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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 734,060 $ 562,092
Marketable securities 1,325,881 1,278,717
Accounts receivable, net 407,228 349,534
Prepaid expenses and other current assets 62,761 33,058
Total current assets 2,529,930 2,223,401
Property and equipment, net 11,394 12,652
Operating lease right-of-use assets, net 22,118 23,249
Intangible assets, net 20,469 25,424
Goodwill 42,174 42,174
Other noncurrent assets 6,117 9,695
Total assets 2,632,202 2,336,595
Current liabilities:    
Accounts payable 63,942 45,423
Operating lease liabilities 6,572 6,137
Accrued expenses and other current liabilities 140,317 124,464
Total current liabilities 210,831 176,024
Operating lease liabilities, noncurrent 18,611 20,565
Other noncurrent liabilities 15,780 9,257
Total liabilities 245,222 205,846
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):    
Preferred stock, par value $0.0001 per share; 100,000,000 shares authorized as of June 30, 2025 and December 31, 2024; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 3,468,618 3,331,546
Accumulated other comprehensive income (loss) 3,727 24
Accumulated deficit (1,085,383) (1,200,838)
Total stockholders’ equity (deficit) 2,386,980 2,130,749
Total liabilities and stockholders’ equity (deficit) 2,632,202 2,336,595
Class A common stock    
Stockholders’ equity (deficit):    
Common stock, value 13 12
Class B common stock    
Stockholders’ equity (deficit):    
Common stock, value 5 5
Class C common stock    
Stockholders’ equity (deficit):    
Common stock, value $ 0 $ 0