v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Restricted Stock Units ("RSUs")
Common Stock
Treasury Stock
Additional paid-in capital
Accumulated
deficit
Accumulated
other
comprehensive (loss) income
Common Class A
Common Class A
Common Stock
Common Class A
Common Stock
Restricted Stock Units ("RSUs")
Common Class B
Common Class B
Common Stock
Common Class B
Common Stock
Restricted Stock Units ("RSUs")
Beginning balance (in shares) at Dec. 31, 2024                 414,493,051     89,032,305  
Beginning balance at Dec. 31, 2024 $ 341,143     $ (30,991) $ 2,576,471 $ (2,202,803) $ (1,584)   $ 41     $ 9  
Beginning balance (in shares) at Dec. 31, 2024       18,752,947                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Stock issuance for exercise of stock options, net of early exercise liability (in shares)                 139,709        
Stock issuance for exercise of stock options, net of early exercise liability 215       215                
Stock-based compensation 26,437       26,437                
Vested restricted stock units (in shares)                   6,431,417     3,342,698
Vested restricted stock units   $ 1             $ 1        
Unrealized holdings (loss) gain on investment securities, available for sale 1,510           1,510            
Shares withheld for taxes on equity awards (in shares)       1,833,218         (1,833,218)        
Shares withheld for taxes on equity awards (13,659)     $ (13,659)                  
Repurchases of common stock (in shares)       5,069,423         (5,069,423)        
Repurchases of common stock (18,298)   $ (1) $ (18,297)                  
Net income (loss) (1,274)         (1,274)              
Ending balance (in shares) at Mar. 31, 2025                 414,161,536     92,375,003  
Ending balance at Mar. 31, 2025 336,075     $ (62,947) 2,603,123 (2,204,077) (74)   $ 41     $ 9  
Ending balance (in shares) at Mar. 31, 2025       25,655,588                  
Beginning balance (in shares) at Dec. 31, 2024                 414,493,051     89,032,305  
Beginning balance at Dec. 31, 2024 341,143     $ (30,991) 2,576,471 (2,202,803) (1,584)   $ 41     $ 9  
Beginning balance (in shares) at Dec. 31, 2024       18,752,947                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Unrealized holdings (loss) gain on investment securities, available for sale 1,761                        
Net income (loss) (11,852)                        
Ending balance (in shares) at Jun. 30, 2025                 418,386,775     92,375,003  
Ending balance at Jun. 30, 2025 344,179     $ (71,415) 2,630,021 (2,214,655) 177   $ 42     $ 9  
Ending balance (in shares) at Jun. 30, 2025       28,132,383                  
Beginning balance (in shares) at Mar. 31, 2025                 414,161,536     92,375,003  
Beginning balance at Mar. 31, 2025 336,075     $ (62,947) 2,603,123 (2,204,077) (74)   $ 41     $ 9  
Beginning balance (in shares) at Mar. 31, 2025       25,655,588                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Stock issuance for exercise of stock options, net of early exercise liability (in shares)                 97,249        
Stock issuance for exercise of stock options, net of early exercise liability 148       148                
Stock-based compensation 26,195       26,195                
Vested restricted stock units (in shares)                   6,417,884      
Vested restricted stock units   $ 1             $ 1        
Unrealized holdings (loss) gain on investment securities, available for sale 251           251            
Shares withheld for taxes on equity awards (in shares)       2,476,795         (2,476,795)        
Shares withheld for taxes on equity awards (8,468)     $ (8,468)                  
Issuance of common stock under employee stock purchase plan (in shares)                 186,901        
Issuance of common stock under employee stock purchase plan 555       555                
Net income (loss) (10,578)         (10,578)              
Ending balance (in shares) at Jun. 30, 2025                 418,386,775     92,375,003  
Ending balance at Jun. 30, 2025 344,179     $ (71,415) 2,630,021 (2,214,655) 177   $ 42     $ 9  
Ending balance (in shares) at Jun. 30, 2025       28,132,383                  
Beginning balance (in shares) at Dec. 31, 2025               426,669,369 426,669,369   92,373,157 92,373,157  
Beginning balance at Dec. 31, 2025 $ 308,704     $ (86,187) 2,682,663 (2,288,352) 528   $ 43     $ 9  
Beginning balance (in shares) at Dec. 31, 2025 33,412,273     33,412,273                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Stock issuance for exercise of stock options, net of early exercise liability (in shares)                 23,782        
Stock issuance for exercise of stock options, net of early exercise liability $ 30       30                
Stock-based compensation 12,451       12,451                
Vested restricted stock units (in shares)                   4,427,824     3,342,699
Unrealized holdings (loss) gain on investment securities, available for sale (1,200)           (1,200)            
Shares withheld for taxes on equity awards (in shares)       1,565,397         (1,565,397)        
Shares withheld for taxes on equity awards (7,893)     $ (7,893)                  
Net income (loss) 27,334         27,334              
Ending balance (in shares) at Mar. 31, 2026                 429,555,578     95,715,856  
Ending balance at Mar. 31, 2026 339,426     $ (94,080) 2,695,144 (2,261,018) (672)   $ 43     $ 9  
Ending balance (in shares) at Mar. 31, 2026       34,977,670                  
Beginning balance (in shares) at Dec. 31, 2025               426,669,369 426,669,369   92,373,157 92,373,157  
Beginning balance at Dec. 31, 2025 $ 308,704     $ (86,187) 2,682,663 (2,288,352) 528   $ 43     $ 9  
Beginning balance (in shares) at Dec. 31, 2025 33,412,273     33,412,273                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Unrealized holdings (loss) gain on investment securities, available for sale $ (2,079)                        
Net income (loss) 55,335                        
Ending balance (in shares) at Jun. 30, 2026               433,432,644 433,432,644   95,714,926 95,714,926  
Ending balance at Jun. 30, 2026 $ 376,257     $ (95,867) 2,706,640 (2,233,017) (1,551)   $ 43     $ 9  
Ending balance (in shares) at Jun. 30, 2026 35,782,658     35,782,658                  
Beginning balance (in shares) at Mar. 31, 2026                 429,555,578     95,715,856  
Beginning balance at Mar. 31, 2026 $ 339,426     $ (94,080) 2,695,144 (2,261,018) (672)   $ 43     $ 9  
Beginning balance (in shares) at Mar. 31, 2026       34,977,670                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Stock issuance for exercise of stock options, net of early exercise liability (in shares)                 938,635        
Stock issuance for exercise of stock options, net of early exercise liability 1,652       1,652                
Stock-based compensation 9,293       9,293                
Vested restricted stock units (in shares)                   3,472,290      
Unrealized holdings (loss) gain on investment securities, available for sale (879)           (879)            
Conversion from Class B common stock to Class A common stock (in shares)                 930     (930)  
Shares withheld for taxes on equity awards (in shares)       804,988         (804,988)        
Shares withheld for taxes on equity awards (1,787)     $ (1,787)                  
Issuance of common stock under employee stock purchase plan (in shares)                 270,199        
Issuance of common stock under employee stock purchase plan 551       551                
Net income (loss) 28,001         28,001              
Ending balance (in shares) at Jun. 30, 2026               433,432,644 433,432,644   95,714,926 95,714,926  
Ending balance at Jun. 30, 2026 $ 376,257     $ (95,867) $ 2,706,640 $ (2,233,017) $ (1,551)   $ 43     $ 9  
Ending balance (in shares) at Jun. 30, 2026 35,782,658     35,782,658