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Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Common Stock Reserved for Future Issuance
The Company reserved the following common stock for future issuance:
June 30,
2026
December 31,
2025
Outstanding stock options, restricted stock units and performance stock units63,363,353 69,314,034 
Possible future issuance under stock plans190,267,448 124,357,791 
Conversion of convertible notes(1)
— 19,096,202 
Total common stock reserved for future issuance253,630,801 212,768,027 
____________________
(1)Represents the number of common stock issuable upon conversion of convertible note principal at the conversion rate in effect at the balance sheet date. As of December 31, 2025, we would have settled conversions by paying or delivering, at our election, cash, shares of our common stock or a combination of cash and shares of our common stock, based on the applicable conversion rate(s). As of June 30, 2026, following the April 15, 2026 election notice date, we will settle any conversions by a combination of cash up to the aggregate principal amount of the 2026 convertible notes, and shares of our common stock for any conversion consideration in excess of the principal amount of the 2026 convertible notes, based on the applicable conversion rate(s). Any shares of common stock issued are expected to be partially offset by the settlement of the 2026 capped calls, which the Company expects to settle in net shares. As of June 30, 2026, we did not anticipate any incremental spread, as our common stock price was below the conversion price for the 2026 convertible notes. See Note 9. Debt for additional information.
Schedule of Accumulated Other Comprehensive Income (Loss) The following table presents the rollforward of AOCI, inclusive of the changes in the components of other comprehensive income (loss):
AFS Debt SecuritiesForeign Currency Translation AdjustmentsTotal
Three Months Ended June 30, 2026
AOCI, beginning balance$(2,608)$(135)$(2,743)
Other comprehensive income (loss) before reclassifications(1)
(9,306)68 (9,238)
Amounts reclassified from AOCI into earnings— — — 
Net current-period other comprehensive income (loss)(2)
(9,306)68 (9,238)
AOCI, ending balance$(11,914)$(67)$(11,981)
Three Months Ended June 30, 2025
AOCI, beginning balance$2,103 $725 $2,828 
Other comprehensive income (loss) before reclassifications(1)
2,436 (563)1,873 
Amounts reclassified from AOCI into earnings(1,108)— (1,108)
Net current-period other comprehensive income (loss)(2)
1,328 (563)765 
AOCI, ending balance$3,431 $162 $3,593 
AFS Debt SecuritiesForeign Currency Translation AdjustmentsTotal
Six Months Ended June 30, 2026
AOCI, beginning balance$10,340 $639 $10,979 
Other comprehensive (loss) before reclassifications(16,519)(706)(17,225)
Amounts reclassified from AOCI into earnings(5,735)— (5,735)
Net current-period other comprehensive (loss)(1)(2)
(22,254)(706)(22,960)
AOCI, ending balance$(11,914)$(67)$(11,981)
Six Months Ended June 30, 2025
AOCI, beginning balance$(9,359)$994 $(8,365)
Other comprehensive income (loss) before reclassifications
13,898 (832)13,066 
Amounts reclassified from AOCI into earnings(1,108)— (1,108)
Net current-period other comprehensive income (loss)(1)(2)
12,790 (832)11,958 
AOCI, ending balance$3,431 $162 $3,593 
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(1)Gross realized gains and losses from sales of our investments in AFS debt securities that were reclassified from AOCI to earnings are recorded within noninterest income—other in the condensed consolidated statements of operations and comprehensive income. There were no reclassifications related to foreign currency translation adjustments during any of the periods presented.
(2)There were no material tax impacts during any of the periods presented.