XML 49 R36.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stock-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Awards The following table summarizes the stock options activity under the 2010 Plan and 2019 Plan during the periods presented:
Stock Options Outstanding
(in thousands, except year and per share data)
Shares Subject
to Options
Outstanding		Weighted-
Average
Exercise Price
per Option		Weighted-
Average
Remaining
Contractual
Terms (in years)		Aggregate
Intrinsic Value
Balances as of December 31, 202113,603 $12.47 6.0$1,726,440 
Options granted5,733 $97.71 
Options exercised(2,484)$4.08 $180,990 
Options canceled/forfeited/expired(966)$74.88 
Balances as of December 31, 202215,886 $34.21 6.3$451,782 
Options granted1,290 $51.21 
Options exercised(2,989)$4.96 $171,225 
Options canceled/forfeited/expired(1,664)$62.62 
Balances as of December 31, 202312,523 $21.03 5.7$787,633 
Options granted 625 $81.45 
Options exercised (2,984)$4.33 $257,941 
Options canceled/forfeited/expired (1,317)$48.00 
Balances as of December 31, 20248,847 $26.91 5.1$720,364 
Vested and expected to vest as of December 31, 20248,847 $26.91 5.1$720,364 
Exercisable as of December 31, 20244,891 $7.56 3.0$495,491 
Schedule of Assumptions Used to Determine the Fair Value of Stock Options Granted
The weighted-average assumptions used to determine the fair value of the Performance Options during the periods presented were as follows:
Year ended December 31,
202420232022
Expected term (in years)10.010.09.8
Expected volatility60.6 %63.7 %59.5 %
Risk-free interest rate4.2 %3.9 %3.0 %
Dividend yield— — — 
Schedule of Restricted Stock Units Activity
RSU and PSU activity under the 2019 Plan and the 2010 Plan for the year ended December 31, 2024 was as follows:
Restricted Stock, RSUs, and PSUs*
Weighted-Average
Grant
Date Fair Value
(in thousands, except per share data)
Unvested and outstanding as of December 31, 20217,456 $47.36 
Granted - RSUs6,367 $67.13 
Granted - Restricted stock52 $100.29 
Vested - RSUs(2,848)$38.49 
Vested - Restricted stock(668)$19.96 
Forfeited(779)$64.83 
Unvested as of December 31, 20229,580 $61.64 
Vested and not yet released— $— 
Outstanding as of December 31, 20229,580 $61.14 
Granted - RSUs6,428 $62.24 
Vested - RSUs(3,689)$56.75 
Forfeited - RSUs(1,161)$65.87 
Unvested as of December 31, 2023*
10,894 $65.93 
Vested and not yet released*— $— 
Outstanding as of December 31, 2023*
10,894 $65.93 
Granted - RSUs and PSUs7,460 $89.17 
Vested - RSUs(4,226)$69.43 
Forfeited - RSUs(2,267)$65.56 
Unvested as of December 31, 2024*
11,861 $79.37 
Vested and not yet released*
18 $57.66 
Outstanding as of December 31, 2024*
11,879 $79.34 
*Restricted stock did not have a material impact on the Company’s consolidated financial statements for the fiscal years ended December 31, 2024 or 2023. Effective January 1, 2023, this table discloses RSU and PSU activity only.
Schedule of Fair Value Assumptions for Employee Stock Purchase Plan
The weighted-average assumptions used to determine the fair value of the ESPP during the periods presented were as follows:
Year ended December 31,
202420232022
Expected term (in years)0.50.50.5
Risk-free interest rate4.9 %5.2 %3.3 %
Expected volatility46.7 %68.9 %100.6 %
Dividend yield— — — 
Schedule of Stock-based Compensation Expense
The following table sets forth the total stock-based compensation expense included in the Company’s consolidated statements of operations:
Year Ended December 31,
202420232022
(in thousands)
Cost of revenue$10,911 $7,967 $6,251 
Sales and marketing91,464 73,682 50,317 
Research and development143,589 132,417 103,276 
General and administrative92,497 59,923 42,933 
Total stock-based compensation expense$338,461 $273,989 $202,777