7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 
      
    		                                   
      cash flows from operating activities
    		                                   
      net income
    		159,029,000 -122,983,000 -139,587,000 -544,609,000 95,373,000 56,470,000 -305,090,000 -954,229,000 9,052,000 -48,634,000 -328,674,000 -1,070,151,000 62,565,000 -62,443,000 -359,624,000 -415,996,000 79,705,000 135,218,000 -286,882,000 -744,986,000 126,098,000 -20,015,000 -305,936,000 -806,285,000 27,799,000 55,233,000 -310,407,000 -930,763,000 28,162,000 32,475,000 -385,785,000 -349,977,000 -443,159,000 -443,093,000 -2,208,837,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                   
      depreciation and amortization
    		2,491,000 2,308,000 37,715,000 119,224,000 920,000 -3,783,000 41,713,000 127,232,000 1,521,000 4,468,000 35,220,000 165,882,000 -43,000,000 41,191,000 38,100,000 86,631,000 4,240,000 4,772,000 23,498,000 64,940,000 879,000 -279,000 21,204,000 66,599,000 -2,014,000 -659,000 23,319,000 66,750,000 2,384,000 961,000 21,553,000 18,786,000 17,467,000 12,585,000 12,450,000 
      stock-based compensation
    		8,477,000 4,548,000 247,338,000 780,794,000 918,000 -4,441,000 263,752,000 966,071,000 39,990,000 3,012,000 314,931,000 1,044,828,000 24,149,000 43,366,000 275,444,000 791,237,000 44,298,000 19,527,000 237,073,000 578,102,000 5,909,000 14,122,000 172,049,000 524,785,000 -34,346,000 33,018,000 162,556,000 411,402,000 -29,562,000 23,113,000 133,258,000 181,044,000 221,702,000 245,028,000 1,992,121,000 
      amortization of debt issuance costs and debt discount
    		1,236,000 -8,192,000 7,642,000                                 
      losses (gains) on debt and equity securities
    		2,390,000 -17,008,000 15,800,000 7,924,000 -2,126,000 -6,306,000 8,968,000 11,872,000 25,589,000 6,399,000 -10,833,000 112,616,000 -87,988,000 -66,917,000 79,127,000                     
      (gain) loss on extinguishment of debt
    		                                   
      other
    		-9,377,000 13,167,000 -805,000 -16,353,000 -8,383,000 27,195,000 -16,612,000 -22,563,000 11,912,000 -5,911,000 -10,396,000 3,463,000 9,054,000 1,954,000 1,125,000 9,375,000 -35,588,000 50,538,000 -15,682,000 -8,213,000 9,559,000 -12,731,000 10,424,000 -27,330,000 154,000 518,000 -1,917,000 -9,511,000 14,501,000 -2,501,000 -3,392,000 -2,642,000 -2,042,000 -3,564,000 1,892,000 
      change in operating assets and liabilities, net of effect of acquisitions:
    		                                   
      accounts receivable, net of allowance
    		-86,008,000 -197,304,000 194,216,000 -42,064,000 -15,025,000 -199,123,000 162,207,000 30,845,000 -25,343,000 -392,002,000 288,373,000 -137,190,000 98,411,000 -207,028,000 126,027,000 -200,059,000 41,544,000 -303,768,000 129,316,000 -103,962,000 -167,510,000 -77,238,000 92,892,000 -85,007,000 -23,104,000 -111,621,000 71,870,000 -58,672,000 -4,908,000 -62,623,000 48,697,000 -79,844,000 -16,304,000 -21,653,000 13,444,000 
      prepaid expenses and other current assets
    		-9,255,000 15,770,000 -22,828,000 -48,458,000 46,440,000 -20,897,000 -13,629,000 -9,083,000 261,000 12,106,000 -13,204,000 -47,961,000 19,024,000 15,198,000 -27,178,000 -22,416,000 -5,256,000 13,501,000 -12,436,000 -3,979,000 -14,731,000 16,990,000 -12,867,000 -9,359,000 4,271,000 -5,032,000 271,000 2,029,000 -8,250,000 18,254,000 -10,439,000 9,182,000 -1,130,000 -4,399,000 -43,436,000 
      operating lease right-of-use assets
    		1,112,000 -326,000 14,123,000 41,396,000 -2,198,000 1,354,000 13,575,000 52,770,000 87,000 159,000 17,658,000 53,519,000 -377,000 1,315,000 16,984,000 35,788,000 -1,079,000 1,351,000 11,198,000 28,886,000 517,000 821,000 8,716,000             
      other assets
    		2,278,000 -11,127,000 9,010,000 -13,042,000 4,045,000 4,187,000 -5,142,000 5,005,000 -1,492,000 -2,125,000 850,000 4,591,000 2,135,000 -6,922,000 -308,000 -6,712,000 -3,866,000 560,000 -898,000 -14,832,000 3,282,000 1,263,000 -1,155,000 -970,000 -630,000 3,137,000 -368,000 14,696,000 -1,932,000 4,817,000 4,204,000 3,774,000 1,563,000 -12,823,000 2,715,000 
      accounts payable
    		132,328,000 -128,463,000 34,260,000 -84,086,000 44,914,000 -27,467,000 -34,089,000 111,939,000 -25,377,000 45,398,000 -36,972,000 37,111,000 13,300,000 -58,899,000 54,980,000 42,495,000 61,243,000 -106,664,000 56,505,000 16,939,000 1,156,000 -3,455,000 5,734,000 16,454,000 -16,789,000 17,919,000 3,090,000 -35,616,000 11,737,000 27,416,000 -37,069,000 45,593,000 -5,214,000 3,698,000 5,619,000 
      accrued expenses and other current liabilities
    		-123,769,000 310,263,000 -162,568,000 131,060,000 -26,490,000 64,202,000 -18,381,000 -43,777,000 52,926,000 143,172,000 -90,191,000 11,670,000 74,428,000 48,436,000 -62,828,000 60,405,000 28,997,000 22,341,000 5,349,000 47,006,000 46,732,000 -3,047,000 17,910,000 122,820,000 15,508,000 22,058,000 -14,323,000 -29,166,000 34,197,000 -9,207,000 -10,149,000 -2,461,000 21,259,000 12,986,000 69,204,000 
      operating lease liabilities
    		9,817,000 8,501,000 -16,993,000 -46,279,000 -2,444,000 -10,000 -13,930,000 -51,826,000 1,611,000 758,000 -18,550,000 -56,770,000 4,383,000 1,317,000 -17,816,000 -35,383,000 -5,852,000 5,236,000 -13,295,000 -33,970,000 -4,775,000 3,009,000 -13,994,000 -24,836,000 -19,227,000 -6,311,000 -10,470,000         
      other liabilities
    		-2,960,000 791,000 1,226,000 5,430,000 796,000 -1,576,000 3,268,000 3,965,000 3,977,000 159,000 1,054,000 2,031,000 3,887,000 -2,475,000 2,013,000 3,804,000 822,000 -748,000 2,096,000 9,495,000 -413,000 598,000 137,000 913,000 -1,980,000 -542,000 655,000 8,036,000 -8,725,000 149,000 6,905,000 3,555,000 2,480,000 1,938,000 1,319,000 
      net cash from operating activities
    		57,994,000 -63,116,000 151,610,000 297,608,000 137,249,000 -109,729,000 88,352,000 233,740,000 94,717,000 -233,038,000 151,102,000 128,669,000 180,026,000 -251,540,000 127,459,000 221,328,000 172,638,000 -237,972,000 136,886,000 -112,816,000 11,726,000 -72,837,000 6,283,000 -228,809,000 19,640,000 -29,611,000 -66,178,000 -557,381,000 66,803,000 32,635,000 -231,981,000 -176,083,000 -194,013,000 -209,574,000 -154,997,000 
      capex
    		11,657,000 -27,487,000 -37,214,000 -150,785,000 8,021,000 -1,614,000 -50,448,000 -138,292,000 -36,492,000 10,687,000 -47,630,000 -91,470,000 -14,466,000 -2,195,000 -21,175,000 -50,039,000 -5,213,000 -3,772,000 -10,851,000 -43,105,000 1,040,000 -4,876,000 -10,891,000 -28,540,000 -305,000 4,181,000 -11,814,000 -93,957,000 8,616,000 1,414,000 -36,315,000 -21,212,000 -25,948,000 -19,365,000 -17,993,000 
      free cash flows
    		69,651,000 -90,603,000 114,396,000 146,823,000 145,270,000 -111,343,000 37,904,000 95,448,000 58,225,000 -222,351,000 103,472,000 37,199,000 165,560,000 -253,735,000 106,284,000 171,289,000 167,425,000 -241,744,000 126,035,000 -155,921,000 12,766,000 -77,713,000 -4,608,000 -257,349,000 19,335,000 -25,430,000 -77,992,000 -651,338,000 75,419,000 34,049,000 -268,296,000 -197,295,000 -219,961,000 -228,939,000 -172,990,000 
      cash flows from investing activities
    		                                   
      purchases of property and equipment
    		11,657,000 -27,487,000 -37,214,000 -150,785,000 8,021,000 -1,614,000 -50,448,000 -138,292,000 -36,492,000 10,687,000 -47,630,000 -91,470,000 -14,466,000 -2,195,000 -21,175,000 -50,039,000 -5,213,000 -3,772,000 -10,851,000 -43,105,000 1,040,000 -4,876,000 -10,891,000 -28,540,000 -305,000 4,181,000 -11,814,000 -93,957,000 8,616,000 1,414,000 -36,315,000 -21,212,000 -25,948,000 -19,365,000 -17,993,000 
      purchases of strategic investments
    		         1,190,000 -4,480,000 -20,346,000 200,000 -6,050,000 -150,000                     
      sales of strategic investments
    		   1,198,000 -449,000   2,408,000                            
      cash paid for acquisitions, net of cash acquired
    		           -47,417,000 -8,430,000 -10,432,000 -788,000 -273,540,000 -7,071,000 78,608,000 -108,912,000 -135,342,000 -13,304,000           -33,604,000 -128,231,000 -206,163,000 -18,013,000 
      purchases of marketable securities
    		2,214,000 -155,067,000 -235,799,000 -1,582,602,000 69,786,000 -309,180,000 -465,672,000 -1,511,227,000 94,172,000 242,835,000 -874,053,000 -2,663,808,000 -253,775,000 774,326,000 -1,342,381,000 -1,829,807,000 155,195,000 -241,152,000 -523,219,000 -2,376,255,000 -272,471,000 -323,198,000 -552,675,000 -1,362,030,000 -831,838,000 242,000,000 -525,520,000 -1,209,549,000 -47,484,000 80,328,000 -477,213,000 -449,861,000 -670,406,000 -1,319,156,000 -1,423,214,000 
      sales of marketable securities
    		-322,627,000 413,156,000 12,001,000 166,557,000 21,197,000   443,030,000 -69,471,000 80,571,000 5,351,000 36,558,000 36,176,000 -6,795,000 9,777,000 359,556,000 -219,501,000 131,444,000 108,056,000 234,075,000   217,958,000 159,231,000 -52,541,000      45,007,000 69,979,000 203,994,000   
      maturities of marketable securities
    		-81,145,000 37,582,000 263,766,000 1,073,459,000 -109,168,000 62,225,000 384,928,000 1,867,138,000 -54,256,000 -312,488,000 924,323,000 1,601,344,000 369,845,000 211,481,000 342,545,000 2,043,804,000 -203,971,000 -120,039,000 816,931,000 2,068,593,000 192,369,000 -276,124,000 752,685,000 1,197,775,000 87,046,000 -134,594,000 458,627,000 1,877,741,000 -18,044,000 -209,319,000 787,828,000 651,898,000 783,848,000 602,432,000 445,047,000 
      net cash from investing activities
    		-323,352,000 212,685,000 2,754,000 -494,273,000 -8,513,000 -83,115,000 -131,183,000 602,562,000 -5,209,000 -32,237,000 5,838,000 -1,127,340,000 53,626,000 1,029,104,000 -1,017,665,000 245,429,000 -287,071,000 -148,686,000 280,555,000 -354,614,000 116,874,000 -863,701,000 371,577,000 -40,289,000 -873,034,000 265,643,000 -80,928,000 604,893,000 -33,647,000 -196,039,000 319,247,000 214,990,000 162,952,000 -709,883,000 -1,014,798,000 
      cash flows from financing activities
    		                                   
      proceeds from issuance of notes, net of issuance costs
    		  1,473,083,000                                 
      purchase of capped calls
    		              -177,000,000         0            
      proceeds from termination of capped calls
    		                                   
      proceeds from the exercise of stock options
    		   2,494,000 7,879,000 2,356,000 69,000 1,033,000 -377,000 353,000 29,000 4,055,000 -1,171,000 -878,000 2,266,000 10,626,000 788,000 -1,196,000 4,453,000 31,775,000 -18,043,000 17,347,000 3,130,000 8,739,000 6,446,000 -4,254,000 5,596,000 47,846,000 -1,772,000 -43,895,000 45,809,000 4,524,000 6,072,000 189,000 594,000 
      repurchases of class a non-voting common stock
    		 13,627,000 -257,100,000   159,159,000 -235,114,000     -500,539,000                        
      deferred payments for acquisitions
    		 48,415,000 -57,977,000     -259,992,000 231,647,000 -240,060,000 -2,028,000                         
      repurchases of convertible notes
    		  -1,444,626,000   22,370,000 -440,706,000                             
      repayment of convertible notes
    		                                   
      net cash from financing activities
    		279,062,000 -2,556,000 -288,519,000 -438,928,000 -226,519,000 912,574,000 -675,751,000 -448,353,000 231,270,000 -239,707,000 -1,999,000 807,010,000 -498,678,000 -1,310,384,000 1,308,766,000 1,061,028,000 -1,049,614,000 1,049,206,000 4,453,000 920,357,000 -906,625,000 905,929,000 3,130,000 8,302,000 1,156,208,000 -4,254,000 5,596,000 47,295,000 -1,772,000 -43,344,000 45,258,000 -22,398,000 -153,062,000 -5,980,000 2,446,788,000 
      change in cash, cash equivalents, and restricted cash
    		13,704,000 147,013,000 -134,155,000 -635,593,000 -97,783,000 719,730,000 -718,582,000 387,949,000 320,778,000 -504,982,000 154,941,000 -191,661,000 -265,026,000 -532,820,000 418,560,000 1,527,785,000 -1,164,047,000 662,548,000 421,894,000 452,927,000 -778,025,000 -30,609,000 380,990,000 -260,796,000 302,814,000 231,778,000 -141,510,000 94,807,000 31,384,000 -206,748,000 132,524,000     
      cash, cash equivalents, and restricted cash, beginning of period
    		12,858,000 -134,155,000 1,050,234,000 717,434,000 1,148,000 -718,582,000 1,782,462,000 195,100,000 -350,041,000 154,941,000 1,423,776,000 -304,300,000 -114,260,000 418,560,000 1,994,723,000 -1,506,336,000 1,084,442,000 421,894,000 546,543,000 -731,371,000 350,381,000 380,990,000 521,260,000 51,242,000 90,268,000 -141,510,000 388,974,000 -58,300,000 -74,224,000 132,524,000 337,007,000     
      cash, cash equivalents, and restricted cash, end of period
    		26,562,000 12,858,000 916,079,000 81,841,000 -96,635,000 1,148,000 1,063,880,000 583,049,000 -29,263,000 -350,041,000 1,578,717,000 -495,961,000 -379,286,000 -114,260,000 2,413,283,000 21,449,000 -79,605,000 1,084,442,000 968,437,000 -278,444,000 -427,644,000 350,381,000 902,250,000 -209,554,000 393,082,000 90,268,000 247,464,000 36,507,000 -42,840,000 -74,224,000 469,531,000     
      gain on extinguishment of debt
    		  -66,939,000                                 
      amortization of debt issuance costs
    		   6,671,000 509,000 466,000 1,742,000 5,519,000 3,000 3,000 1,836,000  55,000 367,000 1,413,000                     
      proceeds from issuance of convertible notes, net of issuance costs
    		              1,483,500,000         -437,000            
      payments of debt issuance costs
    		                                   
      supplemental disclosures
    		                                   
      cash paid for income taxes
    		       26,779,000 -1,917,000 -10,941,000 17,003,000 10,605,000 -3,366,000 2,212,000 2,636,000 23,393,000 -1,340,000 -7,728,000 11,008,000 2,383,000 747,000 -246,000 808,000 -487,000 1,042,000 -719,000 320,000 2,840,000 -648,000 415,000 991,000 789,000 -53,000 1,945,000 3,545,000 
      cash paid for interest
    		       5,838,000 3,674,000 -3,689,000 4,421,000 4,687,000 3,635,000 -2,903,000 3,454,000 7,379,000 1,894,000 -3,513,000 5,127,000 6,906,000 4,747,000 -4,533,000 4,899,000             
      induced conversion expense related to convertible notes
    		               37,002,000                    
      amortization of debt discount and issuance costs
    		               3,202,000 -39,000 104,000 1,044,000 56,898,000 4,091,000 8,849,000 11,563,000 11,385,000            
      (gains) losses on debt and equity securities
    		               -168,045,000                    
      gain on divestiture
    		                                   
      proceeds from divestiture
    		                                   
      supplemental disclosures of non-cash activities
    		                                   
      net change in accounts payable and accrued expenses and other current liabilities related to property and equipment additions
    		                           -1,486,000 -6,421,000 -302,000 445,000 17,294,000 -412,000 612,000 -4,355,000 
      strategic investments
    		                                   
      non-marketable investments
    		                 -78,590,000 -1,350,000 -108,086,000 52,841,000 -20,841,000 -35,500,000 -4,431,000 -600,000 1,800,000 -2,250,000 -22,245,000 20,760,000   -2,500,000 0 -6,905,000 -625,000 
      deferred income taxes
    		                   -5,140,000 932,000 -1,724,000 -394,000 -661,000 -121,000 557,000 -266,000 -259,000 -141,000 -219,000 236,000 -3,093,000 -12,632,000 -277,000 -1,488,000 
      lease exit charges
    		                           3,693,000        
      stock repurchases from employees for tax withholdings
    		                              -551,000 -26,922,000 -158,827,000   
      excess inventory reserve and related asset impairment
    		                               0    
      sales of property and equipment
    		                          29,000         
      proceeds from issuance of class a common stock in initial public offering, net of underwriting commissions
    		                               0 0 0 2,657,797,000 
      payments of deferred offering costs
    		                                   
      operating lease right-of-use asset
    		                        23,824,000 1,997,000 9,812,000         
      purchases of intangible assets
    		                             -2,445,000 -60,000 -82,000 -305,000   
      issuance of notes receivable from officers/stockholders
    		                                   
      repayment of notes receivables from officers/stockholders
    		                                   
      borrowings from revolving credit facility
    		                                   
      principal payments on revolving credit facility
    		                                   
      payments of initial public offering issuance costs
    		                                -307,000 -4,341,000 -5,024,000 
      repurchase of class b voting common stock and series fp voting preferred stock
    		                                   
      proceeds from issuances of preferred stock, net of issuance costs
    		                                   
      issuance of class b common stock related to acquisitions
    		                                   
      assumed equity awards in acquisitions
    		                               0    
      purchase consideration liabilities related to acquisitions
    		                               4,714,000 530,000 9,341,000 1,901,000 
      repurchase of class b voting common stock and series fp voting preferred stock in exchange for notes receivable from officers/stockholders
    		                                   
      recognition of leased facility asset and lease financing obligation
    		                                   
      deferred offering costs accrued, unpaid
    		                                   
      revenue
    		                                   
      costs and expenses:
    		                                   
      cost of revenue
    		                                   
      research and development
    		                                   
      sales and marketing
    		                                   
      general and administrative
    		                                   
      total costs and expenses
    		                                   
      operating income
    		                                   
      interest income
    		                                   
      interest expense
    		                                   
      other income
    		                                   
      income before income taxes
    		                                   
      income tax benefit
    		                                   
      net income per share
    		                                   
      basic
    		                                   
      diluted
    		                                   
      weighted-average shares used for eps calculation
    		                                   
      construction in progress related to financing lease obligations
    		                            5,000 6,000 425,000 344,000 424,000 426,000 257,000 
      change in restricted cash
    		                               372,000 0   
      other investing activities
    		                                   
      payments of initial public offering costs
    		                                   
      change in cash and cash equivalents
    		                               16,509,000 -184,123,000 -925,437,000 1,276,993,000 
      cash and cash equivalents, beginning of period
    		                               0 0 0 150,121,000 
      cash and cash equivalents, end of period
    		                               16,509,000 -184,123,000 -925,437,000 1,427,114,000 
      issuance of class b voting common stock related to acquisitions
    		                                   
      intangible asset
    		                                   
      domain names
    		                                   
      trademarks
    		                                   
      non-compete agreements
    		                                   
      acquired developed technology
    		                                   
      customer relationships
    		                                   
      patents
    		                                   
      numerator:
    		                                   
      net income attributable to common stockholders
    		                                   
      denominator:
    		                                   
      basic shares:
    		                                   
      weighted-average common shares - basic
    		                                   
      diluted shares:
    		                                   
      weighted-average common shares - diluted
    		                                   
      stock repurchases from employees for minimum tax withholdings
    		                                  -206,579,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.