XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,666,899 $ 697,030
Accounts receivable, net 1,603,953 1,283,335
Prepaid expenses and other current assets 216,714 140,470
Current assets of discontinued operations 0 191,355
Total current assets 3,487,566 2,312,190
Property and equipment, net 130,815 159,970
Goodwill 1,540,889 1,457,685
Intangible assets, net 421,868 472,851
Other non-current assets 761,897 529,314
Non-current assets of discontinued operations 0 937,249
Total assets 6,343,035 5,869,259
Current liabilities:    
Accounts payable 516,438 504,302
Accrued and other current liabilities 510,947 379,004
Deferred revenue 45,748 37,053
Current liabilities of discontinued operations 0 137,113
Total current liabilities 1,073,133 1,057,472
Long-term debt 3,511,965 3,508,983
Other non-current liabilities 284,017 211,572
Non-current liabilities of discontinued operations 0 1,414
Total liabilities 4,869,115 4,779,441
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Preferred stock, $0.00003 par value—100,000 shares authorized, no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Class A, Class B, and Class C Common Stock, $0.00003 par value—1,850,000 (Class A 1,500,000, Class B 200,000, Class C 150,000) shares authorized, 338,533 (Class A 308,176, Class B 30,358, Class C nil) and 340,042 (Class A 309,353, Class B 30,689, Class C nil) shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 11 11
Additional paid-in capital 427,998 593,699
Accumulated other comprehensive loss (2,659) (103,096)
Retained earnings 1,048,570 599,204
Total stockholders’ equity 1,473,920 1,089,818
Total liabilities and stockholders’ equity $ 6,343,035 $ 5,869,259