v3.26.1
Stockholders' Equity and Stock-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Stock Option Activity
A summary of the Company’s stock option activity during the six months ended June 30, 2026 is as follows:
Outstanding OptionsWeighted Average Exercise
Price		Weighted Average Remaining
Contractual Life		Aggregate Intrinsic Value
(in thousands)(Years)(in thousands)
Balance as of December 31, 20251,186$127.50 7.0$13,453 
Granted118$108.36 
Exercised(18)$49.41 
Canceled(54)$136.90 
Balance as of June 30, 20261,232$126.45 6.7$18,185 
Vested and expected to vest as of June 30, 20261,127$126.62 6.5$16,557 
Exercisable as of June 30, 2026808$125.45 5.7$12,712 
Schedule of RSU Activity Inclusive of PRSU Activity
A summary of the Company’s RSU activity, inclusive of PRSU activity, during the six months ended June 30, 2026 is as follows:
Outstanding RSUsWeighted Average Grant Date Fair Value
Per Share
(in thousands)
Balance as of December 31, 20251,148(1)$133.74 
Granted328(2)$118.02 
Vested(281)(3)$136.64 
Forfeited(155)(4)$135.79 
Balance as of June 30, 20261,040(5)$128.35 
Outstanding and expected to vest as of June 30, 2026808$128.29 
(1)Included 165 thousand PRSUs granted to certain executive officers in 2025, 2024 and 2022.
(2)Included 201 thousand PRSUs granted to certain executive officers in the six months ended June 30, 2026.
(3)Included 91 thousand PRSUs granted to certain executive officers in 2025 and 2022.
(4)Included 59 thousand PRSUs granted to certain executive officers in 2025.
(5)Included 216 thousand PRSUs granted to certain executive officers in 2026, 2025 and 2024.
Schedule of Stock-Based Compensation Expense in Statements of Operations
The following table shows a summary of the stock-based compensation expenses included in the condensed consolidated statements of operations:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands)(in thousands)
Cost of revenues$1,941 $1,980 $4,002 $4,070 
Research and development4,511 4,963 9,119 10,067 
Sales and marketing3,712 3,083 7,901 6,283 
General and administrative8,649 8,020 17,131 16,446 
Total stock-based compensation, net of amounts capitalized (1)$18,813 $18,046 $38,153 $36,866 
(1)Total stock-based compensation expense capitalized was de minimis during the three and six months ended June 30, 2026 and 2025.
Schedule of Share Repurchase Program
The Company's share repurchase program was authorized by the board of directors as follows:
Announcement DateAuthorized Dollar Value
(in millions)
February 12, 2018$100.0 
October 30, 2018100.0 
October 30, 2019100.0 
May 7, 2020100.0 
February 10, 2021100.0 
November 3, 2021200.0 
May 4, 2022200.0 
February 9, 2023100.0 
February 7, 2024200.0 
February 6, 2025200.0 
February 5, 2026200.0 
Total as of June 30, 2026$1,600.0