v3.24.2.u1
Unaudited Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenue $ 637,230 $ 529,138 $ 1,254,644 $ 1,030,758
Cost of revenues:        
Total cost of revenues 95,517 84,956 190,604 165,285
Gross profit 541,713 444,182 1,064,040 865,473
Operating expenses:        
Research and development 198,180 169,955 373,817 297,639
Sales and marketing 293,794 265,294 594,081 515,971
General and administrative 72,597 61,222 141,452 118,630
Restructuring 1,077 63,880 1,859 92,450
Total operating expenses 565,648 560,351 1,111,209 1,024,690
Loss from operations (23,935) (116,169) (47,169) (159,217)
Other income (expense):        
Interest income 20,370 13,542 39,097 24,013
Interest expense (901) (937) (1,836) (1,867)
Other income (expense) 1,784 330 14,945 (465)
Total other income 21,253 12,935 52,206 21,681
(Loss) income before income tax expense (2,682) (103,234) 5,037 (137,536)
Income tax expense (11,753) (8,569) (13,538) (10,987)
Net loss $ (14,435) $ (111,803) $ (8,501) $ (148,523)
Net loss per share, basic $ (0.28) $ (2.25) $ (0.17) $ (3)
Net loss per share, diluted $ (0.28) $ (2.25) $ (0.17) $ (3)
Weighted average common shares used in computing basic net loss per share: 51,005 49,703 50,847 49,550
Weighted average common shares used in computing diluted net loss per share: 51,005 49,703 50,847 49,550
Subscription [Member]        
Revenues:        
Total revenue $ 623,763 $ 517,678 $ 1,227,559 $ 1,007,421
Cost of revenues:        
Total cost of revenues 81,618 71,494 162,342 138,116
Professional Services and Other [Member]        
Revenues:        
Total revenue 13,467 11,460 27,085 23,337
Cost of revenues:        
Total cost of revenues $ 13,899 $ 13,462 $ 28,262 $ 27,169