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Stockholders' Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Stock Options Activity | The following table summarizes the stock option activity under the Company’s equity incentive plans (in thousands, except per share data):
|  |  |  |  |  | Weighted- |  |
|  |  |  |  |  | Average |  |
|  |  |  | Weighted- |  | Remaining |  |
|  |  |  | Average |  | Contractual |  | Aggregate
|  | Number of |  | Exercise Price |  | Life |  | Intrinsic
|  | Shares |  | Per Share |  | (in years) |  | Value (1)
Outstanding as of December 31, 2023 |  | 10,323 |  |  | $ | 34.37 |  |  |  |  |
Granted |  | 2,968 |  |  | 34.03 |  |  |  |  |
Exercised |  | (290) |  |  | 9.59 |  |  |  |  |
Canceled |  | (818) |  |  | 51.88 |  |  |  |  |
Outstanding as of December 31, 2024 |  | 12,183 |  |  | $ | 33.70 |  |  | 7.0 |  | $ | 94,885 |
Vested and expected to vest as of December 31, 2024 |  | 11,874 |  |  | $ | 33.58 |  |  | 6.9 |  | $ | 94,571 |
Options exercisable as of December 31, 2024 |  | 7,120 |  |  | $ | 28.61 |  |  | 5.8 |  | $ | 91,658 |
(1) Amounts represent the difference between the exercise price and the fair market value of common stock at December 31, 2024 of $34.87 per share for all “in-the-money” options outstanding.
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | The following table summarizes stock-based compensation expense (in thousands):
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Cost of revenue |  | $ | 2,933 |  |  | $ | 2,913 |  |  | $ | 2,700 |
Sales and marketing |  | 20,810 |  |  | 16,893 |  |  | 12,001 |
Research and development |  | 19,083 |  |  | 17,000 |  |  | 12,165 |
General and administrative |  | 27,935 |  |  | 25,965 |  |  | 17,960 |
|  | $ | 70,761 |  |  | $ | 62,771 |  |  | $ | 44,826 |
Income tax benefits recognized |  | $ | 6,964 |  |  | $ | 10,993 |  |  | $ | 11,501 |
Schedule of Grant Date Fair Values | The following table summarizes the weighted-average grant date fair values of the Company’s stock-based awards granted in the periods indicated:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Stock options |  | $ | 17.21 |  |  | $ | 23.02 |  |  | $ | 31.86 |
ESPP |  | $ | 10.53 |  |  | $ | 17.96 |  |  | $ | 18.51 |
NQ ESPP |  | $ | 33.66 |  |  | $ | 42.51 |  |  | $ | 52.91 |
Schedule of Valuation Assumptions, Stock Options | The following table summarizes the weighted-average assumptions used in estimating the grant-date fair value of stock options and of each employee’s purchase right under the ESPP in the periods indicated:
|  | Years Ended December 31,
Stock Options |  | 2024 |  | 2023 |  | 2022
Expected volatility |  | 51 | % |  | 52 | % |  | 58 | %
Expected life (years) |  | 6.0 |  | 6.1 |  | 6.1
Risk-free interest rate |  | 4.27 | % |  | 4.02 | % |  | 3.15 | %
Schedule of Valuation Assumptions, ESPP |
|  | Years Ended December 31,
ESPP |  | 2024 |  | 2023 |  | 2022
Expected volatility |  | 48 | % |  | 47 | % |  | 62 | %
Expected life (years) |  | 0.5 |  | 0.5 |  | 0.5
Risk-free interest rate |  | 5.15 | % |  | 5.31 | % |  | 2.16 | %
Schedule of Unrecognized Compensation Cost | As of December 31, 2024, unrecognized stock-based compensation expense by award type, net of estimated forfeitures, and their expected weighted-average recognition periods are summarized in the following table (in thousands).
|  | Stock Option |  |  |  | ESPPs
Unrecognized stock-based compensation expense |  | $ | 64,207 |  |  |  |  | $ | 13,661 |
Weighted-average amortization period (in years) |  | 1.7 |  |  |  | 0.8
Schedule of Shares Reserved for Future Issuance | Shares Reserved for Future Issuance As of December 31, 2024, the Company had common shares reserved for future issuance as follows (in thousands):
Stock options outstanding |  | 12,183 |  |  |
Shares available for future grant under 2019 Plan |  | 2,840 |  |  |
Shares available for future issuance under ESPP |  | 4,218 |  |  |
Shares available for future issuance under NQ ESPP |  | 2,241 |  |  |
|  | 21,482 |  |  |

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