v3.26.1
Stock-based Compensation
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
The Company regularly issues share-based compensation to its employees and directors who are not employees of the Company. The accounting guidance for share-based compensation requires measurement of compensation cost for share-based awards at fair value and recognition of compensation cost over the service period. For a full description of the Company’s stock-based compensation programs, refer to Note 14. “Common Stock and Stockholders’ Equity” of the Company’s financial statements included in the Company's 2025 Form 10-K.

In the six months ended June 30, 2026, the Company granted a portion of its employees awards in the form of restricted stock units (“RSUs”) and performance stock units (“PSUs”). The total number of units granted was approximately 7.3 million and the aggregate fair value of the awards was $38.8 million. A portion of the awards granted consisted of RSUs vesting over a three year period, with one-third vesting on the first anniversary of the grant and with the remainder vesting quarterly thereafter. A smaller portion of the awards granted consisted of PSUs subject to the achievement of specific performance criteria that will time-vest over a three year period, whereas the expense will be recognized on an accelerated tranche-by-tranche basis.

The following table reflects stock-based compensation expense by award type for the indicated periods (in thousands):

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Options$186 $747 $394 $1,815 
RSUs9,262 18,537 21,850 40,707 
PSUs(347)2,782 1,148 4,311 
Employee stock purchase plan200 278 520 674 
Total stock-based compensation expense$9,301 $22,344 $23,912 $47,507 
Total compensation costs for stock-based awards were recorded for the indicated periods as follows (in thousands):

Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Cost of revenue (exclusive of depreciation and amortization, which are shown separately)$124 $506 $471 $1,079 
Advertising and marketing426 1,302 1,286 2,805 
Sales1,460 3,594 3,537 7,853 
Technology and development1,735 4,247 4,462 10,032 
General and administrative5,556 12,695 14,156 25,738 
Total stock-based compensation expense 9,301 22,344 23,912 47,507 
Capitalized stock-based compensation413 1,904 943 4,481 
Total stock-based compensation$9,714 $24,248 $24,855 $51,988 

As of June 30, 2026, the Company had unrecognized compensation cost related to outstanding stock-based award as follows (dollars in thousands):

Award TypeUnearned CompensationWeighted Average Remaining Life
(Years)
Options$782 1.2
RSUs$59,151 2.0
PSUs$8,981 2.5