v3.26.1
Equity Incentive Plan (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions
The Company estimated the fair value of the MRSUs granted using a Monte Carlo simulation model with the following assumptions:

Tranche 1
Tranche 2
Tranche 3
Expected volatility62.3 %62.3 %62.3 %
Risk-free interest rate based on U.S. Treasury yields
3.7 %3.7 %3.7 %
Expected term (years)
123
Weighted average grant-date fair value per share
$27.84 $40.72 $49.07 
Schedule of RSU Activity
RSU activity for the period presented is as follows:
Number of SharesWeighted
average grant
date fair value
Balance as of December 31, 20254,294,367 $34.05 
RSUs granted
2,725,837 46.33 
RSUs vested and settled
(1,146,647)26.71 
RSUs cancelled/forfeited
(634,202)34.97 
Balance as of June 30, 20265,239,355 $41.93 
Schedule of Stock Option Activity
The following summary of stock option activity for the periods presented is as follows (in thousands, except share and per share data):
Number of Shares
Underlying
Outstanding Options		Weighted
Average
Exercise Price
per Share		Weighted
Average
Remaining
Contractual Life
(in Years)		Aggregate
Intrinsic Value
Balance as of December 31, 20254,108,029 $5.66 2.8$240,230 
Options exercised(644,129)8.14 
Balance as of June 30, 20263,463,900 5.20 2.3173,746 
Exercisable as of June 30, 20263,463,900 $5.20 2.3$173,746 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense was allocated as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of subscription revenue$551 $716 $1,015 $884 
Cost of hardware revenue319 438 619 673 
Cost of advertising revenue
147 — 280 — 
Total cost of revenue1,017 1,154 1,914 1,557 
Research and development9,666 7,780 17,489 13,490 
Sales and marketing3,356 2,047 5,401 3,373 
General and administrative8,782 4,247 14,272 6,698 
Total stock-based compensation expense, net of amounts capitalized
$22,821 $15,228 $39,076 $25,118