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Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 525,110 $ 594,350
Restricted cash 3,106 3,045
Other receivables 21,606 49,166
Prepaid data assets 0 29,601
Other current assets 37,338 38,107
Total current assets 587,160 714,269
Restricted cash, non-current 5,629 5,629
Property and equipment, net 120,038 141,063
Operating lease right-of-use assets 50,324 65,877
Financing lease right-of-use assets 23,242 26,273
Intangible assets, net 341,319 335,855
Goodwill 164,270 148,873
Deferred tax assets 957 1,934
Other assets, non-current 9,416 8,825
Total assets 1,302,355 1,448,598
Current liabilities    
Accounts payable 19,314 21,613
Accrued expenses and other liabilities 64,280 81,872
Accrued data liability 20,258 0
Unearned revenue 39,690 61,767
Operating lease liabilities 11,732 13,795
Notes payable and financing lease liabilities 8,752 8,425
Total current liabilities 164,026 187,472
Unearned revenue, non-current 126,243 118,765
Operating lease liabilities, non-current 53,395 67,250
Notes payable and financing lease liabilities, non-current 14,196 19,022
Deferred tax liabilities 23,784 16,575
Other liabilities, non-current 1,565 4,732
Total liabilities 383,209 413,816
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.00001 par value; 2,000,000,000 shares (Class A 1,989,032,117 and Class B 10,967,883) authorized as of June 30, 2025 and December 31, 2024; 432,830,642 shares (Class A 425,480,323, Class B 6,838,575 and Exchangeable 511,744) and 396,802,394 shares (Class A 389,547,223, Class B 6,958,575 and Exchangeable 296,596) issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 4 4
Additional paid-in capital 2,681,111 2,473,698
Accumulated deficit (1,805,589) (1,431,283)
Accumulated other comprehensive income (loss) 43,620 (7,637)
Total stockholders’ equity 919,146 1,034,782
Total liabilities and stockholders’ equity $ 1,302,355 $ 1,448,598