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EMPLOYEE BENEFIT AND DEFERRED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Compensation plans:

Schedule of ESPP valuation assumptions

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​	Offering Period Ending
​	5/31/2025		​	11/30/2024		​	5/31/2024		​	11/30/2023		​	5/31/2023		​
Fair market value of common stock	$	54.64	​	$	33.26	​	$	27.82	​	$	21.76	​	$	17.21	​
Volatility		26.4	%		41.7	%		36.6	%		39.4	%		46.4	%
Expected term (years)		0.5	​		0.5	​		0.5	​		0.5	​		0.5	​
Expected dividend yield		-	%		-	%		-	%		-	%		-	%
Risk-free interest rate		4.4	%		5.4	%		5.3	%		5.4	%		4.7	%

Schedule of stock-based compensation cost related to incentive awards

​

​	​	​	​	​	​	​	​	​
​	For the year ended December 31,
​	2024			2023			2022
Stock-based compensation expense:	​	​	​	​	​	​	​	​
Stock options	$	6,768	​	$	6,349	​	$	7,081
RSUs		37,770	​		24,257	​		9,286
RSAs		1,617	​		2,496	​		2,768
PSUs	​	285	​	​	—	​	​	—
ESPP	​	985	​	​	817	​	​	594
Total stock-based compensation expense	$	47,425	​	$	33,919	​	$	19,729

Schedule of stock based compensation cost in consolidated statement of operations

​

​	​	​	​	​	​	​	​	​
​	For the year ended December 31,
​	2024			2023			2022
Stock-based compensation expense:	​	​	​	​	​	​	​	​
Cost of revenues, software subscriptions	$	4,349	​	$	2,834	​	$	2,090
Cost of revenues, services		2,768	​		1,846	​		1,433
Research and development		9,548	​		5,994	​		1,798
Selling and marketing		13,204	​		8,380	​		6,284
General and administrative		17,556	​		14,865	​		8,124
Total stock-based compensation expense	$	47,425	​	$	33,919	​	$	19,729

Employee Stock Option

Compensation plans:

Schedule of Option activity

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted	​	​	​
​	​	​	​	​	Weighted	​	Average	​	​
​	​	​	​	​	Average	​	Remaining	​	Aggregate
​	​	​	​	​	Exercise	​	Contractual	​	Intrinsic
2020 Plan Option Activity	​	Units	​	​	Price	​	Life (Years)	​	Value
Outstanding at January 1, 2024	​	5,692	​	$	5.32	​	4.7	​	$	124,327
Exercised	​	(2,722)	​	$	3.56	​	​	​	​	​
2020 Plan options outstanding at December 31, 2024	​	2,970	​	$	6.93	​	4.4	​	$	137,857
2020 Plan options exercisable at December 31, 2024		2,504	​	$	6.35		4.2	​	$	117,670

Schedule of outstanding, vested and exercisable

​

​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
​	​	Options Outstanding			​	Options Vested and Exercisable
​		​		Weighted		​		Weighted
​	​	​	​	Average	​	​	​	Average
Exercise Prices	​	Units	​	Life (Years)	​	Units	​	Life (Years)
$0.15 to $0.71		347	​	*	​	347	​	*
$2.50		598	​	1.6	​	598	​	1.6
$3.17		113	​	3.1	​	113	​	3.1
$3.73	​	908	​	4.9	​	908	​	4.9
$4.70	​	466	​	5.1	​	125	​	5.1
$18.47	​	190	​	6.9	​	136	​	6.9
$18.96	​	80	​	6.6	​	80	​	6.6
$19.00		46	​	6.7	​	30	​	6.7
$32.16		222	​	6.2	​	167	​	6.2
​	​	2,970	​	​		2,504	​	​
*These options have indefinite contractual lives.		​	​	​	​	​	​	​

Restricted Stock Units

Compensation plans:

Schedule of restricted activity

​

​	​	​	​	​	​
​				​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date Fair
​	​	Units	​	Value Per Share
Outstanding at January 1, 2024	​	4,171	​	$	16.11
Granted	​	1,833	​	​	26.09
Vested	​	(1,345)	​	​	16.70
Forfeited	​	(125)	​	​	16.33
Outstanding at December 31, 2024	​	4,534	​	$	19.96
​	​	​	​	​	​
​	​	​	​	​	​

Restricted Stock Awards

Compensation plans:

Schedule of restricted activity

​

​	​	​	​	​	​
​		​	​	​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date Fair
​	​	Units	​	Value Per Share
Outstanding at January 1, 2024	​	91	​	$	21.50
Granted	​	34	​	​	35.06
Vested	​	(91)	​	​	21.50
Outstanding at December 31, 2024		34	​	$	35.06

PSUs

Compensation plans:

Schedule of restricted activity

​

​	​	​	​	​	​
​	​	​	​	Average
​	​	​	​	Grant Date Fair
​	​	Units	​	Value Per Share
Outstanding at January 1, 2024	​	—	​	$	—
Granted	​	192	​	​	53.46
Outstanding at December 31, 2024	​	192	​	$	53.46

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