v3.26.1
Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense Recognized to Statements of Operations
A summary of share-based compensation expense recognized in the Condensed Consolidated Statements of Operations is as follows (in thousands):
Three Months Ended
March 31,
 20262025
Cost of revenues$3,129 $6,160 
Research and development14,191 17,572 
Sales and marketing23,568 35,184 
General and administrative13,777 18,965 
Total share-based compensation expense$54,665 $77,881 
Schedule of Share-Based Compensation Expense by Award Type
A summary of share-based compensation expense by award type is as follows (in thousands):
Three Months Ended
March 31,
 20262025
Employee stock purchase plan rights (“ESPP”)$1,695 $1,404 
Performance stock units (“PSUs”) 5,452 10,106 
Restricted stock units (“RSUs”) 47,518 66,371 
Total share-based compensation expense$54,665 $77,881 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of March 31, 2026, and changes during the period then ended is presented in the following table:
Number of
RSUs/PSUs
Outstanding
(in thousands)
Weighted-
Average
Grant Date Fair
Value Per Share
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of December 31, 20256,275 $34.30 $181,227 
Granted901 32.64 
Released(1,967)31.59 
Canceled/Forfeited(115)33.16 
Outstanding as of March 31, 20265,094 $35.07 $189,432