v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
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 March 31,
20262025
Cost of revenue
Subscription and support
$2,848 $2,433 
Professional services
1,189 996 
Operating expenses
Research and development
6,401 6,050 
Sales and marketing
9,847 9,751 
General and administrative
8,322 8,658 
Total
$28,607 $27,888 
Schedule of Stock-Option Activity
The following table summarizes the option activity under the Plan for the three months ended March 31, 2026:




Options

Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Outstanding at December 31, 2025463,369 $13.72 1.1
Exercised(43,692)16.68 
Outstanding at March 31, 2026419,677 $13.41 0.9
Exercisable at March 31, 2026419,677 $13.41 0.9
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 three months ended March 31, 2026:




Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested at December 31, 20252,856,553 $90.25 
Granted1,602,036 76.73 
Forfeited(83,689)86.78 
Vested(1)
(705,661)97.09 
Unvested at March 31, 20263,669,239 $83.11 
(1) During the three months ended March 31, 2026, in accordance with our Nonqualified Deferred Compensation Plan, no recipients elected to defer settlement of their vested restricted stock units and 42,406 shares were released from deferral.