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Stock-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2026
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, 2026:
| Total RSUs and RSAs |  | Weighted- average grant date fair value
Unvested as of December 31, 2025 | 4,460,851 |  |  | $ | 58.71 |
Granted | 533,879 |  |  | $ | 148.03 |
Vested | (1,236,513) |  |  | $ | 69.37 |
Canceled/Forfeited | (109,065) |  |  | $ | 71.07 |
Unvested as of March 31, 2026 | 3,649,152 |  |  | $ | 67.79 |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the three months ended March 31, 2026:
| 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, 2025 | 10,852,131 |  |  | $ | 38.38 |  |  | 7.14 |  | $ | 2,078,120 |
Exercised | (441,193) |  |  | 11.12 |  |  |  |  |
Balance as of March 31, 2026 | 10,410,938 |  |  | $ | 39.53 |  |  | 7.02 |  | $ | 990,280 |
Vested as of March 31, 2026 | 5,513,146 |  |  | $ | 34.54 |  |  | 6.38 |  | $ | 551,903 |
Vested and expected to vest as of March 31, 2026 | 10,410,938 |  |  | $ | 39.53 |  |  | 7.02 |  | $ | 990,280 |
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, |
| 2026 |  | 2025 |  |
| (in thousands) |  |
Cost of revenue | $ | 145 |  |  | $ | 217 |  |  |
Research and development | 42,410 |  |  | 52,610 |  |  |
Sales and marketing | 5,823 |  |  | 10,138 |  |  |
General and administrative | 19,958 |  |  | 22,449 |  |  |
Stock-based compensation expense | $ | 68,336 |  |  | $ | 85,414 |  |  |

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