v3.26.3
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense Recognized to Statements of Operations
A summary of share-based compensation expense recognized in the Condensed Consolidated Statements of Operations is as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Cost of revenues$2,860 $4,165 $8,771 $14,568 
Research and development14,799 15,786 44,123 47,361 
Sales and marketing24,842 26,771 71,708 87,366 
General and administrative22,149 17,977 51,844 56,754 
Total share-based compensation expense$64,650 $64,699 $176,446 $206,049 
Schedule of Share-Based Compensation Expense by Award Type
A summary of share-based compensation expense by award type is as follows (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026202520262025
Employee stock purchase plan rights (“ESPP”)$1,404 $897 $4,910 $3,716 
Performance stock units (“PSUs”) 12,567 4,266 22,346 19,995 
Restricted stock units (“RSUs”) 50,679 59,536 149,190 182,338 
Total share-based compensation expense$64,650 $64,699 $176,446 $206,049 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of September 30, 2026, and changes during the period then ended is presented in the following table:
Number of
RSUs/PSUs
Outstanding
(in thousands)
Weighted-
Average
Grant Date Fair
Value Per Share
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of December 31, 20256,275 $34.30 $181,227 
Granted3,545 42.58 
Released(4,523)35.12 
Canceled/Forfeited(420)35.33 
Outstanding as of September 30, 20264,877 $40.48 $364,383