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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Share-Based Compensation Expense
The following table summarized share-based compensation expense included in our condensed consolidated statements of income related to share-based awards (in thousands):
Three Months Ended
March 31,
 20252024
Research and development$3,229 $3,345 
Selling, general and administrative7,444 6,529 
Total share-based compensation expense$10,673 $9,874 
Schedule of Share-Based Compensation Expense by Type
Share-based compensation expense by type of share-based award was as follows (in thousands):
Three Months Ended
March 31,
 20252024
Stock options$3,809 $4,299 
RSUs, PSUs and ESPP6,864 5,575 
Total share-based compensation expense$10,673 $9,874 
Schedule of Valuation Assumptions The assumptions used in the Black-Scholes Model were as follows:
Three Months Ended March 31,
 20252024
Expected volatility
39.68% - 39.68%
40.02 - 40.08%
Average expected term (in years)4.85.0
Risk-free interest rate
4.34% - 4.34%
3.80 - 4.28%
Expected dividend yield— — 
Schedule of Unrecognized Estimated Compensation Cost by Type
Total unrecognized estimated compensation cost by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized was as follows (in thousands, unless otherwise noted):
March 31, 2025
 Unrecognized
Expense
Remaining
Weighted-Average
Recognition Period
(in years)
Stock options$31,331 2.33
RSUs63,234 2.88
PSUs17,391 2.13
ESPP134 0.17