v3.26.1
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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
June 30,
Six Months Ended
June 30,
 2026202520262025
Cost of revenues$2,782 $4,243 $5,911 $10,403 
Research and development15,133 14,003 29,324 31,575 
Sales and marketing23,298 25,411 46,866 60,595 
General and administrative15,918 19,812 29,695 38,777 
Total share-based compensation expense$57,131 $63,469 $111,796 $141,350 
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
June 30,
Six Months Ended
June 30,
 2026202520262025
Employee stock purchase plan rights (“ESPP”)$1,811 $1,415 $3,506 $2,819 
Performance stock units (“PSUs”) 4,327 5,623 9,779 15,729 
Restricted stock units (“RSUs”) 50,993 56,431 98,511 122,802 
Total share-based compensation expense$57,131 $63,469 $111,796 $141,350 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of June 30, 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 
Granted3,290 40.85 
Released(3,299)33.48 
Canceled/Forfeited(200)33.15 
Outstanding as of June 30, 20266,066 $39.16 $236,455