v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 512,667 $ 387,987
Short-term investments 1,556,828 1,000,245
Accounts receivable - net of allowance for credit losses of $6,088 and $5,516 at December 31, 2024 and 2023, respectively 334,829 295,303
Deferred commission expense 148,693 99,326
Prepaid expenses and other current assets 80,586 88,679
Total current assets 2,633,603 1,871,540
Long-term investments 154,212 325,703
Property and equipment, net 114,165 103,331
Capitalized software development costs, net 154,484 106,229
Right-of-use assets 216,230 251,071
Deferred commission expense, net of current portion 160,814 122,194
Other assets 115,254 75,247
Intangible assets, net 37,563 42,316
Goodwill 209,508 173,761
Total assets 3,795,833 3,071,392
Current liabilities:    
Accounts payable 3,649 9,106
Accrued compensation costs 67,442 53,462
Accrued commissions 102,043 78,169
Accrued expenses and other current liabilities 125,135 94,074
Operating lease liabilities 32,693 35,047
Convertible senior notes 458,184  
Deferred revenue 784,253 672,150
Total current liabilities 1,573,399 942,008
Operating lease liabilities, net of current portion 254,539 296,561
Deferred revenue, net of current portion 3,969 5,810
Other long-term liabilities 55,640 36,459
Convertible senior notes, net of current portion   456,206
Total liabilities 1,887,547 1,737,044
Commitments and contingencies (Note 12)
Stockholders’ equity:    
Common stock, $0.001 par value - 500,000 shares authorized; 52,667 and 51,358 shares issued; 51,767 and 50,448 shares outstanding at December 31, 2024 and 2023, respectively 52 50
Additional paid-in capital 2,713,697 2,136,908
Accumulated other comprehensive (loss) income (5,654) 1,827
Accumulated deficit (799,809) (804,437)
Total stockholders’ equity 1,908,286 1,334,348
Total liabilities and stockholders’ equity $ 3,795,833 $ 3,071,392