v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Thousands
Total
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive income (loss)
Class A common stock
Class A common stock
Common stock
Class A common stock
Common stock
Restricted Stock
Class B common stock
Class B common stock
Common stock
Beginning balance (in shares) at Dec. 31, 2024           307,892,000     36,963,000
Beginning balance at Dec. 31, 2024 $ 1,046,201 $ 2,152,750 $ (1,102,640) $ (4,253)   $ 307     $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock upon exercise of stock options (in shares)           239,000     999,000
Issuance of common stock upon exercise of stock options 17,942 17,940       $ 1     $ 1
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           2,270,000      
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (2)       $ 2      
Tax withholding on RSU and PSU settlement (in shares)           (113,000)      
Tax withholding on RSU and PSU settlement (18,217) (18,217)              
Conversion of Class B to Class A common stock (in shares)           2,224,000     (2,224,000)
Conversion of Class B to Class A common stock 0         $ 2     $ (2)
Common stock issued under employee stock purchase plan (in shares)           165,000      
Common stock issued under employee stock purchase plan 13,057 13,057              
Reclassification of the 2025 capped calls from equity to derivative asset 308,299 308,299              
Purchase of capped calls related to the 2030 convertible senior notes (283,400) (283,400)              
Stock-based compensation 223,864 223,864              
Net loss (88,900)   (88,900)     $ (79,567)     $ (9,333)
Other comprehensive income (loss) 20,881     20,881          
Ending balance (in shares) at Jun. 30, 2025           312,677,000     35,738,000
Ending balance at Jun. 30, 2025 1,239,727 2,414,291 (1,191,540) 16,628   $ 312     $ 36
Beginning balance (in shares) at Mar. 31, 2025           309,991,000     36,538,000
Beginning balance at Mar. 31, 2025 1,425,878 2,562,972 (1,141,094) 3,654   $ 309     $ 37
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of common stock upon exercise of stock options (in shares)           141,000     398,000
Issuance of common stock upon exercise of stock options 6,713 6,712       $ 1      
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           1,250,000      
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (1)       $ 1      
Tax withholding on RSU and PSU settlement (in shares)           (68,000)      
Tax withholding on RSU and PSU settlement (10,510) (10,510)              
Conversion of Class B to Class A common stock (in shares)           1,198,000     (1,198,000)
Conversion of Class B to Class A common stock 0         $ 1     $ (1)
Common stock issued under employee stock purchase plan (in shares)           165,000      
Common stock issued under employee stock purchase plan 13,057 13,057              
Purchase of capped calls related to the 2030 convertible senior notes (283,400) (283,400)              
Stock-based compensation 125,461 125,461              
Net loss (50,446)   (50,446)     $ (45,216)     $ (5,230)
Other comprehensive income (loss) 12,974     12,974          
Ending balance (in shares) at Jun. 30, 2025           312,677,000     35,738,000
Ending balance at Jun. 30, 2025 1,239,727 2,414,291 (1,191,540) 16,628   $ 312     $ 36
Beginning balance (in shares) at Dec. 31, 2025         317,319,000 317,319,000   34,568,000 34,568,000
Beginning balance at Dec. 31, 2025 1,459,123 2,651,420 (1,204,907) 12,259   $ 317     $ 34
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of stock in connection with acquisition (in shares)           351,000 372,000    
Issuance of stock in connection with acquisition 98,686 98,686              
Issuance of common stock upon exercise of stock options (in shares)           130,000     841,000
Issuance of common stock upon exercise of stock options 9,815 9,814             $ 1
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           2,403,000      
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (3)       $ 3      
Tax withholding on RSU and PSU settlement (in shares)           (149,000)      
Tax withholding on RSU and PSU settlement (29,473) (29,473)              
Conversion of Class B to Class A common stock (in shares)           1,654,000     (1,654,000)
Conversion of Class B to Class A common stock 0         $ 2     $ (2)
Common stock issued under employee stock purchase plan (in shares)           96,000      
Common stock issued under employee stock purchase plan 16,075 16,075              
Stock-based compensation 281,194 281,194              
Net loss (192,908)   (192,908)     $ (174,283)     $ (18,625)
Other comprehensive income (loss) (22,492)     (22,492)          
Ending balance (in shares) at Jun. 30, 2026         322,176,000 322,176,000   33,755,000 33,755,000
Ending balance at Jun. 30, 2026 1,620,020 3,027,713 (1,397,815) (10,233)   $ 322     $ 33
Beginning balance (in shares) at Mar. 31, 2026           319,275,000     34,099,000
Beginning balance at Mar. 31, 2026 1,526,708 2,759,973 (1,227,834) (5,783)   $ 319     $ 33
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Issuance of stock in connection with acquisition (in shares)           351,000 372,000    
Issuance of stock in connection with acquisition 98,686 98,686              
Issuance of common stock upon exercise of stock options (in shares)           49,000     518,000
Issuance of common stock upon exercise of stock options 4,112 4,111             $ 1
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) (in shares)           1,243,000      
Issuance of common stock related to settlement of restricted stock units (RSUs) and performance stock units (PSUs) 0 (2)       $ 2      
Tax withholding on RSU and PSU settlement (in shares)           (72,000)      
Tax withholding on RSU and PSU settlement (14,402) (14,402)              
Conversion of Class B to Class A common stock (in shares)           862,000     (862,000)
Conversion of Class B to Class A common stock 0         $ 1     $ (1)
Common stock issued under employee stock purchase plan (in shares)           96,000      
Common stock issued under employee stock purchase plan 16,075 16,075              
Stock-based compensation 163,272 163,272              
Net loss (169,981)   (169,981)     $ (153,719)     $ (16,262)
Other comprehensive income (loss) (4,450)     (4,450)          
Ending balance (in shares) at Jun. 30, 2026         322,176,000 322,176,000   33,755,000 33,755,000
Ending balance at Jun. 30, 2026 $ 1,620,020 $ 3,027,713 $ (1,397,815) $ (10,233)   $ 322     $ 33