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Stockholders’ Equity (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Shares and Warrants Reserved for Issuance | Shares of common stock reserved for issuance, on an as-converted basis, are as follows:
|  | December 31, 2024 |  | June 30, 2025
Options issued and outstanding |  | 10,709,898 |  |  | 9,839,891 |
Restricted stock units outstanding |  | 3,703,631 |  |  | 3,152,602 |
Shares available for future issuance under 2020 plan |  | 7,669,374 |  |  | 11,290,010 |
Shares available for issuance under employee stock purchase plan |  | 3,425,952 |  |  | 4,209,172 |
Total |  | 25,508,855 |  |  | 28,491,675 |
Schedule of Stock Option Activity | The following table summarizes stock option activity for the six months ended June 30, 2025:
|  |  | Number of Options |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life (years) |  | Aggregate Intrinsic Value
Balances at December 31, 2024 |  |  | 10,709,898 |  |  | $ | 18.35 |  |  | 5.9 |  | $ | 495,359 |
Options granted |  |  | 772,255 |  |  | 66.31 |  |  |  |  |
Options exercised |  |  | (944,442) |  |  | 10.45 |  |  |  |  |
Options cancelled and forfeited |  |  | (697,820) |  |  | 25.63 |  |  |  |  |
Balances at June 30, 2025 |  |  | 9,839,891 |  |  | 22.36 |  |  | 5.7 |  | 447,475 |
Options exercisable – June 30, 2025 |  |  | 7,216,142 |  |  | 17.98 |  |  | 4.7 |  | 364,781 |
Options vested and expected to vest – June 30, 2025 |  |  | 9,821,829 |  |  | $ | 22.30 |  |  | 5.7 |  | $ | 447,179 |
Schedule of Restricted Stock Units and Restricted Stock | The following table summarizes RSU activity for the six months ended June 30, 2025:
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value Per Share
Unvested at December 31, 2024 |  | 3,703,631 |  | $ | 33.46 |
RSUs granted |  | 1,511,248 |  | 64.17 |
RSUs vested |  | (1,526,427) |  | 37.96 |
RSUs cancelled and forfeited |  | (535,850) |  | 32.75 |
Unvested at June 30, 2025 |  | 3,152,602 |  | $ | 46.12 |
Schedule of Stock Options Fair Value Assumptions | The following assumptions were used to estimate the fair value of options granted:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025 |  |
Expected term (in years) |  | * |  | 5.3 |  |  |  | 5.3 – 7.0 |  | 5.2 – 7.0 |  |
Expected volatility |  | * |  | 53.68% - 53.71% |  |  |  | 50.32% – 53.38% |  | 50.66% – 53.71% |  |
Risk-free interest rate |  | * |  | 3.72% |  |  |  | 4.21% – 4.27% |  | 3.72% – 4.09% |  |
Dividend yield |  | * |  | —% |  | —% | —% |  |
_________ * No options were granted during the three months ended June 30, 2024.
Schedule of Employee Stock Purchase Plan Fair Value Assumptions | The following assumptions were used to estimate the fair value of ESPP purchase rights:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025 |
Expected term (in years) |  | * |  | * |  |  |  | 0.5 | 0.5
Expected volatility |  | * |  | * |  |  |  | 96.69% | 99.09%
Risk-free interest rate |  | * |  | * |  |  |  | 5.30% | 4.34%
Dividend yield |  | * |  | * |  |  |  | —% | —%
_________ * No ESPP purchase rights were granted during the three months ended June 30, 2024 and 2025.
Schedule of Stock-based Compensation Expense | The Company recorded stock-based compensation in the following expense categories in its condensed consolidated statements of operations and comprehensive income (loss) for employees and non-employees:
|  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30,
|  | 2024 |  | 2025 |  |  |  | 2024 |  | 2025
Sales and marketing |  | $ | 3,078 |  |  | $ | 3,606 |  |  |  |  | $ | 6,056 |  |  | $ | 6,309 |
Customer operations |  | 2,120 |  |  | 2,025 |  |  |  |  | 4,083 |  |  | 3,671 |
Engineering and product development |  | 17,917 |  |  | 17,698 |  |  |  |  | 37,127 |  |  | 32,250 |
General, administrative, and other |  | 11,094 |  |  | 12,182 |  |  |  |  | 22,720 |  |  | 23,112 |
Total |  | $ | 34,209 |  |  | $ | 35,511 |  |  |  |  | $ | 69,986 |  |  | $ | 65,342 |

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