v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):
Three months ended June 30,Six months ended June 30,
2025202420252024
Cost of revenue
Subscription and support
$2,511 $1,943 $4,944 $3,544 
Professional services
1,106 763 2,102 1,490 
Operating expenses
Research and development
6,556 5,152 12,606 9,793 
Sales and marketing
9,890 8,490 19,641 16,528 
General and administrative
8,404 9,054 17,062 17,054 
Total
$28,467 $25,402 $56,355 $48,409 
Schedule of Stock-Option Activity
The following table summarizes the option activity under the Plan for the six months ended June 30, 2025:




Options

Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Outstanding at December 31, 2024892,396 $14.09 1.7
Exercised(166,937)14.58 
Outstanding at June 30, 2025725,459 $13.98 1.4
Exercisable at June 30, 2025725,459 $13.98 1.4
Schedule of Restricted Stock Units and Performance Restricted Stock Units Activity
The following table summarizes the restricted stock unit and performance restricted stock unit activity under the Plan for the six months ended June 30, 2025:




Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested at December 31, 20242,723,666 $91.56 
Granted1,403,595 93.58 
Forfeited(145,402)91.00 
Vested(1)
(801,549)97.25 
Unvested at June 30, 20253,180,310 $91.04 
(1) During the six months ended June 30, 2025, in accordance with our Nonqualified Deferred Compensation Plan, recipients of 5,634 shares elected to defer settlement of their vested restricted stock units and 9,375 shares were released from deferral.