XML 44 R35.htm IDEA: XBRL DOCUMENT v3.26.1
Shareholders' Equity and Equity Incentive Plans (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Summary of Stock Option Activity

A summary of share option activity under the Company’s equity incentive plans and related information is as follows:

 

 

Options Outstanding

 

 

 

Outstanding
Share Options

 

 

Weighted-Average Exercise
Price

 

 

Weighted-Average Remaining
Contractual
Life (Years)

 

 

Aggregate
Intrinsic
Value

 

 

 

(in thousands, except share, life and per share data)

 

Outstanding as of December 31, 2025

 

 

1,428,546

 

 

$

10.59

 

 

 

3.3

 

 

$

74,162

 

Exercised

 

 

(53,385

)

 

$

10.37

 

 

 

 

 

$

1,990

 

Outstanding and exercisable as of March 31, 2026

 

 

1,375,161

 

 

$

10.60

 

 

 

2.9

 

 

$

50,335

 

Summary of Restricted Ordinary Shares

A summary of restricted share units (“RSU”) activity under the Company’s equity incentive plan and related information is as follows:

 

 

RSUs

 

 

 

Unvested RSUs

 

 

Weighted-Average
Grant Date Fair
Value Per Share

 

Unvested as of December 31, 2025

 

 

9,838,786

 

 

$

34.76

 

Granted

 

 

890,958

 

 

$

53.20

 

Vested

 

 

(1,249,585

)

 

$

30.90

 

Forfeited

 

 

(314,875

)

 

$

37.15

 

Unvested as of March 31, 2026

 

 

9,165,284

 

 

$

36.99

 

Summary of Ordinary Shares Reserved for Future Issuance

The Company has the following ordinary shares reserved for future issuance:

 

 

March 31, 2026

 

Outstanding share options

 

 

1,375,161

 

Outstanding RSUs

 

 

9,165,284

 

Issuable ordinary shares related to business combination

 

 

502,906

 

Shares available for future issuance under the 2020 Plan

 

 

24,491,490

 

Shares available for future issuance under ESPP

 

 

6,605,218

 

Total ordinary shares reserved

 

 

42,140,059

 

 

Summary of Stock-Based Compensation Expense

The share-based compensation expense by line item in the accompanying Condensed Consolidated Statements of Operations is summarized as follows:

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

4,093

 

 

$

4,201

 

Research and development

 

 

14,210

 

 

 

13,977

 

Sales and marketing

 

 

12,809

 

 

 

12,730

 

General and administrative

 

 

8,515

 

 

 

5,937

 

Total share-based compensation expense

 

$

39,627

 

 

$

36,845