XML 52 R32.htm IDEA: XBRL DOCUMENT
v3.25.2

Stock-Based Compensation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
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, 2025:
| Total RSUs and RSAs |  | Weighted- average grant date fair value
Unvested as of December 31, 2024 | 11,344,247 |  |  | $ | 37.67 |
Granted | 1,149,225 |  |  | $ | 115.73 |
Vested | (4,325,212) |  |  | $ | 44.54 |
Canceled/Forfeited | (436,148) |  |  | $ | 41.48 |
Unvested as of June 30, 2025 | 7,732,112 |  |  | $ | 45.22 |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the six months ended June 30, 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 | (2,819,924) |  |  | 5.14 |  |  |  |  |
Canceled/Forfeited | (2,131) |  |  | 34.34 |  |  |  |  |
Balance as of June 30, 2025 | 11,865,483 |  |  | $ | 35.99 |  |  | 7.36 |  | $ | 1,359,543 |
Vested as of June 30, 2025 | 5,617,433 |  |  | $ | 25.90 |  |  | 6.12 |  | $ | 700,300 |
Vested and expected to vest as of June 30, 2025 | 11,865,483 |  |  | $ | 35.99 |  |  | 7.36 |  | $ | 1,359,543 |
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,
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Cost of revenue | $ | 204 |  |  | $ | 61 |  |  | $ | 421 |  |  | $ | 319 |  |  |
Research and development | 56,663 |  |  | 29,944 |  |  | 109,273 |  |  | 346,458 |  |  |
Sales and marketing | 10,198 |  |  | 6,875 |  |  | 20,336 |  |  | 67,665 |  |  |
General and administrative | 22,005 |  |  | 27,386 |  |  | 44,454 |  |  | 227,332 |  |  |
Stock-based compensation expense | $ | 89,070 |  |  | $ | 64,266 |  |  | $ | 174,484 |  |  | $ | 641,774 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration