Modified · Overview

As of March 31June 30, 2026, we had $426.4435.0 million in cash and cash equivalents and $4.34.6 billion in marketable securities. We generated revenue of $1,006.4 million1.1 billion and $761.6826.8 million in the three months ended March 31June 30, 2026 and 2025, respectively, representing year-over-year growth of 3236%. For the six months ended June 30, 2026 and 2025, our revenue was $2.1 billion and $1.6 billion, respectively, representing year-over-year growth of 34%. Substantially all of our revenue is from subscription software sales. While we have continued to make significant expenditures and investments, including in personnel-related costs, sales and marketing, infrastructure and operations, we generated net income of $52.644.6 million and $24.62.6 million for the three months ended March 31June 30, 2026 and 2025, respectively, and $97.1 million and $27.3 million for the six months ended June 30, 2026 and 2025, respectively. Our operating cash flow was $334.6650.5 million and $271.5471.6 million for the threesix months ended March 31June 30, 2026 and 2025, respectively. Our free cash flow was $289.1567.8 million and $244.4409.7 million for the threesix months ended March 31June 30, 2026 and 2025, respectively. See the section titled “—Liquidity and Capital Resources—Non-GAAP Free Cash Flow” below.