XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 387,745 $ 428,446
Accounts receivable, less allowance for credit losses of $6,066 and $5,940, respectively 81,260 72,486
Prepaid expenses and other current assets 40,768 40,786
Total current assets 509,773 541,718
Noncurrent assets:    
Property and equipment, net 465,521 432,544
Restricted cash 1,747 1,747
Goodwill 348,674 348,674
Intangible assets, net 109,332 117,718
Operating lease right-of-use assets, net 269,133 187,877
Deferred tax assets 586 200
Other assets 15,042 8,537
Total assets 1,719,808 1,639,015
Current liabilities:    
Accounts payable 31,349 54,565
Accrued other expenses 34,764 38,156
Deferred revenue 11,264 5,397
Operating lease liabilities, current 98,223 75,785
Other current liabilities 48,931 47,052
Total current liabilities 224,531 220,955
Noncurrent liabilities:    
Deferred tax liabilities 4,580 4,123
Long-term debt 1,489,164 1,485,366
Operating lease liabilities, long-term 176,196 130,431
Other long-term liabilities 554 1,095
Total liabilities 1,895,025 1,841,970
Commitments and Contingencies (Note 7)
Preferred stock ($0.000025 par value per share; 10,000,000 shares authorized; 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024) 0 0
Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 91,114,675 and 92,234,517 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 2 2
Additional paid-in capital 8,883 57,282
Accumulated other comprehensive loss (591) (1,497)
Accumulated deficit (183,511) (258,742)
Total stockholders’ deficit (175,217) (202,955)
Total liabilities and stockholders’ deficit $ 1,719,808 $ 1,639,015