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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment
Property and equipment is stated at cost net of accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of assets as follows:
Asset TypeDepreciation Period
Computer equipment3 years
Furniture and fixtures7 years
Office equipment
3 to 5 years
Leasehold improvementsShorter of remaining life of lease or asset life
Property and equipment, net consists of the following (in thousands):
December 31,
20242023
Computer equipment$2,796 $4,438 
Furniture and fixtures5,292 5,521 
Office equipment3,729 3,761 
Leasehold improvements28,787 24,208 
Construction in process357 5,499 
Gross property and equipment40,961 43,427 
Less: Accumulated depreciation(16,478)(15,065)
Total property and equipment, net$24,483 $28,362 
Schedule of Computation of Basic and Diluted Net Income (Loss) Per Common Share The following table sets forth the computation of basic and diluted net income (loss) per common share (in thousands):
 Year Ended December 31,
 202420232022
Basic net income (loss) per share:
Numerator
Net income (loss)$204,068 $2,702 $(68,119)
Less: undistributed earnings to participating securities12 — — 
Net income (loss) attributable to common stockholders
$204,056 $2,702 $(68,119)
Denominator
Weighted average common shares outstanding36,254 35,636 35,015 
Less: Weighted average unvested restricted shares subject to repurchase
Weighted average common shares outstanding; basic36,252 35,629 35,010 
Net income (loss) per common share; basic$5.63 $0.08 $(1.95)
Diluted net income (loss) per share:
Numerator
Net income (loss) attributable to common stockholders$204,056 $2,702 $(68,119)
Denominator
Weighted average common shares outstanding; basic36,252 35,629 35,010 
Add: Weighted average dilutive options outstanding58 333 — 
Add: Weighted average dilutive RSUs outstanding472 455 — 
Weighted average common shares outstanding; diluted36,782 36,417 35,010 
Net income (loss) per common share; diluted$5.55 $0.07 $(1.95)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Potentially dilutive securities that are not included in the calculation of diluted net income (loss) per share because doing so would be antidilutive are as follows (in thousands):
 Year Ended December 31,
 202420232022
Unvested Restricted Stock Awards— 
Options— 120 516 
Restricted Stock Units20 1,162 
Total potentially dilutive securities146 1,684