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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of RSU and RSA Activity | The following table summarizes the RSU and RSA activity for the six months ended June 30, 2024:
| Service- based RSUs |  | RSAs |  |  |  | Market and Performance- based RSUs |  | Total RSUs and RSAs |  | Weighted- average grant date fair value
Unvested as of December 31, 2023 | 25,406,057 |  |  | 87,030 |  |  |  |  | 1,393,446 |  |  | 26,886,533 |  |  | $ | 29.17 |
Granted | 2,112,686 |  |  | — |  |  |  |  | — |  |  | 2,112,686 |  |  | $ | 37.05 |
Vested | (13,336,055) |  |  | (29,012) |  |  |  |  | (678,632) |  |  | (14,043,699) |  |  | $ | 29.91 |
Canceled/Forfeited | (969,333) |  |  | — |  |  |  |  | (30,789) |  |  | (1,000,122) |  |  | $ | 28.97 |
Unvested as of June 30, 2024 | 13,213,355 |  |  | 58,018 |  |  |  |  | 684,025 |  |  | 13,955,398 |  |  | $ | 29.64 |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the six months ended June 30, 2024:
| Outstanding stock options |  | Weighted- average exercise price |  | Weighted- average remaining contractual life (years) |  | Aggregate intrinsic value
| (in thousands, except share, per share, and year data)
Balance as of December 31, 2023 | 29,795,909 |  |  | $ | 17.83 |  |  | 6.00 |  | $ | 500,472 |
Exercised | (4,208,017) |  |  | 5.92 |  |  |  |  |
Canceled/Forfeited | (89,996) |  |  | 8.62 |  |  |  |  |
Balance as of June 30, 2024 | 25,497,896 |  |  | $ | 19.83 |  |  | 5.82 |  | $ | 1,162,142 |
Vested as of June 30, 2024 | 17,223,892 |  |  | $ | 8.14 |  |  | 4.11 |  | $ | 964,094 |
Vested and expected to vest as of June 30, 2024 | 25,497,896 |  |  | $ | 19.83 |  |  | 5.82 |  | $ | 1,162,142 |
Summary of Components of Stock-Based Compensation Expense | The following table summarizes the components of stock-based compensation expense recognized in the consolidated statements of operations for all periods presented:
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
| (in thousands)
Cost of revenue | $ | 61 |  |  | $ | 25 |  |  | $ | 319 |  |  | $ | 63 |
Research and development | 29,944 |  |  | 5,690 |  |  | 346,458 |  |  | 13,250 |
Sales and marketing | 6,875 |  |  | 1,389 |  |  | 67,665 |  |  | 3,086 |
General and administrative | 27,386 |  |  | 2,999 |  |  | 227,332 |  |  | 6,184 |
Stock-based compensation expense | $ | 64,266 |  |  | $ | 10,103 |  |  | $ | 641,774 |  |  | $ | 22,583 |

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