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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of RSU and RSA Activity | The following table summarizes the RSU and RSA activity for the three months ended March 31, 2025:
| Total RSUs and RSAs |  | Weighted- average grant date fair value
Unvested as of December 31, 2024 | 11,344,247 |  |  | $ | 37.67 |
Granted | 233,972 |  |  | $ | 180.92 |
Vested | (2,338,968) |  |  | $ | 42.30 |
Canceled/Forfeited | (239,105) |  |  | $ | 37.74 |
Unvested as of March 31, 2025 | 9,000,146 |  |  | $ | 40.19 |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the three months ended March 31, 2025:
| 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, 2024 | 14,687,538 |  |  | $ | 30.07 |  |  | 6.87 |  | $ | 1,958,924 |
Exercised | (1,831,762) |  |  | 5.56 |  |  |  |  |
Canceled/Forfeited | (264) |  |  | 7.92 |  |  |  |  |
Balance as of March 31, 2025 | 12,855,512 |  |  | $ | 33.56 |  |  | 7.16 |  | $ | 917,121 |
Vested as of March 31, 2025 | 6,143,484 |  |  | $ | 21.08 |  |  | 5.45 |  | $ | 514,928 |
Vested and expected to vest as of March 31, 2025 | 12,855,512 |  |  | $ | 33.56 |  |  | 7.16 |  | $ | 917,121 |
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 March 31,
| 2025 |  | 2024 |  |
Cost of revenue | $ | 217 |  |  | $ | 258 |  |  |
Research and development | 52,610 |  |  | 316,514 |  |  |
Sales and marketing | 10,138 |  |  | 60,790 |  |  |
General and administrative | 22,449 |  |  | 199,946 |  |  |
Stock-based compensation expense | $ | 85,414 |  |  | $ | 577,508 |  |  |

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