STOCK-BASED COMPENSATION (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity |
A summary of the Company’s service-based stock option activity for the six months ended June 30, 2026 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Outstanding Stock Options | | Weighted average exercise price ($) | | Weighted-average remaining contractual life (years) | | Aggregate intrinsic value | Balance as of December 31, 2025 | 25,280,942 | | | $ | 10.86 | | | 5.48 | | $ | 368,580 | | | Granted | 3,955,185 | | | 21.63 | | | | | | Exercised | (5,639,763) | | | 2.83 | | | | | | Forfeited/Cancelled | (291,987) | | | 19.61 | | | | | | | | | | | | | Balance as of June 30, 2026 | 23,304,377 | | | $ | 14.52 | | | 6.38 | | $ | 164,439 | | Vested and expected to vest as of June 30, 2026 | 23,304,377 | | | $ | 14.52 | | | 6.38 | | $ | 164,439 | | Exercisable as of June 30, 2026 | 14,988,786 | | | $ | 10.51 | | | 5.01 | | $ | 155,388 | |
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| Schedule of Service-Based and Performance-Based RSAs Activity |
A summary of the Company’s service-based RSA activity is as follows: | | | | | | | | | | | | | Number of Shares of Restricted Stock | | Weighted-average grant date fair value per share | Balance as of December 31, 2025 | 498,722 | | | $ | 23.25 | | | Granted | — | | | — | | | Vested | (138,894) | | | 23.25 | | | Forfeited/Cancelled | — | | | — | | Balance as of June 30, 2026 | 359,828 | | | $ | 23.25 | |
A summary of the Company’s performance-based RSA activity is as follows: | | | | | | | | | | | | | Number of Shares of Restricted Stock | | Weighted-average grant date fair value per share | Balance as of December 31, 2025 | 483,125 | | | $ | 23.25 | | | Granted | — | | | — | | | Vested | (18,666) | | | 23.25 | | | Forfeited/Cancelled | — | | | — | | Balance as of June 30, 2026 | 464,459 | | | $ | 23.25 | |
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| Schedule of Service-based RSUs Activity |
A summary of the Company’s service-based RSUs activity is as follows: | | | | | | | | | | | | | Number of Restricted Stock Units | | Weighted-average grant date fair value per share | Unvested as of December 31, 2025 | 20,874,834 | | | $ | 24.43 | | | Granted | 10,668,124 | | | 20.84 | | Vested | (254,055) | | | 21.13 | | Vested and settled (1) | (4,582,465) | | | 23.39 | | | Forfeited/Cancelled | (2,881,237) | | | 23.25 | | Unvested as of June 30, 2026 | 23,825,201 | | | $ | 23.04 | |
__________________ (1)Includes 160,231 shares of common stock underlying RSUs that were withheld to cover taxes on the settlement of vested RSUs during the six months ended June 30, 2026.
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| Schedule of Service-based PSUs Activity |
A summary of the Company’s performance-based PSU activity is as follows: | | | | | | | | | | | | | Number of Shares of Restricted Stock | | Weighted-average grant date fair value per share | Balance as of December 31, 2025 | 6,669,297 | | | $ | 26.74 | | | Granted | — | | | — | | | Vested | — | | | — | | | Forfeited/Cancelled | (65,368) | | | 23.25 | | Balance as of June 30, 2026 | 6,603,929 | | | $ | 26.77 | |
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| Schedule of Stock-Based Compensation Expense |
The following table summarizes the total stock-based compensation expense: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | Six Months Ended
June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | Member support and operations | | | | $ | 9,237 | | | $ | 119,517 | | | $ | 17,759 | | | $ | 120,641 | | | | | Sales and marketing | | | | 4,390 | | | 42,406 | | | 8,390 | | | 42,889 | | | | | Technology and development | | | | 28,159 | | | 530,249 | | | 53,562 | | | 533,952 | | | | | General and administrative | | | | 27,614 | | | 217,975 | | | 50,341 | | | 221,361 | | | | Total | | | | $ | 69,400 | | | $ | 910,147 | | | $ | 130,052 | | | $ | 918,843 | | | |
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