v3.25.2
Condensed Consolidated Statements of Stockholders’ Equity (Unaudited) - USD ($)
$ in Thousands
Total
Segment Reconciling Items
Common Stock
Additional Paid-In Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Beginning balance (in shares) at Dec. 31, 2023     155,300,000        
Beginning balance at Dec. 31, 2023 $ 616,200   $ 0 $ 1,460,000 $ (63,200) $ 100 $ (780,700)
Treasury stock, beginning balance (in shares) at Dec. 31, 2023         (7,600,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Number of shares, exercised (in shares)     1,700,000   400,000    
Exercise of stock options 5,500   $ 0 2,300 $ 3,200    
Vesting of restricted stock units, net of tax withholdings (21,300)   $ (33,500)   $ 12,200    
Vesting of restricted stock units, net of tax withholdings (in shares)     2,400,000   (1,300,000)    
Repurchases of common stock (in shares)     3,100,000   3,100,000    
Repurchases of common stock (36,700)       $ (36,700)    
Stock-based compensation 62,000     62,000      
Other comprehensive loss (100)         (100)  
Net loss (44,200)           (44,200)
Ending balance (in shares) at Jun. 30, 2024     156,800,000        
Ending balance at Jun. 30, 2024 585,200   $ 0 1,489,800 $ (79,700) 0 (824,900)
Treasury stock, ending balance (in shares) at Jun. 30, 2024         8,500,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock related to employee stock purchase plan (in shares)     500,000   500,000    
Issuance of common stock related to employee stock purchase plan $ 3,800     (1,000) $ 4,800    
Segment gross profit margin 17970000000.00% 52.90%          
Cost of revenue $ 159,700            
Beginning balance (in shares) at Mar. 31, 2024     157,200,000        
Beginning balance at Mar. 31, 2024 609,100   $ 0 1,480,300 $ (69,200) 0 (802,000)
Treasury stock, beginning balance (in shares) at Mar. 31, 2024         (8,000,000.0)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Number of shares, exercised (in shares)     500,000   400,000    
Exercise of stock options 1,400   $ 0 (1,800) $ 3,200    
Vesting of restricted stock units, net of tax withholdings (7,800)   $ (20,000)   $ 12,200    
Vesting of restricted stock units, net of tax withholdings (in shares)     1,300,000   (1,300,000)    
Repurchases of common stock (in shares)     2,700,000   2,700,000    
Repurchases of common stock (30,700)       $ (30,700)    
Stock-based compensation 32,300     32,300      
Other comprehensive loss 0            
Net loss (22,900)           (22,900)
Ending balance (in shares) at Jun. 30, 2024     156,800,000        
Ending balance at Jun. 30, 2024 585,200   $ 0 1,489,800 $ (79,700) 0 (824,900)
Treasury stock, ending balance (in shares) at Jun. 30, 2024         8,500,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock related to employee stock purchase plan (in shares)     500,000   (500,000)    
Issuance of common stock related to employee stock purchase plan $ 3,800     (1,000) $ 4,800    
Segment gross profit margin 53.00%            
Cost of revenue $ 80,100            
Beginning balance (in shares) at Dec. 31, 2024 160,100,000   160,100,000        
Beginning balance at Dec. 31, 2024 $ 597,400   $ 0 1,506,700 $ (49,100) 0 (860,200)
Treasury stock, beginning balance (in shares) at Dec. 31, 2024 5,200,000       (5,200,000)    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Number of shares, exercised (in shares)     900,000   900,000    
Exercise of stock options $ 3,800   $ 0 (3,800) $ 7,600    
Vesting of restricted stock units, net of tax withholdings (13,100)   $ (33,500)   $ 20,400    
Vesting of restricted stock units, net of tax withholdings (in shares)     2,100,000   (2,100,000)    
Stock-based compensation 51,700     51,700      
Other comprehensive loss 0            
Net loss $ (15,600)           (15,600)
Ending balance (in shares) at Jun. 30, 2025 163,500,000   163,500,000        
Ending balance at Jun. 30, 2025 $ 627,000   $ 0 1,519,800 $ (17,000) 0 (875,800)
Treasury stock, ending balance (in shares) at Jun. 30, 2025 1,800,000       1,800,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock related to employee stock purchase plan (in shares)     400,000   400,000    
Issuance of common stock related to employee stock purchase plan $ 2,800     (1,300) $ 4,100    
Segment gross profit margin 20060000000.00% 54.70%          
Cost of revenue $ 165,800            
Beginning balance (in shares) at Mar. 31, 2025     161,300,000        
Beginning balance at Mar. 31, 2025 610,500   $ 0 1,516,300 $ (37,800) 0 (868,000)
Treasury stock, beginning balance (in shares) at Mar. 31, 2025         4,000,000.0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Number of shares, exercised (in shares)     600,000   600,000    
Exercise of stock options 2,600   $ 0 (2,500) $ 5,100    
Vesting of restricted stock units, net of tax withholdings (6,900)   $ (18,500)   $ 11,600    
Vesting of restricted stock units, net of tax withholdings (in shares)     1,200,000   (1,200,000)    
Stock-based compensation 25,800     25,800      
Other comprehensive loss 0            
Net loss $ (7,800)           (7,800)
Ending balance (in shares) at Jun. 30, 2025 163,500,000   163,500,000        
Ending balance at Jun. 30, 2025 $ 627,000   $ 0 1,519,800 $ (17,000) $ 0 $ (875,800)
Treasury stock, ending balance (in shares) at Jun. 30, 2025 1,800,000       1,800,000    
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of common stock related to employee stock purchase plan (in shares)     400,000   (400,000)    
Issuance of common stock related to employee stock purchase plan $ 2,800     $ (1,300) $ 4,100    
Segment gross profit margin 54.90%            
Cost of revenue $ 84,400