Equity Incentive Plan (Tables)

3 Months Ended

Mar. 31, 2026

RSU activity for the period presented is as follows:


	Number of Shares	Weighted average grant date fair value
Balance as of December 31, 2025	4,294,367	$	34.05
RSUs granted	733,375	55.73
RSUs vested and settled	(545,286)	23.58
RSUs cancelled/forfeited	(183,905)	34.65
Balance as of March 31, 2026	4,298,551	$	39.05

The following summary of stock option activity for the periods presented is as follows (in thousands, except share and per share data):


	Number of Shares Underlying Outstanding Options	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Balance as of December 31, 2025	4,108,029	$	5.66	2.8	$	240,230

Options exercised	(358,697)	6.50

Balance as of March 31, 2026	3,749,332	5.58		2.6	132,122
Exercisable as of March 31, 2026	3,744,483	$	5.57	2.6	$	131,978

Stock-based compensation expense was allocated as follows (in thousands):


	Three Months Ended March 31,
	2026		2025
Cost of subscription revenue	$	463	$	168
Cost of hardware revenue	299		235
Cost of advertising revenue	133		—
Cost of other revenue	—		—
Total cost of revenue	895		403
Research and development	7,824		5,709
Sales and marketing	2,046		1,326
General and administrative	5,490		2,451
Total stock-based compensation expense, net of amounts capitalized	$	16,255	$	9,889