Pinterest (PINS) 10-Q30 Apr 242024 Q1 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 24, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-38872
Entity Registrant Name	Pinterest, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-3607129
Entity Address, Address Line One	651 Brannan Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94107
City Area Code	415
Local Phone Number	762-7100
Title of 12(b) Security	Class A Common Stock, $0.00001 par value
Trading Symbol	PINS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001506293
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		599,347,750
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		83,822,143

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 1,632,149	$ 1,361,936
Marketable securities	1,144,260	1,149,148
Accounts receivable, net of allowances of $9,001 and $10,635 as of March 31, 2024 and December 31, 2023, respectively	563,865	763,159
Prepaid expenses and other current assets	73,497	64,316
Total current assets	3,413,771	3,338,559
Property and equipment, net	38,160	32,225
Operating lease right-of-use assets	85,069	92,119
Goodwill and intangible assets, net	115,622	117,462
Other assets	14,097	14,040
Total assets	3,666,719	3,594,405
Current liabilities:
Accounts payable	83,654	79,058
Accrued expenses and other current liabilities	256,229	238,032
Total current liabilities	339,883	317,090
Operating lease liabilities	154,340	160,616
Other liabilities	28,654	26,019
Total liabilities	522,877	503,725
Commitments and contingencies
Stockholders’ equity:
Class A common stock, $0.00001 par value, 6,666,667 shares authorized, 598,867 and 591,663 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively; Class B common stock, $0.00001 par value, 1,333,333 shares authorized, 83,714 and 86,355 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	7	7
Additional paid-in capital	5,321,530	5,241,954
Accumulated other comprehensive loss	(2,615)	(1,013)
Accumulated deficit	(2,175,080)	(2,150,268)
Total stockholders’ equity	3,143,842	3,090,680
Total liabilities and stockholders’ equity	$ 3,666,719	$ 3,594,405

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Allowances	$ 9,001	$ 10,635
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	6,666,667	6,666,667
Common stock, shares issued (in shares)	598,867	591,663
Common stock, shares outstanding (in shares)	598,867	591,663
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.00001	$ 0.00001
Common stock, shares authorized (in shares)	1,333,333	1,333,333
Common stock, shares issued (in shares)	83,714	86,355
Common stock, shares outstanding (in shares)	83,714	86,355

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 739,983	$ 602,581
Costs and expenses:
Cost of revenue	181,091	170,926
Research and development	280,275	266,346
Sales and marketing	226,289	201,131
General and administrative	106,744	207,864
Total costs and expenses	794,399	846,267
Loss from operations	(54,416)	(243,686)
Interest income (expense), net	31,266	24,901
Other income (expense), net	(4,526)	322
Loss before benefit from income taxes	(27,676)	(218,463)
Benefit from income taxes	(2,864)	(9,884)
Net loss	$ (24,812)	$ (208,579)
Net loss per share, basic (in dollars per share)	$ (0.04)	$ (0.31)
Net loss per share, diluted (in dollars per share)	$ (0.04)	$ (0.31)
Weighted-average shares used in computing net loss per share, basic (in shares)	678,819	681,140
Weighted-average shares used in computing net loss per share, diluted (in shares)	678,819	681,140

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (24,812)	$ (208,579)
Other comprehensive income (loss), net of taxes:
Change in unrealized gain (loss) on available-for-sale marketable securities	(1,421)	3,956
Change in foreign currency translation adjustment	(181)	331
Comprehensive loss	$ (26,414)	$ (204,292)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Class A and Class B Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2022		683,202
Beginning balance at Dec. 31, 2022	$ 3,281,654	$ 7	$ 5,407,724	$ (11,419)	$ (2,114,658)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards, net (in shares)		2,775
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(91,508)		(91,508)
Issuance of common stock for cash upon exercise of stock options, net (in shares)		950
Issuance of common stock for cash upon exercise of stock options, net	2,400		2,400
Repurchases of Class A common stock (in shares)		(2,770)
Repurchases of Class A common stock	(71,637)		(71,637)
Share-based compensation	143,122		143,122
Other comprehensive income (loss)	4,287			4,287
Net loss	(208,579)				(208,579)
Ending balance (in shares) at Mar. 31, 2023		684,157
Ending balance at Mar. 31, 2023	3,059,739	$ 7	5,390,101	(7,132)	(2,323,237)
Beginning balance (in shares) at Dec. 31, 2023		678,018
Beginning balance at Dec. 31, 2023	3,090,680	$ 7	5,241,954	(1,013)	(2,150,268)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units and issuance of restricted stock awards, net (in shares)		3,179
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	$ (99,708)		(99,708)
Issuance of common stock for cash upon exercise of stock options, net (in shares)	1,383	1,384
Issuance of common stock for cash upon exercise of stock options, net	$ 16,811		16,811
Share-based compensation	162,473		162,473
Other comprehensive income (loss)	(1,602)			(1,602)
Net loss	(24,812)				(24,812)
Ending balance (in shares) at Mar. 31, 2024		682,581
Ending balance at Mar. 31, 2024	$ 3,143,842	$ 7	$ 5,321,530	$ (2,615)	$ (2,175,080)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities
Net loss	$ (24,812)	$ (208,579)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,861	6,212
Share-based compensation	162,473	143,122
Impairment and abandonment charges for leases and leasehold improvements	0	112,934
Net amortization of investment premium and discount	(6,788)	(4,198)
Other	(2,695)	2,852
Changes in assets and liabilities:
Accounts receivable	201,188	192,523
Prepaid expenses and other assets	(10,240)	(5,773)
Operating lease right-of-use assets	8,727	25,163
Accounts payable	4,639	(11,031)
Accrued expenses and other liabilities	29,688	(43,659)
Operating lease liabilities	(10,895)	(26,109)
Net cash provided by operating activities	356,146	183,457
Investing activities
Purchases of property and equipment	(12,113)	(1,990)
Purchases of marketable securities	(336,522)	(331,608)
Sales of marketable securities	2,999	29,271
Maturities of marketable securities	342,517	318,490
Net cash (used in) provided by investing activities	(3,119)	14,163
Financing activities
Proceeds from exercise of stock options, net	16,756	2,400
Repurchases of Class A common stock	0	(69,476)
Shares repurchased for tax withholdings on release of restricted stock units and restricted stock awards	(99,708)	(91,508)
Net cash used in financing activities	(82,952)	(158,584)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(709)	1,142
Net increase in cash, cash equivalents and restricted cash	269,366	40,178
Cash, cash equivalents and restricted cash, beginning of period	1,368,532	1,617,660
Cash, cash equivalents and restricted cash, end of period	1,637,898	1,657,838
Supplemental cash flow information
Repurchases of Class A common stock in accrued expenses and other current liabilities	0	2,161
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	$ 2,057	$ 803

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Reconciliation of cash, cash equivalents and restricted cash to condensed consolidated balance sheets
Cash and cash equivalents	$ 1,632,149	$ 1,651,242
Restricted cash included in prepaid expenses and other current assets	1,695	2,243
Restricted cash included in other assets	4,054	4,353
Total cash, cash equivalents and restricted cash	$ 1,637,898	$ 1,657,838

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Pinterest was incorporated in Delaware in 2008 and is headquartered in San Francisco, California. Pinterest is a visual search and discovery platform positioned at the intersection of search, social and commerce. We generate revenue by delivering ads on our website and mobile application. Basis of Presentation and Consolidation We prepared the accompanying condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States ("GAAP"). The condensed consolidated financial statements include the accounts of Pinterest, Inc. and its wholly owned subsidiaries. We have eliminated all intercompany balances and transactions. The condensed consolidated balance sheet as of December 31, 2023 included herein was derived from the audited financial statements as of that date. We have condensed or omitted certain information and notes normally included in complete financial statements prepared in accordance with GAAP. As such, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements as of and for the year ended December 31, 2023, which are included in our Annual Report on Form 10-K. In our opinion, the accompanying condensed consolidated financial statements reflect all normal recurring adjustments necessary to present fairly the results for the interim periods presented, but they are not necessarily indicative of the results of operations to be expected for the year ending December 31, 2024. Reclassifications We have reclassified certain amounts in prior periods to conform with current presentation. Use of Estimates Preparing our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and judgments that affect amounts reported in the condensed consolidated financial statements and accompanying notes. We base these estimates and judgments on historical experience and various other assumptions that we consider reasonable. GAAP requires us to make estimates and assumptions in several areas, including the fair values of financial instruments, leases, assets acquired and liabilities assumed through business combinations, share-based awards, and contingencies as well as the collectability of our accounts receivable, the useful lives of our intangible assets and property and equipment, the incremental borrowing rate we use to determine our operating lease liabilities, and revenue recognition, among others. Actual results could differ materially from these estimates and judgments. Significant Accounting Policies There have been no material changes to our significant accounting policies from our Annual Report on Form 10-K for the year ended December 31, 2023.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
Fair Value of Financial Instruments	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The fair values of the financial instruments we measure at fair value on a recurring basis are as follows (in thousands): March 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,332,610 $ — $ — $ 1,332,610 Commercial paper — 116,808 — 116,808 U.S. treasury securities 21,809 — — 21,809 Marketable securities: Corporate bonds — 457,432 — 457,432 Commercial paper — 257,031 — 257,031 U.S. treasury securities 250,212 — — 250,212 Certificates of deposit — 137,278 — 137,278 Non-U.S. government and supranational bonds — 9,013 — 9,013 U.S. agency bonds — 33,294 — 33,294 Prepaid expenses and other current assets: Certificates of deposit — 1,695 — 1,695 Restricted cash: Certificates of deposit — 4,054 — 4,054 December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,032,675 $ — $ — $ 1,032,675 Commercial paper — 106,268 — 106,268 Certificates of deposit — 1,551 — 1,551 Corporate bonds — 859 — 859 Marketable securities: Corporate bonds — 427,957 — 427,957 Commercial paper — 201,145 — 201,145 U.S. treasury securities 336,356 — — 336,356 Certificates of deposit — 132,457 — 132,457 Non-U.S. government and supranational bonds — 8,983 — 8,983 U.S. agency bonds — 42,250 — 42,250 Prepaid expenses and other current assets: Certificates of deposit — 2,542 — 2,542 Restricted cash: Certificates of deposit — 4,054 — 4,054 We classify our marketable securities within Level 1 or Level 2 because we determine their fair values using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Gross unrealized gains and losses on our marketable securities were not material in the aggregate as of March 31, 2024 and December 31, 2023. We evaluated all available evidence and did not recognize any allowance for credit losses for our marketable securities as of March 31, 2024 and December 31, 2023. The fair value of our marketable securities by contractual maturity is as follows (in thousands): March 31, 2024 Due in one year or less $ 848,270 Due after one to five years 295,990 Total $ 1,144,260 Net realized gains and losses from sales of available-for-sale securities were not material for any period presented.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments In April 2021, we entered into a private pricing addendum with Amazon Web Services (“AWS”), which governs our use of cloud computing infrastructure provided by AWS. Under the pricing addendum, we are required to purchase at least $3,250.0 million of cloud services from AWS through April 2029. If we fail to do so, we are required to pay the difference between the amount we spend and the required commitment amount. As of March 31, 2024, our remaining contractual commitment is $1,598.2 million. We expect to meet our remaining commitment. Legal Matters We are involved in various lawsuits, claims and proceedings that arise in the ordinary course of business. While the results of legal matters are inherently uncertain, we do not believe there is a reasonable possibility that the ultimate resolution of these matters, either individually or in aggregate, will have a material adverse effect on our business, financial position, results of operations or cash flows.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
Stockholders' Equity	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stockholders' Equity	Stockholders' Equity Equity Incentive Plan In June 2009, our board of directors adopted and approved our 2009 Stock Plan (the "2009 Plan"), which provides for the issuance of stock options, Restricted Stock Awards ("RSAs") and Restricted Stock Units ("RSUs") to qualified employees, directors and consultants. Stock options granted under our 2009 Plan have a maximum life of 10 years and an exercise price not less than 100% of the fair market value of our common stock on the date of grant. RSUs granted under our 2009 Plan have a maximum life of seven years. No shares of our common stock were reserved for future issuance under our 2009 Plan as of March 31, 2024. Our 2019 Omnibus Incentive Plan ("2019 Plan") became effective upon closing of our initial public offering and succeeds our 2009 Plan. Our 2019 Plan provides for the issuance of stock options, RSAs, RSUs and other equity- or cash-based awards to qualified employees, directors and consultants. Stock options granted under our 2019 Plan have a maximum life of 10 years and an exercise price not less than 100% of the fair market value of our common stock on the date of grant. 181,885,320 shares of our Class A common stock were reserved for future issuance under our 2019 Plan as of March 31, 2024. The number of shares of our Class A common stock available for issuance under the 2019 Plan will be increased by the number of shares of our Class B common stock subject to awards outstanding under our 2009 Plan that would, but for the terms of the 2019 Plan, have returned to the share reserves of the 2009 Plan pursuant to the terms of such awards, including as the result of forfeiture, repurchase, expiration or retention by us in order to satisfy an award’s exercise price or tax withholding obligations. In addition, the number of shares of our Class A common stock reserved for issuance under our 2019 Plan will automatically increase on the first day of each fiscal year through and including January 1, 2029, in an amount equal to 5% of the total number of shares of our Class A common stock and our Class B common stock outstanding on the last day of the calendar month before the date of each automatic increase, or a lesser number of shares determined by our board of directors. Stock Option Activity Stock option activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts): Stock Options Outstanding Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in years) Outstanding as of December 31, 2023 13,043 $ 15.41 6.1 $ 282,197 Exercised (1,383) 12.15 Outstanding as of March 31, 2024 11,660 $ 15.79 6.2 $ 220,120 Exercisable as of March 31, 2024 6,314 $ 12.26 4.5 $ 141,485 (1) We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date. The total grant-date fair value of stock options vested during the three months ended March 31, 2024 and 2023, was $6.3 million and $7.1 million, respectively. The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2024 and 2023 was $33.9 million and $22.5 million, respectively. Restricted Stock Unit and Restricted Stock Award Activity RSU and RSA activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts): Restricted Stock Units and Restricted Stock Awards Outstanding Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2023 45,099 $ 25.83 Granted 1,733 37.10 Released (6,300) 26.44 Forfeited (1,531) 25.71 Outstanding as of March 31, 2024 39,001 $ 26.23 Share-Based Compensation Share-based compensation expense during the three months ended March 31, 2024 and 2023, was as follows (in thousands): Three Months Ended March 31, 2024 2023 Cost of revenue $ 2,948 $ 2,309 Research and development 102,355 94,265 Sales and marketing 24,989 19,189 General and administrative 32,181 27,359 Total share-based compensation $ 162,473 $ 143,122 As of March 31, 2024, we had $991.6 million of unrecognized share-based compensation expense, which we expect to recognize over a weighted-average period of 2.1 years. Stock Repurchase On September 16, 2023, our board of directors authorized a stock repurchase program of up to $1.0 billion of our Class A common stock. Under the stock repurchase program, we are authorized to repurchase, from time-to-time, shares of our Class A common stock through open market purchases, in privately negotiated transactions or in such other manner as permitted by securities law and as determined by management at such time and in such amounts as management may decide. The program does not obligate us to repurchase any specific number of shares and may be modified, suspended or discontinued at any time. The timing, manner, price and amount of any repurchases are determined by management in its discretion and depend on a variety of factors, including legal requirements, price and economic and market conditions. As of March 31, 2024, $1.0 billion remains available for repurchases under the stock repurchase program.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
Net Loss Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share We present net loss per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses. We calculate basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share gives effect to all potential shares of common stock, including stock options, RSAs and RSUs, to the extent these are dilutive. We calculated basic and diluted net loss per share as follows (in thousands, except per share amounts): Three Months Ended March 31, 2024 2023 Class A Class B Class A Class B Numerator: Net loss $ (21,725) $ (3,087) $ (181,226) $ (27,353) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 594,353 84,466 591,815 89,325 Net loss per share, basic and diluted $ (0.04) $ (0.04) $ (0.31) $ (0.31) Basic net loss per share is the same as diluted net loss per share because we reported net losses for all periods presented. We excluded the following weighted-average potential shares of common stock from our calculation of diluted net loss per share because these would be anti-dilutive (in thousands): Three Months Ended March 31, 2024 2023 Outstanding stock options 12,397 15,225 Unvested restricted stock units and restricted stock awards 43,486 53,246 Total 55,883 68,471

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We determine our income tax provision for interim periods using an estimate of our annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between our effective tax rate and the federal statutory rate is the full valuation allowance we have established on our federal, state and foreign net operating losses and credits. Income taxes are not material for the three months ended March 31, 2024 and 2023. All periods include the effects of the capitalization and amortization of research and development expenses as required by the 2017 Tax Cuts and Jobs Act.

Geographical Information

Geographical Information	3 Months Ended
Geographical Information	Mar. 31, 2024
Segment Reporting [Abstract]
Geographical Information	Geographical Information Revenue disaggregated by geography based on our customers’ billing addresses was as follows (in thousands): Three Months Ended March 31, 2024 2023 U.S. and Canada (1) $ 546,584 $ 471,821 Europe (2) 124,042 97,388 Rest of World 69,357 33,372 Total revenue $ 739,983 $ 602,581 (1) United States revenue was $522.6 million and $449.0 million for the three months ended March 31, 2024 and 2023, respectively. No individual country other than the United States exceeded 10% of our total revenue for any period presented. (2) Europe includes Russia and Turkey. Property and equipment, net and operating lease right-of-use assets by geography is as follows (in thousands): March 31, December 31, 2024 2023 United States $ 67,375 $ 66,335 Ireland 22,564 18,658 Mexico 12,167 12,835 International (1) 21,123 26,516 Total property and equipment, net and operating lease right-of-use assets $ 123,229 $ 124,344 (1) Other than the United States, Ireland and Mexico, no other country exceeded 10% of our total property and equipment, net and operating lease right-of-use assets for any period presented.

Subsequent Events

Subsequent Events	3 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In April 2024, we granted 15,731,546 RSUs with an aggregate grant-date fair value of $527.6 million, which we expect to recognize as share-based compensation expense over a weighted-average period of 2.8 years.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net loss	$ (24,812)	$ (208,579)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Andrea Acosta [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On March 14, 2024, Andrea Acosta , our Chief Accounting Officer , adopted a trading plan intended to satisfy Rule 10b5-1(c) under the Exchange Act (“Rule 10b5-1(c)”) to sell, between June 10, 2024 and December 31, 2024 up to the total number of shares of our Class A common stock to be issued to Ms. Acosta after the satisfaction of applicable taxes following the vesting and settlement of 41,574 restricted stock units.
Name	Andrea Acosta
Title	Chief Accounting Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 14, 2024
Arrangement Duration	204 days
Aggregate Available	41,574

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	We prepared the accompanying condensed consolidated financial statements in accordance with generally accepted accounting principles in the United States ("GAAP").
Consolidation	We have eliminated all intercompany balances and transactions.
Reclassifications	Reclassifications
Use of Estimates	Use of Estimates Preparing our condensed consolidated financial statements in conformity with GAAP requires us to make estimates and judgments that affect amounts reported in the condensed consolidated financial statements and accompanying notes. We base these estimates and judgments on historical experience and various other assumptions that we consider reasonable. GAAP requires us to make estimates and assumptions in several areas, including the fair values of financial instruments, leases, assets acquired and liabilities assumed through business combinations, share-based awards, and contingencies as well as the collectability of our accounts receivable, the useful lives of our intangible assets and property and equipment, the incremental borrowing rate we use to determine our operating lease liabilities, and revenue recognition, among others. Actual results could differ materially from these estimates and judgments.
Net Loss Per Share Attributable to Common Stockholders	We present net loss per share using the two-class method required for multiple classes of common stock. Holders of our Class A and Class B common stock have identical rights except with respect to voting, conversion and transfer rights and therefore share equally in our net income or losses. We calculate basic net loss per share by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share gives effect to all potential shares of common stock, including stock options, RSAs and RSUs, to the extent these are dilutive.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
Fair Value of Financial Instruments (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Values of Financial Instruments Measured on a Recurring Basis	The fair values of the financial instruments we measure at fair value on a recurring basis are as follows (in thousands): March 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,332,610 $ — $ — $ 1,332,610 Commercial paper — 116,808 — 116,808 U.S. treasury securities 21,809 — — 21,809 Marketable securities: Corporate bonds — 457,432 — 457,432 Commercial paper — 257,031 — 257,031 U.S. treasury securities 250,212 — — 250,212 Certificates of deposit — 137,278 — 137,278 Non-U.S. government and supranational bonds — 9,013 — 9,013 U.S. agency bonds — 33,294 — 33,294 Prepaid expenses and other current assets: Certificates of deposit — 1,695 — 1,695 Restricted cash: Certificates of deposit — 4,054 — 4,054 December 31, 2023 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 1,032,675 $ — $ — $ 1,032,675 Commercial paper — 106,268 — 106,268 Certificates of deposit — 1,551 — 1,551 Corporate bonds — 859 — 859 Marketable securities: Corporate bonds — 427,957 — 427,957 Commercial paper — 201,145 — 201,145 U.S. treasury securities 336,356 — — 336,356 Certificates of deposit — 132,457 — 132,457 Non-U.S. government and supranational bonds — 8,983 — 8,983 U.S. agency bonds — 42,250 — 42,250 Prepaid expenses and other current assets: Certificates of deposit — 2,542 — 2,542 Restricted cash: Certificates of deposit — 4,054 — 4,054
Schedule of Fair Value of Marketable Securities by Contractual Maturity	The fair value of our marketable securities by contractual maturity is as follows (in thousands): March 31, 2024 Due in one year or less $ 848,270 Due after one to five years 295,990 Total $ 1,144,260

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
Stockholders' Equity (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	Stock option activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts): Stock Options Outstanding Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term Aggregate Intrinsic Value (1) (in years) Outstanding as of December 31, 2023 13,043 $ 15.41 6.1 $ 282,197 Exercised (1,383) 12.15 Outstanding as of March 31, 2024 11,660 $ 15.79 6.2 $ 220,120 Exercisable as of March 31, 2024 6,314 $ 12.26 4.5 $ 141,485 (1) We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date.
Schedule of Restricted Stock Unit Activity	RSU and RSA activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts): Restricted Stock Units and Restricted Stock Awards Outstanding Shares Weighted Average Grant Date Fair Value Outstanding as of December 31, 2023 45,099 $ 25.83 Granted 1,733 37.10 Released (6,300) 26.44 Forfeited (1,531) 25.71 Outstanding as of March 31, 2024 39,001 $ 26.23
Schedule of Share-Based Compensation Expense	Share-based compensation expense during the three months ended March 31, 2024 and 2023, was as follows (in thousands): Three Months Ended March 31, 2024 2023 Cost of revenue $ 2,948 $ 2,309 Research and development 102,355 94,265 Sales and marketing 24,989 19,189 General and administrative 32,181 27,359 Total share-based compensation $ 162,473 $ 143,122

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
Net Loss Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share	We calculated basic and diluted net loss per share as follows (in thousands, except per share amounts): Three Months Ended March 31, 2024 2023 Class A Class B Class A Class B Numerator: Net loss $ (21,725) $ (3,087) $ (181,226) $ (27,353) Denominator: Weighted-average shares used in computing net loss per share, basic and diluted 594,353 84,466 591,815 89,325 Net loss per share, basic and diluted $ (0.04) $ (0.04) $ (0.31) $ (0.31)
Schedule of Weighted-Average Anti-Dilutive Shares of Common Stock Excluded from the Calculation of Diluted Net Income (Loss) Per Share	We excluded the following weighted-average potential shares of common stock from our calculation of diluted net loss per share because these would be anti-dilutive (in thousands): Three Months Ended March 31, 2024 2023 Outstanding stock options 12,397 15,225 Unvested restricted stock units and restricted stock awards 43,486 53,246 Total 55,883 68,471

Geographical Information (Table

Geographical Information (Tables)	3 Months Ended
Geographical Information (Tables)	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Revenue Disaggregated by Geography	Revenue disaggregated by geography based on our customers’ billing addresses was as follows (in thousands): Three Months Ended March 31, 2024 2023 U.S. and Canada (1) $ 546,584 $ 471,821 Europe (2) 124,042 97,388 Rest of World 69,357 33,372 Total revenue $ 739,983 $ 602,581 (1) United States revenue was $522.6 million and $449.0 million for the three months ended March 31, 2024 and 2023, respectively. No individual country other than the United States exceeded 10% of our total revenue for any period presented. (2) Europe includes Russia and Turkey.
Schedule of Property and Equipment, Net and Operating Lease Right-of-Use Assets by Geography	Property and equipment, net and operating lease right-of-use assets by geography is as follows (in thousands): March 31, December 31, 2024 2023 United States $ 67,375 $ 66,335 Ireland 22,564 18,658 Mexico 12,167 12,835 International (1) 21,123 26,516 Total property and equipment, net and operating lease right-of-use assets $ 123,229 $ 124,344 (1) Other than the United States, Ireland and Mexico, no other country exceeded 10% of our total property and equipment, net and operating lease right-of-use assets for any period presented.

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Fair Values of Financial Instruments Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 1,144,260
Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	457,432	$ 427,957
Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	257,031	201,145
Recurring \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	250,212	336,356
Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	137,278	132,457
Prepaid expenses and other current assets	1,695	2,542
Restricted cash	4,054	4,054
Recurring \| Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	9,013	8,983
Recurring \| U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	33,294	42,250
Level 1 \| Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Recurring \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	250,212	336,356
Level 1 \| Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Prepaid expenses and other current assets	0	0
Restricted cash	0	0
Level 1 \| Recurring \| Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Recurring \| U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 2 \| Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	457,432	427,957
Level 2 \| Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	257,031	201,145
Level 2 \| Recurring \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 2 \| Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	137,278	132,457
Prepaid expenses and other current assets	1,695	2,542
Restricted cash	4,054	4,054
Level 2 \| Recurring \| Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	9,013	8,983
Level 2 \| Recurring \| U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	33,294	42,250
Level 3 \| Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 \| Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 \| Recurring \| U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 \| Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Prepaid expenses and other current assets	0	0
Restricted cash	0	0
Level 3 \| Recurring \| Non-U.S. government and supranational bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 3 \| Recurring \| U.S. agency bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Money market funds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,332,610	1,032,675
Money market funds \| Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,332,610	1,032,675
Money market funds \| Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Money market funds \| Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Commercial paper \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	116,808	106,268
Commercial paper \| Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Commercial paper \| Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	116,808	106,268
Commercial paper \| Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Certificates of deposit \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,551
Certificates of deposit \| Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Certificates of deposit \| Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		1,551
Certificates of deposit \| Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Corporate bonds \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		859
Corporate bonds \| Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0
Corporate bonds \| Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		859
Corporate bonds \| Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		$ 0
U.S. treasury securities \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	21,809
U.S. treasury securities \| Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	21,809
U.S. treasury securities \| Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
U.S. treasury securities \| Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value of Marketable Securities by Contractual Maturity (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Fair Value Disclosures [Abstract]
Due in one year or less	$ 848,270
Due after one to five years	295,990
Total	$ 1,144,260

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	Mar. 31, 2024	Apr. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Minimum required purchases	$ 1,598.2	$ 3,250

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 16, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant-date fair value of stock options vested	$ 6.3	$ 7.1
Aggregate intrinsic value of stock options exercised	33.9	$ 22.5
Unrecognized share-based compensation expense	$ 991.6
Weighted-average recognition period for unrecognized share-based compensation expense	2 years 1 month 6 days
Stock Repurchase Program , September 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized share repurchase amount			$ 1,000
Stock remaining available for repurchases	$ 1,000
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	0
2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of outstanding shares, additional reserve	5%
2019 Plan \| Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for issuance (in shares)	181,885,320
Stock Options \| 2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
Stock Options \| 2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	10 years
RSUs \| 2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	7 years

Stockholders' Equity - Stock Op

Stockholders' Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Shares
Beginning balance (in shares)	13,043
Exercised (in shares)	(1,383)
Ending balance (in shares)	11,660	13,043
Exercisable (in shares)	6,314
Weighted-Average Exercise Price
Beginning balance (in dollars per share)	$ 15.41
Exercised (in dollars per share)	12.15
Ending balance (in dollars per share)	15.79	$ 15.41
Exercisable (in dollars per share)	$ 12.26
Weighted-Average Remaining Contractual Term, Outstanding	6 years 2 months 12 days	6 years 1 month 6 days
Weighted-Average Remaining Contractual Term, Exercisable	4 years 6 months
Aggregate Intrinsic Value, Outstanding	$ 220,120	$ 282,197
Aggregate Intrinsic Value, Exercisable	$ 141,485

Stockholders' Equity - Restrict

Stockholders' Equity - Restricted Stock Unit Activity (Details) - Restricted Stock Units and Restricted Stock Awards Outstanding shares in Thousands	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Shares
Beginning balance (in shares) \| shares	45,099
Granted (in shares) \| shares	1,733
Released (in shares) \| shares	(6,300)
Forfeited (in shares) \| shares	(1,531)
Ending balance (in shares) \| shares	39,001
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) \| $ / shares	$ 25.83
Granted (in dollars per share) \| $ / shares	37.10
Released (in dollars per share) \| $ / shares	26.44
Forfeited (in dollars per share) \| $ / shares	25.71
Ending balance (in dollars per share) \| $ / shares	$ 26.23

Stockholders' Equity - Share-ba

Stockholders' Equity - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 162,473	$ 143,122
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	2,948	2,309
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	102,355	94,265
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	24,989	19,189
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share based compensation expense	$ 32,181	$ 27,359

Net Loss Per Share - Calculatio

Net Loss Per Share - Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	678,819	681,140
Weighted-average shares used in computing net loss per share, diluted (in shares)	678,819	681,140
Net loss per share, basic (in dollars per share)	$ (0.04)	$ (0.31)
Net loss per share, diluted (in dollars per share)	$ (0.04)	$ (0.31)
Class A
Numerator:
Net loss, basic	$ (21,725)	$ (181,226)
Net loss, diluted	$ (21,725)	$ (181,226)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	594,353	591,815
Weighted-average shares used in computing net loss per share, diluted (in shares)	594,353	591,815
Net loss per share, basic (in dollars per share)	$ (0.04)	$ (0.31)
Net loss per share, diluted (in dollars per share)	$ (0.04)	$ (0.31)
Class B
Numerator:
Net loss, basic	$ (3,087)	$ (27,353)
Net loss, diluted	$ (3,087)	$ (27,353)
Denominator:
Weighted-average shares used in computing net loss per share, basic (in shares)	84,466	89,325
Weighted-average shares used in computing net loss per share, diluted (in shares)	84,466	89,325
Net loss per share, basic (in dollars per share)	$ (0.04)	$ (0.31)
Net loss per share, diluted (in dollars per share)	$ (0.04)	$ (0.31)

Net Loss Per Share - Weighted-A

Net Loss Per Share - Weighted-Average Anti-Dilutive Shares of Common Stock Excluded from the Calculation of Diluted Net Income (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	55,883	68,471
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	12,397	15,225
Unvested restricted stock units and restricted stock awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average anti-dilutive shares of common stock (in shares)	43,486	53,246

Geographical Information (Detai

Geographical Information (Details) - USD ($) $ in Thousands	3 Months Ended
Geographical Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	$ 739,983	$ 602,581
Total property and equipment, net and operating lease right-of-use assets	123,229		$ 124,344
U.S. and Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	546,584	471,821
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	124,042	97,388
Rest of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	69,357	33,372
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue	522,600	$ 449,000
Total property and equipment, net and operating lease right-of-use assets	67,375		66,335
Ireland
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	22,564		18,658
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	12,167		12,835
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net and operating lease right-of-use assets	$ 21,123		$ 26,516

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
Subsequent Events (Details) - USD ($) $ in Millions	Apr. 30, 2024	Mar. 31, 2024
Subsequent Event [Line Items]
Weighted-average recognition period for unrecognized share-based compensation expense		2 years 1 month 6 days
Subsequent Event \| Unvested restricted stock units and restricted stock awards
Subsequent Event [Line Items]
Granted (in shares)	15,731,546
Aggregate grant-date fair value	$ 527.6
Weighted-average recognition period for unrecognized share-based compensation expense	2 years 9 months 18 days