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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 324,262 $ 437,722
Marketable securities, current (amortized cost of $296,316 and $337,253 at June 30, 2025 and December 31, 2024, respectively) 296,618 337,673
Accounts receivable, net of allowance for credit losses of $3,595 and $6,109 at June 30, 2025 and December 31, 2024, respectively 194,103 246,472
Contract cost asset, current 43,439 33,922
Prepaid expenses and other current assets 54,098 44,090
Total current assets 912,520 1,099,879
Marketable securities, non-current (amortized cost of $85,869 and $46,042 at June 30, 2025 and December 31, 2024, respectively) 85,869 46,042
Capitalized software development costs, net 127,755 112,321
Property and equipment, net 44,023 43,592
Right of use assets - finance leases 20,521 31,727
Right of use assets - operating leases 33,093 28,790
Contract cost asset, non-current 59,033 47,505
Intangible assets, net 125,974 120,946
Goodwill 574,105 549,651
Other assets 21,208 20,918
Total assets 2,004,101 2,101,371
Current liabilities    
Accounts payable 20,159 33,146
Accrued expenses 97,561 88,740
Deferred revenue, current 560,598 584,719
Other current liabilities 27,565 21,427
Total current liabilities 705,883 728,032
Deferred revenue, non-current 4,467 5,815
Finance lease liabilities, non-current 27,455 41,352
Operating lease liabilities, non-current 37,678 32,697
Other liabilities, non-current 11,019 5,122
Total liabilities 786,502 813,018
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 100,000,000 shares authorized at June 30, 2025 and December 31, 2024; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024. 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at June 30, 2025 and December 31, 2024; 150,189,021 and 149,853,135 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively. 15 15
Additional paid-in capital 2,517,880 2,535,868
Accumulated other comprehensive loss (1,425) (2,737)
Accumulated deficit (1,298,871) (1,244,793)
Total stockholders’ equity 1,217,599 1,288,353
Total liabilities and stockholders’ equity $ 2,004,101 $ 2,101,371