XML 37 R19.htm IDEA: XBRL DOCUMENT
v3.25.3

Stockholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | Stock option activity during the nine months ended September 30, 2025, 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, 2024 | 10,390 |  | $ | 17.21 |  |  | 6.2 |  | $ | 122,472 |
Exercised | (1,836) |  | 4.42 |  |  |  |  |
Outstanding as of September 30, 2025 | 8,554 |  | $ | 19.96 |  |  | 6.7 |  | $ | 104,434 |
Exercisable as of September 30, 2025 | 6,415 |  | $ | 19.96 |  |  | 6.7 |  | $ | 78,326 |
(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 nine months ended September 30, 2025, 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, 2024 | 37,217 |  | $ | 29.33 |
Granted | 30,687 |  | 29.79 |
Released | (21,489) |  | 28.76 |
Forfeited | (4,741) |  | 28.70 |
Outstanding as of September 30, 2025 | 41,674 |  | $ | 30.04 |
Summary of Share-Based Payment Award, Stock Options, Valuation Assumptions | The weighted-average grant-date fair value of these RSUs was $49.99, which we estimated using a Monte Carlo simulation model with the following assumptions:
| Three Months Ended March 31, 2025 |  |  |  |
Expected term (in years) | 3.0 |  |  |  |
Risk-free interest rate | 4.3 | % |  |  |  |
Expected volatility | 57.3 | % |  |  |  |
Schedule of Share-Based Compensation Expense | Share-based compensation expense during the three and nine months ended September 30, 2025 and 2024, was as follows (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024 |  |
Cost of revenue | $ | 5,173 |  |  | $ | 3,943 |  |  | $ | 14,228 |  |  | $ | 10,668 |  |  |
Research and development | 152,907 |  |  | 138,610 |  |  | 418,328 |  |  | 369,446 |  |  |
Sales and marketing | 40,324 |  |  | 32,389 |  |  | 109,370 |  |  | 88,284 |  |  |
General and administrative | 36,732 |  |  | 33,034 |  |  | 107,870 |  |  | 98,484 |  |  |
Total share-based compensation | $ | 235,136 |  |  | $ | 207,976 |  |  | $ | 649,796 |  |  | $ | 566,882 |  |  |

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 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 of the changes in outstanding nonvested restricted stock units. + 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)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
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

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration