v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense recorded in the condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Platform operations$8,816 $9,083 $17,214 $18,300 
Sales and marketing30,645 30,368 57,663 59,304 
Technology and development43,138 42,800 83,921 83,781 
General and administrative26,957 46,634 59,804 95,753 
Total$109,556 $128,885 $218,602 $257,138 
Schedule of Stock Option Activity
The following summarizes stock option activity:
Shares
Under Options
(in thousands)
Weighted-
Average
Exercise Price
Outstanding as of December 31, 2025
11,209$47.09 
Granted9,15822.36 
Exercised(600)8.73 
Expired/Forfeited(2,392)50.36 
Outstanding as of June 30, 2026
17,375$34.93 
Exercisable as of June 30, 2026
6,337$40.13 
Schedule of Restricted Stock Activity
The following summarizes restricted stock activity:
Shares
(in thousands)
Weighted-
Average
Grant Date
Fair Value
Unvested as of December 31, 2025
11,608 $63.63 
Granted15,705 25.50 
Vested(2,715)61.15 
Forfeited(2,081)47.76 
Unvested as of June 30, 2026
22,517 $38.81