UiPath, Inc.(NYSE:PATH) 
UiPath Inc. provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, and Japan. It develops UiPath Studio, a platform designed for RPA developers looking to build complex process automations with built-in go...
Website: http://www.uipath.com
Founded: 2005
IPO Price: $56 (Apr 21, 2021)
Full Time Employees: 4,013 (Jan 2022)
CEO / Founder: Daniel Dines
Sector: Technology
Industry: Software—Infrastructure
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At a glance:
- Revenue Growth Slowing, but Still Positive: UiPath continues to grow revenue, though the pace has moderated from prior years as customers scrutinize spend and deal cycles lengthen.
- Expanding Profitability and Cash Generation Focus: Management has emphasized improving operating discipline, with efforts aimed at expanding margins and strengthening free cash flow through cost controls and efficiency initiatives.
- Enterprise AI Automation Demand Remains a Core Tailwind: Demand for automation remains supported by enterprise interest in AI-enabled workflows, positioning UiPath to benefit if it can convert pilots and platform expansions into durable ARR growth.
- Customer Expansion and Retention Are Key Drivers to Watch: Net retention and large customer expansion trends remain central to the thesis; sustained expansion would help offset slower new bookings in a tougher macro environment.
- Competitive Landscape and Platform Differentiation Matter: UiPath operates in an increasingly competitive automation market (including hyperscalers and adjacent software vendors), making product differentiation, pricing power, and partner ecosystem execution critical.
Bull Thesis:
- Market Leadership & Expanding Total Addressable Market (TAM): UiPath maintains a strong leadership position in the rapidly growing enterprise automation market. The company is successfully expanding its platform beyond traditional Robotic Process Automation (RPA) to include AI-powered capabilities like process mining, communications mining, and document understanding, significantly increasing its total addressable market and relevance to a broader range of business processes.
- Strong Customer Retention & Platform Expansion: UiPath consistently demonstrates high net retention rates, indicating that existing customers are not only staying but also expanding their usage of the platform and adopting more of UiPath's diverse product offerings. This 'land and expand' strategy, coupled with increasing customer adoption of multiple products, drives predictable recurring revenue and strengthens customer lifetime value.
- Improving Profitability & Path to Sustainable Free Cash Flow: The company has shown a clear trajectory towards improved operating margins and sustainable free cash flow generation. Through disciplined cost management, increased operational efficiency, and scaling revenue, UiPath is demonstrating its ability to translate growth into financial health, moving towards consistent profitability and positive cash flow.
Bear Thesis:
- Intense Competition & Commoditization Risk: The enterprise automation market is highly competitive, with significant threats from large technology giants like Microsoft (Power Automate), SAP, and ServiceNow, which offer integrated automation solutions within their broader ecosystems. This intense competition could lead to pricing pressure, market share erosion, and the potential commoditization of core RPA functionalities, impacting UiPath's growth and profitability.
- Macroeconomic Headwinds & Budget Scrutiny: Economic uncertainties, inflation, and tighter corporate IT budgets could lead enterprises to delay or reduce spending on new automation initiatives. This can result in longer sales cycles, slower customer acquisition, and reduced expansion within existing accounts, directly impacting UiPath's revenue growth trajectory.
- Complexity of Implementation & ROI Challenges: Implementing enterprise-wide automation solutions, especially complex ones involving AI and process re-engineering, can be challenging, time-consuming, and require significant organizational change management. Customers may struggle to achieve the promised return on investment (ROI) or face implementation hurdles, leading to slower adoption rates or even project failures, which could damage UiPath's reputation and future sales.
- Rapid Evolution of AI & Potential Disruption: While UiPath is integrating AI, the rapid pace of innovation in generative AI and other autonomous technologies could create new automation paradigms that bypass traditional RPA or make certain specialized tools less critical. If UiPath doesn't adapt quickly enough or if broader AI platforms offer increasingly sophisticated 'out-of-the-box' automation capabilities, it could disrupt UiPath's core value proposition.
Main Competitors:
- Automation Anywhere, Inc. (Automation 360 (formerly Enterprise A2019), IQ Bot, Bot Store), A direct and primary competitor in the Robotic Process Automation (RPA) market. They offer a comprehensive cloud-native platform for automating business processes, including RPA bots, intelligent document processing (IDP), and process discovery tools, often vying for the same enterprise customers and market share as UiPath.
- Microsoft Corporation ($MSFT) (Power Automate (formerly Microsoft Flow), Power Platform), Leverages Microsoft's vast enterprise ecosystem (Office 365, Azure, Dynamics 365) to offer a low-code/no-code automation platform. Power Automate includes desktop RPA (Power Automate Desktop), cloud flows, and AI Builder, making it a formidable competitor, especially for organizations already heavily invested in Microsoft technologies, often offering a more integrated and cost-effective solution for basic to intermediate automation needs.
- SS&C Technologies Holdings, Inc. (Blue Prism) ($SSNC) (Blue Prism intelligent automation platform), Blue Prism was one of the original pioneers in the RPA space, focusing on enterprise-grade, secure, and scalable automation. Now part of SS&C Technologies, it continues to compete with UiPath for large enterprise clients, emphasizing a robust, centralized, and IT-governed approach to automation, often appealing to highly regulated industries.
- ServiceNow, Inc. ($NOW) (Now Platform, Process Automation Designer, Integration Hub, App Engine), While not purely an RPA vendor, ServiceNow competes by offering a broad workflow automation platform that orchestrates processes across IT, HR, customer service, and other business functions. They increasingly incorporate or integrate with RPA capabilities and compete for the overall 'digital transformation' and 'process automation' budget, often positioning themselves as the system of record and orchestration layer for enterprise workflows, which can reduce the need for standalone RPA in some scenarios.
- Appian Corporation ($APPN) (Appian Platform (low-code automation, process mining, workflow, RPA)), Appian offers a low-code automation platform that combines process mining, workflow management, business process management (BPM), and RPA (often through acquisition or native capabilities). They compete with UiPath by providing a more holistic platform for building enterprise applications and automating complex end-to-end processes, where RPA is just one component of a broader automation strategy.
Moat:
UiPath maintains a strong position as a leader in the dedicated Robotic Process Automation (RPA) market, distinguished by its comprehensive end-to-end automation platform, robust developer community, and enterprise-grade scalability. Its primary competitors fall into several categories: direct RPA rivals like Automation Anywhere and SS&C Blue Prism, who offer similar core RPA capabilities; hyperscale platform providers such as Microsoft (Power Automate), which leverage vast existing customer bases and ecosystem integrations to offer compelling, often lower-cost, automation solutions; and broader workflow and low-code automation platforms like ServiceNow and Appian, which compete for the overall enterprise automation budget by offering more holistic solutions where RPA is a component of a larger digital transformation strategy. UiPath's moat lies in its deep RPA expertise, extensive feature set, and strong focus on intelligent automation, but it faces increasing pressure from platform plays that offer integrated solutions and from competitors pushing broader, more integrated automation suites.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | ||||||||||||||||||||
licenses | 215,904,000 | 150,043,000 | 112,161,000 | 128,286,000 | 197,609,000 | 137,174,000 | 112,251,000 | 140,128,000 | 219,985,000 | 148,068,000 | 119,300,000 | 134,039,000 | 158,961,000 | 118,175,000 | 103,696,000 | 117,004,000 | 174,056,000 | 111,608,000 | 95,547,000 | 100,216,000 |
subscription services | 251,233,000 | 247,573,000 | 238,363,000 | 217,303,000 | 215,221,000 | 206,922,000 | 194,673,000 | 185,131,000 | 176,038,000 | 167,529,000 | 159,999,000 | 146,352,000 | 138,514,000 | 130,159,000 | 124,656,000 | 115,494,000 | 103,943,000 | 97,963,000 | ||
professional services and other | 13,970,000 | 13,497,000 | 11,204,000 | 11,035,000 | 10,816,000 | 10,557,000 | 9,329,000 | 9,853,000 | 9,230,000 | 10,324,000 | 8,011,000 | 9,197,000 | 11,074,000 | 14,410,000 | 13,870,000 | 12,568,000 | 11,699,000 | 11,245,000 | ||
total revenue | 481,107,000 | 411,113,000 | 361,728,000 | 356,624,000 | 423,646,000 | 354,653,000 | 316,253,000 | 335,112,000 | 405,253,000 | 325,921,000 | 287,310,000 | 289,588,000 | 308,549,000 | 262,744,000 | 242,222,000 | 245,066,000 | 289,698,000 | 220,816,000 | 195,521,000 | 186,217,000 |
yoy | 13.56% | 15.92% | 14.38% | 6.42% | 4.54% | 8.82% | 10.07% | 15.72% | 31.34% | 24.05% | 18.61% | 18.17% | 6.51% | 18.99% | 23.89% | 31.60% | ||||
qoq | 17.03% | 13.65% | 1.43% | -15.82% | 19.45% | 12.14% | -5.63% | -17.31% | 24.34% | 13.44% | -0.79% | -6.15% | 17.43% | 8.47% | -1.16% | -15.41% | 31.19% | 12.94% | 5.00% | |
cost of revenue: | ||||||||||||||||||||
total cost of revenue | 73,935,000 | 68,812,000 | 64,380,000 | 63,857,000 | 64,534,000 | 63,763,000 | 63,320,000 | 55,325,000 | 53,350,000 | 49,920,000 | 48,987,000 | 43,667,000 | 47,691,000 | 42,768,000 | 44,576,000 | 45,016,000 | 41,164,000 | 43,100,000 | 35,594,000 | 49,010,000 |
gross profit | 407,172,000 | 342,301,000 | 297,348,000 | 292,767,000 | 359,112,000 | 290,890,000 | 252,933,000 | 279,787,000 | 351,903,000 | 276,001,000 | 238,323,000 | 245,921,000 | 260,858,000 | 219,976,000 | 197,646,000 | 200,050,000 | 248,534,000 | 177,716,000 | 159,927,000 | 137,207,000 |
yoy | 13.38% | 17.67% | 17.56% | 4.64% | 2.05% | 5.39% | 6.13% | 13.77% | 34.90% | 25.47% | 20.58% | 22.93% | 4.96% | 23.78% | 23.59% | 45.80% | ||||
qoq | 18.95% | 15.12% | 1.56% | -18.47% | 23.45% | 15.01% | -9.60% | -20.49% | 27.50% | 15.81% | -3.09% | -5.73% | 18.58% | 11.30% | -1.20% | -19.51% | 39.85% | 11.12% | 16.56% | |
gross margin % | 84.63% | 83.26% | 82.20% | 82.09% | 84.77% | 82.02% | 79.98% | 83.49% | 86.84% | 84.68% | 82.95% | 84.92% | 84.54% | 83.72% | 81.60% | 81.63% | 85.79% | 80.48% | 81.80% | 73.68% |
operating expenses: | ||||||||||||||||||||
sales and marketing | 178,179,000 | 179,186,000 | 166,303,000 | 159,661,000 | 176,836,000 | 187,188,000 | 194,330,000 | 180,139,000 | 191,717,000 | 191,282,000 | 169,725,000 | 160,406,000 | 173,760,000 | 156,469,000 | 181,547,000 | 189,782,000 | 174,757,000 | 172,906,000 | 144,268,000 | 205,751,000 |
research and development | 95,159,000 | 96,869,000 | 98,341,000 | 94,839,000 | 99,670,000 | 96,976,000 | 98,433,000 | 85,603,000 | 85,639,000 | 84,514,000 | 86,606,000 | 75,342,000 | 81,870,000 | 67,341,000 | 67,849,000 | 68,690,000 | 64,412,000 | 61,559,000 | 57,646,000 | 93,040,000 |
general and administrative | 53,548,000 | 53,175,000 | 52,889,000 | 54,679,000 | 48,997,000 | 50,090,000 | 63,519,000 | 63,510,000 | 59,452,000 | 56,024,000 | 59,577,000 | 56,584,000 | 50,375,000 | 63,157,000 | 68,443,000 | 57,530,000 | 60,244,000 | 59,498,000 | 55,834,000 | 74,415,000 |
total operating expenses | 326,886,000 | 329,230,000 | 317,533,000 | 309,179,000 | 325,503,000 | 334,254,000 | 356,282,000 | 329,252,000 | 336,808,000 | 331,820,000 | 315,908,000 | 292,332,000 | 306,005,000 | 286,967,000 | 317,839,000 | 316,002,000 | 299,413,000 | 293,963,000 | 257,748,000 | 373,206,000 |
operating income | 80,286,000 | 13,071,000 | -20,185,000 | -16,412,000 | 33,609,000 | -43,364,000 | -103,349,000 | -49,465,000 | 15,095,000 | -55,819,000 | -77,585,000 | -46,411,000 | -45,147,000 | -66,991,000 | -120,193,000 | -115,952,000 | -50,879,000 | -116,247,000 | -97,821,000 | -235,999,000 |
yoy | 138.88% | -130.14% | -80.47% | -66.82% | 122.65% | -22.31% | 33.21% | 6.58% | -133.44% | -16.68% | -35.45% | -59.97% | -11.27% | -42.37% | 22.87% | -50.87% | ||||
qoq | 514.23% | -164.76% | 22.99% | -148.83% | -177.50% | -58.04% | 108.93% | -427.69% | -127.04% | -28.05% | 67.17% | 2.80% | -32.61% | -44.26% | 3.66% | 127.90% | -56.23% | 18.84% | -58.55% | |
operating margin % | 16.69% | 3.18% | -5.58% | -4.60% | 7.93% | -12.23% | -32.68% | -14.76% | 3.72% | -17.13% | -27.00% | -16.03% | -14.63% | -25.50% | -49.62% | -47.31% | -17.56% | -52.64% | -50.03% | -126.73% |
interest income | 11,670,000 | 11,701,000 | 12,004,000 | 12,648,000 | 12,167,000 | 10,055,000 | 13,370,000 | 13,830,000 | 15,217,000 | 14,483,000 | 13,582,000 | 13,848,000 | 12,898,000 | 9,561,000 | 4,505,000 | 991,000 | 945,000 | 899,000 | 766,000 | 941,000 |
other income | 481,000 | -180,000 | 11,508,000 | -15,964,000 | 8,848,000 | 7,810,000 | 7,710,000 | 10,679,000 | 6,284,000 | 13,725,000 | 7,472,000 | 4,294,000 | 5,290,000 | 888,000 | -4,745,000 | -4,300,000 | -1,225,000 | |||
income before income taxes | 92,437,000 | 24,592,000 | 3,327,000 | -19,728,000 | 54,624,000 | -25,499,000 | -82,269,000 | -24,956,000 | 36,596,000 | -27,611,000 | -56,531,000 | -28,269,000 | -26,959,000 | -56,542,000 | -116,288,000 | -117,772,000 | -54,679,000 | -119,648,000 | -98,280,000 | -238,276,000 |
benefit from income taxes | -42,419,250 | -174,247,000 | ||||||||||||||||||
net income | 104,462,000 | 198,839,000 | 1,584,000 | -22,555,000 | 51,794,000 | -10,655,000 | -86,097,000 | -28,736,000 | 33,916,000 | -31,537,000 | -60,361,000 | -31,901,000 | -27,689,000 | -57,724,000 | -120,378,000 | -122,561,000 | -63,110,000 | -122,787,000 | -100,026,000 | -239,663,000 |
yoy | 101.69% | -1966.16% | -101.84% | -21.51% | 52.71% | -66.21% | 42.64% | -9.92% | -222.49% | -45.37% | -49.86% | -73.97% | -56.13% | -52.99% | 20.35% | -48.86% | ||||
qoq | -47.46% | 12452.97% | -107.02% | -143.55% | -586.10% | -87.62% | 199.61% | -184.73% | -207.54% | -47.75% | 89.21% | 15.21% | -52.03% | -52.05% | -1.78% | 94.20% | -48.60% | 22.76% | -58.26% | |
net income margin % | 21.71% | 48.37% | 0.44% | -6.32% | 12.23% | -3.00% | -27.22% | -8.58% | 8.37% | -9.68% | -21.01% | -11.02% | -8.97% | -21.97% | -49.70% | -50.01% | -21.78% | -55.61% | -51.16% | -128.70% |
net income per share | 0.19 | 0.37 | -0.04 | 0.09 | -0.02 | -0.15 | -0.05 | 0.06 | -0.06 | -0.11 | -0.06 | -0.05 | -0.1 | -0.22 | -0.23 | -0.08 | -0.23 | -0.19 | -1.11 | |
weighted-average shares used for eps calculation | 538,125 | 532,255 | 536,169 | 548,451 | 559,933 | 551,036 | 568,042 | 569,925 | 563,855 | 567,036 | 562,883 | 557,878 | 548,022 | 550,164 | 546,058 | 541,902 | 454,625 | 531,718 | 526,512 | 215,352 |
provision for income taxes | 1,743,000 | 2,827,000 | 2,830,000 | -14,844,000 | 3,828,000 | 3,780,000 | 2,680,000 | 3,926,000 | 3,830,000 | 3,632,000 | 730,000 | 1,182,000 | 4,090,000 | 4,789,000 | 8,431,000 | 3,139,000 | 1,746,000 | 1,387,000 | ||
other expense | -600,000 | -2,811,000 | -3,218,000 | |||||||||||||||||
maintenance and support | 90,319,000 | 77,642,000 | ||||||||||||||||||
services and other | 9,655,000 | 8,359,000 | ||||||||||||||||||
undistributed earnings attributable to participating securities | ||||||||||||||||||||
net loss attributable to common stockholders, basic and diluted | -100,026,000 | |||||||||||||||||||
revenue | ||||||||||||||||||||
cost of revenue | ||||||||||||||||||||
operating expenses |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 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 |
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assets | ||||||||||||||||||||
current assets | ||||||||||||||||||||
cash and cash equivalents | 871,157,000 | 743,660,000 | 628,617,000 | 700,641,000 | 879,196,000 | 773,630,000 | 939,313,000 | 1,146,618,000 | 1,061,678,000 | 1,003,080,000 | 1,093,898,000 | 1,311,576,000 | 1,402,119,000 | 1,451,152,000 | 1,607,356,000 | 1,679,217,000 | 1,768,723,000 | 1,776,417,000 | 1,826,424,000 | 1,796,267,000 |
restricted cash | 438,000 | 438,000 | 438,000 | 438,000 | 438,000 | 438,000 | 438,000 | 438,000 | 438,000 | 444,000 | 400,000 | |||||||||
marketable securities | 601,329,000 | 654,526,000 | 818,870,000 | 854,392,000 | 750,322,000 | 795,411,000 | 804,061,000 | 788,920,000 | 818,145,000 | 814,097,000 | 735,670,000 | 469,071,000 | 354,774,000 | 225,605,000 | 114,188,000 | 114,749,000 | 96,417,000 | 102,009,000 | 70,140,000 | 83,263,000 |
accounts receivable | 488,265,000 | 366,757,000 | 269,810,000 | 266,619,000 | 451,131,000 | 336,137,000 | 267,706,000 | 270,621,000 | 436,296,000 | 373,091,000 | 226,327,000 | 233,307,000 | 374,217,000 | 275,935,000 | 193,483,000 | 169,061,000 | 251,988,000 | 196,427,000 | 138,945,000 | 136,520,000 |
contract assets | 92,440,000 | 129,335,000 | 117,418,000 | 103,150,000 | 88,735,000 | 109,918,000 | 101,107,000 | 88,146,000 | 84,197,000 | 84,164,000 | 80,602,000 | 68,536,000 | 69,260,000 | 91,551,000 | 94,760,000 | 88,427,000 | 74,831,000 | 63,621,000 | ||
deferred contract acquisition costs | 84,739,000 | 86,499,000 | 85,192,000 | 85,162,000 | 82,461,000 | 79,644,000 | 76,653,000 | 76,309,000 | 74,678,000 | 63,553,000 | 59,326,000 | 53,355,000 | 49,887,000 | 40,168,000 | 35,259,000 | 32,492,000 | 29,926,000 | 24,077,000 | ||
prepaid expenses and other current assets | 105,577,000 | 112,128,000 | 110,391,000 | 99,267,000 | 86,276,000 | 81,300,000 | 85,056,000 | 98,146,000 | 104,980,000 | 91,224,000 | 107,373,000 | 121,429,000 | 94,150,000 | 74,834,000 | 63,430,000 | 61,072,000 | 55,416,000 | 44,668,000 | 51,886,000 | 41,672,000 |
total current assets | 2,243,945,000 | 2,093,343,000 | 2,030,736,000 | 2,109,669,000 | 2,338,559,000 | 2,176,478,000 | 2,274,334,000 | 2,469,198,000 | 2,580,412,000 | 2,429,653,000 | 2,303,596,000 | 2,257,274,000 | 2,344,407,000 | 2,159,245,000 | 2,108,476,000 | 2,145,018,000 | 2,277,301,000 | 2,207,219,000 | 2,159,092,000 | 2,119,904,000 |
marketable securities, non-current | 216,990,000 | 121,609,000 | 75,151,000 | 36,467,000 | 94,113,000 | 34,397,000 | 962,000 | 5,710,000 | 2,942,000 | 2,920,000 | 2,396,000 | 7,364,000 | 19,523,000 | 13,079,000 | ||||||
contract assets, non-current | 1,946,000 | 4,701,000 | 2,659,000 | 2,811,000 | 3,447,000 | 12,618,000 | 9,232,000 | 9,960,000 | 6,214,000 | 6,078,000 | 5,021,000 | 6,930,000 | 6,523,000 | 9,498,000 | 5,722,000 | 5,469,000 | 2,730,000 | 1,255,000 | 2,537,000 | 9,136,000 |
deferred contract acquisition costs, non-current | 153,708,000 | 137,775,000 | 135,955,000 | 138,381,000 | 139,341,000 | 145,968,000 | 146,564,000 | 145,175,000 | 154,317,000 | 139,932,000 | 134,021,000 | 136,571,000 | 137,616,000 | 113,568,000 | 106,654,000 | 103,520,000 | 100,224,000 | 77,849,000 | 58,289,000 | 44,618,000 |
property and equipment | 46,014,000 | 44,604,000 | 41,545,000 | 41,964,000 | 32,740,000 | 25,132,000 | 22,040,000 | 22,741,000 | 23,982,000 | 22,504,000 | 24,679,000 | 26,911,000 | 29,045,000 | 28,152,000 | 25,517,000 | 21,776,000 | 17,176,000 | 14,188,000 | 14,728,000 | 15,149,000 |
operating lease right-of-use assets | 64,472,000 | 65,166,000 | 65,626,000 | 66,299,000 | 66,500,000 | 69,598,000 | 71,033,000 | 60,458,000 | 56,072,000 | 53,711,000 | 52,847,000 | 52,275,000 | 52,052,000 | 50,555,000 | 44,074,000 | 44,895,000 | 48,953,000 | 50,895,000 | 16,302,000 | 16,490,000 |
intangible assets | 19,989,000 | 21,583,000 | 21,604,000 | 24,054,000 | 7,905,000 | 9,331,000 | 11,025,000 | 12,577,000 | 14,704,000 | 16,460,000 | 19,244,000 | 21,167,000 | 23,010,000 | 23,993,000 | 26,856,000 | 15,078,000 | 16,817,000 | 18,467,000 | 18,866,000 | 20,423,000 |
goodwill | 125,310,000 | 120,625,000 | 120,800,000 | 121,371,000 | 87,304,000 | 89,864,000 | 89,530,000 | 88,384,000 | 89,026,000 | 87,293,000 | 90,051,000 | 89,207,000 | 88,010,000 | 83,844,000 | 86,180,000 | 52,123,000 | 53,564,000 | 54,457,000 | 55,193,000 | 58,478,000 |
deferred tax assets | 233,401,000 | 212,999,000 | 26,018,000 | 29,491,000 | 27,963,000 | 27,990,000 | 3,763,000 | 3,900,000 | 4,678,000 | 5,143,000 | 5,895,000 | |||||||||
other assets, non-current | 73,425,000 | 73,571,000 | 72,223,000 | 73,935,000 | 67,398,000 | 71,915,000 | 73,812,000 | 31,621,000 | 25,353,000 | 26,284,000 | 35,108,000 | 40,723,000 | 45,706,000 | 32,252,000 | 20,807,000 | 21,307,000 | 25,534,000 | 23,433,000 | 14,947,000 | 14,536,000 |
total assets | 3,179,200,000 | 2,895,976,000 | 2,592,317,000 | 2,644,442,000 | 2,865,270,000 | 2,663,291,000 | 2,701,333,000 | 2,844,976,000 | 2,954,758,000 | 2,787,058,000 | 2,670,140,000 | 2,642,683,000 | 2,735,206,000 | 2,511,684,000 | 2,434,677,000 | 2,424,720,000 | 2,572,450,000 | 2,467,688,000 | 2,347,881,000 | 2,306,570,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||
current liabilities | ||||||||||||||||||||
accounts payable | 10,161,000 | 14,280,000 | 19,743,000 | 16,885,000 | 33,178,000 | 18,426,000 | 9,910,000 | 6,864,000 | 3,447,000 | 13,664,000 | 1,887,000 | 5,734,000 | 8,891,000 | 11,253,000 | 12,122,000 | 17,442,000 | 11,515,000 | 23,942,000 | 2,874,000 | 5,642,000 |
accrued expenses and other current liabilities | 170,496,000 | 151,871,000 | 145,856,000 | 123,134,000 | 83,923,000 | 93,883,000 | 82,640,000 | 84,793,000 | 83,997,000 | 108,014,000 | 64,404,000 | 63,138,000 | 76,645,000 | 78,892,000 | 74,666,000 | 75,590,000 | 87,958,000 | 82,439,000 | 60,558,000 | 51,057,000 |
accrued compensation and employee benefits | 121,029,000 | 88,551,000 | 65,870,000 | 44,991,000 | 112,355,000 | 88,794,000 | 77,444,000 | 40,663,000 | 137,442,000 | 100,170,000 | 67,836,000 | 48,622,000 | 142,582,000 | 98,086,000 | 80,961,000 | 62,948,000 | 107,788,000 | 75,628,000 | 49,802,000 | |
deferred revenue | 603,737,000 | 533,998,000 | 506,948,000 | 530,857,000 | 569,464,000 | 494,370,000 | 462,509,000 | 465,216,000 | 486,805,000 | 405,837,000 | 384,015,000 | 385,895,000 | 398,334,000 | 288,412,000 | 292,323,000 | 282,263,000 | 297,355,000 | |||
total current liabilities | 905,423,000 | 788,700,000 | 738,417,000 | 715,867,000 | 798,920,000 | 695,473,000 | 632,503,000 | 597,536,000 | 711,691,000 | 627,685,000 | 518,142,000 | 503,389,000 | 626,452,000 | 476,643,000 | 460,072,000 | 438,243,000 | 527,501,000 | 467,289,000 | 374,544,000 | 328,590,000 |
deferred revenue, non-current | 103,568,000 | 99,155,000 | 104,313,000 | 141,169,000 | 135,843,000 | 149,361,000 | 150,346,000 | 150,934,000 | 161,027,000 | 132,600,000 | 103,780,000 | 113,222,000 | 121,697,000 | 107,633,000 | 66,598,000 | 56,832,000 | 68,665,000 | |||
operating lease liabilities, non-current | 70,940,000 | 72,016,000 | 72,623,000 | 73,433,000 | 74,230,000 | 76,798,000 | 78,166,000 | 62,772,000 | 58,713,000 | 57,687,000 | 56,699,000 | 56,564,000 | 56,442,000 | 55,085,000 | 46,765,000 | 46,346,000 | 49,843,000 | 51,164,000 | 12,328,000 | 12,968,000 |
other liabilities, non-current | 16,682,000 | 11,488,000 | 11,261,000 | 15,512,000 | 10,515,000 | 9,814,000 | 6,737,000 | 6,730,000 | 7,213,000 | 7,873,000 | 8,153,000 | 13,971,000 | 10,457,000 | 12,499,000 | 11,693,000 | 3,105,000 | 4,524,000 | 6,961,000 | 7,591,000 | 10,247,000 |
total liabilities | 1,096,613,000 | 971,359,000 | 926,614,000 | 945,981,000 | 1,019,508,000 | 931,446,000 | 867,752,000 | 817,972,000 | 938,644,000 | 825,845,000 | 686,774,000 | 687,146,000 | 815,048,000 | 651,860,000 | 585,128,000 | 544,526,000 | 650,533,000 | 584,283,000 | 448,928,000 | 407,029,000 |
commitments and contingencies | ||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||
preferred stock, 0.00001 par value per share... | ||||||||||||||||||||
class a common stock, 0.00001 par value per share... | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 |
class b common stock, 0.00001 par value per share... | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
treasury stock | -833,905,000 | -824,329,000 | -824,842,000 | -724,224,000 | -494,779,000 | -486,985,000 | -322,047,000 | -124,620,000 | -102,615,000 | -52,649,000 | ||||||||||
additional paid-in capital | 4,585,430,000 | 4,531,257,000 | 4,474,638,000 | 4,403,586,000 | 4,333,300,000 | 4,249,569,000 | 4,176,531,000 | 4,089,795,000 | 4,024,079,000 | 3,958,795,000 | 3,888,414,000 | 3,801,656,000 | 3,736,838,000 | 3,649,474,000 | 3,577,278,000 | 3,488,255,000 | 3,406,959,000 | 3,312,405,000 | 3,213,595,000 | 3,117,853,000 |
accumulated other comprehensive income | 36,601,000 | 27,690,000 | 24,747,000 | 29,523,000 | -4,890,000 | 8,924,000 | 8,105,000 | 4,740,000 | 8,825,000 | 3,158,000 | 11,506,000 | 10,074,000 | 7,612,000 | 6,953,000 | 11,150,000 | 10,441,000 | 10,899,000 | 3,831,000 | ||
accumulated deficit | -1,705,545,000 | -1,810,007,000 | -2,008,846,000 | -2,010,430,000 | -1,987,875,000 | -2,039,669,000 | -2,029,014,000 | -1,942,917,000 | -1,914,181,000 | -1,948,097,000 | -1,916,560,000 | -1,856,199,000 | -1,824,298,000 | -1,796,609,000 | -1,738,885,000 | -1,618,507,000 | -1,495,946,000 | -1,432,836,000 | -1,310,049,000 | -1,210,023,000 |
total stockholders’ equity | 2,082,587,000 | 1,924,617,000 | 1,665,703,000 | 1,698,461,000 | 1,845,762,000 | 1,731,845,000 | 1,833,581,000 | 2,027,004,000 | 2,016,114,000 | 1,961,213,000 | 1,983,366,000 | 1,955,537,000 | 1,920,158,000 | 1,859,824,000 | 1,849,549,000 | 1,880,194,000 | 1,921,917,000 | 1,883,405,000 | 1,898,953,000 | 1,899,541,000 |
total liabilities and stockholders’ equity | 3,179,200,000 | 2,895,976,000 | 2,592,317,000 | 2,644,442,000 | 2,865,270,000 | 2,663,291,000 | 2,701,333,000 | 2,844,976,000 | 2,954,758,000 | 2,787,058,000 | 2,670,140,000 | 2,642,683,000 | 2,735,206,000 | 2,511,684,000 | 2,434,677,000 | 2,424,720,000 | ||||
liabilities and stockholders' equity | ||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||
deferred tax asset | 5,573,000 | 5,915,000 | 7,657,000 | 7,995,000 | 8,170,000 | 10,628,000 | ||||||||||||||
restricted cash, non-current | ||||||||||||||||||||
liabilities, convertible preferred stock, and stockholders’ equity | ||||||||||||||||||||
accrued compensation and benefits | 130,673,000 | |||||||||||||||||||
convertible preferred stock, 0.00001 par value per share... | ||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||
total liabilities, convertible preferred stock, and stockholders’ equity | 2,572,450,000 | 2,467,688,000 | 2,347,881,000 | 2,306,570,000 | ||||||||||||||||
deferred tax asset, non-current | 6,846,000 | 7,927,000 | 7,836,000 | |||||||||||||||||
liabilities, convertible preferred stock, and stockholders' equity | ||||||||||||||||||||
deferred revenues | 253,120,000 | |||||||||||||||||||
deferred revenues, non-current | 58,869,000 | 54,465,000 | 55,224,000 | |||||||||||||||||
restricted cash, current | 13,500,000 | |||||||||||||||||||
contract assets, current | 53,555,000 | 35,058,000 | ||||||||||||||||||
deferred contract acquisition costs, current | 18,142,000 | 13,624,000 | ||||||||||||||||||
deferred revenues, current | 235,484,000 | 222,089,000 | ||||||||||||||||||
accumulated other comprehensive loss | -4,598,000 | -8,294,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-01-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||
net income | 104,462,000 | |||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||
depreciation and amortization | 4,973,000 | 4,513,000 | 4,230,000 | 3,253,000 | 3,215,000 | 4,534,000 | 4,581,000 | 4,902,000 | 6,042,000 | 5,395,000 | 5,544,000 | 5,616,000 | 5,730,000 | 4,928,000 | 4,026,000 | 4,039,000 | 4,008,000 | 3,731,000 | 3,794,000 | 3,172,000 |
amortization of deferred contract acquisition costs | 38,266,000 | 26,931,000 | 22,841,000 | 21,324,000 | 29,138,000 | 23,559,000 | 20,925,000 | 18,467,000 | 22,643,000 | 21,599,000 | 17,157,000 | 14,072,000 | 21,859,000 | 16,107,000 | 11,038,000 | 10,822,000 | 19,353,000 | 8,933,000 | 6,051,000 | 4,920,000 |
net accretion on marketable securities | -1,189,000 | -2,085,000 | -3,332,000 | -3,630,000 | ||||||||||||||||
stock-based compensation expense | 64,834,000 | 71,475,000 | 78,006,000 | 76,361,000 | 87,631,000 | 87,488,000 | 94,305,000 | 88,727,000 | 88,930,000 | 95,880,000 | 102,097,000 | 85,048,000 | 99,043,000 | 81,091,000 | 88,252,000 | 101,454,000 | 77,032,000 | 95,103,000 | 92,613,000 | 250,835,000 |
charitable donation of class a common stock | 0 | 0 | 0 | 4,187,000 | 0 | 0 | 0 | 6,564,000 | 0 | 0 | 0 | 4,215,000 | 0 | 0 | ||||||
non-cash operating lease expense | 4,072,000 | 4,213,000 | 5,314,000 | 3,377,000 | 4,137,000 | 4,200,000 | 4,086,000 | 3,476,000 | ||||||||||||
provision for deferred income taxes | -1,000,000 | 640,000 | 979,000 | -21,525,000 | 183,000 | 569,000 | 1,594,000 | -983,000 | 210,000 | -267,000 | -310,000 | -334,000 | ||||||||
credit loss expense | 1,144,000 | |||||||||||||||||||
other non-cash charges (credits) | 961,000 | 2,197,000 | -8,764,000 | 12,704,000 | 2,849,000 | |||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||
accounts receivable | -119,259,000 | -98,947,000 | -5,039,000 | 197,443,000 | -120,235,000 | -67,719,000 | 3,337,000 | 162,444,000 | -62,710,000 | -149,232,000 | 6,168,000 | 141,557,000 | -90,334,000 | -85,156,000 | -25,157,000 | 76,864,000 | -59,359,000 | -59,989,000 | -3,012,000 | 35,973,000 |
contract assets | 40,354,000 | -13,632,000 | -14,054,000 | -9,460,000 | 28,188,000 | -12,406,000 | -12,128,000 | -7,645,000 | 181,000 | -5,420,000 | -10,115,000 | 660,000 | 27,550,000 | -1,589,000 | -7,623,000 | -18,523,000 | -13,666,000 | -9,639,000 | -12,207,000 | -8,148,000 |
deferred contract acquisition costs | -50,585,000 | -29,315,000 | -22,348,000 | -13,954,000 | -29,500,000 | -25,759,000 | -21,461,000 | -12,437,000 | -47,106,000 | -35,338,000 | -20,890,000 | -15,499,000 | -49,252,000 | -30,085,000 | -18,811,000 | -20,761,000 | -49,466,000 | -35,774,000 | -24,741,000 | -20,205,000 |
prepaid expenses and other assets | 6,445,000 | 10,773,000 | -8,077,000 | -13,074,000 | -3,163,000 | 3,914,000 | 7,117,000 | -803,000 | -13,025,000 | 23,926,000 | -819,000 | -5,860,000 | -32,449,000 | -23,084,000 | 954,000 | -5,231,000 | -13,065,000 | 2,045,000 | -12,006,000 | 7,666,000 |
accounts payable | -4,274,000 | -5,695,000 | 3,319,000 | -15,025,000 | 12,902,000 | 8,180,000 | 2,838,000 | 3,936,000 | -10,819,000 | 11,800,000 | -3,903,000 | -2,130,000 | -3,985,000 | -345,000 | -4,795,000 | 7,554,000 | -14,042,000 | 21,212,000 | -3,135,000 | -528,000 |
accrued expenses and other liabilities | 10,670,000 | -1,814,000 | 25,489,000 | 12,352,000 | -1,995,000 | 4,212,000 | 11,213,000 | -4,195,000 | -10,505,000 | 26,538,000 | 6,318,000 | -10,547,000 | ||||||||
accrued compensation and employee benefits | 31,429,000 | 22,508,000 | 21,180,000 | -72,534,000 | 25,159,000 | 11,212,000 | 36,604,000 | -96,403,000 | 36,551,000 | 33,594,000 | 19,206,000 | -93,390,000 | 41,182,000 | 18,946,000 | 20,041,000 | -65,083,000 | 31,864,000 | 27,747,000 | -60,433,000 | |
operating lease liabilities | -4,200,000 | -1,040,000 | -4,266,000 | -2,146,000 | -4,777,000 | -3,767,000 | -3,071,000 | -3,912,000 | -3,294,000 | -2,764,000 | -4,586,000 | -2,946,000 | -2,819,000 | 1,934,000 | -472,000 | -1,950,000 | -3,803,000 | -1,563,000 | -1,891,000 | -1,807,000 |
deferred revenue | 69,617,000 | 21,709,000 | -53,496,000 | -60,261,000 | 70,110,000 | 30,111,000 | -7,190,000 | -24,683,000 | 107,346,000 | 59,672,000 | -8,662,000 | -20,885,000 | 106,514,000 | 44,356,000 | 24,165,000 | -14,289,000 | 58,937,000 | 27,307,000 | 14,784,000 | 4,453,000 |
net cash from operating activities | 182,348,000 | 28,271,000 | 41,587,000 | 119,002,000 | 146,082,000 | 28,070,000 | 46,376,000 | 100,037,000 | 145,602,000 | 41,854,000 | 44,285,000 | 67,341,000 | 93,957,000 | -27,317,000 | -23,737,000 | -52,884,000 | -6,014,000 | -25,426,000 | -6,001,000 | -17,522,000 |
capital expenditures | -3,052,000 | -3,164,000 | 0 | -12,832,000 | -7,392,000 | -4,875,000 | -1,418,000 | -1,238,000 | -3,784,000 | -682,000 | -1,006,000 | -1,870,000 | -2,201,000 | -5,316,000 | -6,606,000 | -9,692,000 | -3,160,000 | -2,078,000 | -1,441,000 | -2,200,000 |
free cash flows | 179,296,000 | 25,107,000 | 41,587,000 | 106,170,000 | 138,690,000 | 23,195,000 | 44,958,000 | 98,799,000 | 141,818,000 | 41,172,000 | 43,279,000 | 65,471,000 | 91,756,000 | -32,633,000 | -30,343,000 | -62,576,000 | -9,174,000 | -27,504,000 | -7,442,000 | -19,722,000 |
cash flows from investing activities: | ||||||||||||||||||||
purchases of marketable securities | -265,252,000 | -207,180,000 | -146,706,000 | -153,353,000 | -308,112,000 | -464,478,000 | -374,628,000 | -323,137,000 | -479,359,000 | -297,407,000 | -493,808,000 | -215,391,000 | -184,098,000 | -158,711,000 | -23,682,000 | -21,918,000 | -51,298,000 | -67,057,000 | 0 | -94,157,000 |
maturities of marketable securities | 224,166,000 | 327,947,000 | 146,051,000 | 111,083,000 | 298,808,000 | 446,439,000 | 370,196,000 | 360,141,000 | 474,504,000 | 237,836,000 | 259,689,000 | 78,955,000 | 58,128,000 | 45,865,000 | 32,620,000 | 14,813,000 | 49,636,000 | 21,504,000 | 12,850,000 | 23,755,000 |
purchases of property and equipment | -3,052,000 | -3,164,000 | 0 | -12,832,000 | -7,392,000 | -4,875,000 | -1,418,000 | -1,238,000 | -3,784,000 | -682,000 | -1,006,000 | -1,870,000 | -2,201,000 | -5,316,000 | -6,606,000 | -9,692,000 | -3,160,000 | -2,078,000 | -1,441,000 | -2,200,000 |
payments related to business acquisitions, net of cash acquired | 0 | -65,000 | ||||||||||||||||||
other investing | 1,486,000 | 0 | 0 | 0 | 2,754,000 | 1,704,000 | 0 | -1,607,000 | 1,100,000 | |||||||||||
net cash from investing activities | -42,652,000 | 100,764,000 | -655,000 | -79,923,000 | -16,696,000 | -22,914,000 | -41,659,000 | 35,766,000 | -8,639,000 | -60,253,000 | -235,125,000 | -135,552,000 | -126,467,000 | -118,227,000 | -28,752,000 | -15,697,000 | -6,322,000 | -51,041,000 | 11,048,000 | 10,873,000 |
cash flows from financing activities: | ||||||||||||||||||||
repurchases of class a common stock | 0 | 0 | -101,576,000 | -227,525,000 | -9,348,000 | -162,651,000 | -196,747,000 | -22,005,000 | -49,966,000 | |||||||||||
proceeds from exercise of stock options | 89,000 | 444,000 | 221,000 | 302,000 | 7,098,000 | 291,000 | 331,000 | 312,000 | 1,319,000 | 1,517,000 | 2,717,000 | 1,187,000 | 783,000 | 2,923,000 | 1,859,000 | 2,823,000 | 2,510,000 | 3,036,000 | 3,537,000 | 3,114,000 |
payments of tax withholdings on net settlement of equity awards | -14,083,000 | -12,195,000 | -17,447,000 | -14,534,000 | -16,990,000 | -28,959,000 | -36,572,000 | -22,663,000 | -26,930,000 | -25,902,000 | -19,795,000 | -14,583,000 | -21,388,000 | -17,329,000 | -167,000 | -746,000 | ||||
proceeds from employee stock purchase plan contributions | 2,995,000 | 3,795,000 | 3,855,000 | 4,214,000 | 2,712,000 | 4,251,000 | 3,726,000 | 4,916,000 | 3,302,000 | 4,610,000 | 4,913,000 | 4,730,000 | 1,486,000 | 5,018,000 | 2,151,000 | 6,356,000 | 5,274,000 | 6,864,000 | ||
payments of deferred or contingent consideration related to business acquisitions | ||||||||||||||||||||
net cash from financing activities | -14,402,000 | -11,167,000 | -111,602,000 | -235,204,000 | -16,985,000 | -172,643,000 | -215,151,000 | -45,736,000 | -81,917,000 | -69,151,000 | -25,197,000 | -20,630,000 | -16,874,000 | -6,642,000 | -18,966,000 | -18,187,000 | -2,369,000 | 20,089,000 | 9,040,000 | 1,442,913,000 |
effect of exchange rate changes | 2,203,000 | -2,825,000 | -1,354,000 | 17,570,000 | -6,835,000 | 1,804,000 | 3,129,000 | -5,127,000 | 3,546,000 | -3,224,000 | -1,241,000 | -1,702,000 | 351,000 | -4,018,000 | -406,000 | -2,738,000 | 7,011,000 | 6,371,000 | 2,570,000 | 2,313,000 |
net decrease in cash, cash equivalents, and restricted cash | 127,497,000 | 115,043,000 | 105,566,000 | -165,683,000 | -90,774,000 | |||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | ||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | ||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||
cash paid for interest | 0 | 0 | 264,000 | 45,000 | 48,000 | 102,000 | 327,000 | 86,000 | -69,000 | 193,000 | 250,000 | 277,000 | 179,000 | 199,000 | 99,000 | 214,000 | ||||
cash paid for income taxes | -2,766,000 | 1,451,000 | 5,075,000 | 6,052,000 | 1,011,000 | 3,644,000 | 4,663,000 | 7,391,000 | 1,686,000 | 1,902,000 | 1,016,000 | 6,218,000 | 1,939,000 | 1,450,000 | 14,828,000 | 2,782,000 | 1,774,000 | 2,645,000 | 959,000 | 3,076,000 |
supplemental disclosures of non-cash investing and financing activities: | ||||||||||||||||||||
deferred and contingent consideration recognized in connection with business acquisition | 0 | 0 | 0 | 9,835,000 | ||||||||||||||||
tax withholdings on net settlement of restricted stock units, accrued but not yet paid | -37,000 | -91,000 | 1,716,000 | 3,136,000 | 381,000 | 224,000 | -235,000 | 4,304,000 | -3,479,000 | 4,367,000 | 470,000 | 1,996,000 | -304,000 | -2,612,000 | -2,470,000 | 7,599,000 | 9,218,000 | |||
property and equipment purchases included in accounts payable | -2,000 | -2,000 | -1,000 | 63,000 | 305,000 | 99,000 | 50,000 | 65,000 | ||||||||||||
payable for repurchase of class a common stock | ||||||||||||||||||||
prior period amounts have been expanded or aggregated to conform to current period presentation | ||||||||||||||||||||
cash flows from operating activities | ||||||||||||||||||||
benefit from deferred income taxes | ||||||||||||||||||||
cash flows from investing activities | ||||||||||||||||||||
payments related to business acquisition, net of cash acquired | 0 | 0 | -24,821,000 | |||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||
payments of tax withholdings on settlement of equity awards | ||||||||||||||||||||
payment of deferred consideration related to business acquisition | 0 | 0 | 0 | 0 | ||||||||||||||||
cash, cash equivalents, and restricted cash - beginning of period | 0 | 0 | 879,634,000 | 0 | 0 | 1,062,116,000 | 0 | 0 | 1,768,723,000 | |||||||||||
cash, cash equivalents, and restricted cash - end of period | 115,043,000 | -72,024,000 | 701,079,000 | -165,683,000 | -207,305,000 | 1,147,056,000 | -156,204,000 | -71,861,000 | 1,679,217,000 | |||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | ||||||||||||||||||||
net loss | 1,584,000 | -22,555,000 | 51,794,000 | -10,655,000 | -86,097,000 | -28,736,000 | 33,916,000 | -31,537,000 | -60,361,000 | -31,901,000 | -27,689,000 | -57,724,000 | -120,378,000 | -122,561,000 | -63,110,000 | -122,787,000 | -100,026,000 | -239,663,000 | ||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||
purchases of investments | 0 | 0 | ||||||||||||||||||
net (payments) receipts of tax withholdings on sell-to-cover equity award transactions | 652,000 | 0 | ||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -178,555,000 | 84,940,000 | ||||||||||||||||||
abandonment and impairment charges | 0 | |||||||||||||||||||
other non-cash credits | -2,275,000 | |||||||||||||||||||
net receipts (payments) of tax withholdings on sell-to-cover equity award transactions | 0 | 0 | ||||||||||||||||||
repurchase of unvested early exercised stock options | 0 | 0 | ||||||||||||||||||
supplemental disclosures of non-cash investing and financing activity: | ||||||||||||||||||||
value of shares issued in payment of business acquisitions | 0 | 0 | ||||||||||||||||||
loan notes issued in connection with business acquisitions | ||||||||||||||||||||
reduction in accrued expenses and other liabilities for vesting of early exercised stock options | 1,000 | 2,000 | 0 | 0 | 1,355,000 | 294,000 | 462,000 | 615,000 | 1,646,000 | |||||||||||
purchases of property and equipment included in accounts payable | ||||||||||||||||||||
net amortization on marketable securities | -8,025,000 | -9,259,000 | -9,268,000 | -8,690,000 | -8,811,000 | -6,648,000 | -4,097,000 | |||||||||||||
payable for marketable securities purchase | -744,000 | |||||||||||||||||||
other non-cash (credits) charges | 393,000 | -966,000 | -751,000 | |||||||||||||||||
net payments of tax withholdings on sell-to-cover equity award transactions | 34,000 | -34,000 | -645,000 | -10,037,000 | ||||||||||||||||
receivable from maturities of marketable securities included in prepaid expense and other current assets | 20,315,000 | |||||||||||||||||||
sales of marketable securities | 0 | 0 | 0 | 89,383,000 | ||||||||||||||||
capitalized software development costs | ||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts and commissions | 0 | 0 | 0 | 692,369,000 | ||||||||||||||||
payments of initial public offering costs | 0 | 0 | -1,328,000 | -2,406,000 | ||||||||||||||||
proceeds from issuance of convertible preferred stock | 0 | 0 | 0 | 750,000,000 | ||||||||||||||||
issuance costs related to convertible preferred stock | ||||||||||||||||||||
stock-based compensation capitalized for software development | 0 | 2,205,000 | 131,000 | 2,151,000 | ||||||||||||||||
amortization of operating lease right-of-use assets | 3,364,000 | 3,228,000 | 3,071,000 | 3,120,000 | 3,958,000 | 1,838,000 | 2,759,000 | 2,862,000 | 2,433,000 | |||||||||||
cash, cash equivalents and restricted cash - beginning of period | 0 | 0 | 371,190,000 | |||||||||||||||||
cash, cash equivalents and restricted cash - end of period | -50,007,000 | 16,657,000 | 1,809,767,000 | |||||||||||||||||
other non-cash charges | 624,000 | |||||||||||||||||||
net decrease in cash and cash equivalents | -90,543,000 | |||||||||||||||||||
cash and cash equivalents - beginning of period | 1,402,119,000 | |||||||||||||||||||
cash and cash equivalents - end of period | 1,311,576,000 | |||||||||||||||||||
reversal of deferred contract acquisition costs and accrued sales commissions | ||||||||||||||||||||
proceeds from credit agreement | ||||||||||||||||||||
repayment of credit agreement | ||||||||||||||||||||
payment of deferred loan costs related to senior secured credit facility | ||||||||||||||||||||
deferred consideration related to business acquisitions | ||||||||||||||||||||
property and equipment included in accounts payable | 779,000 | |||||||||||||||||||
prior period amounts have been combined to conform to current presentation | ||||||||||||||||||||
net amortization of premium on marketable securities | -359,000 | 387,000 | 473,000 | 563,000 | 524,000 | 309,000 | 558,000 | |||||||||||||
accrued expense and other liabilities | 722,000 | -1,613,000 | -12,894,000 | 9,272,000 | 3,911,000 | 4,573,000 | ||||||||||||||
capitalization of software development costs | -2,179,000 | -361,000 | -410,000 | |||||||||||||||||
payments of issuance costs for convertible preferred stock | 0 | 0 | -164,000 | |||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -156,204,000 | -71,861,000 | -89,506,000 | -7,694,000 | -50,007,000 | 16,657,000 | 1,438,577,000 | |||||||||||||
deferred payments related to business acquisitions | 0 | |||||||||||||||||||
impairment of long-lived assets | ||||||||||||||||||||
( prior period amounts have been combined to conform to current presentation | ||||||||||||||||||||
deferred income taxes | 1,594,000 | -5,475,000 | -223,000 | -155,000 | 21,000 | |||||||||||||||
payment related to business acquisition, net of cash acquired | 0 | 0 | -5,498,000 | |||||||||||||||||
value of shares issued in payment of business acquisition | 0 | 0 | 21,000 | 30,446,000 | ||||||||||||||||
deferred offering costs, accrued but not yet paid | 1,328,000 | |||||||||||||||||||
impairment charges on assets | ||||||||||||||||||||
accrued compensation and benefits | ||||||||||||||||||||
purchases of intangible assets | 0 | |||||||||||||||||||
net receipts of tax withholdings on sell-to-cover equity award transactions | -9,986,000 | 10,935,000 | ||||||||||||||||||
repurchase and retirement of common stock | ||||||||||||||||||||
tax withholdings on net settlement of restricted stock units, accrued and unpaid | -175,000 | -551,000 | ||||||||||||||||||
amortization of deferred loan cost | 66,000 | 67,000 | 66,000 | |||||||||||||||||
loss on fixed asset disposal | ||||||||||||||||||||
provision for bad debt | 465,000 | 50,000 | -709,000 | |||||||||||||||||
provision for uncertain tax position | ||||||||||||||||||||
proceeds from credit facility | ||||||||||||||||||||
repayments of credit facility | ||||||||||||||||||||
non-cash operating lease costs | 1,734,000 |