v3.26.1
Stock-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity Stock option activity for the period from December 31, 2025 to June 30, 2026 is as follows:
Number of Options
Weighted-Average Exercise Price
Balance as of December 31, 202546,661,680 $12.88 
Exercised(467,148)$4.83 
Forfeited(416,052)$12.61 
Fractional awards exchanged for cash upon stock split(105)$4.97 
Balance as of June 30, 202645,778,375 $12.97 
Schedule of Stock Appreciation Right, Activity
SARs—SARs activity for the period from December 31, 2025 to June 30, 2026 is as follows:

Number of SARs
Weighted-Average Exercise Price
Balance as of December 31, 20251,146,185 $7.63 
Forfeited(12,854)$11.71 
Fractional awards exchanged for cash upon stock split(54)$5.68 
Balance as of June 30, 20261,133,277 $7.59 
Schedule of Restricted Stock Unit, Activity
RSUs—RSUs contain time and/or performance vesting conditions. Total RSU activity for the period from December 31, 2025 to June 30, 2026 is as follows:
Number of RSUsWeighted-Average Grant Date Fair Value
Balance as of December 31, 202563,212 $20.63 
Granted24,375 $23.00 
Balance as of June 30, 202687,587 $21.29 
Schedule of Stock-Based Compensation Expense
Stock-Based Compensation Expense—Total stock-based compensation expense was recognized as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Research and development$9,760 $14,457 $12,003 $15,328 
Sales and marketing4,224 2,251 6,606 3,454 
General and administrative14,080 4,901 15,869 6,517 
Cost of revenue159 245 356 386
Total stock-based compensation expense$28,223 $21,854 $34,834 $25,685