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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | The following table summarizes the stock option activity during the three months ended March 31, 2025:
| Number of Shares |  | Weighted- Average Exercise Price
Outstanding at December 31, 2024 | 3,152,158 |  | $ | 12.29 |
Exercised | (149,650) |  | 15.72 |
Outstanding at March 31, 2025 | 3,002,508 |  | 12.12 |
Exercisable at March 31, 2025 | 3,002,508 |  | $ | 12.12 |
Summary of Activity in Connection with RSUs | The following table summarizes the RSU activity during the three months ended March 31, 2025:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding at December 31, 2024 | 7,071,443 |  | $ | 65.85 |
Granted | 2,648,939 |  | 68.31 |
Vested | (874,963) |  | 62.58 |
Canceled/Forfeited | (426,443) |  | 65.67 |
Outstanding at March 31, 2025 | 8,418,976 |  | $ | 66.97 |
Summary of Activity in Connection with PSUs | The following table summarizes the PSU activity during the three months ended March 31, 2025:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
Outstanding at December 31, 2024 | 155,791 |  | $ | 67.63 |
Granted (1) | 93,438 |  | 66.80 |
Vested | (8,016) |  | 76.64 |
Canceled/Forfeited | (86,406) |  | 64.68 |
Outstanding at March 31, 2025 | 154,807 |  | $ | 68.31 |
(1) This represents awards granted at 100% attainment of the performance conditions.
Summary of Total Stock-based Compensation Cost from Stock Options, RSUs, ESPP, RSAs, and Sales of Stock | The Company recorded total stock-based compensation cost from stock options, RSUs, PSUs, RSAs, and the ESPP as follows (in thousands):
| Three Months Ended March 31,
| 2025 |  | 2024
Cost of revenue | $ | 2,752 |  |  | $ | 1,810 |
Sales and marketing | 14,834 |  |  | 12,915 |
Research and development | 18,372 |  |  | 13,726 |
General and administrative | 12,321 |  |  | 11,681 |
Total stock-based compensation expense | $ | 48,279 |  |  | $ | 40,132 |
Stock-based compensation capitalized for software development and cloud-computing arrangement implementation costs | 4,123 |  |  | 2,458 |
Total stock-based compensation cost | $ | 52,402 |  |  | $ | 42,590 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 + Details
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