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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2026
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, 2026:
| Total RSUs and RSAs |  | Weighted- average grant date fair value
Unvested as of December 31, 2025 | 4,460,851 |  |  | $ | 58.71 |
Granted | 2,798,394 |  |  | $ | 149.70 |
Vested | (2,323,949) |  |  | $ | 73.54 |
Canceled/Forfeited | (199,779) |  |  | $ | 93.48 |
Unvested as of June 30, 2026 | 4,735,517 |  |  | $ | 103.73 |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the six months ended June 30, 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 | (859,563) |  |  | 11.57 |  |  |  |  |
Balance as of June 30, 2026 | 9,992,568 |  |  | $ | 40.68 |  |  | 6.91 |  | $ | 1,327,993 |
Vested as of June 30, 2026 | 5,540,026 |  |  | $ | 37.09 |  |  | 6.44 |  | $ | 756,131 |
Vested and expected to vest as of June 30, 2026 | 9,992,568 |  |  | $ | 40.68 |  |  | 6.91 |  | $ | 1,327,993 |
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,
| 2026 |  | 2025 |  | 2026 |  | 2025 |  |
| (in thousands) |  |
Cost of revenue | $ | 253 |  |  | $ | 204 |  |  | $ | 398 |  |  | $ | 421 |  |  |
Research and development | $ | 65,857 |  |  | 56,663 |  |  | 108,267 |  |  | 109,273 |  |  |
Sales and marketing | $ | 12,079 |  |  | 10,198 |  |  | 17,902 |  |  | 20,336 |  |  |
General and administrative | $ | 22,763 |  |  | 22,005 |  |  | 42,721 |  |  | 44,454 |  |  |
Stock-based compensation expense | $ | 100,952 |  |  | $ | 89,070 |  |  | $ | 169,288 |  |  | $ | 174,484 |  |  |

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