Stock-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of Stock Option Activity |
A summary of the status of the Company’s stock option activity and the changes during the six months ended June 30, 2026, are as follows (in millions, except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted
Average
Exercise Price
Per Share |
|
|
Average
Remaining
Contractual
Term |
|
|
Aggregate
Intrinsic
Value |
|
Exercisable at December 31, 2025 |
|
|
1,388,764 |
|
|
$ |
11.38 |
|
|
|
4.6 |
|
|
$ |
66.8 |
|
Balance at December 31, 2025 |
|
|
1,479,226 |
|
|
$ |
11.79 |
|
|
|
4.7 |
|
|
$ |
70.5 |
|
Exercised |
|
|
(511,942 |
) |
|
$ |
11.49 |
|
|
|
— |
|
|
$ |
29.2 |
|
Forfeited |
|
|
(22,988 |
) |
|
$ |
15.82 |
|
|
|
— |
|
|
|
— |
|
Balance at June 30, 2026 |
|
|
944,296 |
|
|
$ |
11.86 |
|
|
|
4.4 |
|
|
$ |
79.9 |
|
Exercisable at June 30, 2026 |
|
|
922,373 |
|
|
$ |
11.76 |
|
|
|
4.3 |
|
|
$ |
78.2 |
|
|
| Summary of Restricted Stock Unit Activity |
A summary of the status of the Company’s RSU activity and the changes during the six months ended June 30, 2026 are as follows (in millions, except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date fair value (per share) |
|
|
Aggregate
Intrinsic
Value |
|
Unvested RSUs as of December 31, 2025 |
|
|
2,912,677 |
|
|
$ |
25.99 |
|
|
$ |
173.2 |
|
Granted |
|
|
1,189,464 |
|
|
$ |
46.89 |
|
|
|
— |
|
Vested |
|
|
(850,997 |
) |
|
$ |
25.82 |
|
|
|
— |
|
Forfeited and cancelled |
|
|
(251,792 |
) |
|
$ |
27.47 |
|
|
|
— |
|
Unvested RSUs as of June 30, 2026 |
|
|
2,999,352 |
|
|
$ |
34.20 |
|
|
$ |
289.5 |
|
|
| Schedule of Total Stock-based Compensation Costs |
Total stock-based compensation cost for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Sales and marketing |
|
$ |
2,333 |
|
|
$ |
2,194 |
|
|
$ |
3,851 |
|
|
$ |
4,223 |
|
Operations and support |
|
|
2,790 |
|
|
|
2,684 |
|
|
|
5,073 |
|
|
|
5,173 |
|
Product development |
|
|
1,586 |
|
|
|
1,731 |
|
|
|
2,582 |
|
|
|
3,400 |
|
General and administrative |
|
|
4,637 |
|
|
|
1,286 |
|
|
|
8,167 |
|
|
|
2,441 |
|
Total stock compensation expense |
|
$ |
11,346 |
|
|
$ |
7,895 |
|
|
$ |
19,673 |
|
|
$ |
15,237 |
|
|
| Performance Restricted Stock Units |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| Summary of Restricted Stock Unit Activity |
A summary of the status of the Company’s PRSU activity and the changes during the six months ended June 30, 2026 are as follows (in millions, except share and per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
Shares |
|
|
Weighted
Average
Grant Date fair value (per share) |
|
|
Aggregate
Intrinsic
Value |
|
Unvested PRSUs as of December 31, 2025 |
|
|
468,715 |
|
|
$ |
21.19 |
|
|
$ |
27.9 |
|
Granted |
|
|
319,891 |
|
|
$ |
37.25 |
|
|
|
— |
|
Vested |
|
|
(218,180 |
) |
|
$ |
21.03 |
|
|
|
— |
|
Forfeited and cancelled |
|
|
(43,884 |
) |
|
$ |
20.57 |
|
|
$ |
— |
|
Unvested PRSUs as of June 30, 2026 |
|
|
526,542 |
|
|
$ |
31.06 |
|
|
$ |
50.8 |
|
|