v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Class A common stock
Class A common stock
Common stock
Class B common stock
Class B common stock
Common stock
Beginning balance (in shares) at Dec. 31, 2023           298,089   39,443
Beginning balance at Dec. 31, 2023 $ 763,047 $ 1,784,566 $ (1,023,840) $ 1,984   $ 297   $ 40
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares)           186   1,592
Issuance of common stock upon exercise of stock options 7,614 7,612           $ 2
Issuance of common stock related to early exercised stock options (in shares)               2
Vesting of shares issued upon early exercise of stock options 63 63            
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           2,154    
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (2)       $ 2    
Tax withholding on RSU settlement (in shares)           (102)    
Tax withholding on RSU settlement (8,763) (8,763)            
Conversion of Class B to Class A common stock (in shares)           2,821   (2,821)
Conversion of Class B to Class A common stock 0         $ 3   $ (3)
Common stock issued under employee stock purchase plan (in shares)           173    
Common stock issued under employee stock purchase plan 10,455 10,455            
Other 1,689 1,689            
Stock-based compensation 161,364 161,364            
Net loss (50,621)   (50,621)     $ (44,833)   $ (5,788)
Other comprehensive income (loss) (3,303)     (3,303)        
Ending balance (in shares) at Jun. 30, 2024           303,321   38,216
Ending balance at Jun. 30, 2024 881,545 1,956,984 (1,074,461) (1,319)   $ 302   $ 39
Beginning balance (in shares) at Mar. 31, 2024           301,023   38,710
Beginning balance at Mar. 31, 2024 797,224 1,857,168 (1,059,383) (900)   $ 300   $ 39
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares)           72   576
Issuance of common stock upon exercise of stock options 3,192 3,191           $ 1
Issuance of common stock related to early exercised stock options (in shares)               2
Vesting of shares issued upon early exercise of stock options 32 32            
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           1,040    
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (1)       $ 1    
Tax withholding on RSU settlement (in shares)           (59)    
Tax withholding on RSU settlement (4,362) (4,362)            
Conversion of Class B to Class A common stock (in shares)           1,072   (1,072)
Conversion of Class B to Class A common stock 0         $ 1   $ (1)
Common stock issued under employee stock purchase plan (in shares)           173    
Common stock issued under employee stock purchase plan 10,455 10,455            
Other 1,689 1,689            
Stock-based compensation 88,812 88,812            
Net loss (15,078)   (15,078)     $ (13,375)   $ (1,703)
Other comprehensive income (loss) (419)     (419)        
Ending balance (in shares) at Jun. 30, 2024           303,321   38,216
Ending balance at Jun. 30, 2024 881,545 1,956,984 (1,074,461) (1,319)   $ 302   $ 39
Beginning balance (in shares) at Dec. 31, 2024         307,892 307,892 36,963 36,963
Beginning balance at Dec. 31, 2024 1,046,201 2,152,750 (1,102,640) (4,253)   $ 307   $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares)           239   999
Issuance of common stock upon exercise of stock options 17,942 17,940       $ 1   $ 1
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           2,270    
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (2)       $ 2    
Tax withholding on RSU settlement (in shares)           (113)    
Tax withholding on RSU settlement (18,217) (18,217)            
Conversion of Class B to Class A common stock (in shares)           2,224   (2,224)
Conversion of Class B to Class A common stock 0         $ 2   $ (2)
Common stock issued under employee stock purchase plan (in shares)           165    
Common stock issued under employee stock purchase plan 13,057 13,057            
Reclassification of the 2025 capped calls from equity to derivative asset 308,299 308,299            
Purchase of capped calls related to the 2030 convertible senior notes (283,400) (283,400)            
Stock-based compensation 223,864 223,864            
Net loss (88,900)   (88,900)     $ (79,567)   $ (9,333)
Other comprehensive income (loss) 20,881     20,881        
Ending balance (in shares) at Jun. 30, 2025         312,677 312,677 35,738 35,738
Ending balance at Jun. 30, 2025 1,239,727 2,414,291 (1,191,540) 16,628   $ 312   $ 36
Beginning balance (in shares) at Mar. 31, 2025           309,991   36,538
Beginning balance at Mar. 31, 2025 1,425,878 2,562,972 (1,141,094) 3,654   $ 309   $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock upon exercise of stock options (in shares)           141   398
Issuance of common stock upon exercise of stock options 6,713 6,712       $ 1    
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           1,250    
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (1)       $ 1    
Tax withholding on RSU settlement (in shares)           (68)    
Tax withholding on RSU settlement (10,510) (10,510)            
Conversion of Class B to Class A common stock (in shares)           1,198   (1,198)
Conversion of Class B to Class A common stock 0         $ 1   $ (1)
Common stock issued under employee stock purchase plan (in shares)           165    
Common stock issued under employee stock purchase plan 13,057 13,057            
Purchase of capped calls related to the 2030 convertible senior notes (283,400) (283,400)            
Stock-based compensation 125,461 125,461            
Net loss (50,446)   (50,446)     $ (45,216)   $ (5,230)
Other comprehensive income (loss) 12,974     12,974        
Ending balance (in shares) at Jun. 30, 2025         312,677 312,677 35,738 35,738
Ending balance at Jun. 30, 2025 $ 1,239,727 $ 2,414,291 $ (1,191,540) $ 16,628   $ 312   $ 36