v3.26.1
Equity Incentive Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of recorded stock-based compensation expense in the condensed consolidated statement of operations
The Company recorded stock-based compensation expense for the periods presented as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Cost of revenue$1,836 $1,989 $3,754 $4,470 
Research and development10,533 12,613 21,228 26,719 
Selling, general and administrative13,247 12,643 23,276 27,132 
Total stock-based compensation expense$25,616 $27,245 $48,258 $58,321 
Schedule of RSU activity
Restricted stock units (“RSUs”) activity for the six months ended June 30, 2026 was as follows:
Restricted Stock
Units		Weighted-Average
Grant Date Fair Value
(per share)
Outstanding as of December 31, 20257,826,741 $19.68 
Granted3,512,697 23.49 
Vested(1,863,853)23.08 
Cancelled(717,295)19.31 
Outstanding as of June 30, 20268,758,290 $20.52 
Schedule of the company's stock option activity
Stock option activity for the six months ended June 30, 2026 was as follows:
Stock OptionsWeighted-Average
Exercise Price
Outstanding as of December 31, 20253,561,297 $48.55 
Exercised(117,009)3.86 
Cancelled and forfeited(53,462)45.79 
Outstanding as of June 30, 20263,390,826 $50.13 
Schedule of share-based payment award, stock options, valuation assumptions
The Company estimated the weighted-average grant date fair values of shares granted under the TSR component of the 2026 PSUs using a Monte Carlo simulation model with the following assumptions:
Expected volatility 64%
Risk-free interest rate3.4%
Expected dividend yield—%