v3.25.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Determine the Fair Value of Stock Options Granted
The weighted average assumptions used to determine the fair value of the PSUs with market conditions were as follows:
2025
Expected term (in years)7.0
Expected volatility64.7 %
Risk-free interest rate4.3 %
Dividend yield— 
Schedule of Stock-based Compensation Expense
The following table sets forth the total stock-based compensation expense included in the Company’s condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)
Cost of revenue$3,357 $2,879 $5,945 $5,382 
Sales and marketing34,343 23,801 62,261 43,978 
Research and development45,956 35,268 78,649 60,984 
General and administrative38,721 24,043 71,057 45,370 
Total stock-based compensation expense$122,377 $85,991 $217,912 $155,714