7Baggers

Dropbox
(NASDAQ:DBX) 

DBX stock logo

Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2020, the company had approxima...

Founded: 2007
Full Time Employees: 3,118 (Dec 2022)
CEO: Andrew W. Houston  
Sector: Technology
Industry: Software-Infrastructure
DatabaseInformation TechnologySaaS
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At a glance:
  • Core Cloud Storage and Sync Remains the Foundation: Dropbox’s business continues to center on file storage, syncing, and sharing across devices, with collaboration features layered on top to support individual and small-team workflows.
  • Shift Toward Paid Subscriptions and Higher-Value Plans: The company emphasizes monetization through subscription tiers, aiming to increase average revenue per user via plan upgrades, add-ons, and expanded feature bundles.
  • Focus on Productivity and Collaboration Features: Dropbox has pushed beyond basic storage by integrating tools that improve team collaboration, content organization, and workflow efficiency to remain differentiated in a competitive market.
  • Competitive Pressure from Platform Ecosystems: Dropbox competes against large bundled offerings (e.g., Google, Microsoft, Apple), making product differentiation, cross-platform reliability, and user experience key strategic priorities.
Bull Thesis:
  • Strong Free Cash Flow Generation and Profitability: Dropbox has consistently demonstrated strong free cash flow generation and has achieved profitability. This financial health allows for strategic investments, share buybacks, and indicates a sustainable business model, making it an attractive investment for value-oriented investors.
  • Sticky User Base and Brand Recognition: Dropbox boasts a large, loyal, and sticky user base, particularly among individuals and small to medium-sized businesses (SMBs). Its strong brand recognition and ease of use create a significant moat, making it difficult for users to switch to competitors, thus ensuring recurring revenue.
  • Expansion into 'Smart Workspace' Platform: Dropbox is actively evolving beyond simple file storage to become a 'smart workspace' platform, integrating with various productivity tools and offering features like Dropbox Spaces. If successful, this strategy could increase average revenue per user (ARPU), reduce churn, and open new growth avenues beyond core storage.
  • Potential for Enterprise Adoption Growth: While strong in SMBs, there's still significant untapped potential for Dropbox to expand its footprint within larger enterprises. By enhancing security, compliance, and collaboration features tailored for corporate environments, Dropbox could capture higher-value contracts and diversify its revenue streams.
Bear Thesis:
  • Intense Competition from Tech Giants: Dropbox faces fierce competition from well-capitalized tech giants like Microsoft (OneDrive), Google (Drive), and Apple (iCloud), who often bundle their storage solutions with broader productivity suites or operating systems, making it challenging for Dropbox to compete on price or feature parity alone.
  • Commoditization of Cloud Storage: Basic cloud storage has largely become a commodity, with many providers offering similar services at competitive prices. This commoditization puts continuous pressure on Dropbox's pricing power and makes it difficult to differentiate its core offering, potentially leading to slower ARPU growth.
  • Limited Growth Opportunities and Market Saturation: The core market for cloud storage may be maturing, and Dropbox's attempts to expand into broader productivity tools haven't always gained significant traction against established players. This could lead to slower revenue growth rates compared to earlier stages of the company's life cycle.
  • Innovation Lag and Lack of 'Must-Have' Features: Critics argue that Dropbox has struggled to consistently innovate or introduce 'must-have' features that truly differentiate it from competitors. A perceived lack of groundbreaking new products or services could lead to user churn or difficulty attracting new high-value customers in a crowded market.
Main Competitors:
  • Google (Alphabet Inc.) ($GOOGL) (Google Drive), Competes directly by offering robust cloud storage, file synchronization, and collaborative document editing (Docs, Sheets, Slides) deeply integrated with the Google ecosystem (Gmail, Android, Chrome OS). It often provides competitive free storage tiers and is a default choice for many users already within the Google environment, making it a strong contender for both consumers and businesses.
  • Microsoft Corporation ($MSFT) (Microsoft OneDrive), Competes by providing cloud storage, file sharing, and synchronization, tightly integrated with Windows operating systems and the Microsoft Office suite (Word, Excel, PowerPoint). It's a natural choice for businesses and individuals heavily invested in the Microsoft ecosystem, offering seamless collaboration within Office applications and often bundled with Microsoft 365 subscriptions.
  • Box Inc. ($BOX) (Box), Competes primarily in the enterprise space, offering secure cloud content management, file sharing, and collaboration tools with a strong focus on security, compliance, and integrations with business applications. It targets larger organizations with more complex content management and workflow needs, often positioning itself as a more robust enterprise solution than Dropbox Business.
  • Apple Inc. ($AAPL) (iCloud Drive), Competes by offering cloud storage, file synchronization, and backup services deeply integrated into the Apple ecosystem (iOS, macOS, iPadOS). It's the default cloud storage solution for Apple device users, providing seamless access to files across Apple devices and facilitating easy sharing within the Apple user base, making it a strong competitor for consumers and creative professionals within the Apple ecosystem.
Moat:
Dropbox operates in a highly competitive cloud storage and collaboration market. Its primary competitors include tech giants leveraging their vast ecosystems (Google Drive, Microsoft OneDrive, Apple iCloud Drive) and specialized enterprise solutions (Box). Dropbox's moat lies in its strong brand recognition, user-friendly interface, and cross-platform compatibility, which appeal to both individuals and businesses seeking simplicity and reliability. However, it faces continuous pressure from competitors who often bundle cloud storage with broader software suites, offer more competitive pricing as part of an ecosystem, or provide deeper enterprise-grade features and compliance. To maintain its position, Dropbox must continue to innovate on user experience, expand its collaboration tools, and differentiate its offerings beyond basic file sync and share.
Income Statements:
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                   
      revenue
    		634,400,000 625,700,000 624,700,000 643,600,000 638,800,000 634,500,000 631,300,000 635,000,000 633,000,000 622,500,000 611,100,000 598,800,000 591,000,000 572,700,000 562,400,000 565,500,000 550,200,000 530,600,000 511,600,000 504,100,000 487,400,000 467,400,000 455,000,000 446,000,000 428,200,000 401,500,000 385,600,000 375,900,000 360,300,000 339,200,000 316,300,000 
      yoy
    		-0.69% -1.39% -1.05% 1.35% 0.92% 1.93% 3.31% 6.05% 7.11% 8.70% 8.66% 5.89% 7.42% 7.93% 9.93% 12.18% 12.88% 13.52% 12.44% 13.03% 13.83% 16.41% 18.00% 18.65% 18.85% 18.37% 21.91%     
      qoq
    		1.39% 0.16% -2.94% 0.75% 0.68% 0.51% -0.58% 0.32% 1.69% 1.87% 2.05% 1.32% 3.20% 1.83% -0.55% 2.78% 3.69% 3.71% 1.49% 3.43% 4.28% 2.73% 2.02% 4.16% 6.65% 4.12% 2.58% 4.33% 6.22% 7.24%  
      cost of revenue
    		128,300,000 123,700,000 116,700,000 120,800,000 111,500,000 107,000,000 105,800,000 122,000,000 119,600,000 120,100,000 116,800,000 115,800,000 109,700,000 105,800,000 112,900,000 115,800,000 112,000,000 107,100,000 109,300,000 105,800,000 103,200,000 102,500,000 103,100,000 104,900,000 104,800,000 102,900,000 98,400,000 94,400,000 90,200,000 89,500,000 120,600,000 
      gross profit
    		506,100,000 502,000,000 508,000,000 522,800,000 527,300,000 527,500,000 525,500,000 513,000,000 513,400,000 502,400,000 494,300,000 483,000,000 481,300,000 466,900,000 449,500,000 449,700,000 438,200,000 423,500,000 402,300,000 398,300,000 384,200,000 364,900,000 351,900,000 341,100,000 323,400,000 298,600,000 287,200,000 281,500,000 270,100,000 249,700,000 195,700,000 
      yoy
    		-4.02% -4.83% -3.33% 1.91% 2.71% 5.00% 6.31% 6.21% 6.67% 7.60% 9.97% 7.40% 9.84% 10.25% 11.73% 12.90% 14.06% 16.06% 14.32% 16.77% 18.80% 22.20% 22.53% 21.17% 19.73% 19.58% 46.76%     
      qoq
    		0.82% -1.18% -2.83% -0.85% -0.04% 0.38% 2.44% -0.08% 2.19% 1.64% 2.34% 0.35% 3.08% 3.87% -0.04% 2.62% 3.47% 5.27% 1.00% 3.67% 5.29% 3.69% 3.17% 5.47% 8.31% 3.97% 2.02% 4.22% 8.17% 27.59%  
      gross margin %
    		79.78% 80.23% 81.32% 81.23% 82.55% 83.14% 83.24% 80.79% 81.11% 80.71% 80.89% 80.66% 81.44% 81.53% 79.93% 79.52% 79.64% 79.82% 78.64% 79.01% 78.83% 78.07% 77.34% 76.48% 75.53% 74.37% 74.48% 74.89% 74.97% 73.61% 61.87% 
      operating expenses:
    		                               
      research and development
    		182,300,000 184,400,000 178,400,000 243,000,000 225,700,000 227,100,000 219,100,000 222,100,000 216,400,000 262,800,000 235,200,000 238,500,000 227,600,000 215,000,000 210,800,000 201,900,000 187,300,000 185,500,000 181,200,000 176,600,000 183,300,000 185,800,000 181,800,000 176,900,000 172,800,000 162,400,000 150,000,000 136,800,000 133,200,000 119,700,000 378,500,000 
      sales and marketing
    		91,500,000 87,800,000 92,000,000 128,900,000 110,500,000 112,500,000 108,800,000 119,600,000 106,300,000 120,900,000 119,200,000 105,100,000 103,600,000 105,000,000 95,700,000 108,300,000 115,700,000 100,800,000 102,700,000 109,900,000 105,800,000 102,800,000 104,300,000 106,300,000 108,200,000 107,300,000 101,500,000 100,200,000 95,000,000 87,400,000 157,000,000 
      general and administrative
    		57,600,000 58,800,000 53,800,000 62,900,000 63,300,000 60,900,000 54,100,000 61,300,000 60,000,000 60,000,000 55,800,000 57,300,000 56,800,000 55,300,000 53,500,000 55,300,000 57,900,000 52,800,000 58,600,000 60,200,000 65,100,000 63,500,000 39,000,000 64,500,000 61,000,000 62,900,000 57,000,000 56,500,000 50,800,000 49,800,000 126,100,000 
      net loss on real estate assets
    		 2,600,000                              
      total operating expenses
    		331,400,000 333,600,000 324,200,000 434,900,000 399,500,000 400,500,000 382,000,000 245,600,000 382,700,000 445,900,000 410,200,000 563,400,000 392,000,000 384,000,000 360,000,000 379,500,000 360,900,000 339,100,000 359,800,000 744,900,000 354,200,000 352,100,000 325,100,000 347,700,000 342,000,000 332,600,000 308,500,000 293,500,000 279,000,000 256,900,000 661,600,000 
      income from operations
    		174,700,000 168,400,000 183,800,000 87,900,000 127,800,000 127,000,000 143,500,000 267,400,000 130,700,000 56,500,000 84,100,000 -80,400,000 89,300,000 82,900,000 89,500,000 70,200,000 77,300,000 84,400,000 42,500,000 -346,600,000 30,000,000 12,800,000 26,800,000 -6,600,000 -18,600,000 -34,000,000 -21,300,000 -12,000,000 -8,900,000 -7,200,000 -465,900,000 
      yoy
    		36.70% 32.60% 28.08% -67.13% -2.22% 124.78% 70.63% -432.59% 46.36% -31.85% -6.03% -214.53% 15.52% -1.78% 110.59% -120.25% 157.67% 559.38% 58.58% 5151.52% -261.29% -137.65% -225.82% -45.00% 108.99% 372.22% -95.43%     
      qoq
    		3.74% -8.38% 109.10% -31.22% 0.63% -11.50% -46.34% 104.59% 131.33% -32.82% -204.60% -190.03% 7.72% -7.37% 27.49% -9.18% -8.41% 98.59% -112.26% -1255.33% 134.38% -52.24% -506.06% -64.52% -45.29% 59.62% 77.50% 34.83% 23.61% -98.45%  
      operating margin %
    		27.54% 26.91% 29.42% 13.66% 20.01% 20.02% 22.73% 42.11% 20.65% 9.08% 13.76% -13.43% 15.11% 14.48% 15.91% 12.41% 14.05% 15.91% 8.31% -68.76% 6.16% 2.74% 5.89% -1.48% -4.34% -8.47% -5.52% -3.19% -2.47% -2.12% -147.30% 
      interest income
    		-20,300,000 -18,600,000 -14,600,000 -1,900,000 3,800,000 4,700,000 7,300,000 6,800,000 5,000,000 3,700,000 3,900,000 3,500,000 1,700,000   -1,400,000 -1,700,000 -900,000 -1,200,000 -900,000 100,000 100,000 2,400,000 2,600,000 3,000,000 3,200,000 3,700,000 3,900,000 2,400,000 2,000,000  
      other income
    		2,800,000 -2,000,000 300,000 6,400,000 1,100,000 1,900,000 300,000 -1,900,000 -200,000 -1,200,000 -400,000 -1,500,000 7,200,000 -3,300,000 5,700,000 17,000,000 500,000 7,500,000 5,100,000 2,000,000 3,500,000 9,000,000 10,600,000 1,600,000 200,000 10,000,000 4,200,000 700,000 500,000 2,200,000 3,400,000 
      income before income taxes
    		157,200,000 147,800,000 169,500,000 92,400,000 132,700,000 133,600,000 151,100,000 272,300,000 135,500,000 59,000,000 87,600,000 -78,400,000 98,200,000 79,100,000 93,800,000 85,800,000 76,100,000 91,000,000 46,400,000 -345,500,000 33,600,000 21,900,000 39,800,000 -2,400,000 -15,400,000 -20,800,000 -13,400,000 -7,400,000 -6,000,000 -3,000,000 -463,700,000 
      provision for income taxes
    		-33,400,000 -22,200,000 -19,200,000 -16,975,000 -26,000,000 -23,100,000 -18,800,000 -13,950,000 -21,400,000 -15,800,000 -18,600,000 -11,550,000 -15,000,000 -17,100,000  -575,000 -500,000 -3,000,000            -1,100,000 -1,800,000 
      net income
    		123,800,000 125,600,000 150,300,000 102,800,000 106,700,000 110,500,000 132,300,000 227,300,000 114,100,000 43,200,000 69,000,000 328,300,000 83,200,000 62,000,000 79,700,000 124,600,000 75,600,000 88,000,000 47,600,000 -345,800,000 32,700,000 17,500,000 39,300,000 -6,600,000 -17,000,000 -21,400,000 -7,700,000 -9,500,000 -5,800,000 -4,100,000 -465,500,000 
      yoy
    		16.03% 13.67% 13.61% -54.77% -6.49% 155.79% 91.74% -30.76% 37.14% -30.32% -13.43% 163.48% 10.05% -29.55% 67.44% -136.03% 131.19% 402.86% 21.12% 5139.39% -292.35% -181.78% -610.39% -30.53% 193.10% 421.95% -98.35%     
      qoq
    		-1.43% -16.43% 46.21% -3.66% -3.44% -16.48% -41.79% 99.21% 164.12% -37.39% -78.98% 294.59% 34.19% -22.21% -36.04% 64.81% -14.09% 84.87% -113.77% -1157.49% 86.86% -55.47% -695.45% -61.18% -20.56% 177.92% -18.95% 63.79% 41.46% -99.12%  
      net income margin %
    		19.51% 20.07% 24.06% 15.97% 16.70% 17.42% 20.96% 35.80% 18.03% 6.94% 11.29% 54.83% 14.08% 10.83% 14.17% 22.03% 13.74% 16.58% 9.30% -68.60% 6.71% 3.74% 8.64% -1.48% -3.97% -5.33% -2.00% -2.53% -1.61% -1.21% -147.17% 
      net income per share
    		                       -0.02 -0.04 -0.05 -0.02 0.04 -0.01 -0.01 -2.13 
      basic net income per share
    		0.47 0.46 0.52 0.34 0.34 0.34 0.4 0.67 0.34 0.13 0.2 0.91 0.23 0.17 0.22 0.33 0.2 0.23 0.12 0.055 0.08 0.04 0.09         
      diluted net income per share
    		0.47 0.45 0.51 0.33 0.34 0.34 0.39 0.66 0.33 0.13 0.2 0.91 0.23 0.17 0.21 0.32 0.19 0.22 0.12 0.053 0.08 0.04 0.09         
      weighted-average shares used for eps calculation
    		261.1 272.4 290.3 318.2 314.5 322.4 334.8 341.2 339.2 341.4 347.1 361.2 358.1 364.1 370.7 388 385.5 388.4 398.1 414.3 414.2 414.1 417.3 411.6 414.4 412.4 410.5 358.6 403.9 401.3 218.8 
      impairment related to real estate assets
    		       550,000  2,200,000  162,500,000 4,000,000 8,700,000  14,000,000   17,300,000             
      operating expenses
    		                               
      interest expense
    		             -500,000 -1,400,000                -1,200,000 
      benefit from income taxes
    		              -14,100,000    1,200,000 -300,000 -900,000 -4,400,000 -500,000 -4,200,000 -1,600,000 -600,000 5,700,000 -675,000 200,000   
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                     
        assets
      		                               
        current assets:
      		                               
        cash and cash equivalents
      		730,700,000 736,300,000 942,200,000 1,328,300,000 517,600,000 515,100,000 548,900,000 614,900,000 604,300,000 510,300,000 332,700,000 232,800,000 372,000,000 352,100,000 445,500,000 533,000,000 688,900,000 885,300,000 845,500,000 314,900,000 452,700,000 334,100,000 486,400,000 551,300,000 443,200,000 343,600,000 359,200,000 519,300,000 536,200,000 504,100,000 665,300,000 
        short-term investments
      		194,600,000 218,400,000 237,800,000 265,900,000 373,200,000 547,400,000 627,000,000 741,100,000 704,600,000 717,200,000 920,400,000 1,110,600,000 1,081,400,000 1,094,200,000 1,050,100,000 1,185,100,000 1,239,800,000 1,058,900,000 1,070,900,000 806,400,000 773,800,000 783,500,000 614,400,000 607,700,000 587,700,000 629,200,000 556,000,000 570,000,000 502,900,000 477,700,000 180,700,000 
        trade and other receivables
      		73,900,000 75,800,000 71,600,000 70,400,000 69,500,000 67,100,000 66,700,000 68,700,000 64,100,000 60,300,000 57,600,000 53,800,000 49,700,000 46,700,000 44,600,000 49,600,000 40,900,000 52,200,000 50,500,000 43,400,000 49,600,000 45,600,000 36,900,000 36,700,000 38,400,000 37,600,000 34,100,000 28,600,000 28,600,000 31,200,000 26,200,000 
        prepaid expenses and other current assets
      		83,500,000 83,000,000 83,200,000 73,800,000 85,200,000 101,800,000 96,600,000 91,900,000 94,100,000 92,700,000 89,000,000 92,600,000 76,600,000 100,100,000 82,700,000 82,100,000 86,700,000 70,900,000 67,100,000 62,800,000 54,100,000 59,100,000 57,500,000 47,500,000 64,300,000 57,300,000 58,300,000 92,300,000 96,000,000 86,800,000 57,700,000 
        total current assets
      		1,082,700,000 1,113,500,000 1,334,800,000 1,738,400,000 1,045,500,000 1,231,400,000 1,339,200,000 1,516,600,000 1,467,100,000 1,380,500,000 1,399,700,000 1,489,800,000 1,579,700,000 1,593,100,000 1,622,900,000 1,849,800,000 2,056,300,000 2,067,300,000 2,034,000,000 1,227,500,000 1,330,200,000 1,222,300,000 1,195,200,000 1,243,200,000 1,133,600,000 1,067,700,000 1,007,600,000 1,210,200,000 1,163,700,000 1,099,800,000 929,900,000 
        property and equipment
      		377,300,000 362,200,000 364,600,000 358,800,000 346,300,000 323,700,000 315,000,000 309,200,000 298,900,000 298,500,000 307,200,000 308,400,000 281,100,000 296,300,000 316,100,000 322,000,000 345,800,000 342,900,000 330,800,000 338,700,000 488,400,000 475,600,000 473,200,000 445,300,000 416,600,000 369,300,000 340,900,000 310,600,000 295,900,000 330,800,000 345,600,000 
        operating lease right-of-use asset
      		280,300,000 223,100,000 181,400,000 158,900,000 167,900,000 176,900,000 177,600,000 183,800,000 244,400,000 238,900,000 248,200,000 260,600,000 380,100,000 396,800,000 420,300,000 413,900,000 464,800,000 437,600,000 455,900,000 470,500,000 705,900,000 701,600,000 708,100,000 657,900,000 581,700,000 575,700,000 430,400,000     
        intangible assets
      		40,400,000 42,500,000 48,800,000 54,900,000 62,200,000 56,400,000 51,600,000 58,100,000 65,800,000 73,500,000 80,800,000 88,300,000 42,600,000 46,500,000 50,000,000 53,600,000 49,600,000 48,900,000 53,000,000 33,500,000 37,000,000 40,500,000 44,400,000 47,400,000 50,100,000 53,700,000 57,400,000 14,700,000 15,200,000 16,300,000 17,900,000 
        goodwill
      		453,400,000 452,300,000 442,600,000 442,800,000 442,700,000 411,900,000 401,800,000 402,200,000 400,500,000 402,100,000 402,500,000 403,300,000 352,600,000 353,900,000 355,900,000 356,600,000 347,200,000 346,800,000 346,000,000 236,900,000 234,300,000 234,700,000 233,300,000 234,500,000 231,800,000 230,900,000 230,400,000 96,500,000 98,000,000 97,800,000 99,000,000 
        deferred tax assets
      		433,900,000 465,400,000 465,200,000 466,700,000 458,100,000 461,500,000 460,800,000 460,400,000 486,900,000 491,200,000 495,400,000 498,700,000                    
        other assets
      		127,800,000 120,400,000 119,900,000 104,700,000 54,000,000 56,700,000 51,700,000 53,200,000 47,000,000 53,900,000 59,900,000 61,000,000 66,700,000 72,200,000 86,800,000 95,400,000 75,400,000 84,600,000 87,600,000 80,100,000 66,500,000 67,600,000 63,100,000 70,900,000 72,800,000 67,600,000 61,900,000 62,100,000 50,300,000 57,700,000 46,300,000 
        total assets
      		2,795,800,000 2,779,400,000 2,957,300,000 3,325,200,000 2,576,700,000 2,718,500,000 2,797,700,000 2,983,500,000 3,010,600,000 2,938,600,000 2,993,700,000 3,110,100,000 2,702,800,000 2,758,800,000 2,852,000,000 3,091,300,000 3,339,100,000 3,328,100,000 3,307,300,000 2,387,200,000 2,862,300,000 2,742,300,000 2,717,300,000 2,699,200,000 2,486,600,000 2,364,900,000 2,128,600,000 1,694,100,000 1,623,100,000 1,602,400,000 1,438,700,000 
        liabilities and stockholders' deficit
      		                               
        current liabilities:
      		                               
        accounts payable
      		37,300,000 38,200,000 33,600,000 36,500,000 35,500,000 37,800,000 32,000,000 38,500,000 45,200,000 44,300,000 38,600,000 38,600,000 34,400,000 30,300,000 24,400,000 25,700,000 23,000,000 31,600,000 27,700,000 18,700,000 29,500,000 26,300,000 38,800,000 40,700,000 31,300,000 31,800,000 27,400,000 33,300,000 27,900,000 24,000,000 29,400,000 
        accrued and other current liabilities
      		149,700,000 134,000,000 148,500,000 143,200,000 147,100,000 151,600,000 160,200,000 155,200,000 150,500,000 151,100,000 167,100,000 139,900,000 137,200,000 147,700,000 155,200,000 140,800,000 170,900,000 158,700,000 169,900,000 156,700,000 129,400,000 134,500,000 149,500,000 161,900,000 149,900,000 149,400,000 148,800,000 164,500,000 163,200,000 172,300,000 143,100,000 
        accrued compensation and benefits
      		85,100,000 65,500,000 40,200,000 105,200,000 90,700,000 67,000,000 42,700,000 109,200,000 86,400,000 66,500,000 40,100,000 131,700,000 102,300,000 73,500,000 44,600,000 139,100,000 107,100,000 76,400,000 43,400,000 113,600,000 93,300,000 71,100,000 41,400,000 101,400,000 79,100,000 57,400,000 36,400,000 80,900,000 64,200,000 45,100,000 36,200,000 
        operating lease liability
      		52,000,000 44,200,000 44,300,000 64,900,000 68,800,000 69,100,000 75,000,000 57,400,000 67,400,000 67,400,000 64,800,000 68,900,000 72,600,000 77,300,000 82,600,000 78,300,000 85,200,000 86,900,000 87,700,000 88,700,000 89,700,000 82,600,000 84,300,000 79,900,000 76,000,000 78,300,000 74,100,000     
        finance lease obligation
      		132,100,000 126,400,000 126,800,000 123,300,000 120,200,000 115,500,000 115,100,000 116,200,000 112,600,000 113,400,000 114,200,000 114,800,000 111,300,000 115,000,000 118,900,000 120,400,000 120,900,000 113,900,000 105,200,000 99,600,000 86,400,000 83,800,000 80,000,000 76,700,000 70,900,000 68,900,000 70,700,000     
        convertible senior notes, net, current
      		694,900,000 694,300,000 693,800,000                             
        term loan, net, current
      		11,500,000 10,000,000 10,000,000 10,000,000                            
        deferred revenue
      		740,600,000 742,600,000 739,800,000 727,700,000 739,800,000 743,000,000 741,800,000 725,000,000 734,700,000 734,500,000 727,700,000 702,600,000 698,600,000 691,900,000 691,700,000 671,500,000 668,000,000 657,500,000 641,000,000 610,500,000 598,600,000 583,500,000 576,800,000 554,200,000 541,100,000 517,300,000 508,400,000 485,000,000 479,300,000 464,800,000 444,600,000 
        total current liabilities
      		1,903,200,000 1,855,200,000 1,837,000,000 1,210,800,000 1,202,100,000 1,184,000,000 1,166,800,000 1,201,500,000 1,196,800,000 1,177,200,000 1,152,500,000 1,196,500,000 1,156,400,000 1,135,700,000 1,117,400,000 1,175,800,000 1,175,100,000 1,125,000,000 1,074,900,000 1,087,800,000 1,026,900,000 981,800,000 970,800,000 1,014,800,000 948,300,000 903,100,000 865,800,000 837,500,000 815,100,000 793,300,000 746,100,000 
        operating lease liability, non-current
      		366,600,000 318,300,000 274,500,000 250,400,000 264,900,000 274,900,000 281,600,000 310,700,000 550,800,000 553,800,000 569,600,000 585,200,000 589,700,000 608,700,000 632,300,000 632,000,000 743,600,000 723,400,000 744,600,000 759,600,000 777,300,000 771,300,000 771,600,000 711,900,000 626,200,000 601,400,000 441,500,000     
        finance lease obligation, non-current
      		205,700,000 200,300,000 209,900,000 203,500,000 188,600,000 167,200,000 164,200,000 168,500,000 153,300,000 157,100,000 154,800,000  133,300,000 142,900,000 156,600,000  182,200,000 174,000,000 165,400,000  169,400,000 152,100,000 147,900,000  128,000,000 119,600,000 106,700,000     
        convertible senior notes, net, non-current
      		689,500,000 689,100,000 688,700,000 1,381,600,000 1,380,600,000 1,379,700,000 1,378,700,000 1,377,800,000 1,376,900,000 1,375,900,000 1,375,000,000 1,374,000,000 1,373,100,000 1,372,200,000 1,371,200,000 1,370,300,000 1,369,300,000 1,368,400,000 1,367,400,000             
        term loan, net, non-current
      		1,102,400,000 960,600,000 961,700,000 962,900,000                            
        other non-current liabilities
      		59,600,000 61,400,000 61,200,000 68,400,000 86,600,000 84,000,000 83,600,000 90,800,000 83,100,000 86,500,000 107,000,000 112,100,000 41,600,000 42,200,000 37,800,000 39,400,000 31,500,000 32,100,000 38,000,000 34,400,000 37,400,000 33,700,000 26,600,000 25,900,000 21,500,000 10,600,000 9,700,000 8,900,000 8,800,000 31,500,000 36,300,000 
        total liabilities
      		4,327,000,000 4,084,900,000 4,033,000,000 4,077,600,000 3,122,800,000 3,089,800,000 3,074,900,000 3,149,300,000 3,360,900,000 3,350,500,000 3,358,900,000 3,419,500,000 3,294,100,000 3,301,700,000 3,315,300,000 3,385,200,000 3,501,700,000 3,422,900,000 3,390,300,000 2,053,400,000 2,011,000,000 1,938,900,000 1,916,900,000 1,890,800,000 1,724,000,000 1,634,700,000 1,423,700,000 1,017,300,000 979,700,000 971,500,000 928,500,000 
        commitments and contingencies
      		                               
        stockholders' deficit:
      		                               
        additional paid-in-capital
      		2,100,300,000 2,181,000,000 2,267,000,000 2,404,200,000 2,454,500,000 2,519,900,000 2,554,800,000 2,598,000,000 2,561,300,000 2,521,900,000 2,501,600,000  2,438,900,000 2,424,100,000 2,419,700,000  2,468,100,000 2,446,900,000 2,420,200,000             
        accumulated deficit
      		-3,633,600,000 -3,487,600,000 -3,335,700,000 -3,146,500,000 -2,993,000,000 -2,872,600,000 -2,811,600,000 -2,742,300,000 -2,874,700,000 -2,895,600,000 -2,827,500,000 -2,772,100,000 -2,972,100,000 -2,926,100,000 -2,854,900,000 -2,739,400,000 -2,635,500,000 -2,547,500,000 -2,507,800,000 -2,241,400,000 -1,764,300,000 -1,764,400,000 -1,726,600,000 -1,726,200,000 -1,718,100,000 -1,700,100,000 -1,674,700,000 -1,659,500,000 -1,643,500,000 -1,619,400,000 -1,600,400,000 
        accumulated other comprehensive income
      		2,100,000 1,100,000              -2,600,000 4,800,000 5,800,000 4,600,000 10,900,000 6,800,000 7,400,000 -1,500,000 3,300,000 2,100,000 1,900,000 1,800,000 -1,200,000 1,900,000 1,900,000 5,700,000 
        total stockholders' deficit
      		-1,531,200,000 -1,305,500,000 -1,075,700,000  -546,100,000 -371,300,000 -277,200,000 -165,800,000 -350,300,000 -411,900,000 -365,200,000  -591,300,000 -542,900,000 -463,300,000                 
        total liabilities and stockholders' deficit
      		2,795,800,000 2,779,400,000 2,957,300,000  2,576,700,000 2,718,500,000 2,797,700,000 2,983,500,000 3,010,600,000 2,938,600,000 2,993,700,000  2,702,800,000 2,758,800,000 2,852,000,000                 
        accumulated other comprehensive loss
      		  -7,000,000 -10,100,000 -7,600,000 -18,600,000 -20,400,000 -21,500,000 -36,900,000 -38,200,000 -39,300,000 -48,900,000 -58,100,000 -40,900,000 -28,100,000                 
        convertible preferred stock, 0.00001 par value...
      		                               
        preferred stock, 0.00001 par value...
      		                               
        common stock, 0.00001 par value...
      		                               
        liabilities and stockholders’ deficit
      		                               
        finance lease liability, non-current
      		           151,700,000    167,700,000    171,600,000    138,200,000        
        stockholders’ deficit:
      		                               
        additional paid-in capital
      		           2,511,600,000    2,448,100,000    2,564,300,000 2,608,800,000 2,560,400,000 2,528,500,000 2,531,300,000 2,478,600,000 2,428,400,000 2,377,800,000 2,337,500,000 2,285,000,000 2,248,400,000 2,104,900,000 
        total stockholders’ deficit
      		           -309,400,000                    
        total liabilities and stockholders’ deficit
      		           3,110,100,000                    
        liabilities and stockholders’ (deficit) equity
      		                               
        stockholders’ (deficit) equity:
      		                               
        total stockholders’ (deficit) equity
      		               -293,900,000                
        total liabilities and stockholders’ (deficit) equity
      		               3,091,300,000                
        revenue
      		               2,157,900,000 550,200,000 530,600,000 511,600,000             
        cost of revenue
      		               444,200,000 112,000,000 107,100,000 109,300,000             
        gross profit
      		               1,713,700,000 438,200,000 423,500,000 402,300,000             
        operating expenses:
      		                               
        research and development
      		               755,900,000 187,300,000 185,500,000 181,200,000             
        sales and marketing
      		               427,500,000 115,700,000 100,800,000 102,700,000             
        general and administrative
      		               224,600,000 57,900,000 52,800,000 58,600,000             
        impairment related to real estate assets
      		               31,300,000   17,300,000             
        total operating expenses
      		               1,439,300,000 360,900,000 339,100,000 359,800,000             
        income from operations
      		               274,400,000 77,300,000 84,400,000 42,500,000             
        interest income
      		               -5,200,000 -1,700,000 -900,000 -1,200,000             
        other income
      		               30,100,000 500,000 7,500,000 5,100,000             
        income before income taxes
      		               299,300,000 76,100,000 91,000,000 46,400,000             
        benefit from income taxes
      		               36,500,000 -500,000 -3,000,000 1,200,000             
        net income
      		               335,800,000 75,600,000 88,000,000 47,600,000             
        net income per share
      		                               
        basic net income per share
      		               870,000 200,000 230,000 120,000             
        diluted net income per share
      		               850,000 190,000 220,000 120,000             
        weighted-average shares used for eps calculation
      		               388,000,000 385,500,000 388,400,000 398,100,000             
        liabilities and stockholders' (deficit) equity
      		                               
        stockholders' (deficit) equity:
      		                               
        total stockholders' (deficit) equity
      		                -162,600,000 -94,800,000 -83,000,000             
        total liabilities and stockholders' (deficit) equity
      		                3,339,100,000 3,328,100,000 3,307,300,000             
        operating expenses
      		                               
        liabilities and stockholders’ equity
      		                               
        stockholders’ equity:
      		                               
        total stockholders’ equity
      		                   333,800,000 851,300,000 803,400,000 800,400,000 808,400,000 762,600,000 730,200,000 704,900,000 676,800,000 643,400,000 630,900,000 510,200,000 
        total liabilities and stockholders’ equity
      		                   2,387,200,000 2,862,300,000 2,742,300,000 2,717,300,000 2,699,200,000 2,486,600,000 2,364,900,000 2,128,600,000 1,694,100,000 1,623,100,000 1,602,400,000 1,438,700,000 
        capital lease obligation
      		                           73,800,000 80,500,000 87,100,000 92,800,000 
        capital lease obligation, non-current
      		                           89,900,000 82,400,000 73,100,000 77,200,000 
        deferred rent, non-current
      		                           81,000,000 73,400,000 73,600,000 68,900,000 
        convertible preferred stock
      		                               
        preferred stock
      		                               
        common stock
      		                               
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 
                                       
          cash flow from operating activities
        		                               
          net income
        		123,800,000 125,600,000 150,300,000 102,800,000 106,700,000 110,500,000 132,300,000 227,300,000 114,100,000 43,200,000 69,000,000 328,300,000 83,200,000 62,000,000 79,700,000 124,600,000 75,600,000 88,000,000 47,600,000  32,700,000 17,500,000 39,300,000         
          adjustments to reconcile net income to net cash from operating activities:
        		                               
          depreciation and amortization
        		39,600,000 39,000,000 38,100,000 38,200,000 35,300,000 32,400,000 31,400,000 43,000,000 41,800,000 42,700,000 42,500,000 39,600,000 38,900,000 39,200,000 39,400,000 41,100,000 38,800,000 36,800,000 34,700,000 38,800,000 40,900,000 40,100,000 39,500,000 41,000,000 40,600,000 46,100,000 45,800,000 45,200,000 45,700,000 40,000,000 35,900,000 
          stock-based compensation
        		78,600,000 77,700,000 67,100,000 85,700,000 92,300,000 90,500,000 78,000,000 82,900,000 83,800,000 95,300,000 76,000,000 87,300,000 86,100,000 85,000,000 72,300,000 72,500,000 72,800,000 73,900,000 67,900,000 69,400,000 75,700,000 76,600,000 39,800,000 69,300,000 68,200,000 68,100,000 55,600,000 53,500,000 55,000,000 55,100,000 486,500,000 
          net loss on real estate assets
        		0                               
          amortization of debt issuance costs
        		2,400,000 2,400,000 2,300,000 1,400,000 1,100,000 1,000,000 1,100,000 1,000,000 1,100,000 1,100,000 1,000,000 1,100,000 1,000,000 1,100,000 1,000,000 1,000,000 1,100,000 1,000,000 700,000             
          net gain on equity investments
        		                               
          amortization of deferred commissions
        		6,200,000 6,800,000 7,200,000 7,700,000 7,700,000 7,400,000 7,500,000 8,400,000 9,400,000 10,100,000 10,700,000 10,600,000 10,200,000 9,700,000 9,000,000 8,700,000 8,200,000 7,700,000 7,700,000 6,900,000 6,700,000 5,700,000 5,100,000 4,800,000 4,600,000 4,200,000 3,900,000 3,600,000 3,200,000 2,900,000 2,400,000 
          non-cash operating lease expense
        		11,600,000 8,900,000 8,400,000 8,800,000 9,000,000 8,800,000 9,300,000 9,500,000 10,500,000 10,800,000 12,700,000                     
          deferred taxes
        		31,400,000 500,000 1,500,000 -8,600,000 2,700,000 1,000,000 -500,000 26,700,000 4,200,000 4,100,000 3,400,000                     
          other
        		600,000 -4,000,000 -1,900,000 9,000,000 -5,300,000 -1,100,000 1,200,000 -2,900,000 1,800,000 -200,000 700,000 -8,300,000 4,200,000 1,500,000 1,800,000 1,100,000 700,000 -5,300,000 -900,000 -1,700,000 -800,000 -1,300,000 1,200,000 -8,300,000 -700,000 -3,200,000 -4,400,000 -1,000,000 200,000 -500,000 -600,000 
          changes in operating assets and liabilities:
        		                               
          trade and other receivables
        		1,700,000 -2,800,000 -800,000 -2,000,000 -1,500,000 -500,000 1,600,000 -3,900,000 -4,100,000 -2,700,000 -3,800,000 -2,900,000 -4,400,000 -3,000,000 4,800,000 -8,800,000 11,200,000 -1,500,000 -7,100,000 7,400,000 -4,100,000 -7,600,000 -1,200,000 2,000,000 -1,000,000 -3,400,000 -5,100,000 -300,000 2,300,000 -5,500,000 3,600,000 
          prepaid expenses and other current assets
        		-6,700,000 -6,000,000 -15,300,000 5,800,000 10,500,000 -11,000,000 -10,700,000 -17,100,000 -6,400,000 -10,400,000 -7,200,000 -26,400,000 2,600,000 -16,500,000 -9,700,000 -10,600,000 -24,000,000 -11,500,000 -12,300,000 -15,400,000 -1,600,000 -7,700,000 -14,700,000 7,900,000 -7,600,000 -4,300,000 -14,200,000 -600,000 -13,400,000 -32,400,000 -1,500,000 
          other assets
        		700,000 2,700,000 1,700,000 3,100,000 1,300,000 1,100,000 900,000 16,800,000 2,800,000 2,600,000 1,100,000 -80,300,000 18,400,000 26,100,000 26,100,000 -15,500,000 26,900,000 21,200,000 17,900,000 6,600,000 22,300,000 15,300,000 17,800,000 19,400,000 15,600,000 15,000,000 11,200,000 -800,000 7,100,000 -11,800,000 -5,700,000 
          accounts payable
        		800,000 400,000 -3,500,000 -700,000 -2,000,000 6,400,000 -8,200,000 -6,200,000 500,000 7,200,000 -300,000 2,700,000 8,900,000 2,400,000 -1,000,000 2,900,000 -7,500,000 2,100,000 10,100,000 -11,000,000 3,900,000 -5,000,000 -7,800,000 8,800,000 -600,000 3,400,000 -5,200,000 2,200,000 4,600,000 -5,700,000 -2,800,000 
          accrued and other current liabilities
        		6,200,000 -15,900,000 -4,100,000 -12,400,000 5,700,000 -12,500,000 -5,500,000 -11,500,000 -1,700,000 -33,200,000 25,600,000 -4,300,000 -6,800,000 -3,300,000 19,100,000 -37,400,000 11,100,000 -14,600,000 6,300,000 12,900,000 2,000,000 -14,800,000 -9,900,000 13,500,000 -1,000,000 500,000 10,000,000 -300,000 -3,900,000 35,700,000 8,800,000 
          accrued compensation and benefits
        		19,500,000 24,900,000 -65,100,000 15,100,000 22,800,000 24,300,000 -66,300,000 22,600,000 19,900,000 26,500,000 -91,600,000 29,100,000 29,300,000 29,300,000 -94,500,000 30,300,000 30,800,000 33,000,000 -70,600,000 19,800,000 22,200,000 29,400,000 -59,700,000 22,200,000 21,700,000 21,100,000 -45,900,000 17,800,000 18,100,000 15,300,000 -26,200,000 
          deferred revenue
        		-2,300,000 3,900,000 11,700,000 -12,300,000 -2,800,000 0 16,600,000 -9,900,000 200,000 6,600,000 24,700,000 -500,000 6,800,000 -200,000 19,500,000 3,200,000 12,200,000 15,500,000 28,900,000 11,700,000 14,700,000 6,500,000 22,200,000 14,000,000 26,700,000 9,400,000 18,600,000 5,600,000 14,400,000 19,700,000 26,700,000 
          other non-current liabilities
        		1,900,000 700,000 2,400,000 -9,900,000 1,100,000 1,000,000 1,400,000 9,100,000 -3,000,000 -2,900,000 -4,700,000 74,500,000 -35,900,000 -29,500,000 -27,000,000 -21,100,000 -27,600,000 -26,400,000 -34,100,000 -30,300,000 -16,400,000 -9,700,000 -16,500,000 -16,800,000 -18,400,000 -14,000,000 -13,200,000     
          operating lease liabilities
        		-12,700,000 -6,900,000 -10,700,000 -18,200,000 -10,400,000 -13,800,000 -14,600,000 -11,000,000 -19,100,000 -15,400,000 -19,900,000                     
          cash paid for lease termination
        		0 0 -36,000,000 0 0                           
          net cash from operating activities
        		302,100,000 260,500,000 153,800,000 213,800,000 274,200,000 230,600,000 175,500,000 200,300,000 255,900,000 187,600,000 139,900,000 194,600,000 251,400,000 209,900,000 141,400,000 162,700,000 231,500,000 219,900,000 115,700,000 170,700,000 200,900,000 145,900,000 53,300,000 186,800,000 149,700,000 128,800,000 63,200,000 123,700,000 128,000,000 111,900,000 61,800,000 
          cash flow from investing activities
        		                               
          capital expenditures
        		-8,400,000 -2,000,000 -100,000 -3,300,000 -4,100,000 -5,900,000 -9,200,000 -10,000,000 -9,400,000 -3,000,000 -1,900,000 -12,900,000 -6,200,000 -4,000,000 -10,700,000 -1,300,000 -10,000,000 -3,900,000 -6,900,000 -12,300,000 -13,900,000 -26,100,000 -27,800,000 -25,500,000 -47,200,000 -33,700,000 -29,700,000 -35,400,000 -8,000,000 -9,700,000 -9,900,000 
          free cash flows
        		293,700,000 258,500,000 153,700,000 210,500,000 270,100,000 224,700,000 166,300,000 190,300,000 246,500,000 184,600,000 138,000,000 181,700,000 245,200,000 205,900,000 130,700,000 161,400,000 221,500,000 216,000,000 108,800,000 158,400,000 187,000,000 119,800,000 25,500,000 161,300,000 102,500,000 95,100,000 33,500,000 88,300,000 120,000,000 102,200,000 51,900,000 
          purchase of intangible assets
        		0 0 -400,000                             
          business combinations, net of cash acquired
        		-4,700,000   0 -36,700,000           -14,700,000 100,000 0 -125,400,000     -2,300,000 0       
          purchases of short-term investments
        		   0 0 0 -62,300,000 -96,100,000 -64,700,000 -17,000,000 -30,900,000 -131,300,000 -138,400,000 -219,900,000 -81,600,000 -77,800,000 -366,900,000 -179,800,000 -513,900,000 -215,000,000 -111,900,000 -308,700,000 -120,500,000 -192,700,000 -193,000,000 -236,700,000 -153,000,000 -186,100,000 -168,400,000 -315,100,000 -180,800,000 
          proceeds from sales of short-term investments
        		   77,400,000 105,700,000 3,000,000 55,600,000 16,600,000 4,200,000 178,900,000 152,700,000 59,500,000 37,600,000 64,800,000 51,800,000 23,300,000 99,100,000 57,000,000 114,200,000 15,800,000 37,700,000 80,200,000 65,100,000 115,100,000 160,000,000 70,800,000 110,200,000 9,600,000 58,500,000   
          proceeds from maturities of short-term investments
        		25,100,000 21,000,000 30,000,000 30,500,000 76,700,000 82,600,000 123,900,000 55,100,000 77,700,000 41,800,000 77,600,000 49,300,000 100,600,000 101,700,000 137,500,000 100,800,000 83,900,000 134,100,000 129,900,000 164,800,000 83,000,000 71,200,000 67,700,000 58,100,000 75,100,000 95,000,000 66,600,000 110,500,000 85,500,000   
          cash receipts from equipment rebates
        		                               
          net cash from investing activities
        		17,800,000 12,400,000 35,800,000 113,800,000 153,100,000 63,200,000 113,700,000 -22,000,000 10,300,000 206,100,000 200,800,000 -105,100,000 7,500,000 -51,900,000 101,000,000 35,300,000 -182,900,000 21,600,000 -398,800,000 -42,000,000 -2,000,000 -177,900,000 -11,700,000 -41,200,000 -8,300,000 -97,200,000 -173,300,000 -104,800,000 -31,400,000 -304,500,000 -193,100,000 
          cash flow from financing activities
        		                               
          proceeds from term loan facility
        		                               
          payments of debt issuance costs and loan commitment fees
        		-11,500,000 -2,600,000 -3,300,000                             
          principal payments against term loan facility
        		-2,900,000 -2,500,000 -2,500,000                             
          payments for taxes related to net share settlement of restricted stock units and awards
        		-35,800,000 -38,300,000 -39,800,000 -39,500,000 -33,200,000 -34,700,000 -41,300,000 -34,500,000 -34,400,000 -32,100,000 -34,100,000 -28,400,000 -29,600,000 -24,700,000 -36,700,000 -26,600,000 -35,500,000 -26,900,000 -35,800,000             
          proceeds from issuance of common stock, net of taxes withheld
        		0   600,000 200,000 0 100,000 100,000 1,200,000 1,000,000 200,000 100,000 100,000 100,000 200,000 300,000 1,100,000 2,600,000 2,900,000             
          principal payments on finance lease obligations
        		-33,600,000 -34,500,000 -33,800,000 -33,200,000 -32,300,000 -31,800,000 -32,100,000 -31,400,000 -31,300,000 -31,900,000 -32,000,000 -31,500,000 -31,600,000 -32,000,000 -32,400,000 -31,200,000 -28,500,000 -26,100,000 -24,600,000 -24,600,000 -21,500,000 -21,700,000 -21,700,000 -21,100,000 -21,200,000 -24,400,000 -26,200,000     
          common stock repurchases
        		-389,800,000 -410,000,000 -499,100,000 -353,300,000 -348,700,000 -260,200,000 -279,400,000 -106,200,000 -104,100,000 -154,200,000 -175,400,000 -174,300,000 -171,400,000 -189,800,000 -259,900,000 -294,800,000 -181,000,000 -150,800,000 -431,900,000 -220,200,000 -37,500,000 -75,800,000 -64,000,000         
          payment of acquisition-related indemnification holdback
        		                               
          net cash from financing activities
        		-323,600,000 -487,800,000 -578,500,000 523,900,000 -431,100,000 -326,700,000 -352,700,000 -172,000,000 -168,600,000 -217,300,000 -241,300,000 -234,100,000 -232,500,000 -246,400,000 -328,800,000 -352,300,000 -243,900,000 -202,200,000 814,600,000 -269,800,000 -81,700,000 -121,900,000 -104,300,000 -39,400,000 -39,900,000 -46,400,000 -51,000,000 -34,200,000 -64,400,000 34,400,000 365,000,000 
          effect of exchange rate changes on cash, cash equivalents, and restricted cash
        		-1,300,000 9,200,000 3,300,000                             
          change in cash, cash equivalents, and restricted cash
        		-5,000,000 -205,700,000 -385,600,000                             
          cash, cash equivalents, and restricted cash - beginning of period
        		0 0 1,360,500,000                             
          cash, cash equivalents, and restricted cash - end of period
        		-5,000,000 -205,700,000 974,900,000                             
          reconciliation of cash, cash equivalents, and restricted cash to amounts on condensed consolidated balance sheets - end of period
        		                               
          cash and cash equivalents
        		-5,600,000 -205,900,000 942,200,000                             
          restricted cash, current, included in prepaid expenses and other current assets
        		0 500,000 2,300,000                             
          restricted cash, non-current, included in other assets
        		600,000 -300,000 30,400,000                             
          total cash, cash equivalents, and restricted cash
        		-5,000,000 -205,700,000 974,900,000                             
          supplemental cash flow data:
        		                               
          property and equipment acquired under finance leases
        		44,800,000 24,500,000 43,600,000 51,200,000 58,500,000 35,300,000 26,600,000 50,600,000 26,200,000 33,400,000 34,500,000 53,300,000 18,400,000 14,400,000 19,700,000 16,200,000 43,800,000 43,300,000 24,000,000  41,500,000 29,700,000 34,700,000  31,600,000 35,500,000 39,900,000     
          net loss on equity investments
        		 0 500,000                             
          tenant improvement allowance reimbursement
        		       1,000,000    500,000 4,900,000 2,400,000 900,000 2,300,000 1,200,000 0 1,600,000 3,200,000 2,700,000 7,400,000 9,200,000 9,900,000 16,900,000 14,700,000 13,800,000     
          proceeds from sales of equity investments
        		           0                    
          payments of debt issuance costs
        		       0 0       0 0 -1,000,000 -22,700,000             
          reconciliation of cash, cash equivalents, and restricted cash to amounts on consolidated balance sheets - end of period
        		                               
          restricted cash, current included in prepaid expenses and other current assets
        		                               
          restricted cash, non-current included in other assets
        		                               
          cash paid during the period for:
        		                               
          interest
        		                               
          income taxes
        		                               
          non-cash investing and financing activities:
        		                               
          property and equipment received and accrued in accounts payable and accrued liabilities
        		                               
          payment of acquisition-related holdback
        		                               
          effect of exchange rate changes on cash and cash equivalents
        		    6,300,000 -900,000 -2,500,000 4,300,000 -3,600,000 1,200,000 500,000 5,400,000 -6,500,000 -5,000,000 -1,100,000 -1,600,000 -1,100,000 500,000 -900,000 3,300,000 1,400,000 1,600,000 -2,200,000 1,900,000 -1,900,000 -800,000 1,000,000 -1,600,000 -100,000 -3,000,000 1,600,000 
          change in cash and cash equivalents
        		    2,500,000 -33,800,000 -66,000,000 10,600,000 94,000,000 177,600,000 99,900,000 -139,200,000 19,900,000 -93,400,000 -87,500,000 -155,900,000 -196,400,000 39,800,000 530,600,000 -137,800,000 118,600,000 -152,300,000 -64,900,000 108,100,000 99,600,000 -15,600,000 -160,100,000 -16,900,000 32,100,000 -161,200,000 235,300,000 
          cash and cash equivalents - beginning of period
        		    0 0 614,900,000 0 0 0 232,800,000  0 0 533,000,000  0 0 314,900,000  0 0 551,300,000         
          cash and cash equivalents - end of period
        		    2,500,000 -33,800,000 548,900,000 10,600,000 94,000,000 177,600,000 332,700,000  19,900,000 -93,400,000 445,500,000  -196,400,000 39,800,000 845,500,000  118,600,000 -152,300,000 486,400,000         
          net gains on equity investments
        		           0 0       0 0 -6,500,000 -11,000,000  1,700,000       
          proceeds from issuance of convertible senior notes
        		               0 0 0 1,389,100,000             
          purchases of convertible note hedge in connection with issuance of convertible senior notes
        		               0 0 0 -265,300,000             
          proceeds from sale of warrants in connection with issuance of convertible senior notes
        		               0 0 0 202,900,000             
          impairment related to real estate assets
        		        0   162,500,000 4,000,000   14,000,000 0 0 17,300,000             
          cash flows from operating activities
        		                               
          adjustments to reconcile net loss to net cash from operating activities:
        		                               
          net gains on lease termination
        		                               
          cash flows from investing activities
        		                               
          cash flows from financing activities
        		                               
          cash and cash equivalents—beginning of period
        		                         0 519,300,000 0 0 0 430,000,000 
          cash and cash equivalents—end of period
        		                         -15,600,000 359,200,000 -16,900,000 32,100,000 -161,200,000 665,300,000 
          net loss
        		                       -6,600,000 -17,000,000 -21,400,000 -7,700,000 -9,500,000 -5,800,000 -4,100,000 -465,500,000 
          proceeds from initial public offering and private placement, net of underwriters' discounts and commissions
        		                           0 0 108,400,000 638,200,000 
          payments of deferred offering costs
        		                           0 -1,100,000 -2,500,000 -900,000 
          shares withheld related to net share settlement
        		                               
          proceeds from issuance of common stock, net of repurchases
        		                   700,000 100,000 800,000 700,000 200,000 0 1,100,000 900,000 16,400,000    
          shares repurchased for tax withholdings on release of restricted stock units and awards
        		                    -22,500,000           
          shares repurchased for tax withholdings on release of restricted stock
        		                      -18,900,000 -18,300,000 -19,000,000 -22,600,000 -25,500,000 -25,200,000 -44,300,000 -41,200,000 -241,200,000 
          donation of common stock to charitable foundation
        		                               
          cash paid for business combinations, net of cash acquired
        		                          -172,100,000     
          non-current liabilities
        		                           8,300,000 500,000 3,200,000 200,000 
          principal payments on capital lease obligations
        		                               
          principal payments against note payable
        		                               
          proceeds from sale-leaseback agreement
        		                               
          fees paid for revolving credit facility
        		                               
          purchases of intangible assets
        		                            -400,000 0 -2,500,000 
          cash received from equipment rebates
        		                            1,400,000 800,000 100,000 
          principal payments against capital lease obligations
        		                            -25,800,000 -28,500,000 -29,800,000 
          property and equipment acquired under capital leases
        		                            28,500,000 18,700,000 25,500,000