CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 896,387	$ 1,369,463
Short-term investments, net	790,874	552,026
Accounts receivable, net of allowance for credit losses of $12,338 and $11,244 as of June 30, 2025 and December 31, 2024, respectively	3,254,908	3,330,343
Prepaid expenses and other current assets	111,546	84,626
TOTAL CURRENT ASSETS	5,053,715	5,336,458
Property and equipment, net	309,975	209,332
Operating lease assets	269,309	263,761
Deferred income taxes	228,948	230,214
Other assets, non-current	95,862	72,186
TOTAL ASSETS	5,957,809	6,111,951
Current liabilities:
Accounts payable	2,724,093	2,631,213
Accrued expenses and other current liabilities	152,477	177,760
Operating lease liabilities	72,414	64,492
TOTAL CURRENT LIABILITIES	2,948,984	2,873,465
Operating lease liabilities, non-current	271,135	247,723
Other liabilities, non-current	41,857	41,618
TOTAL LIABILITIES	3,261,976	3,162,806
Commitments and contingencies (Note 11)
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.000001; 100,000 shares authorized, zero shares issued and outstanding as of June 30, 2025 and December 31, 2024	0	0
Common stock, par value $0.000001 Class A, 1,000,000 shares authorized; 446,622 and 452,182 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively Class B, 95,000 shares authorized; 43,276 and 43,919 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively	0	0
Additional paid-in capital	2,858,189	2,594,896
Retained earnings (accumulated deficit)	(162,356)	354,249
TOTAL STOCKHOLDERS’ EQUITY	2,695,833	2,949,145
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 5,957,809	$ 6,111,951