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STOCK-BASED AWARDS (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of stock option activity for the nine months ended September 30, 2024 was as follows:

			Outstanding Options
			Number of Options						Weighted Average Exercise Price						Weighted-Average Remaining Contractual Term						Intrinsic Value (in thousands)
Balance as of December 31, 2023			32,911,135						$	1.99					5.5						$	91,785
Options granted			232,177						3.99
Options exercised			(2,896,364)						1.12
Options canceled			(1,401,707)						6.83
Balance as of September 30, 2024			28,845,241						$	1.86					4.61						$	65,140
Options vested and exercisable as of September 30, 2024			26,103,849						$	1.33					4.47						$	64,972

Schedule of Restricted Stock Units Activity

A summary of RSUs activity for the nine months ended September 30, 2024 was as follows:

			Restricted Stock Units
			Time-Based Shares						Performance-Based Shares						Total Shares						Weighted-Average Grant-Date Fair Value
Balance as of December 31, 2023			54,699,739						9,305,825						64,005,564						$	10.90
Granted			88,542,220						13,772,614						102,314,834						2.88
Vested			(31,636,368)						(1,644,016)						(33,280,384)						8.34
Cancelled/Forfeited			(11,785,855)						(5,079,726)						(16,865,581)						7.02
Balance as of September 30, 2024			99,819,736						16,354,697						116,174,433						$	5.13

Schedule of Performance-Based RSUs

The fair value of these performance-based RSUs was measured on the grant date, March 27, 2021, using a Monte Carlo simulation model, with the following assumptions:

Weighted average volatility			60.0		%
Expected term (in years)			5.0
Risk-free interest rate			0.9		%
Expected dividends			—		%

Schedule of Stock-Based Compensation Expense

Total employee and nonemployee stock-based compensation expense for the three and nine months ended September 30, 2024 and 2023, was classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Cost of revenue			$	1,145					$	1,221					$	2,956					$	2,560
Research and development			53,663						35,963						124,722						101,356
Selling, general and administrative			33,286						31,053						82,605						90,959
Restructuring charges			—						—						(1,480)						(1,443)
Total			$	88,094					$	68,237					$	208,803					$	193,432

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Tabular disclosure of share-based payment arrangement.

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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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