v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of RSU and RSA Activity The following table summarizes the RSU and RSA activity for the six months ended June 30, 2026:
Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 20254,460,851 $58.71 
Granted2,798,394 $149.70 
Vested
(2,323,949)$73.54 
Canceled/Forfeited
(199,779)$93.48 
Unvested as of June 30, 20264,735,517 $103.73 
Summary of Stock Option Activity The following table summarizes the stock option activity during the six months ended June 30, 2026:
Outstanding
stock
options		Weighted-
average
exercise
price		Weighted-
average
remaining
contractual
life
(years)		Aggregate
intrinsic
value
(in thousands, except share, per share, and year data)
Balance as of December 31, 202510,852,131 $38.38 7.14$2,078,120 
Exercised
(859,563)11.57 
Balance as of June 30, 20269,992,568 $40.68 6.91$1,327,993 
Vested as of June 30, 20265,540,026 $37.09 6.44$756,131 
Vested and expected to vest as of June 30, 20269,992,568 $40.68 6.91$1,327,993 
Summary of Components of Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in the consolidated statements of operations for all periods presented:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in thousands)
Cost of revenue$253 $204 $398 $421 
Research and development$65,857 56,663 108,267 109,273 
Sales and marketing$12,079 10,198 17,902 20,336 
General and administrative$22,763 22,005 42,721 44,454 
Stock-based compensation expense
$100,952 $89,070 $169,288 $174,484