v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-Based Compensation  
Summary of stock-based compensation expenses

The following table presents stock-based compensation expense recorded for equity-classified awards in the three and six months ended June 30, 2025 and 2024.

Three months ended June 30, 

2025

2024

(in thousands)

Cost of revenues

$

6,196

$

4,046

Research and development

 

30,772

 

21,957

Selling, general and administrative

 

56,390

 

41,408

Total

$

93,358

$

67,411

Six months ended June 30, 

 

    

2025

    

2024

 

 

(in thousands)

Cost of revenues

$

11,466

$

7,823

Research and development

 

57,283

 

42,606

Selling, general and administrative

 

102,436

 

81,429

Total

$

171,185

$

131,858

Summary of stock option activity

Weighted-

Number of

Average

Shares

Exercise

Outstanding

Price

(in thousands, except for per share data)

December 31, 2024

3,875

$

30.22

Options exercised

(69)

$

13.01

Options forfeited/cancelled

(2)

$

3.78

June 30, 2025

3,804

$

30.54

RSU and performance-based awards

Weighted-

Average

Grant Date

Shares

Fair Value

(in thousands, except for per share data)

Balance at December 31, 2024

10,593

$

61.28

Awards granted

3,009

$

170.07

Awards vested

(3,926)

$

59.65

Awards forfeited/cancelled

(178)

$

81.90

Balance at June 30, 2025

9,498

$

90.89