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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 911,653 $ 562,092
Marketable securities 1,314,170 1,278,717
Accounts receivable, net 487,634 349,534
Prepaid expenses and other current assets 56,122 33,058
Total current assets 2,769,579 2,223,401
Property and equipment, net 12,936 12,652
Operating lease right-of-use assets, net 22,469 23,249
Intangible assets, net 18,000 25,424
Goodwill 42,174 42,174
Other noncurrent assets 11,218 9,695
Total assets 2,876,376 2,336,595
Current liabilities:    
Accounts payable 73,053 45,423
Operating lease liabilities 6,872 6,137
Accrued expenses and other current liabilities 148,400 124,464
Total current liabilities 228,325 176,024
Operating lease liabilities, noncurrent 18,162 20,565
Other noncurrent liabilities 19,226 9,257
Total liabilities 265,713 205,846
Commitments and contingencies (Note 10)
Stockholders’ equity (deficit):    
Preferred stock, par value $0.0001 per share; 100,000,000 shares authorized as of September 30, 2025 and December 31, 2024; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Additional paid-in capital 3,529,552 3,331,546
Accumulated other comprehensive income (loss) 3,812 24
Accumulated deficit (922,720) (1,200,838)
Total stockholders’ equity (deficit) 2,610,663 2,130,749
Total liabilities and stockholders’ equity (deficit) 2,876,376 2,336,595
Class A common stock    
Stockholders’ equity (deficit):    
Common stock, value 14 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