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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 313,734 $ 437,722
Marketable securities (amortized cost of $252,457 and $337,253 at March 31, 2025 and December 31, 2024, respectively) 252,956 337,673
Accounts receivable, net of allowance for credit losses of $3,563 and $6,109 at March 31, 2025 and December 31, 2024, respectively 161,578 246,472
Contract cost asset, current 36,924 33,922
Prepaid expenses and other current assets 51,295 44,090
Total current assets 816,487 1,099,879
Marketable securities, non-current (amortized cost of $132,127 and $46,042 at March 31, 2025 and December 31, 2024, respectively) 132,127 46,042
Capitalized software development costs, net 119,882 112,321
Property and equipment, net 43,715 43,592
Right of use assets - finance leases 20,972 31,727
Right of use assets - operating leases 31,758 28,790
Contract cost asset, non-current 51,223 47,505
Intangible assets, net 137,865 120,946
Goodwill 573,383 549,651
Other assets 21,302 20,918
Total assets 1,948,714 2,101,371
Current liabilities    
Accounts payable 22,235 33,146
Accrued expenses 76,744 88,740
Deferred revenue, current 560,140 584,719
Other current liabilities 26,481 21,427
Total current liabilities 685,600 728,032
Deferred revenue, non-current 5,309 5,815
Finance lease liabilities, non-current 27,903 41,352
Operating lease liabilities, non-current 36,599 32,697
Other liabilities, non-current 11,656 5,122
Total liabilities 767,067 813,018
Commitments and contingencies (Note 9)
Stockholders’ equity    
Preferred stock, $0.0001 par value, 100,000,000 shares authorized at March 31, 2025 and December 31, 2024; 0 shares issued and outstanding at March 31, 2025 and December 31, 2024. 0 0
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at March 31, 2025 and December 31, 2024; 149,104,117 and 149,853,135 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively. 15 15
Additional paid-in capital 2,461,905 2,535,868
Accumulated other comprehensive loss (2,491) (2,737)
Accumulated deficit (1,277,782) (1,244,793)
Total stockholders’ equity 1,181,647 1,288,353
Total liabilities and stockholders’ equity $ 1,948,714 $ 2,101,371