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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Option Activity

Option activity for the year ended December 31, 2025 is as follows (in thousands, except per share data):

			Number of Options						Weighted Average Exercise Price (Per Share)						Weighted Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value
Outstanding at January 1, 2025			25,164,415						$	0.29					1.21						$	1,030,511
Exercised			(22,938,436)						0.10
Forfeited and expired			—						—
Outstanding at December 31, 2025			2,225,979						$	2.27					3.25						$	67,215
Exercisable at December 31, 2025			2,225,979						$	2.27					3.39						$	67,215

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity for the year ended December 31, 2025 is as follows:

			Number of Units						Weighted Average Grant Date Fair Value
Unvested and outstanding at January 1, 2025			17,421,450						$	28.33
Granted			8,059,711						32.82
Vested			(7,162,263)						28.39
Forfeited			(3,768,443)						29.20
Unvested and outstanding at December 31, 2025			14,550,455						$	30.56

Schedule of Employee Stock Purchase Plan, Valuation Assumptions

The fair value of employee options granted under the ESPP is based on a 15% purchase discount off the grant date quoted trading price of the Company’s Series A common stock and is estimated using the Black-Scholes option-pricing model with the following assumptions:

			Year Ended December 31,
			2025			2024
Risk-free rate			3.96% 5.33%			4.79% - 5.33%
Expected term			0.5 - 1.0 years			0.5 - 1.0 years
Volatility			45.90% - 60.32%			45.90% - 64.12%
Expected dividends			—			—

Schedule of Stock-Based Compensation Expense

Stock-based compensation included in the Consolidated Statements of Operations and Comprehensive Loss is as follows (in thousands):

			Year Ended December 31,
			2025						2024						2023
Cost of revenue			$	7,891					$	8,917					$	24,973
Selling and marketing			49,725						40,907						107,954
Research and development			68,178						50,693						120,184
General and administrative			36,237						34,695						87,688
Stock-based compensation, net of amounts capitalized			162,031						135,212						340,799
Capitalized stock-based compensation expense			4,416						3,555						1,349
Total stock-based compensation expense			$	166,447					$	138,767					$	342,148

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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 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.

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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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