
Retained earnings (accumulated deficit) 128,693 (288,162)
Total stockholders’ equity 4,745,238 4,751,154
Total liabilities and stockholders’ equity $ 5,492,132 $ 5,342,660