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Stock-Based Compensation (Tables)
6 Months Ended
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
RSAsMarket and Performance-
based
RSUs
Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 202325,406,057 87,030 1,393,446 26,886,533 $29.17 
Granted2,112,686 — — 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, 202413,213,355 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, 202329,795,909 $17.83 6.00$500,472 
Exercised
(4,208,017)5.92 
Canceled/Forfeited
(89,996)8.62 
Balance as of June 30, 202425,497,896 $19.83 5.82$1,162,142 
Vested as of June 30, 202417,223,892 $8.14 4.11$964,094 
Vested and expected to vest as of June 30, 202425,497,896 $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,
2024202320242023
(in thousands)
Cost of revenue$61 $25 $319 $63 
Research and development29,944 5,690 346,458 13,250 
Sales and marketing6,875 1,389 67,665 3,086 
General and administrative27,386 2,999 227,332 6,184 
Stock-based compensation expense
$64,266 $10,103 $641,774 $22,583