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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,138,561 $ 1,036,389
Short-term investments 113,049 104,078
Accounts receivable 125,086 162,827
Deferred cost of revenues 104,513 102,663
Income tax receivable 5,092 14,067
Prepaid expenses and other current assets 19,658 16,582
Total current assets 1,505,959 1,436,606
Operating lease right-of-use assets 79,944 80,380
Long-term investments 140,211 135,098
Intangible assets, net 28,327 28,309
Property and equipment, net 36,966 36,297
Goodwill 35,335 35,335
Restricted cash 2,735 2,735
Deferred tax assets, net 217,837 227,339
Other assets 10,680 10,083
Total assets 2,057,994 1,992,182
Current liabilities    
Deferred revenues 513,256 496,205
Accounts payable 7,486 7,998
Income tax payable 3,814 1,257
Accrued expenses and other current liabilities 49,558 45,688
Total current liabilities 574,114 551,148
Long-term obligation under operating leases 91,873 93,779
Deferred tax liabilities, net 243 249
Other long-term liabilities 0 0
Total liabilities 666,230 645,176
Commitments and contingencies (Note 9)
Stockholders’ equity    
Class A common stock, $0.0001 par value; 2,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 40,534 issued and 40,487 outstanding at March 31, 2026 and 40,368 issued and outstanding at December 31, 2025, respectively Class B common stock, $0.0001 par value; 30,000 shares authorized as of March 31, 2026 and December 31, 2025; 6,356 and 6,260 issued and outstanding at March 31, 2026 and December 31, 2025, respectively 5 5
Treasury stock, at cost; 46 and 0 shares as of March 31, 2026 and December 31, 2025, respectively. (4,499) 0
Additional paid-in capital 1,064,580 1,058,783
Retained earnings 331,678 288,218
Total stockholders’ equity 1,391,764 1,347,006
Total liabilities and stockholders' equity $ 2,057,994 $ 1,992,182