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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

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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 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.

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