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Shareholders' Equity and Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 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

 

 

(510,075

)

 

$

9.41

 

 

 

 

 

$

30,664

 

Outstanding and exercisable as of June 30, 2026

 

 

918,471

 

 

$

11.26

 

 

 

3.0

 

 

$

73,133

 

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

 

 

1,377,466

 

 

$

57.61

 

Vested

 

 

(2,728,703

)

 

$

32.74

 

Forfeited

 

 

(476,077

)

 

$

36.74

 

Unvested as of June 30, 2026

 

 

8,011,472

 

 

$

39.25

 

Summary of Ordinary Shares Reserved for Future Issuance

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

 

 

June 30, 2026

 

Outstanding share options

 

 

918,471

 

Outstanding RSUs

 

 

8,011,472

 

Issuable ordinary shares related to business combination

 

 

502,906

 

Shares available for future issuance under the 2020 Plan

 

 

24,166,184

 

Shares available for future issuance under ESPP

 

 

6,605,218

 

Total ordinary shares reserved

 

 

40,204,251

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(in thousands)

 

Cost of revenue: subscription–self-managed and SaaS

 

$

4,076

 

 

$

4,209

 

 

$

8,169

 

 

$

8,410

 

Research and development

 

 

13,981

 

 

 

14,186

 

 

 

28,191

 

 

 

28,163

 

Sales and marketing

 

 

12,518

 

 

 

13,357

 

 

 

25,327

 

 

 

26,087

 

General and administrative

 

 

9,002

 

 

 

6,257

 

 

 

17,517

 

 

 

12,194

 

Total share-based compensation expense

 

$

39,577

 

 

$

38,009

 

 

$

79,204

 

 

$

74,854