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Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

Stock option activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts):

						Stock Options Outstanding
						Shares						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term						Aggregate Intrinsic Value (1)
																		(in years)
Outstanding as of December 31, 2023						13,043						$	15.41					6.1						$	282,197
Exercised						(1,383)						12.15
Outstanding as of March 31, 2024						11,660						$	15.79					6.2						$	220,120
Exercisable as of March 31, 2024						6,314						$	12.26					4.5						$	141,485

(1)We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date.

Schedule of Restricted Stock Unit Activity

RSU and RSA activity during the three months ended March 31, 2024, was as follows (in thousands, except per share amounts):

						Restricted Stock Units and Restricted Stock Awards Outstanding
						Shares						Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023						45,099						$	25.83
Granted						1,733						37.10
Released						(6,300)						26.44
Forfeited						(1,531)						25.71
Outstanding as of March 31, 2024						39,001						$	26.23

Schedule of Share-Based Compensation Expense

Share-based compensation expense during the three months ended March 31, 2024 and 2023, was as follows (in thousands):

						Three Months Ended March 31,
						2024						2023
Cost of revenue						$	2,948					$	2,309
Research and development						102,355						94,265
Sales and marketing						24,989						19,189
General and administrative						32,181						27,359
Total share-based compensation						$	162,473					$	143,122

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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.

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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