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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Option Activity | Stock option activity for the nine months ended September 30, 2024 was as follows:
|  | Stock Options |
|  | Number of Stock Options Outstanding |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
Balance as of December 31, 2023 |  |  | 8,175,088 |  |  | $ | 8.64 |  |  |  | 7.22 |  |  | $ | 31,135 |
Granted |  |  | 346,935 |  |  |  | 12.34 |  |  |  |  |  |  |
Exercised |  |  | (838,428 | ) |  |  | 6.68 |  |  |  |  |  |  |
Cancelled |  |  | (182,723 | ) |  |  | 8.57 |  |  |  |  |  |  |
Expired |  |  | (77,950 | ) |  |  | 11.95 |  |  |  |  |  |  |
Balance as of September 30, 2024 |  |  | 7,422,922 |  |  | $ | 9.00 |  |  |  | 6.76 |  |  | $ | 5,471 |
Vested and exercisable |  |  | 5,149,863 |  |  | $ | 8.77 |  |  |  | 6.21 |  |  | $ | 5,418 |
Summary of RSU Activity | RSU activity for the nine months ended September 30, 2024 was as follows:
|  | Restricted Stock Units |
|  | Number of Restricted Stock Units Outstanding |  |  | Weighted Average Grant Date Fair Value |
Balance as of December 31, 2023 |  |  | 8,919,024 |  |  | $ | 8.98 |
Granted |  |  | 5,478,481 |  |  |  | 12.21 |
Released |  |  | (3,532,198 | ) |  |  | 9.15 |
Cancelled |  |  | (737,740 | ) |  |  | 9.83 |
Balance as of September 30, 2024 |  |  | 10,127,567 |  |  | $ | 10.60 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expense from stock options and RSUs, reduced for actual forfeitures, was included in the following line items in the accompanying consolidated statement of operations:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Cost of revenues |  | $ | 1,615 |  |  | $ | 1,109 |  |  | $ | 4,399 |  |  | $ | 3,437 |
Sales and marketing |  |  | 1,364 |  |  |  | 1,212 |  |  |  | 3,915 |  |  |  | 3,747 |
Research and development |  |  | 2,944 |  |  |  | 2,976 |  |  |  | 9,526 |  |  |  | 8,175 |
General and administrative |  |  | 5,700 |  |  |  | 5,746 |  |  |  | 16,666 |  |  |  | 15,214 |
Total |  | $ | 11,623 |  |  | $ | 11,043 |  |  | $ | 34,506 |  |  | $ | 30,573 |
Schedule of Employee Stock Purchase Plan Expense | Total ESPP expense recorded in the Company's consolidated statements of operations was as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
ESPP expense |  | $ | 227 |  |  | $ | 186 |  |  | $ | 622 |  |  | $ | 608 |

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