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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 913,845 $ 759,319
Short-term investments 878,319 1,225,124
Prepaid expenses and other current assets 965,418 966,090
Total current assets 2,757,582 2,950,533
Restricted cash and cash equivalents 461,267 186,721
Restricted investments 1,253,399 1,355,451
Other investments 43,343 42,516
Property and equipment, net 401,204 444,864
Operating lease right of use assets 142,788 148,397
Intangible assets, net 37,986 42,776
Goodwill 255,548 251,376
Other assets 16,250 12,435
Total assets 5,369,367 5,435,069
Current liabilities    
Accounts payable 104,450 97,704
Insurance reserves 1,947,865 1,701,393
Accrued and other current liabilities 1,839,940 1,666,278
Operating lease liabilities, current 24,482 25,192
Convertible senior notes, current 0 390,175
Total current liabilities 3,916,737 3,880,742
Operating lease liabilities 142,854 152,074
Long-term debt, net of current portion 526,532 565,968
Other liabilities 50,568 69,269
Total liabilities 4,636,691 4,668,053
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock, $0.00001 par value; 1,000,000 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
Common stock, $0.00001 par value; 18,000,000 Class A shares authorized as of June 30, 2025 and December 31, 2024; 402,575 and 409,474 Class A shares issued and outstanding, as of June 30, 2025 and December 31, 2024, respectively; 100,000 Class B shares authorized as of June 30, 2025 and December 31, 2024; 8,531 and 8,531 Class B shares issued and outstanding, as of June 30, 2025 and December 31, 2024 4 4
Additional paid-in capital 10,954,946 11,035,246
Accumulated other comprehensive loss (7,024) (10,103)
Accumulated deficit (10,215,250) (10,258,131)
Total stockholders’ equity 732,676 767,016
Total liabilities and stockholders’ equity $ 5,369,367 $ 5,435,069