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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following is a summary of the Company’s stock option activity during the six months ended June 30, 2026:

			Stock Options
(in thousands, except per share data)			Number of Options Outstanding						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Life (in years)						Aggregate Intrinsic Value(1)
Balances as of January 1, 2026			4,688						$	5.98					4.43						$	36,639
Exercised			(448)						3.34												7,218
Balances as of June 30, 2026			4,240						6.26						4.00						68,457
Vested and exercisable as of June 30, 2026			4,240						6.26						4.00						68,457
Vested and expected to vest as of June 30, 2026			4,240						$	6.26					4.00						$	68,457

_________________

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock options and the estimated fair value of the Company’s common stock.

The following is a summary of the Company’s stock option activity during the six months ended June 30, 2026 and 2025:

			Six Months Ended June 30,
(in thousands)			2026						2025
Aggregate grant-date fair value of options vested			$	—					$	4,044
Aggregate intrinsic value of options exercised			7,218						25,521

Schedule of Restricted Stock Award Activity

RSU and PSU activity during the six months ended June 30, 2026 was as follows:

(in thousands, except per share data)			Number of Shares						Weighted-Average Grant-Date Fair Value Per Share
Unvested at January 1, 2026			21,271						$	17.48
Granted			9,385						19.07
Vested			(4,062)						16.75
Cancelled/forfeited			(4,740)						18.49
Unvested at June 30, 2026			21,854						$	18.08

The following is a summary of the Company’s RSU and PSU activity during the six months ended June 30, 2026 and 2025:

			Six Months Ended June 30,
(in thousands, except per share data)			2026						2025
Weighted-average grant-date fair value per share granted			$	19.07					$	20.95
Aggregate grant-date fair value of shares vested			68,036						62,530

Schedule of ESPP Valuation Assumptions

The fair value of the ESPP offerings, including those described above, were estimated using the Black-Scholes option-pricing model as of the respective offering dates, using the assumptions below. These assumptions represent the grant-date fair value inputs for new offerings which commenced during the six months ended June 30, 2026 and 2025, as well as updated valuation information as of the modification date for any offerings for which a modification occurred during the periods presented herein:

Six Months Ended June 30,

2026

2025

Risk-free interest rates

3.51% to 3.65%

3.92% to 4.26%

Expected term

0.5 to 1.0 year

0.5 to 2.0 years

Volatility

49.2% to 52.4%

43.8% to 49.1%

Dividend rate

—

%

—

%

Schedule of Share-based Compensation Expense

Stock-based compensation expense, net for stock options, RSUs, PSUs, and the ESPP, included within the Condensed Consolidated Statements of Operations, net of amounts capitalized to internal-use software, as described in Note 6. Property and Equipment, was as follows:

			Three Months Ended June 30,												Six Months Ended June 30,
(in thousands)			2026						2025						2026						2025
Customer support and operations			$	417					$	453					$	726					$	709
Marketing			5,530						4,747						7,703						8,874
Technology and development			15,939						21,873						33,097						43,110
General and administrative			12,605						10,993						20,501						21,165
Total			$	34,491					$	38,066					$	62,027					$	73,858

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