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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 175,025 $ 328,647
Short-term investments 211,489 248,547
Accounts receivable (net of allowance for doubtful accounts of $691 and $525 at June 30, 2025 and December 31, 2024, respectively) 181,114 258,734
Deferred commissions 50,785 51,791
Prepaid expenses and other current assets 54,079 53,026
Total current assets 672,492 940,745
Property and equipment, net 42,577 39,265
Deferred commissions (net of current portion) 64,274 67,914
Operating lease right-of-use assets 36,880 45,139
Acquired intangible assets, net 128,860 94,461
Goodwill 697,769 541,292
Other assets 13,720 13,303
Total assets 1,656,572 1,742,119
Current liabilities:    
Accounts payable and accrued expenses 18,828 19,981
Accrued compensation 55,574 55,784
Deferred revenue 624,548 650,372
Operating lease liabilities 7,138 6,801
Other current liabilities 7,179 5,154
Total current liabilities 713,267 738,092
Deferred revenue (net of current portion) 173,261 182,815
Term loan, net of issuance costs (net of current portion) 355,439 356,705
Operating lease liabilities (net of current portion) 54,059 56,224
Other liabilities 9,847 8,329
Total liabilities 1,305,873 1,342,165
Stockholders’ equity:    
Common stock (par value: $0.01; 500,000 shares authorized; 127,352 and 122,371 shares issued at June 30, 2025 and December 31, 2024, respectively) 1,274 1,224
Additional paid-in capital 1,489,379 1,374,659
Treasury stock (at cost: 6,365 and 2,673 shares at June 30, 2025 and December 31, 2024, respectively) (241,239) (114,911)
Accumulated other comprehensive income 262 318
Accumulated deficit (898,977) (861,336)
Total stockholders’ equity 350,699 399,954
Total liabilities and stockholders’ equity $ 1,656,572 $ 1,742,119