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Stockholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Stock-based Compensation Expense | Stock-based compensation related to our stock-based awards and employee stock purchase plan for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Cost of net revenues |  | $ | 1,636 |  |  | $ | 2,582 |  |  | $ | 3,174 |  |  | $ | 4,646 |
Selling, general and administrative |  | 33,485 |  |  | 34,274 |  |  | 64,351 |  |  | 62,768 |
Research and development |  | 13,087 |  |  | 10,172 |  |  | 25,680 |  |  | 18,402 |
Total stock-based compensation |  | $ | 48,208 |  |  | $ | 47,028 |  |  | $ | 93,205 |  |  | $ | 85,816 |
Summary Of Restricted Stock Units | A summary for the six months ended June 30, 2025 is as follows:
| Number of Shares Underlying RSUs (in thousands) |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (in thousands)
Unvested as of December 31, 2024 | 1,019 |  |  | $ | 331.10 |  |  |  |  |
Granted | 670 |  |  | 197.17 |  |  |  |  |
Vested and released | (301) |  |  | 358.16 |  |  |  |  |
Forfeited | (60) |  |  | 292.10 |  |  |  |  |
Unvested as of June 30, 2025 | 1,328 |  |  | $ | 259.13 |  |  | 1.7 |  | $ | 251,343 |
Summary of MSU Performance Activity | The following table summarizes the MSU performance activity for the six months ended June 30, 2025:
| Number of Shares Underlying MSUs (in thousands) |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (in thousands)
Unvested as of December 31, 2024 | 193 |  |  | $ | 679.14 |  |  |  |  |
Granted | 127 |  |  | 362.98 |  |  |  |  |
Vested and released 1 | (26) |  |  | 915.22 |  |  |  |  |
Forfeited | (10) |  |  | 915.22 |  |  |  |  |
Unvested as of June 30, 2025 | 284 |  |  | $ | 506.66 |  |  | 1.8 |  | $ | 53,699 |
1 Includes MSUs vested during the period below 100% of the original grant as actual shares released is based on our stock performance relative to a market index over the vesting period.
Summary of PSU Performance Activity | The following table summarizes the PSU performance activity for the six months ended June 30, 2025:
| Number of Shares Underlying PSUs (in thousands) |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (in thousands)
Unvested as of December 31, 2024 | 11 |  |  | $ | 204.33 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Vested and released | (5) |  |  | 201.63 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Unvested as of June 30, 2025 | 6 |  |  | $ | 206.36 |  |  | 1.5 |  | $ | 1,193 |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions | The fair value of the option component of the 2010 Purchase Plan shares was estimated at the grant date using the Black-Scholes option pricing model with the following weighted average assumptions:
|  |  |  | Six Months Ended June 30,
|  |  |  |  |  | 2025 |  | 2024
Expected term (in years) |  |  |  |  |  | 1.1 |  | 0.9
Expected volatility |  |  |  |  |  | 40.9 | % |  | 56.0 | %
Risk-free interest rate |  |  |  |  |  | 4.2 | % |  | 4.8 | %
Expected dividends |  |  |  |  |  | — |  |  | — |
Weighted average fair value at grant date |  |  |  |  |  | $ | 70.62 |  |  | $ | 100.10 |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (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://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 50 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718-50/tableOfContent Reference 2: 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
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