DocuSign, Inc(NASDAQ:DOCU) 
DocuSign, Inc. provides cloud based software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insig...
Website: http://www.docusign.com
Founded: 2003
IPO Price: $38 (Apr 27, 2018)
Full Time Employees: 6,945 (Oct 2023)
Co-Founder: Tom Gonser
CEO: Allan C. Thygesen
Sector: Technology
Industry: Software-Application
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At a glance:
- Dominant Market Position in E-Signature: DocuSign remains the leading provider of electronic signature solutions, a foundational component for digital transformation across a wide range of industries and business sizes.
- Strong Focus on Profitability and Efficiency: The company has shifted its strategic emphasis towards improving operating margins and achieving sustainable profitability, demonstrating a commitment to financial discipline over pure growth.
- Consistent Positive Free Cash Flow Generation: DocuSign has successfully transitioned to consistently generating positive free cash flow, indicating improved operational efficiency and a healthier financial profile.
- Expanding Beyond Core E-Signature with Agreement Cloud: While e-signature is core, DocuSign is actively developing and promoting its broader 'Agreement Cloud' platform to manage the entire agreement lifecycle, aiming to increase customer value and expand its total addressable market.
Bull Thesis:
- Continued Market Leadership and Brand Dominance: DocuSign remains the undisputed leader in the e-signature market, benefiting from strong brand recognition, a vast installed base, and significant network effects. This leadership position provides a competitive moat, high switching costs for enterprise clients, and potential pricing power.
- Expanding into Higher-Value CLM and Agreement Cloud: DocuSign's strategic pivot and investment into Contract Lifecycle Management (CLM) and the broader Agreement Cloud suite offers a substantial opportunity to expand its total addressable market (TAM) beyond e-signatures. This move aims to increase customer stickiness, average revenue per user (ARPU), and provide a more comprehensive solution for managing the entire agreement process.
- Demonstrating Improved Profitability and Free Cash Flow Generation: Recent financial results indicate a strong focus on operational efficiency, cost management, and disciplined growth. This has led to significant improvements in non-GAAP operating margins and robust free cash flow generation, signaling a maturing and financially healthier business capable of self-funding future growth.
- Sticky Enterprise Customer Base and High Retention Rates: DocuSign's deep integration into enterprise workflows and critical business processes creates high switching costs for its large corporate clients. This ensures a stable, recurring revenue stream and strong customer retention rates, providing a predictable foundation for future financial performance.
Bear Thesis:
- Intensifying Competition and E-signature Commoditization: The e-signature market is becoming increasingly competitive with players like Adobe Sign, PandaDoc, and others, some of whom bundle e-signature with broader software suites. This could lead to price pressure and commoditization of the core e-signature offering, potentially eroding DocuSign's margins and market share.
- Slowing Core E-signature Growth Post-Pandemic Normalization: The accelerated adoption of e-signatures during the pandemic has normalized, leading to a deceleration in core e-signature growth rates. Future growth may be harder to achieve as the market matures and becomes more saturated, requiring DocuSign to rely more heavily on new product adoption.
- Challenges in CLM Execution and Adoption: While CLM offers a large TAM, DocuSign faces significant challenges in effectively cross-selling and integrating its CLM solutions. The CLM market is highly competitive and complex, requiring longer sales cycles, specialized expertise, and robust implementation, which may hinder rapid adoption and revenue contribution.
- Macroeconomic Headwinds Impacting Enterprise Software Spending: A challenging macroeconomic environment, characterized by inflation, higher interest rates, and potential recessionary pressures, could lead enterprises to cut back on software spending. This could impact DocuSign's new customer acquisition, expansion opportunities, and overall revenue growth.
Main Competitors:
- Adobe Inc. ($ADBE) (Adobe Sign (part of Adobe Document Cloud)), Adobe Sign is a direct and formidable competitor in the e-signature market, leveraging Adobe's dominant position in PDF and document management. It offers robust e-signature capabilities integrated within the broader Adobe Document Cloud ecosystem, appealing to businesses already using Adobe products for document creation, editing, and workflow.
- PandaDoc Inc. (PandaDoc Platform (e-signatures, proposals, quotes, contract management)), PandaDoc competes by offering a more comprehensive document workflow solution beyond just e-signatures. It integrates document creation, proposals, quotes, e-signatures, and contract management into a single platform, often appealing to sales teams and SMBs looking for an all-in-one solution for their sales and legal documents.
- Dropbox, Inc. ($DBX) (Dropbox Sign (formerly HelloSign)), Dropbox Sign (formerly HelloSign) is a strong competitor in the e-signature space, particularly known for its user-friendly interface, robust API, and seamless integration with Dropbox's cloud storage ecosystem. It targets businesses and developers looking for reliable e-signature solutions that can be easily embedded into existing workflows and applications.
- Salesforce, Inc. ($CRM) (Salesforce Sales Cloud, Service Cloud, and acquired CLM solutions (e.g., Conga)), Salesforce competes in the broader agreement lifecycle management space, particularly for enterprise clients. Through its core CRM platform and strategic acquisitions (like Conga, a leading CLM provider), Salesforce offers solutions for contract generation, negotiation, and management, often integrating e-signature capabilities from partners or its own ecosystem, aiming to provide an end-to-end solution for sales and customer agreements.
Moat:
DocuSign's primary moat lies in its strong brand recognition, market leadership in e-signatures, and the network effect of its widely accepted and legally compliant platform. Its early mover advantage and extensive integrations have made it a standard in many industries. However, competition is intensifying from several fronts: direct e-signature rivals like Adobe Sign and Dropbox Sign leverage existing user bases or strong platform integrations; integrated workflow providers such as PandaDoc offer more comprehensive solutions that bundle e-signatures with document generation and CLM; and enterprise CLM specialists and platforms like Salesforce (via Conga) focus on the broader, more complex contract lifecycle management for large enterprises. DocuSign's challenge is to continue innovating beyond just e-signatures, proving the value of its broader Agreement Cloud, while defending its core e-signature business against well-funded and integrated competitors.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||||||||||||||
subscription | 800,958,000 | 784,388,000 | 746,202,000 | 757,767,000 | 734,693,000 | 717,366,000 | 691,483,000 | 695,682,000 | 682,352,000 | 669,367,000 | 639,307,000 | 643,677,000 | 624,055,000 | 605,194,000 | 569,251,000 | 564,006,000 | 528,573,000 | 492,758,000 | 451,935,000 | 410,215,000 | 366,617,000 | 323,643,000 | 280,922,000 | 258,122,000 | 238,072,000 | 220,811,000 | 201,458,000 | 187,572,000 | 169,426,000 | 158,461,000 | 148,198,000 |
professional services and other | 17,392,000 | 16,248,000 | 17,452,000 | 18,485,000 | 20,127,000 | 18,661,000 | 18,157,000 | 16,704,000 | 18,069,000 | 18,320,000 | 22,081,000 | 15,899,000 | 21,408,000 | 16,990,000 | 19,441,000 | 16,822,000 | 16,890,000 | 19,086,000 | 17,143,000 | 20,683,000 | 16,306,000 | 18,566,000 | 16,095,000 | 16,773,000 | 11,430,000 | 14,801,000 | 12,504,000 | 12,160,000 | 8,959,000 | 8,583,000 | 7,610,000 |
total revenue | 818,350,000 | 800,636,000 | 763,654,000 | 776,252,000 | 754,820,000 | 736,027,000 | 709,640,000 | 712,386,000 | 700,421,000 | 687,687,000 | 661,388,000 | 659,576,000 | 645,463,000 | 622,184,000 | 588,692,000 | 580,828,000 | 545,463,000 | 511,844,000 | 469,078,000 | 430,898,000 | 382,923,000 | 342,209,000 | 297,017,000 | 274,895,000 | 249,502,000 | 235,612,000 | 213,962,000 | 199,732,000 | 178,385,000 | 167,044,000 | 155,808,000 |
yoy | 8.42% | 8.78% | 7.61% | 8.97% | 7.77% | 7.03% | 7.30% | 8.01% | 8.51% | 10.53% | 12.35% | 13.56% | 18.33% | 21.56% | 25.50% | 34.79% | 42.45% | 49.57% | 57.93% | 56.75% | 53.47% | 45.24% | 38.82% | 37.63% | 39.87% | 41.05% | 37.32% | ||||
qoq | 2.21% | 4.84% | -1.62% | 2.84% | 2.55% | 3.72% | -0.39% | 1.71% | 1.85% | 3.98% | 0.27% | 2.19% | 3.74% | 5.69% | 1.35% | 6.48% | 6.57% | 9.12% | 8.86% | 12.53% | 11.90% | 15.22% | 8.05% | 10.18% | 5.90% | 10.12% | 7.12% | 11.97% | 6.79% | 7.21% | |
cost of revenue: | |||||||||||||||||||||||||||||||
total cost of revenue | 170,546,000 | 165,463,000 | 157,269,000 | 160,211,000 | 156,537,000 | 155,465,000 | 149,446,000 | 147,907,000 | 142,645,000 | 145,582,000 | 136,487,000 | 137,426,000 | 129,542,000 | 136,704,000 | 132,416,000 | 131,454,000 | 115,975,000 | 113,780,000 | 105,242,000 | 101,580,000 | 97,831,000 | 90,615,000 | 74,032,000 | 68,075,000 | 61,964,000 | 61,176,000 | 52,019,000 | 52,693,000 | 45,073,000 | 36,361,000 | 58,294,000 |
gross profit | 647,804,000 | 635,173,000 | 606,385,000 | 616,041,000 | 598,283,000 | 580,562,000 | 560,194,000 | 564,479,000 | 557,776,000 | 542,105,000 | 524,901,000 | 522,150,000 | 515,921,000 | 485,480,000 | 456,276,000 | 449,374,000 | 429,488,000 | 398,064,000 | 363,836,000 | 329,318,000 | 285,092,000 | 251,594,000 | 222,985,000 | 206,820,000 | 187,538,000 | 174,436,000 | 161,943,000 | 147,039,000 | 133,312,000 | 130,683,000 | 97,514,000 |
yoy | 8.28% | 9.41% | 8.25% | 9.13% | 7.26% | 7.09% | 6.72% | 8.11% | 8.11% | 11.66% | 15.04% | 16.19% | 20.12% | 21.96% | 25.41% | 36.46% | 50.65% | 58.22% | 63.17% | 59.23% | 52.02% | 44.23% | 37.69% | 40.66% | 40.68% | 33.48% | 66.07% | ||||
qoq | 1.99% | 4.75% | -1.57% | 2.97% | 3.05% | 3.64% | -0.76% | 1.20% | 2.89% | 3.28% | 0.53% | 1.21% | 6.27% | 6.40% | 1.54% | 4.63% | 7.89% | 9.41% | 10.48% | 15.51% | 13.31% | 12.83% | 7.82% | 10.28% | 7.51% | 7.71% | 10.14% | 10.30% | 2.01% | 34.01% | |
gross margin % | 79.16% | 79.33% | 79.41% | 79.36% | 79.26% | 78.88% | 78.94% | 79.24% | 79.63% | 78.83% | 79.36% | 79.16% | 79.93% | 78.03% | 77.51% | 77.37% | 78.74% | 77.77% | 77.56% | 76.43% | 74.45% | 73.52% | 75.07% | 75.24% | 75.16% | 74.04% | 75.69% | 73.62% | 74.73% | 78.23% | 62.59% |
operating expenses: | |||||||||||||||||||||||||||||||
sales and marketing | 296,516,000 | 305,450,000 | 296,413,000 | 301,288,000 | 290,597,000 | 287,464,000 | 281,644,000 | 300,221,000 | 292,473,000 | 294,838,000 | 280,605,000 | 304,649,000 | 313,783,000 | 323,582,000 | 300,697,000 | 299,417,000 | 275,619,000 | 262,372,000 | 239,119,000 | 221,896,000 | 209,944,000 | 194,992,000 | 171,793,000 | 161,326,000 | 149,231,000 | 150,886,000 | 129,936,000 | 127,691,000 | 117,051,000 | 103,779,000 | 191,085,000 |
research and development | 167,626,000 | 169,630,000 | 159,447,000 | 155,463,000 | 151,101,000 | 147,571,000 | 134,320,000 | 151,524,000 | 136,640,000 | 135,960,000 | 115,364,000 | 125,891,000 | 115,934,000 | 126,532,000 | 112,227,000 | 110,692,000 | 102,603,000 | 94,651,000 | 85,416,000 | 80,135,000 | 73,362,000 | 63,791,000 | 54,234,000 | 52,094,000 | 48,758,000 | 47,517,000 | 37,183,000 | 42,921,000 | 38,404,000 | 33,773,000 | 70,870,000 |
general and administrative | 98,307,000 | 94,866,000 | 90,270,000 | 98,821,000 | 97,555,000 | 87,129,000 | 92,478,000 | 102,711,000 | 108,215,000 | 103,884,000 | 104,811,000 | 91,641,000 | 85,553,000 | 76,456,000 | 62,578,000 | 64,443,000 | 54,624,000 | 63,652,000 | 50,038,000 | 52,184,000 | 50,256,000 | 51,446,000 | 38,811,000 | 35,753,000 | 33,546,000 | 40,755,000 | 37,261,000 | 39,055,000 | 36,274,000 | 30,851,000 | 103,117,000 |
restructuring and other related charges | 597,000 | 29,124,000 | 88,000 | 710,000 | 811,000 | 28,772,000 | 253,000 | 28,082,000 | |||||||||||||||||||||||
total operating expenses | 562,449,000 | 569,946,000 | 546,130,000 | 555,572,000 | 539,253,000 | 522,761,000 | 537,566,000 | 554,544,000 | 538,038,000 | 535,493,000 | 529,552,000 | 522,434,000 | 543,352,000 | 526,570,000 | 475,502,000 | 474,552,000 | 432,846,000 | 420,675,000 | 374,573,000 | 354,215,000 | 333,562,000 | 310,229,000 | 264,838,000 | 249,173,000 | 231,535,000 | ||||||
income from operations | 85,355,000 | 65,227,000 | 60,255,000 | 60,469,000 | 59,030,000 | 57,801,000 | 22,628,000 | 9,935,000 | 19,738,000 | 6,612,000 | -4,651,000 | -284,000 | -27,431,000 | -41,090,000 | -19,226,000 | -25,178,000 | -3,358,000 | -22,611,000 | -10,737,000 | -24,897,000 | -48,470,000 | -58,635,000 | -41,853,000 | -42,353,000 | -43,997,000 | -64,722,000 | -42,437,000 | -62,628,000 | -58,417,000 | -37,720,000 | -267,558,000 |
yoy | 44.60% | 12.85% | 166.29% | 508.65% | 199.07% | 774.18% | -586.52% | -3598.24% | -171.96% | -116.09% | -75.81% | -98.87% | 716.89% | 81.73% | 79.06% | 1.13% | -93.07% | -61.44% | -74.35% | -41.22% | 10.17% | -9.40% | -1.38% | -32.37% | -24.68% | 71.59% | -84.14% | ||||
qoq | 30.86% | 8.25% | -0.35% | 2.44% | 2.13% | 155.44% | 127.76% | -49.67% | 198.52% | -242.16% | 1537.68% | -98.96% | -33.24% | 113.72% | -23.64% | 649.79% | -85.15% | 110.59% | -56.87% | -48.63% | -17.34% | 40.10% | -1.18% | -3.74% | -32.02% | 52.51% | -32.24% | 7.21% | 54.87% | -85.90% | |
operating margin % | 10.43% | 8.15% | 7.89% | 7.79% | 7.82% | 7.85% | 3.19% | 1.39% | 2.82% | 0.96% | -0.70% | -0.04% | -4.25% | -6.60% | -3.27% | -4.33% | -0.62% | -4.42% | -2.29% | -5.78% | -12.66% | -17.13% | -14.09% | -15.41% | -17.63% | -27.47% | -19.83% | -31.36% | -32.75% | -22.58% | -171.72% |
interest expense | -654,000 | -828,000 | -478,000 | -400,000 | -462,000 | -544,000 | -144,000 | -1,709,000 | -1,577,000 | -1,592,000 | -1,966,000 | -1,652,000 | -1,456,000 | -1,632,000 | -1,649,000 | -1,617,000 | -1,485,000 | -1,669,000 | -1,672,000 | -7,786,000 | -7,769,000 | -7,684,000 | -7,560,000 | -7,461,000 | -7,364,000 | -7,273,000 | -7,156,000 | -7,101,000 | -3,503,000 | -47,000 | -193,000 |
interest income and other income | 10,828,000 | 12,061,000 | 14,013,000 | 7,818,000 | 13,006,000 | 14,630,000 | 14,109,000 | 21,516,000 | 17,673,000 | 17,455,000 | 12,245,000 | 7,366,000 | 820,000 | 1,003,000 | -4,650,000 | -2,621,000 | -940,000 | -1,063,000 | 6,037,000 | 2,882,000 | -311,000 | 2,601,000 | 3,742,000 | 3,658,000 | 5,801,000 | 4,531,000 | 5,217,000 | 4,794,000 | 3,395,000 | ||
income before provision for income taxes | 95,529,000 | 76,460,000 | 73,790,000 | 67,887,000 | 71,574,000 | 71,887,000 | 36,593,000 | 29,742,000 | 35,834,000 | 22,475,000 | 5,628,000 | 5,430,000 | -28,067,000 | -41,719,000 | -25,525,000 | -29,416,000 | -5,783,000 | -25,343,000 | -6,372,000 | -63,553,000 | -56,550,000 | -63,718,000 | -45,671,000 | -46,156,000 | -45,560,000 | -67,464,000 | -44,376,000 | -64,935,000 | -58,525,000 | -34,769,000 | -269,979,000 |
provision for income taxes | 11,804,000 | 13,490,000 | 1,703,000 | -15,604,000 | 9,151,000 | -816,324,000 | 2,833,000 | 2,501,000 | -2,971,000 | 15,080,000 | 5,089,000 | 567,000 | 1,799,000 | 3,359,000 | 1,848,000 | 1,029,000 | -107,000 | 158,000 | 1,982,000 | 8,859,000 | 1,941,000 | 842,000 | 2,133,000 | 1,251,000 | 1,038,000 | 1,168,000 | 1,346,000 | 1,309,000 | -5,712,000 | 1,945,000 | 708,000 |
net income | 83,725,000 | 62,970,000 | 72,087,000 | 83,491,000 | 62,423,000 | 888,211,000 | 33,760,000 | 27,241,000 | 38,805,000 | 7,395,000 | 539,000 | 4,863,000 | -29,866,000 | -45,078,000 | -27,373,000 | -30,445,000 | -5,676,000 | -25,501,000 | -8,354,000 | -72,412,000 | -58,491,000 | -64,560,000 | -47,804,000 | -47,407,000 | -46,598,000 | -68,632,000 | -45,722,000 | -66,244,000 | -52,813,000 | -36,714,000 | -270,687,000 |
yoy | 34.13% | -92.91% | 113.53% | 206.49% | 60.86% | 11910.97% | 6163.45% | 460.17% | -229.93% | -116.40% | -101.97% | -115.97% | 426.18% | 76.77% | 227.66% | -57.96% | -90.30% | -60.50% | -82.52% | 52.75% | 25.52% | -5.93% | 4.55% | -28.44% | -11.77% | 86.94% | -83.11% | ||||
qoq | 32.96% | -12.65% | -13.66% | 33.75% | -92.97% | 2530.96% | 23.93% | -29.80% | 424.75% | 1271.99% | -88.92% | -116.28% | -33.75% | 64.68% | -10.09% | 436.38% | -77.74% | 205.25% | -88.46% | 23.80% | -9.40% | 35.05% | 0.84% | 1.74% | -32.10% | 50.11% | -30.98% | 25.43% | 43.85% | -86.44% | |
net income margin % | 10.23% | 7.86% | 9.44% | 10.76% | 8.27% | 120.68% | 4.76% | 3.82% | 5.54% | 1.08% | 0.08% | 0.74% | -4.63% | -7.25% | -4.65% | -5.24% | -1.04% | -4.98% | -1.78% | -16.80% | -15.27% | -18.87% | -16.09% | -17.25% | -18.68% | -29.13% | -21.37% | -33.17% | -29.61% | -21.98% | -173.73% |
net income per share | 0.02 | -0.15 | -0.22 | -0.14 | -0.16 | -0.03 | -0.13 | -0.04 | -0.39 | -0.31 | -0.35 | -0.26 | -0.26 | -0.26 | -0.39 | -0.27 | -0.26 | -0.31 | -0.22 | -7.46 | |||||||||||
basic | 0.41 | 0.31 | 0.35 | 0.42 | 0.31 | 4.34 | 0.16 | 0.13 | 0.19 | 0.04 | |||||||||||||||||||||
diluted | 0.4 | 0.3 | 0.34 | 0.39 | 0.3 | 4.26 | 0.16 | 0.13 | 0.19 | 0.04 | |||||||||||||||||||||
weighted-average shares used for eps calculation | |||||||||||||||||||||||||||||||
basic | 201,954 | 202,644 | 203,280 | 204,329 | 203,567 | 204,604 | 205,870 | 204,070 | 204,456 | 203,703 | 202,631 | ||||||||||||||||||||
diluted | 208,069 | 210,956 | 212,812 | 210,339 | 208,706 | 208,274 | 209,896 | 208,950 | 208,054 | 208,192 | 208,071 | ||||||||||||||||||||
comprehensive income: | |||||||||||||||||||||||||||||||
foreign currency translation gain, net of tax | 3,179 | 2,738 | 9,949 | -1,258.25 | 285 | -1,017 | -4,301 | 2,075 | 431 | -11,825 | -1,535.5 | -4,720 | -2,058 | 636 | 278 | -2,413 | 8,714 | -85 | 1,336 | ||||||||||||
unrealized gains on investments, net of tax | 854 | -645 | 256 | -76 | 581 | 1,379 | -1,249 | 1,858 | 1,078 | 306 | 648 | -54 | -242 | -252 | -825 | 87 | 159 | 278.5 | 418 | 358 | 338 | ||||||||||
other comprehensive income | 4,033 | 2,093 | 10,205 | -4,694 | 866 | 362 | -5,550 | 2,381 | 1,079 | -14,239 | -2,920 | -5,135 | -2,112 | 394 | 6,104 | -3,238 | 8,801 | 193.5 | 1,754 | 313 | |||||||||||
comprehensive income | 87,758 | 65,063 | 82,292 | 78,797 | 63,289 | 888,573 | 28,210 | 36,368 | 29,854 | 9,776 | 1,618 | ||||||||||||||||||||
stock-based compensation expense included in costs and expenses: | |||||||||||||||||||||||||||||||
cost of revenue—subscription | 15,018 | 14,425 | 12,996 | 13,712 | 14,862 | 15,593 | 14,181 | 13,517 | 13,705 | 13,081 | 11,357 | 11,644 | 11,665 | 12,994 | 10,613 | 9,500 | 8,095 | 7,539 | 6,018 | 6,138 | 5,777 | 5,014 | 3,864 | 2,232.75 | 3,534 | 3,115 | 2,282 | 3,485.25 | 2,398 | 1,588 | 9,955 |
cost of revenue—professional services and other | 3,992 | 4,167 | 3,908 | 4,174 | 4,765 | 4,998 | 4,702 | 6,977 | 7,343 | 7,286 | 6,730 | 7,431 | 6,767 | 6,478 | 5,082 | 8,097 | 7,270 | 6,446 | 5,535 | 6,510 | 6,005 | 5,225 | 4,125 | ||||||||
foreign currency translation loss, net of tax | -1,880.75 | -10,029 | -5,910.25 | -6,787 | -5,029 | -5,189 | |||||||||||||||||||||||||
other comprehensive loss | -1,372.75 | -8,951 | -7,358.75 | -9,798 | -5,398 | -5,030 | -1,293 | ||||||||||||||||||||||||
other comprehensive income: | |||||||||||||||||||||||||||||||
weighted-average number of shares used in computing net income per share attributable to common stockholders: | |||||||||||||||||||||||||||||||
basic | 201,954 | 202,644 | 203,280 | 204,329 | 203,567 | 204,604 | 205,870 | 204,070 | 204,456 | 203,703 | 202,631 | ||||||||||||||||||||
diluted | 208,069 | 210,956 | 212,812 | 210,339 | 208,706 | 208,274 | 209,896 | 208,950 | 208,054 | 208,192 | 208,071 | ||||||||||||||||||||
net income per share | 0.02 | -0.15 | -0.22 | -0.14 | -0.16 | -0.03 | -0.13 | -0.04 | -0.39 | -0.31 | -0.35 | -0.26 | -0.26 | -0.26 | -0.39 | -0.27 | -0.26 | -0.31 | -0.22 | -7.46 | |||||||||||
weighted-average number of shares used in computing net loss per share attributable to common stockholders, basic and diluted | 200,903 | 201,393 | 200,618 | 199,666 | 196,675 | 197,597 | 195,996 | 194,342 | 185,760 | 186,423 | 184,862 | 182,978 | 176,704 | 178,314 | 175,389 | 172,101 | 135,163 | 167,736 | 166,083,686 | 36,334,395 | |||||||||||
other comprehensive loss: | |||||||||||||||||||||||||||||||
unrealized losses on investments, net of tax | 2,943 | -3,011 | -369 | -2,414 | -177.75 | -415 | |||||||||||||||||||||||||
comprehensive loss | 16,111 | -39,664 | -50,476 | -41,612 | -33,365 | -10,811 | -27,613 | -7,960 | -66,308 | -61,729 | -55,759 | -52,834 | -40,044.5 | -44,844 | -68,319 | -47,015 | -91,777.5 | -54,296 | -39,799 | -273,015 | |||||||||||
stock-based compensation expense included in costs and expenses | |||||||||||||||||||||||||||||||
cost of revenue—professional services | 2,969.25 | 3,616 | 4,821 | 3,440 | 5,611.25 | 3,578 | 2,822 | 16,045 | |||||||||||||||||||||||
total expenses | 239,158,000 | 204,380,000 | 209,667,000 | 191,729,000 | 168,403,000 | 365,072,000 | |||||||||||||||||||||||||
foreign currency translation losses, net of tax | -45 | -1,631 | |||||||||||||||||||||||||||||
foreign currency translation gains, net of tax | -1,724 | -1,483 | -3,085 | -2,328 | |||||||||||||||||||||||||||
interest and other income | 2,998,000 | ||||||||||||||||||||||||||||||
interest income and other (expense) | -2,228,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||
cash and cash equivalents | 583,291,000 | 599,986,000 | 657,399,000 | 648,623,000 | 610,870,000 | 619,064,000 | 817,388,000 | 797,060,000 | 1,188,578,000 | 1,017,778,000 | 940,494,000 | 721,895,000 | 632,620,000 | 637,186,000 | 638,190,000 | 509,059,000 | 503,884,000 | 518,577,000 | 518,972,000 | 566,055,000 | 374,984,000 | 404,262,000 | 442,237,000 | 241,203,000 | 197,697,000 | 224,290,000 | 236,476,000 | 1,094,133,000 | 818,795,000 | 269,429,000 | |
investments—current | 256,580,000 | 244,469,000 | 291,293,000 | 314,924,000 | 331,506,000 | 319,289,000 | 269,400,000 | 248,402,000 | 401,639,000 | 426,271,000 | 350,763,000 | 309,771,000 | 342,730,000 | 357,539,000 | 329,425,000 | 293,763,000 | 314,574,000 | 304,292,000 | 261,660,000 | 207,450,000 | 223,590,000 | 269,777,000 | 315,712,000 | 414,939,000 | 456,080,000 | 525,963,000 | 515,648,000 | ||||
accounts receivable | 354,978,000 | 356,943,000 | 307,597,000 | 429,582,000 | 300,444,000 | 309,885,000 | 306,152,000 | 439,299,000 | 360,456,000 | 414,740,000 | 408,632,000 | 516,914,000 | 422,612,000 | 339,528,000 | 300,872,000 | 440,950,000 | 305,599,000 | 284,730,000 | 250,365,000 | 323,570,000 | 261,085,000 | 224,502,000 | 220,602,000 | 237,841,000 | 159,464,000 | 138,652,000 | 117,134,000 | 130,611,000 | 108,365,000 | 104,128,000 | |
contract assets—current | 8,978,000 | 9,892,000 | 9,585,000 | 13,764,000 | 13,645,000 | 13,449,000 | 12,319,000 | 15,922,000 | 19,381,000 | 16,188,000 | 17,454,000 | 12,437,000 | 13,609,000 | 9,387,000 | 13,368,000 | 12,588,000 | 14,690,000 | 13,993,000 | 15,267,000 | 16,883,000 | 22,477,000 | 17,044,000 | 13,236,000 | 12,502,000 | 17,921,000 | 15,548,000 | 13,360,000 | 12,056,000 | 13,760,000 | 12,030,000 | |
prepaid expenses and other current assets | 103,328,000 | 107,760,000 | 111,204,000 | 82,368,000 | 75,412,000 | 81,693,000 | 84,540,000 | 66,984,000 | 72,629,000 | 81,492,000 | 86,719,000 | 69,987,000 | 68,814,000 | 79,142,000 | 80,669,000 | 63,236,000 | 67,842,000 | 61,197,000 | 65,172,000 | 48,390,000 | 47,343,000 | 52,158,000 | 51,176,000 | 37,125,000 | |||||||
total current assets | 1,307,155,000 | 1,319,050,000 | 1,377,078,000 | 1,489,261,000 | 1,331,877,000 | 1,343,380,000 | 1,489,799,000 | 1,567,667,000 | 2,042,683,000 | 1,956,469,000 | 1,804,062,000 | 1,631,004,000 | 1,480,385,000 | 1,422,782,000 | 1,362,524,000 | 1,319,596,000 | 1,206,589,000 | 1,182,789,000 | 1,111,436,000 | 1,162,348,000 | 929,760,000 | 968,023,000 | 1,043,243,000 | 943,890,000 | 869,390,000 | 943,493,000 | 922,126,000 | 1,265,511,000 | 968,063,000 | 415,733,000 | |
investments—noncurrent | 208,529,000 | 208,864,000 | 160,139,000 | 134,105,000 | 112,805,000 | 102,537,000 | 139,108,000 | 121,977,000 | 55,448,000 | 85,202,000 | 120,803,000 | 186,049,000 | 129,783,000 | 133,238,000 | 94,751,000 | 94,938,000 | 89,455,000 | 64,088,000 | 94,930,000 | 92,717,000 | 76,782,000 | 66,265,000 | 140,117,000 | 239,729,000 | 257,783,000 | 180,146,000 | 184,683,000 | ||||
property and equipment | 343,636,000 | 327,953,000 | 310,150,000 | 299,370,000 | 278,623,000 | 265,544,000 | 255,736,000 | 245,173,000 | 230,963,000 | 220,916,000 | 206,026,000 | 199,892,000 | 196,127,000 | 186,229,000 | 183,704,000 | 184,664,000 | 177,832,000 | 173,983,000 | 164,128,000 | 165,039,000 | 159,652,000 | 150,646,000 | 134,811,000 | 128,293,000 | 105,917,000 | 92,078,000 | 84,094,000 | 73,965,000 | 60,415,000 | 60,095,000 | |
operating lease right-of-use assets | 133,183,000 | 109,953,000 | 115,412,000 | 109,630,000 | 113,365,000 | 117,877,000 | 119,997,000 | 123,188,000 | 126,198,000 | 131,341,000 | 135,403,000 | 141,493,000 | 92,155,000 | 100,481,000 | 116,589,000 | 126,021,000 | 132,608,000 | 140,589,000 | 152,185,000 | 159,352,000 | 160,362,000 | 168,313,000 | 161,484,000 | 149,833,000 | 136,627,000 | 137,292,000 | 143,361,000 | ||||
goodwill | 457,247,000 | 456,368,000 | 455,276,000 | 454,477,000 | 455,678,000 | 455,519,000 | 352,450,000 | 353,138,000 | 351,493,000 | 353,345,000 | 353,308,000 | 353,619,000 | 352,423,000 | 353,326,000 | 354,056,000 | 355,058,000 | 355,353,000 | 355,595,000 | 351,511,000 | 350,151,000 | 348,504,000 | 349,254,000 | 193,594,000 | 194,882,000 | 195,024,000 | 195,427,000 | 194,775,000 | 194,533,000 | 35,369,000 | 36,074,000 | |
intangible assets | 60,816,000 | 64,553,000 | 69,469,000 | 76,388,000 | 83,307,000 | 90,227,000 | 46,206,000 | 50,905,000 | 55,605,000 | 60,304,000 | 65,247,000 | 70,280,000 | 75,232,000 | 81,246,000 | 87,277,000 | 98,816,000 | 102,802,000 | 110,327,000 | 115,009,000 | 121,828,000 | 128,414,000 | 135,825,000 | 52,241,000 | 56,500,000 | 60,759,000 | 65,070,000 | 69,490,000 | 79,161,000 | 10,139,000 | 11,278,000 | |
deferred contract acquisition costs—noncurrent | 462,552,000 | 462,928,000 | 461,969,000 | 467,201,000 | 445,987,000 | 427,599,000 | 415,739,000 | 409,627,000 | 383,205,000 | 369,749,000 | 359,255,000 | 350,899,000 | 329,958,000 | 322,695,000 | 313,760,000 | 311,835,000 | 300,073,000 | 289,636,000 | 274,039,000 | 260,130,000 | 225,115,000 | 198,325,000 | 169,686,000 | 153,333,000 | 136,248,000 | 124,434,000 | 115,924,000 | 97,091,000 | 86,199,000 | 78,401,000 | |
deferred tax assets—noncurrent | 838,694,000 | 836,641,000 | 844,837,000 | 840,470,000 | 816,538,000 | 822,026,000 | |||||||||||||||||||||||||
other assets—noncurrent | 170,227,000 | 163,613,000 | 153,073,000 | 141,803,000 | 132,028,000 | 129,232,000 | 107,654,000 | 99,615,000 | 92,032,000 | 90,079,000 | 85,795,000 | 79,484,000 | 75,521,000 | 67,349,000 | 61,470,000 | 50,337,000 | 45,791,000 | 38,680,000 | 33,882,000 | 24,942,000 | 22,530,000 | 16,659,000 | 26,312,000 | 24,678,000 | 24,617,000 | 23,896,000 | 23,947,000 | 9,175,000 | 9,513,000 | 12,891,000 | |
total assets | 3,982,039,000 | 3,949,923,000 | 3,947,403,000 | 4,012,705,000 | 3,770,208,000 | 3,753,941,000 | 2,926,689,000 | 2,971,290,000 | 3,337,627,000 | 3,267,405,000 | 3,129,899,000 | 3,012,720,000 | 2,731,584,000 | 2,667,346,000 | 2,574,131,000 | 2,541,265,000 | 2,410,503,000 | 2,355,687,000 | 2,297,120,000 | 2,336,507,000 | 2,051,119,000 | 2,053,310,000 | 1,921,488,000 | 1,891,138,000 | 1,786,365,000 | 1,761,836,000 | 1,738,400,000 | 1,615,417,000 | 1,719,436,000 | 1,169,698,000 | 614,472,000 |
liabilities and equity | |||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||
accounts payable | 22,482,000 | 10,643,000 | 24,583,000 | 30,697,000 | 18,144,000 | 8,116,000 | 17,700,000 | 19,029,000 | 14,787,000 | 5,803,000 | 14,688,000 | 24,393,000 | 47,176,000 | 44,449,000 | 26,213,000 | 52,804,000 | 47,712,000 | 33,612,000 | 14,870,000 | 37,367,000 | 32,309,000 | 33,053,000 | 21,504,000 | 28,144,000 | 29,099,000 | 23,452,000 | 21,436,000 | 22,059,000 | 16,653,000 | 13,269,000 | |
accrued expenses and other current liabilities | 119,841,000 | 100,579,000 | 101,182,000 | 99,579,000 | 94,591,000 | 93,251,000 | 99,177,000 | 104,037,000 | 99,642,000 | 109,349,000 | 101,685,000 | 100,987,000 | 96,227,000 | 90,756,000 | 92,936,000 | 91,377,000 | 81,065,000 | 81,817,000 | 75,438,000 | 66,566,000 | 59,752,000 | 54,916,000 | 46,475,000 | 54,344,000 | |||||||
accrued compensation | 180,982,000 | 208,005,000 | 170,976,000 | 227,115,000 | 158,779,000 | 178,603,000 | 153,932,000 | 195,266,000 | 159,381,000 | 162,243,000 | 141,990,000 | 163,133,000 | 146,297,000 | 149,761,000 | 137,724,000 | 160,163,000 | 144,741,000 | 142,599,000 | 129,640,000 | 156,158,000 | 114,221,000 | 111,623,000 | 81,653,000 | 83,189,000 | 70,860,000 | 79,980,000 | 57,684,000 | 53,686,000 | 51,212,000 | 33,905,000 | |
contract liabilities—current | 1,444,599,000 | 1,436,033,000 | 1,422,878,000 | 1,455,442,000 | 1,307,749,000 | 1,307,565,000 | 1,313,227,000 | 1,320,059,000 | 1,204,599,000 | 1,208,411,000 | 1,190,364,000 | 1,172,867,000 | 1,088,197,000 | 1,073,800,000 | 1,049,534,000 | 1,029,891,000 | 940,111,000 | 914,619,000 | 829,844,000 | 779,642,000 | 686,185,000 | 624,031,000 | 552,345,000 | 507,560,000 | 423,742,000 | 402,734,000 | 385,460,000 | 316,619,000 | 289,724,000 | 282,470,000 | |
operating lease liabilities—current | 15,840,000 | 21,185,000 | 21,815,000 | 19,077,000 | 19,507,000 | 19,769,000 | 20,925,000 | 22,230,000 | 21,701,000 | 23,053,000 | 22,742,000 | 24,055,000 | 34,713,000 | 43,479,000 | 37,293,000 | 37,404,000 | 35,228,000 | 34,951,000 | 34,777,000 | 32,971,000 | 30,633,000 | 30,415,000 | 27,613,000 | 20,728,000 | 18,743,000 | 17,193,000 | 16,921,000 | ||||
total current liabilities | 1,783,744,000 | 1,776,445,000 | 1,741,434,000 | 1,831,910,000 | 1,598,770,000 | 1,607,304,000 | 1,604,961,000 | 1,660,621,000 | 2,189,221,000 | 2,233,964,000 | 2,195,464,000 | 2,208,322,000 | 1,449,531,000 | 1,402,245,000 | 1,343,716,000 | 1,371,639,000 | 1,260,367,000 | 1,209,630,000 | 1,097,912,000 | 1,093,173,000 | 923,100,000 | 854,038,000 | 729,590,000 | 693,965,000 | 588,494,000 | 574,149,000 | 522,607,000 | 434,636,000 | 389,590,000 | 362,495,000 | |
contract liabilities—noncurrent | 28,027,000 | 27,428,000 | 24,354,000 | 21,523,000 | 22,931,000 | 23,020,000 | 23,840,000 | 21,980,000 | 22,069,000 | 21,839,000 | 17,715,000 | 16,925,000 | 15,242,000 | 14,630,000 | 15,794,000 | 16,725,000 | 17,070,000 | 18,138,000 | 17,938,000 | 16,492,000 | 14,717,000 | 11,837,000 | 11,287,000 | 11,478,000 | 9,339,000 | 7,784,000 | 7,586,000 | 7,135,000 | 7,703,000 | 8,065,000 | |
operating lease liabilities—noncurrent | 134,533,000 | 105,757,000 | 111,122,000 | 105,350,000 | 111,132,000 | 115,832,000 | 117,444,000 | 120,823,000 | 124,551,000 | 130,746,000 | 136,243,000 | 141,348,000 | 81,237,000 | 90,479,000 | 114,976,000 | 126,340,000 | 136,240,000 | 146,025,000 | 155,998,000 | 165,704,000 | 169,078,000 | 177,862,000 | 173,750,000 | 162,432,000 | 150,362,000 | 150,493,000 | 154,778,000 | ||||
deferred tax liability—noncurrent | 18,497,000 | 19,064,000 | 22,381,000 | 20,596,000 | 19,303,000 | 18,122,000 | 18,037,000 | 16,795,000 | 17,160,000 | 13,923,000 | 12,324,000 | 10,723,000 | 10,400,000 | 10,323,000 | 9,079,000 | 9,316,000 | 6,379,000 | 6,424,000 | 6,484,000 | 6,464,000 | 7,974,000 | 8,740,000 | 4,814,000 | 4,920,000 | 4,275,000 | 4,270,000 | 4,267,000 | 2,500,000 | 2,499,000 | 2,505,000 | |
other liabilities—noncurrent | 35,717,000 | 33,254,000 | 33,310,000 | 30,634,000 | 28,695,000 | 28,257,000 | 25,407,000 | 21,332,000 | 19,593,000 | 19,174,000 | 18,661,000 | 18,115,000 | 21,807,000 | 21,861,000 | 22,001,000 | 23,255,000 | 32,057,000 | 33,322,000 | 32,974,000 | 32,328,000 | 24,069,000 | 19,837,000 | 7,097,000 | 6,695,000 | 5,955,000 | 6,527,000 | 6,095,000 | 9,374,000 | 3,803,000 | 4,419,000 | |
total liabilities | 2,000,518,000 | 1,961,948,000 | 1,932,601,000 | 2,010,013,000 | 1,780,831,000 | 1,792,535,000 | 1,789,689,000 | 1,841,551,000 | 2,372,594,000 | 2,419,646,000 | 2,380,407,000 | 2,395,433,000 | 2,263,078,000 | 2,260,215,000 | 2,225,182,000 | 2,265,762,000 | 2,170,934,000 | 2,143,811,000 | 2,053,883,000 | 2,007,380,000 | 1,625,087,000 | 1,551,419,000 | 1,398,700,000 | 1,344,811,000 | 1,217,003,000 | 1,195,157,000 | 1,140,718,000 | 909,267,000 | 426,228,000 | 400,346,000 | |
commitments and contingencies | |||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | |||||||||||||||||||||||||||||||
common stock, 0.0001 par value... | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 19,000 | 19,000 | 19,000 | 19,000 | 18,000 | 18,000 | 18,000 | 18,000 | 17,000 | 16,000 | 16,000 | 4,000 | |
treasury stock | -3,387,000 | -3,192,000 | -3,192,000 | -2,871,000 | -2,871,000 | -2,670,000 | -2,670,000 | -2,164,000 | -2,164,000 | -2,027,000 | -2,027,000 | -1,785,000 | -1,785,000 | -1,648,000 | -1,648,000 | -1,532,000 | -1,532,000 | -1,219,000 | -1,219,000 | -1,048,000 | -1,048,000 | ||||||||||
additional paid-in capital | 3,665,653,000 | 3,544,127,000 | 3,435,219,000 | 3,321,242,000 | 3,225,481,000 | 3,087,650,000 | 2,950,081,000 | 2,821,461,000 | 2,693,124,000 | 2,530,532,000 | 2,412,033,000 | 2,240,732,000 | 2,108,062,000 | 1,968,852,000 | 1,835,187,000 | 1,720,013,000 | 1,650,714,000 | 1,611,897,000 | 1,615,646,000 | 1,702,254,000 | 1,736,241,000 | 1,749,323,000 | 1,714,462,000 | 1,685,167,000 | 1,660,313,000 | 1,612,786,000 | 1,575,471,000 | 1,676,180,000 | 1,555,185,000 | 438,200,000 | |
accumulated other comprehensive loss | -12,045,000 | -16,078,000 | -18,171,000 | -28,376,000 | -23,682,000 | -24,548,000 | -24,910,000 | -19,360,000 | -28,487,000 | -19,536,000 | -21,917,000 | -22,996,000 | -34,244,000 | -24,446,000 | -19,048,000 | -1,140,000 | -6,703,000 | -1,673,000 | -1,191,000 | -2,945,000 | -3,258,000 | ||||||||||
accumulated deficit | -1,668,720,000 | -1,536,902,000 | -1,399,074,000 | -1,287,323,000 | -1,209,571,000 | -1,099,046,000 | -1,785,521,000 | -1,670,219,000 | -1,697,460,000 | -1,661,230,000 | -1,638,617,000 | -1,598,684,000 | -1,603,547,000 | -1,535,647,000 | -1,465,562,000 | -1,438,189,000 | -1,407,744,000 | -1,402,068,000 | -1,376,567,000 | -1,380,452,000 | -1,308,040,000 | -1,249,549,000 | -1,184,989,000 | -1,137,185,000 | -1,089,778,000 | -1,043,180,000 | -974,548,000 | -928,778,000 | -862,534,000 | -809,721,000 | -773,007,000 |
total stockholders’ equity | 1,981,521,000 | 1,987,975,000 | 2,014,802,000 | 2,002,692,000 | 1,989,377,000 | 1,961,406,000 | 1,137,000,000 | 1,129,739,000 | 965,033,000 | 847,759,000 | 749,492,000 | 617,287,000 | 468,506,000 | 407,131,000 | 348,949,000 | 275,503,000 | 239,569,000 | 211,876,000 | 243,237,000 | 325,737,000 | 426,032,000 | 501,891,000 | 522,788,000 | 546,327,000 | 597,682,000 | 614,362,000 | 810,169,000 | 743,470,000 | |||
total liabilities and equity | 3,982,039,000 | 3,949,923,000 | 3,947,403,000 | 4,012,705,000 | 3,770,208,000 | 3,753,941,000 | 2,926,689,000 | 2,971,290,000 | 3,337,627,000 | 3,267,405,000 | 3,129,899,000 | 3,012,720,000 | 2,541,265,000 | 2,410,503,000 | 2,355,687,000 | 2,297,120,000 | 2,336,507,000 | ||||||||||||||
convertible senior notes—current | 689,111,000 | 725,105,000 | 723,995,000 | 722,887,000 | 36,921,000 | 16,000 | 11,510,000 | 2,032,000 | 13,343,000 | 20,469,000 | |||||||||||||||||||||
convertible senior notes, net—noncurrent | 684,861,000 | 720,677,000 | 719,616,000 | 718,487,000 | 718,821,000 | 730,272,000 | 742,577,000 | 693,219,000 | |||||||||||||||||||||||
liabilities and stockholders' equity | |||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 2,731,584,000 | 2,667,346,000 | 2,574,131,000 | 1,786,365,000 | 1,761,836,000 | 1,738,400,000 | |||||||||||||||||||||||||
convertible senior notes | 3,390,000 | 486,149,000 | 479,105,000 | 472,162,000 | 465,321,000 | 458,578,000 | 451,934,000 | 445,385,000 | 438,932,000 | 432,572,000 | |||||||||||||||||||||
accumulated other comprehensive income | -4,809,000 | -1,889,000 | 3,246,000 | 5,358,000 | 4,964,000 | 2,098,000 | -3,493,000 | -2,010,000 | 1,075,000 | ||||||||||||||||||||||
restricted cash | 281,000 | 280,000 | 280,000 | 280,000 | 414,000 | 133,000 | 167,000 | 367,000 | 367,000 | 367,000 | |||||||||||||||||||||
liabilities and stockholders’ equity | |||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,051,119,000 | 2,053,310,000 | 1,921,488,000 | 1,891,138,000 | |||||||||||||||||||||||||||
deferred rent—current | 2,029,000 | 1,872,000 | 1,811,000 | ||||||||||||||||||||||||||||
deferred rent—noncurrent | 23,050,000 | 22,633,000 | 22,862,000 | ||||||||||||||||||||||||||||
prepaid expense and other current assets | 37,814,000 | 38,907,000 | 39,341,000 | 28,344,000 | 26,776,000 | 29,779,000 | |||||||||||||||||||||||||
accrued expenses | 33,094,000 | 34,227,000 | 28,133,000 | 22,669,000 | 18,368,000 | 19,023,000 | |||||||||||||||||||||||||
other liabilities—current | 12,956,000 | 16,563,000 | 12,973,000 | 17,574,000 | 11,761,000 | 12,017,000 | |||||||||||||||||||||||||
stockholders' equity | |||||||||||||||||||||||||||||||
total stockholders' equity | 569,362,000 | 566,679,000 | |||||||||||||||||||||||||||||
cash, cash equivalents and investments | 933,234,000 | ||||||||||||||||||||||||||||||
working capital | 468,208,000 | ||||||||||||||||||||||||||||||
contract liabilities, current and non-current | 388,772,000 | ||||||||||||||||||||||||||||||
redeemable convertible preferred stock | |||||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | |||||||||||||||||||||||||||||||
redeemable convertible preferred stock, 0.0001 par value... | 547,854,000 | ||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ equity | 1,719,436,000 | 1,169,698,000 | |||||||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ deficit | |||||||||||||||||||||||||||||||
stockholders’ deficit | |||||||||||||||||||||||||||||||
total stockholders’ deficit | -333,728,000 | ||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock, and stockholders’ deficit | 614,472,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 | 2024-10-31 | 2024-07-31 | 2024-04-30 | 2024-01-31 | 2023-10-31 | 2023-07-31 | 2023-04-30 | 2023-01-31 | 2022-10-31 | 2022-07-31 | 2022-04-30 | 2022-01-31 | 2021-10-31 | 2021-07-31 | 2021-04-30 | 2021-01-31 | 2020-10-31 | 2020-07-31 | 2020-04-30 | 2020-01-31 | 2019-10-31 | 2019-07-31 | 2019-04-30 | 2019-01-31 | 2018-10-31 | 2018-07-31 | 2018-04-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
net income | 83,725,000 | 62,970,000 | 72,087,000 | 83,491,000 | 62,423,000 | 888,211,000 | 33,760,000 | 27,241,000 | 38,805,000 | 7,395,000 | 539,000 | ||||||||||||||||||||
adjustments to reconcile net income provided by operating activities: | |||||||||||||||||||||||||||||||
depreciation and amortization | 30,399,000 | 28,880,000 | 30,369,000 | 28,707,000 | 27,569,000 | 27,022,000 | 24,506,000 | 23,633,000 | 23,324,000 | 25,238,000 | 22,867,000 | 22,279,000 | 21,532,000 | 21,143,000 | 21,301,000 | 20,750,000 | 20,166,000 | 20,960,000 | 20,037,000 | 19,635,000 | 19,479,000 | 17,937,000 | 14,039,000 | 13,266,000 | 12,655,000 | 12,290,000 | 11,971,000 | 12,003,000 | 10,343,000 | 7,081,000 | 8,600,000 |
amortization of deferred contract acquisition and fulfillment costs | 68,374,000 | 68,654,000 | 66,482,000 | 64,486,000 | 61,264,000 | 57,255,000 | 54,212,000 | 52,382,000 | 49,399,000 | 50,152,000 | 48,230,000 | 50,664,000 | 44,806,000 | 45,585,000 | 43,990,000 | 43,683,000 | 37,283,000 | 32,543,000 | 30,933,000 | 28,597,000 | 25,593,000 | 23,834,000 | 21,360,000 | 20,387,000 | 18,211,000 | 16,889,000 | 14,260,000 | 12,223,000 | 10,743,000 | 9,900,000 | 9,246,000 |
amortization of debt discount and transaction costs | 167,000 | 302,000 | 138,000 | 139,000 | 138,000 | 139,000 | 138,000 | 1,027,000 | 1,227,000 | 1,249,000 | 1,246,000 | 1,245,000 | 1,243,000 | 1,198,000 | 1,284,000 | 1,250,000 | 1,255,000 | 1,274,000 | 1,319,000 | 7,173,000 | 7,044,000 | 6,942,000 | 6,842,000 | 6,742,000 | 6,645,000 | 6,548,000 | 6,454,000 | 6,360,000 | |||
non-cash operating lease costs | 4,804,000 | 4,704,000 | 4,660,000 | 4,602,000 | 4,601,000 | 4,984,000 | 4,878,000 | 4,811,000 | 4,768,000 | 5,751,000 | 5,980,000 | 7,033,000 | 7,002,000 | 7,024,000 | 6,442,000 | 6,643,000 | 6,527,000 | 6,706,000 | 6,943,000 | 6,646,000 | 6,963,000 | 6,795,000 | 6,324,000 | 5,592,000 | 4,980,000 | ||||||
stock-based compensation expense | 160,642,000 | 160,538,000 | 145,596,000 | 149,947,000 | 153,228,000 | 164,656,000 | 142,504,000 | 161,016,000 | 159,418,000 | 151,707,000 | 144,706,000 | 145,961,000 | 140,835,000 | 141,207,000 | 110,723,000 | 118,006,000 | 109,441,000 | 99,458,000 | 81,637,000 | 83,639,000 | 80,920,000 | 68,767,000 | 53,551,000 | 55,605,000 | 52,736,000 | 55,792,000 | 42,271,000 | 49,271,000 | 51,748,000 | 40,165,000 | 269,794,000 |
deferred income taxes | -2,347,000 | 4,997,000 | -3,465,000 | -22,103,000 | 6,675,000 | -826,038,000 | 1,477,000 | -973,000 | 3,845,000 | 1,797,000 | 1,623,000 | -1,348,000 | -23,000 | 2,996,000 | 72,000 | 3,729,000 | -1,110,000 | -1,514,000 | 264,000 | -1,360,000 | -766,000 | -180,000 | -104,000 | 1,245,000 | 14,000 | -24,000 | 52,000 | 2,346,000 | -7,335,000 | -6,000 | -6,000 |
other | 634,000 | -218,000 | 1,723,000 | -361,000 | 1,149,000 | 3,851,000 | 1,472,000 | -551,000 | -571,000 | 49,000 | -831,000 | 2,183,000 | 5,441,000 | 3,192,000 | 4,907,000 | 4,273,000 | 4,932,000 | 1,906,000 | -1,240,000 | -1,416,000 | 1,699,000 | -997,000 | 504,000 | 401,000 | 229,000 | -1,260,000 | -1,111,000 | 2,879,000 | -1,204,000 | -3,100,000 | 2,225,000 |
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||
accounts receivable | 707,000 | -50,674,000 | 121,003,000 | -128,616,000 | 7,120,000 | -7,068,000 | 130,639,000 | -81,221,000 | 53,099,000 | -8,478,000 | 108,281,000 | -94,302,000 | -83,084,000 | -38,656,000 | 140,078,000 | -135,349,000 | -20,871,000 | -34,365,000 | 73,205,000 | -62,484,000 | -36,583,000 | 7,915,000 | 17,239,000 | -78,377,000 | -20,812,000 | -21,518,000 | 57,414,000 | -43,937,000 | -14,019,000 | -4,237,000 | 19,622,000 |
prepaid expenses and other current assets | 2,928,000 | 5,544,000 | -28,551,000 | -9,334,000 | 8,767,000 | -6,000 | -17,061,000 | 7,300,000 | 6,463,000 | 2,383,000 | -16,803,000 | 2,555,000 | 8,435,000 | 323,000 | -16,351,000 | 5,816,000 | -2,523,000 | 5,303,000 | -15,670,000 | 680,000 | 3,553,000 | 4,272,000 | -9,660,000 | -1,106,000 | 1,121,000 | 3,950,000 | -7,107,000 | -900,000 | 1,023,000 | ||
deferred contract acquisition and fulfillment costs | -67,266,000 | -71,340,000 | -56,648,000 | -87,618,000 | -83,293,000 | -68,183,000 | -63,072,000 | -78,649,000 | -63,154,000 | -56,830,000 | -56,526,000 | -70,695,000 | -53,305,000 | -57,803,000 | -50,512,000 | -59,447,000 | -52,528,000 | -49,264,000 | -46,154,000 | -63,871,000 | -52,225,000 | -51,377,000 | -41,037,000 | -37,923,000 | -29,361,000 | -27,952,000 | -20,487,000 | -28,324,000 | -22,206,000 | -18,013,000 | -12,326,000 |
other assets | 1,034,000 | -2,179,000 | 844,000 | -5,884,000 | -1,060,000 | -16,975,000 | 1,917,000 | -1,413,000 | -5,586,000 | -772,000 | -7,661,000 | -6,612,000 | -8,452,000 | -604,000 | -6,651,000 | -2,677,000 | -7,036,000 | -3,509,000 | -3,167,000 | 457,000 | -331,000 | -4,768,000 | -1,364,000 | 612,000 | -33,000 | 418,000 | 541,000 | 656,000 | 667,000 | 895,000 | 440,000 |
accounts payable | 12,477,000 | -14,030,000 | -6,764,000 | 9,152,000 | 10,061,000 | -10,412,000 | -1,163,000 | 4,263,000 | 11,205,000 | -11,273,000 | -9,021,000 | -24,701,000 | 2,948,000 | 18,510,000 | -23,197,000 | 5,445,000 | 16,146,000 | 12,150,000 | -21,593,000 | 8,473,000 | -2,620,000 | 8,829,000 | -2,554,000 | 1,543,000 | 718,000 | 1,306,000 | 282,000 | -1,390,000 | -956,000 | 2,184,000 | -7,218,000 |
accrued expenses and other liabilities | 19,178,000 | 175,000 | 4,625,000 | 10,081,000 | 1,014,000 | -4,680,000 | -3,480,000 | 4,101,000 | -7,792,000 | 9,069,000 | 1,095,000 | 6,467,000 | -2,094,000 | -2,181,000 | 5,148,000 | -1,058,000 | -5,136,000 | 5,942,000 | 11,080,000 | 15,203,000 | 10,242,000 | 12,626,000 | -916,000 | ||||||||
accrued compensation | -28,772,000 | 37,214,000 | -61,451,000 | 70,364,000 | -21,226,000 | 25,146,000 | -45,048,000 | 38,347,000 | -1,056,000 | 18,270,000 | -21,582,000 | 14,046,000 | -1,808,000 | 9,201,000 | -23,220,000 | 23,909,000 | -9,734,000 | 21,001,000 | -34,048,000 | 41,033,000 | 688,000 | 24,401,000 | -1,536,000 | 12,329,000 | -9,120,000 | 22,296,000 | -19,869,000 | 23,868,000 | 1,811,000 | 17,307,000 | -16,947,000 |
contract liabilities | 8,610,000 | 15,966,000 | -34,240,000 | 146,285,000 | 95,000 | -11,553,000 | -4,973,000 | 115,371,000 | -3,582,000 | 22,171,000 | 18,287,000 | 86,353,000 | 15,010,000 | 23,102,000 | 18,712,000 | 89,435,000 | 24,423,000 | 84,976,000 | 51,648,000 | 95,230,000 | 65,034,000 | 62,892,000 | 44,594,000 | 85,957,000 | 22,563,000 | 17,472,000 | 4,274,000 | 65,018,000 | 16,353,000 | 6,892,000 | 12,611,000 |
operating lease liabilities | -5,020,000 | -5,430,000 | -4,969,000 | -5,426,000 | -4,199,000 | -6,141,000 | -5,880,000 | -5,987,000 | -5,635,000 | -6,862,000 | -6,795,000 | -8,934,000 | -16,083,000 | -9,088,000 | -8,259,000 | -8,642,000 | -7,979,000 | -8,502,000 | -7,731,000 | -7,379,000 | -7,296,000 | -7,504,000 | 406,000 | -3,738,000 | -3,688,000 | -3,493,000 | -3,705,000 | ||||
net cash from operating activities | 290,274,000 | 246,073,000 | 251,439,000 | 307,912,000 | 234,326,000 | 220,208,000 | 254,826,000 | 270,698,000 | 264,177,000 | 211,016,000 | 233,635,000 | 137,057,000 | 52,537,000 | 120,879,000 | 196,286,000 | 87,792,000 | 105,409,000 | 177,669,000 | 135,597,000 | 62,233,000 | 57,443,000 | 118,134,000 | 59,144,000 | 45,505,000 | -1,869,000 | 26,405,000 | 45,655,000 | 34,137,000 | 4,261,000 | 22,696,000 | 14,992,000 |
capital expenditures | -27,374,000 | -28,425,000 | -23,624,000 | -28,342,000 | -23,613,000 | -22,280,000 | -22,753,000 | -22,114,000 | -23,841,000 | -27,379,000 | -19,057,000 | -24,064,000 | -16,477,000 | -15,404,000 | -21,709,000 | -17,470,000 | -15,392,000 | -15,938,000 | -12,596,000 | -18,251,000 | -19,393,000 | -18,362,000 | -26,389,000 | -29,975,000 | -12,280,000 | -14,554,000 | -15,237,000 | -11,317,000 | -8,576,000 | -4,336,000 | -6,184,000 |
free cash flows | 262,900,000 | 217,648,000 | 227,815,000 | 279,570,000 | 210,713,000 | 197,928,000 | 232,073,000 | 248,584,000 | 240,336,000 | 183,637,000 | 214,578,000 | 112,993,000 | 36,060,000 | 105,475,000 | 174,577,000 | 70,322,000 | 90,017,000 | 161,731,000 | 123,001,000 | 43,982,000 | 38,050,000 | 99,772,000 | 32,755,000 | 15,530,000 | -14,149,000 | 11,851,000 | 30,418,000 | 22,820,000 | -4,315,000 | 18,360,000 | 8,808,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
cash paid for acquisition, net of acquired cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||
purchases of marketable securities | -109,398,000 | -119,637,000 | -92,563,000 | -77,699,000 | -110,296,000 | -103,603,000 | -119,638,000 | -132,875,000 | -28,974,000 | -120,542,000 | -53,830,000 | -131,461,000 | -105,956,000 | -166,558,000 | -129,735,000 | -81,366,000 | -117,134,000 | -88,703,000 | -96,925,000 | -84,340,000 | -68,982,000 | -107,318,000 | -223,048,000 | -155,675,000 | -375,211,000 | ||||||
maturities of marketable securities | 99,486,000 | 117,710,000 | 91,262,000 | 74,500,000 | 90,211,000 | 93,509,000 | 82,114,000 | 222,352,000 | 87,500,000 | 83,318,000 | 80,699,000 | 112,148,000 | 121,590,000 | 99,124,000 | 91,055,000 | 90,113,000 | 79,900,000 | 75,658,000 | 37,513,000 | 83,756,000 | 103,366,000 | 131,345,000 | 170,071,000 | 166,599,000 | 216,261,000 | 151,992,000 | 92,457,000 | ||||
purchases of strategic and other investments | -462,000 | -750,000 | 0 | -125,000 | -500,000 | -125,000 | -400,000 | -125,000 | -1,000,000 | -500,000 | -2,125,000 | -1,000,000 | -250,000 | ||||||||||||||||||
purchases of property and equipment | -27,374,000 | -28,425,000 | -23,624,000 | -28,342,000 | -23,613,000 | -22,280,000 | -22,753,000 | -22,114,000 | -23,841,000 | -27,379,000 | -19,057,000 | -24,064,000 | -16,477,000 | -15,404,000 | -21,709,000 | -17,470,000 | -15,392,000 | -15,938,000 | -12,596,000 | -18,251,000 | -19,393,000 | -18,362,000 | -26,389,000 | -29,975,000 | -12,280,000 | -14,554,000 | -15,237,000 | -11,317,000 | -8,576,000 | -4,336,000 | -6,184,000 |
net cash from investing activities | -37,748,000 | -30,452,000 | -24,925,000 | -32,291,000 | -43,698,000 | -176,110,000 | -60,777,000 | 67,238,000 | 34,285,000 | -64,723,000 | 7,812,000 | -43,502,000 | -1,843,000 | -83,338,000 | -62,514,000 | -5,224,000 | -52,808,000 | -34,371,000 | -70,506,000 | -18,835,000 | 9,691,000 | -79,295,000 | 169,668,000 | 29,306,000 | -19,067,000 | -18,237,000 | -313,491,000 | -426,449,000 | -227,355,000 | -4,336,000 | -6,184,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||
payment of revolving credit facility costs | 0 | ||||||||||||||||||||||||||||||
repurchases of common stock | -215,057,000 | -201,514,000 | -183,431,000 | -161,725,000 | -172,665,000 | -200,076,000 | -149,062,000 | 0 | -75,035,000 | -30,008,000 | -40,472,000 | 0 | -38,034,000 | ||||||||||||||||||
payment of tax withholding obligation on net rsu settlement and espp purchase | -74,254,000 | -69,164,000 | -62,793,000 | -81,148,000 | -51,051,000 | -39,446,000 | -41,637,000 | -45,922,000 | -35,615,000 | -40,044,000 | -22,637,000 | -23,263,000 | -19,118,000 | -24,739,000 | |||||||||||||||||
proceeds from exercise of stock options | 80,000 | 471,000 | 699,000 | 11,359,000 | 10,257,000 | 454,000 | 635,000 | 784,000 | 12,375,000 | 705,000 | 127,000 | 1,669,000 | 383,000 | 8,688,000 | 1,938,000 | 2,553,000 | 9,358,000 | 5,202,000 | 6,616,000 | 9,322,000 | 1,945,000 | 5,403,000 | 7,635,000 | 9,914,000 | 19,815,000 | 10,194,000 | 32,254,000 | ||||
proceeds from employee stock purchase plan | 18,770,000 | 0 | 22,010,000 | 0 | 15,124,000 | 0 | 20,190,000 | 0 | 14,604,000 | 0 | 18,390,000 | 0 | 12,375,000 | 0 | 24,151,000 | 0 | 22,910,000 | 0 | 23,167,000 | 0 | 16,269,000 | 0 | 13,590,000 | 0 | 13,309,000 | 0 | 10,563,000 | ||||
net cash from financing activities | -270,461,000 | -273,340,000 | -223,515,000 | -231,514,000 | -198,335,000 | -239,068,000 | -169,874,000 | -735,034,000 | -120,754,000 | -69,347,000 | -20,904,000 | -15,614,000 | -48,539,000 | -35,453,000 | 1,350,000 | -73,930,000 | -65,387,000 | -142,350,000 | -112,954,000 | 143,459,000 | -95,203,000 | -81,734,000 | -25,498,000 | -31,302,000 | -6,186,000 | -19,647,000 | -13,320,000 | -181,055,000 | 498,070,000 | 530,480,000 | 5,621,000 |
effect of foreign exchange on cash, cash equivalents and restricted cash | 1,922,000 | 1,529,000 | 9,923,000 | -5,311,000 | 438,000 | 238,000 | -2,915,000 | 5,096,000 | -7,187,000 | 1,279,000 | 1,011,000 | 10,868,000 | -6,612,000 | -2,860,000 | -5,180,000 | -3,122,000 | -1,908,000 | -1,343,000 | 779,000 | 4,214,000 | -1,208,000 | 4,920,000 | -2,280,000 | -137,000 | 810,000 | -741,000 | -379,000 | -2,955,000 | 362,000 | 526,000 | -2,069,000 |
net decrease in cash, cash equivalents and restricted cash | -16,013,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 659,554,000 | 0 | 0 | 0 | 801,499,000 | 0 | 0 | 0 | 723,201,000 | 0 | 0 | 0 | 509,679,000 | -1,000 | 0 | 1,000 | 566,336,000 | 0 | 0 | 0 | 241,483,000 | 0 | 0 | 0 | 518,178,000 | 0 | 0 | 0 | 257,436,000 |
cash, cash equivalents and restricted cash at end of period | -16,013,000 | -56,190,000 | 672,476,000 | 38,796,000 | -7,269,000 | -194,732,000 | 822,759,000 | -392,002,000 | 170,521,000 | 78,225,000 | 944,755,000 | 88,809,000 | -4,457,000 | -772,000 | 639,621,000 | 5,515,000 | -14,694,000 | -394,000 | 519,252,000 | 191,071,000 | -29,277,000 | -37,975,000 | 442,517,000 | 43,372,000 | -26,312,000 | -12,220,000 | 236,643,000 | -576,322,000 | 275,338,000 | 549,366,000 | 269,796,000 |
net increase in cash, cash equivalents and restricted cash | 12,922,000 | 38,796,000 | -7,269,000 | -194,732,000 | 21,260,000 | -392,002,000 | 170,521,000 | 78,225,000 | 221,554,000 | 88,809,000 | -4,457,000 | -772,000 | 129,942,000 | 5,516,000 | -14,694,000 | -395,000 | -47,084,000 | 191,071,000 | -29,277,000 | -37,975,000 | 201,034,000 | 43,372,000 | -26,312,000 | -12,220,000 | -281,535,000 | -576,322,000 | 275,338,000 | 549,366,000 | 12,360,000 | ||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||||
changes in operating assets and liabilities | |||||||||||||||||||||||||||||||
repayments of convertible senior notes | -689,896,000 | 0 | 0 | -13,071,000 | -3,121,000 | -25,030,000 | -36,684,000 | ||||||||||||||||||||||||
settlement of capped calls, net of related costs | 0 | 0 | 0 | 23,688,000 | |||||||||||||||||||||||||||
sales of marketable securities | 4,499,000 | 68,000 | 1,000,000 | 2,002,000 | 0 | 0 | 0 | 28,986,000 | |||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
net loss | 4,863,000 | -29,866,000 | -45,078,000 | -27,373,000 | -30,445,000 | -5,676,000 | -25,501,000 | -8,354,000 | -72,412,000 | -58,491,000 | -64,560,000 | -47,804,000 | -47,407,000 | -46,598,000 | -68,632,000 | -45,722,000 | -66,244,000 | -52,813,000 | -36,714,000 | -270,687,000 | |||||||||||
adjustments to reconcile net loss to net cash from operating activities | |||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||
operating cash flow related to repayments of convertible senior notes | |||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes, net of initial purchasers' discounts and transaction costs | 0 | ||||||||||||||||||||||||||||||
purchase of capped calls related to issuance of convertible senior notes | 0 | ||||||||||||||||||||||||||||||
payment of tax withholding obligation on rsu settlement and espp purchase | |||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||||
contract assets | -808,000 | 2,471,000 | -398,000 | 1,213,000 | 1,607,000 | 5,802,000 | -5,460,000 | 2,310,000 | -740,000 | 5,715,000 | -2,318,000 | -2,204,000 | -2,701,000 | 1,430,000 | 1,625,000 | -1,397,000 | 2,546,000 | ||||||||||||||
payment of tax withholding obligation on net share settlement of restricted stock units | -94,534,000 | -122,522,000 | -106,053,000 | ||||||||||||||||||||||||||||
fair value adjustments to strategic investments | 0 | -5,119,000 | |||||||||||||||||||||||||||||
impairment of operating lease right-of-use assets | |||||||||||||||||||||||||||||||
non-cash charitable donation | |||||||||||||||||||||||||||||||
purchases of strategic investments | -500,000 | 0 | 0 | 0 | 0 | -15,500,000 | |||||||||||||||||||||||||
purchases of other investments | 0 | 0 | -241,000 | -3,000,000 | |||||||||||||||||||||||||||
proceeds from issuance of common stock in initial public offering, net of underwriting commissions | 0 | 0 | |||||||||||||||||||||||||||||
payment of deferred offering costs | -319,000 | -170,000 | -1,328,000 | -2,194,000 | |||||||||||||||||||||||||||
other financing | |||||||||||||||||||||||||||||||
payment of tax withholding obligation on rsu settlement | -113,417,000 | -87,137,000 | -46,723,000 | -41,216,000 | -39,310,000 | -29,841,000 | -56,137,000 | ||||||||||||||||||||||||
adjustments to reconcile net to net cash from operating activities | |||||||||||||||||||||||||||||||
proceeds from sale of business held for sale | |||||||||||||||||||||||||||||||
accrued expenses | -5,203,000 | 5,997,000 | 6,442,000 | 604,000 | 1,304,000 | -996,000 | 3,302,000 | ||||||||||||||||||||||||
other liabilities | -4,608,000 | 3,795,000 | -1,732,000 | -3,294,000 | 3,456,000 | -210,000 | 438,000 | ||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 4,128,000 | ||||||||||||||||||||||||||||||
deferred rent | 1,568,000 | 574,000 | -168,000 | -129,000 | |||||||||||||||||||||||||||
purchases of investments | |||||||||||||||||||||||||||||||
proceeds from sale of short-term investments | |||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 34,846,000 | 5,047,000 | 2,503,000 | 7,815,000 | |||||||||||||||||||||||||||
payment of holdback on prior acquisition | |||||||||||||||||||||||||||||||
supplemental disclosure: | |||||||||||||||||||||||||||||||
cash paid for interest | 60,000 | 144,000 | |||||||||||||||||||||||||||||
cash paid for taxes | 485,000 | 1,516,000 | |||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||
property and equipment in accounts payable and other accrued liabilities | -1,138,000 | 3,238,000 | |||||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock in connection with initial public offering | |||||||||||||||||||||||||||||||
conversion of preferred stock warrant to common stock warrant in connection with initial public offering | |||||||||||||||||||||||||||||||
preferred stock accretion | |||||||||||||||||||||||||||||||
deferred offering costs in accounts payable and other accrued liabilities | -1,004,000 | 1,173,000 | |||||||||||||||||||||||||||||
prepaid expenses & other current assets | -6,519,000 | ||||||||||||||||||||||||||||||
accretion of preferred stock | 353,000 |