Loading NET…
Loading financial statements…
Import this data to Google Sheets with:
=jivedata("NET","financials")Full statements spill as a table. For one cell: =jivedata("NET","Revenue") or =jivedata("NET","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.
NET • CIK 0001477333
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | $1,296,745 | $1,669,626 | $2,167,937 | $2,512,350 |
| Cost of Revenue | $307,005 | $378,702 | $552,525 | $688,974 |
| Gross Profit | $989,740 | $1,290,924 | $1,615,412 | $1,823,376 |
| Operating Income (Loss) | $-185,485 | $-154,761 | $-207,205 | $-354,384 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-177,862 | $-70,871 | $-92,706 | $-197,999 |
| Income Tax Expense (Benefit) | $6,087 | $7,929 | $9,561 | $8,276 |
| Net Income (Loss) Attributable to Parent | $-183,949 | $-78,800 | $-102,267 | $-206,275 |
| Weighted Average Number of Shares Outstanding, Basic | 333,656,000 | 341,411,000 | 348,421,000 | 355,301,000 |
| Selling and Marketing Expense | $599,117 | $745,791 | $920,817 | $1,035,169 |
| Research and Development Expense | $358,143 | $421,374 | $512,489 | $573,301 |
| General and Administrative Expense | $217,965 | $278,520 | $389,311 | $418,597 |
| Operating Expenses | $1,175,225 | $1,445,685 | $1,822,617 | $2,177,760 |
| Investment Income, Nonoperating | $68,167 | $87,426 | $131,219 | $164,512 |
| InterestExpenseNonoperating | — | $5,196 | $8,766 | $11,451 |
| Gain (Loss) on Extinguishment of Debt | $-50,300 | $0 | $0 | $11,278 |
| Other Nonoperating Income (Expense) | $-4,372 | $1,660 | $-7,954 | $-1,496 |
| Nonoperating Income (Expense) | $7,623 | $83,890 | $114,499 | $156,385 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Property, Plant and Equipment, Net | $322,813 | $467,420 | $618,691 | $703,209 |
| Goodwill | $148,047 | $181,087 | $226,563 | $376,204 |
| Finite-Lived Intangible Assets, Net | $19,564 | $21,865 | $41,799 | $57,369 |
| Operating Lease, Right-of-Use Asset | $138,556 | $168,379 | $237,646 | $247,675 |
| Capitalized Contract Cost, Net, Noncurrent | $133,236 | $172,217 | $219,499 | $240,523 |
| Restricted Cash, Noncurrent | $1,838 | $2,250 | $1,457 | $0 |
| Other Assets, Noncurrent | $12,636 | $18,947 | $45,764 | $70,772 |
| Assets | $2,759,767 | $3,301,162 | $6,036,256 | $6,474,127 |
| Convertible Debt, Noncurrent | $1,283,362 | $1,287,321 | $1,974,120 | $1,977,006 |
| Operating Lease, Liability, Noncurrent | $113,490 | $128,266 | $182,025 | $180,845 |
| Contract with Customer, Liability, Noncurrent | $17,244 | $22,095 | $41,088 | $40,252 |
| Other Liabilities, Noncurrent | $15,540 | $23,625 | $29,337 | $27,970 |
| Liabilities | $1,996,720 | $2,254,961 | $4,577,133 | $4,854,107 |
| Cash and Cash Equivalents, at Carrying Value | $86,864 | $147,691 | $943,536 | $1,663,773 |
| Debt Securities, Available-for-sale, Current | $1,586,880 | $1,708,228 | $3,157,715 | $2,499,025 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $248,268 | $316,753 | $382,488 | $422,945 |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $11,041 | $16,568 | $23,531 | $27,187 |
| Restricted Cash, Current | $2,522 | $4,273 | $9,364 | $12,163 |
| Prepaid Expense and Other Assets, Current | $47,502 | $75,484 | $128,203 | $153,282 |
| Assets, Current | $1,983,077 | $2,268,997 | $4,644,837 | $4,778,375 |
| Accounts Payable, Current | $53,727 | $105,807 | $84,115 | $127,032 |
| Employee-related Liabilities, Current | $63,801 | $80,854 | $111,005 | $151,528 |
| Operating Lease, Liability, Current | $38,351 | $47,626 | $70,901 | $78,239 |
| Contract with Customer, Liability, Current | $347,608 | $477,765 | $684,207 | $812,187 |
| Convertible Debt, Current | — | — | $1,291,281 | $1,293,260 |
| Liabilities, Current | $567,084 | $793,654 | $2,350,563 | $2,628,034 |
| Additional Paid in Capital | $1,784,566 | $2,152,750 | $2,651,420 | $3,027,713 |
| Retained Earnings (Accumulated Deficit) | $-1,023,840 | $-1,102,640 | $-1,204,907 | $-1,397,815 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $1,984 | $-4,253 | $12,259 | $-10,233 |
| Stockholders' Equity Attributable to Parent | $763,047 | $1,046,201 | $1,459,123 | $1,620,020 |
| Accounts Receivable, Allowance for Credit Loss, Current | $5,996 | $8,166 | $7,079 | $7,900 |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $10,779 | $7,245 | $16,076 | $3,800 |
| Property, Plant and Equipment, Gross | $541,293 | $747,738 | $998,136 | $1,178,121 |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $218,480 | $280,318 | $379,445 | $474,912 |
| Depreciation | $113,400 | $109,900 | $167,500 | $100,700 |
| Goodwill, Impairment Loss | $0 | — | $0 | $0 |
| Amortization of Intangible Assets | $20,000 | $12,700 | $15,000 | $14,700 |
| Finite-Lived Intangible Assets, Gross | $60,483 | $33,731 | $68,662 | $98,884 |
| Finite-Lived Intangible Assets, Accumulated Amortization | $40,919 | $11,866 | $26,863 | $41,515 |
| Finite-Lived Intangible Asset, Expected Amortization, Year One | $9,010 | $11,915 | $21,160 | $27,726 |
| Finite-Lived Intangible Asset, Expected Amortization, Year Two | $4,391 | $5,238 | $14,171 | $7,422 |
| Finite-Lived Intangible Asset, Expected Amortization, Year Three | $1,450 | $1,450 | $1,896 | $1,896 |
| Finite-Lived Intangible Asset, Expected Amortization, Year Five | $1,450 | $1,450 | $809 | $809 |
| Finite-Lived Intangible Asset, Expected Amortization, after Year Five | $1,813 | $362 | $1,867 | $1,867 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $-183,949 | $-78,800 | $-102,267 | $-206,275 |
| Net Cash Provided by (Used in) Operating Activities | $254,406 | $380,429 | $603,114 | $633,428 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $-123,980 | $62,990 | $800,143 | $150,480 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $91,224 | $154,214 | $954,357 | $1,687,688 |
| Depreciation, Depletion and Amortization | $135,820 | $127,722 | $189,742 | $225,224 |
| Payments to Acquire Property, Plant, and Equipment | $114,396 | $185,037 | $315,617 | $285,023 |
| Payments to Acquire Intangible Assets | $20,546 | $28,477 | $26,935 | $33,532 |
| Capitalized Contract Cost, Amortization | $61,374 | $77,822 | $101,623 | $117,813 |
| Share-based Payment Arrangement, Noncash Expense | $273,989 | $338,461 | $451,454 | $507,655 |
| Payments to Acquire Debt Securities, Available-for-sale | $1,877,513 | $1,572,113 | $3,537,085 | $2,790,243 |
| Amortization of Debt Issuance Costs | — | $3,959 | $7,070 | $9,746 |
| Proceeds from Sale of Debt Securities, Available-for-sale | $20,248 | $0 | $0 | $0 |
| Accretion (Amortization) of Discounts and Premiums, Investments | $44,441 | $42,081 | $29,897 | $31,143 |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $1,812,015 | $1,493,356 | $2,121,993 | $2,753,367 |
| Deferred Income Tax Expense (Benefit) | $2,264 | $2,111 | $1,333 | $-5,200 |
| Payments for (Proceeds from) Other Investing Activities | $-74 | $-38 | $-1,828 | $-3,082 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $13,637 | $10,038 | $14,989 | $12,331 |
| Net Cash Provided by (Used in) Investing Activities | $-186,201 | $-330,224 | $-1,806,700 | $-471,869 |
| Gain (Loss) on Extinguishment of Debt | $-50,300 | $0 | $0 | $11,278 |
| Other Operating Activities, Cash Flow Statement | $829 | $643 | $-38 | $-10,079 |
| Proceeds from Convertible Debt | $0 | — | $2,000,000 | $0 |
| Payments of Debt Issuance Costs | $0 | — | $29,004 | $1,131 |
| Proceeds from Stock Options Exercised | $14,851 | $12,905 | $33,123 | $24,996 |
| Payments for Repurchase of Common Stock | $34 | $0 | $0 | $0 |
| Proceeds from Issuance of Common Stock | $19,083 | $19,796 | $25,435 | $28,453 |
| Payment, Tax Withholding, Share-based Payment Arrangement | $7,953 | $16,774 | $48,254 | $59,510 |
| Net Cash Provided by (Used in) Financing Activities | $-192,185 | $12,785 | $2,003,729 | $-11,079 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $670 | $75 | $29 | $52 |
| Income Taxes Paid, Net | $4,454 | $4,995 | $7,767 | $8,418 |
| Share-based Payment Arrangement, Amount Capitalized | $6,641 | $10,839 | $12,020 | $14,240 |
| Capital Expenditures Incurred but Not yet Paid | $26,423 | $57,241 | $26,351 | $46,673 |
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | $44,707 | $71,773 | $130,131 | $129,758 |
| Increase (Decrease) in Accounts Receivable | $113,361 | $78,523 | $80,595 | $127,640 |
| Increase (Decrease) in Contract with Customer, Asset | $2,749 | $5,527 | $4,507 | $3,456 |
| Increase (Decrease) in Prepaid Expense and Other Assets | $22,125 | $38,227 | $79,995 | $94,268 |
| Increase (Decrease) in Other Noncurrent Assets | $-1,018 | $-2,170 | $-6,792 | $-9,622 |
| Increase (Decrease) in Accounts Payable | $11,781 | $18,626 | $8,864 | $10,316 |
| Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities | $25,788 | $9,900 | $15,422 | $63,363 |
| Increase (Decrease) in Employee Related Liabilities | — | $18,742 | $26,675 | $70,112 |
| Increase (Decrease) in Contract with Customer, Liability | $134,473 | $135,008 | $223,815 | $268,316 |
| Increase (Decrease) in Other Noncurrent Liabilities | $1,958 | $960 | $-1,131 | $-2,492 |