v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Common Stock Reserved for Future Issuance
Shares of common stock reserved for future issuance related to outstanding equity awards and employee equity incentive plans as of June 30, 2026 were as follows (in thousands):
June 30, 2026
Stock options outstanding328
RSUs (including PRSUs) outstanding8,871
Shares available for future grant under 2014 Plan8,827
Shares available for future grant under 2026 Inducement Plan2,900
Shares available for future issuance under ESPP3,256
Total shares of common stock reserved24,182
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 (in thousands, except years and per share data):
Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(Years)		Aggregate
Intrinsic
Value
Outstanding as of December 31, 2025390 $51.62 
Options granted— — 
Options exercised(55)8.15 
Options forfeited or expired(7)85.64 
Outstanding as of June 30, 2026328 58.08 2.2$940 
Vested and expected to vest as of June 30, 2026328 58.08 2.2940 
Exercisable as of June 30, 2026328 58.08 2.2940 
Schedule of RSU Activity
A summary of the Company’s restricted stock unit ("RSU") activity, including PRSUs, during the six months ended June 30, 2026 is as follows (in thousands, except per share data):     
Number of SharesWeighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 20256,029 $43.50 
RSUs granted(1)
4,853 19.55 
RSUs vested and released(1,399)42.23 
RSUs forfeited or cancelled(612)54.64 
Outstanding as of June 30, 20268,871 29.83 
(1) Includes 1,100,055 PRSUs granted during the six months ended June 30, 2026.
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was as follows (in thousands):
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Cost of revenue$5,794 $7,296 $12,101 $14,480 
Research and development7,257 8,829 14,772 17,519 
Sales and marketing8,668 13,355 17,232 24,929 
General and administrative11,261 12,379 21,539 24,176 
Total stock-based compensation expense$32,980 $41,859 $65,644 $81,104 
Schedule of Unrecognized Compensation Expense
As of June 30, 2026, unrecognized stock-based compensation expense by award type and expected weighted-average recognition periods are summarized in the following table (in thousands, except years).
Stock OptionRSU
(excluding PRSUs)		PRSUESPP
Unrecognized stock-based compensation expense$— $209,686 $29,219 $1,391 
Weighted-average amortization period0.0 years2.2 years1.9 years0.4 years
Schedule of Valuation Assumptions, Stock Option
The weighted-average assumptions used to value PRSUs with market conditions granted during the periods presented were as follows:
PRSUs (Market Conditions)
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Expected term (years)— — 2.92.8
Volatility— %— %59.9 %55.8 %
Risk-free interest rate— %— %3.4 %4.0 %
Dividend yield (1)— — — — 
(1)The Company has not paid, and does not anticipate paying, cash dividends on its shares of common stock. Accordingly, the expected dividend yield is zero.