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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Expense Recognized to Statements of Operations
A summary of share-based compensation expense recognized in the Condensed Consolidated Statements of Operations is as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Cost of revenues$4,243 $7,883 $10,403 $15,916 
Research and development14,003 19,055 31,575 38,297 
Sales and marketing25,411 32,874 60,595 66,789 
General and administrative19,812 26,968 38,777 53,946 
Total share-based compensation expense$63,469 $86,780 $141,350 $174,948 
Schedule of Share-Based Compensation Expense by Award Type
A summary of share-based compensation expense by award type is as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
 2025202420252024
Employee stock purchase plan rights (“ESPP”)$1,415 $1,972 $2,819 $3,703 
Performance stock units (“PSUs”) 5,623 5,373 15,729 12,374 
Restricted stock units (“RSUs”) 56,431 79,435 122,802 158,871 
Total share-based compensation expense$63,469 $86,780 $141,350 $174,948 
Schedule of RSUs Activity
A summary of activity of restricted and performance-based stock units as of June 30, 2025, and changes during the period then ended is presented in the following table:
Number of
RSUs/PSUs
Outstanding
(in thousands)
Weighted-
Average
Grant Date Fair
Value Per Share
Aggregate
Intrinsic Value
(in thousands)
Outstanding as of December 31, 20248,306 $42.09 $290,799 
Granted3,073 28.79 
Released(3,023)43.55 
Canceled/Forfeited(783)36.40 
Outstanding as of June 30, 20257,573 $36.70 $214,719