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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 854,409 $ 747,610
Short-term investments 26,354 0
Accounts receivable 94,215 88,975
Deferred cost of revenues 67,329 53,931
Prepaid expenses and other current assets 16,130 7,282
Total current assets 1,058,437 897,798
Operating lease right-of-use assets 48,624 19,103
Intangible assets, net 21,900 15,995
Long-term investments 55,328 0
Property and equipment, net 19,495 11,792
Goodwill 10,538 4,050
Restricted cash 2,735 2,735
Deferred tax assets, net 835 766
Other assets 1,657 1,718
Total assets 1,219,549 953,957
Current liabilities    
Deferred revenues 310,603 249,192
Accounts payable 3,649 2,447
Income tax payable 36 792
Accrued expenses and other current liabilities 27,845 24,931
Total current liabilities 342,133 277,362
Long-term obligation under operating leases 54,651 21,094
Deferred tax liabilities, net 312 0
Total liabilities 397,096 298,456
Commitments and contingencies (Note 11)
Stockholders’ equity    
Class A common stock, $0.0001 par value; 2,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 37,857 and 36,311 issued and outstanding at September 30, 2024 and December 31, 2023, respectively Class B common stock, $0.0001 par value; 30,000 shares authorized as of September 30, 2024 and December 31, 2023; 6,087 and 6,215 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 4 4
Additional paid-in capital 962,203 869,918
Accumulated deficit (139,754) (214,421)
Total stockholders’ equity 822,453 655,501
Total liabilities and stockholders' equity $ 1,219,549 $ 953,957