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Stockholders Equity (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Schedule of Share-based Payment Arrangement, Option, Activity

The following table summarizes the option award activity for the years ended December 31, 2022 and 2021 (in thousands, except share price, fair value and term):

			Number of Options																		Weighted-Average Exercise Price						Weighted-Average Grant Date Fair Value						Weighted-Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value (in thousands)
			Total						Service-based						Performance-based
Outstanding at December 31, 2020			23,710						16,463						7,247						$	14.85											7.84						$	83,364
Granted			5,668						3,749						1,919						$	22.20					$	8.20
Exercised			(1,276)						(1,024)						(252)						$	11.83																	$	13,742
Forfeited or expired			(2,218)						(1,420)						(798)						$	15.74
Outstanding at December 31, 2021			25,884						17,768						8,116						$	16.53											7.36						$	529,265
Exercised			(1,665)						(1,329)						(336)						$	12.19																	$	12,718
Forfeited or expired			(1,399)						(935)						(464)						$	17.01
Outstanding at December 31, 2022			22,820						15,504						7,316						$	16.83											6.34						$	51,157

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes RSU and PSU activity and related information during the year ended December 31, 2022 under the 2021 Plan (in thousands, except share price):

			Number of Shares						Weighted-Average Grant Date Fair Value
Unvested and outstanding as of December 31, 2020						—									$	—
Granted			7,635						33.02
Vested			—						—
Forfeited			(65)						32.98
Unvested and outstanding as of December 31, 2021			7,570						$	33.02
Granted			12,795						18.89
Vested			(1,998)						31.43
Forfeited			(1,021)						30.02
Unvested and outstanding as of December 31, 2022			17,346						$	22.95

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair values of the Service-based option awards granted during the years ended December 31, 2021 and 2020 were estimated using the following assumptions using the Black-Scholes pricing model:

			2021						2020
Service-based Option Awards:
Expected term (in years)			3.4						2.9
Expected volatility			39.4		%				36.4		%
Risk-free interest rate			0.4		%				0.3		%
Expected dividend rate			—		%				—		%

The following table summarizes the weighted-average assumptions used in estimating the fair value of our Performance-based options using the Monte Carlo pricing model:

			2021						2020
Performance-based Option Awards:
Expected term (in years)			1.9 - 2.7						3.4 - 3.9
Expected volatility			40.0% - 45.0%						45%
Risk-free interest rate			1.2% - 1.5%						0.6% - 0.7%
Expected dividend rate			—%						—%

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following table summarizes the weighted-average assumptions used in estimating the fair value of the ESPP for the offering periods during the years ended December 31, 2022 and 2021 using the Black-Scholes pricing model:

			Year ended December 31,
			2022						2021
ESPP:
Expected term (in years)			0.5 - 1.0						0.3 - 0.9
Expected volatility			34.8% - 45.2%						27.6% - 32.6%
Risk-free interest rate			0.6% - 3.5%						0.1%
Expected dividend rate			—%						—%
Fair value of common stock			$20.05 - $21.55						$29.00

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

The stock-based compensation (excluding deferred compensation) for the periods indicated below are as follows (in thousands):

			Year Ended December 31,
			2022						2021						2020
Cost of revenues			$	20,763					$	5,528					$	916
Research and development			40,045						11,114						2,531
Sales and marketing			39,175						12,889						3,035
General and administrative			35,879						15,486						5,562
Total stock-based compensation			$	135,862					$	45,017					$	12,044

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

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