v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense
Stock-based compensation expense for restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), stock options and purchase rights issued under our employee stock purchase plan was classified in the accompanying unaudited condensed consolidated statements of operations as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
 (in thousands)
Stock-based compensation expense:
Cost of revenue$2,580 $3,270 $4,844 $5,941 
Research and development10,250 8,989 20,636 16,933 
Sales and marketing7,451 7,843 14,692 14,980 
General and administrative7,300 8,964 14,560 16,957 
Total stock-based compensation expense$27,581 $29,066 $54,732 $54,811 
Summary of Restricted Stock and Restricted Stock Unit Activity RSUs and PSUs activity during the six months ended June 30, 2025 was as follows:
 Shares        Weighted-
Average Grant
Date Fair
Value
Unvested balance as of December 31, 20242,853,235 $57.25 
Granted2,409,816 $33.50 
Vested(897,008)$55.64 
Forfeited(404,603)$54.17 
Unvested balance as of June 30, 20253,961,440 $43.45 
Summary of Stock Option Activity The following tables summarizes information about stock option activity during the reporting periods:
Shares
Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual Life
(in years)		Aggregate
Intrinsic
Value
(in thousands)
Outstanding as of December 31, 2024582,638 $12.38 $16,225 
Granted— 
Exercised(157,317)$10.10 $4,541 
Forfeited/cancelled(200)$10.88 $— 
Outstanding as of June 30, 2025425,121 $13.23 1.1$4,215 
Vested and exercisable as of June 30, 2025425,121 $13.23 1.1$4,215