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EMPLOYEE BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2025
Retirement Benefits [Abstract]  
Schedule of Stock Option Activity under the Plans
Stock option activity for the year ended December 31, 2025 was as follows:
Number of
Shares
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term
(in Years)
Aggregate
Intrinsic
Value
Balance—December 31, 20249.1$7.64 4.97$25.3 
Granted5.27.81 
Exercised(3.0)3.41 
Canceled(0.2)18.07 
Balance—December 31, 202511.1$8.63 6.54$6.1 
Options vested5.3$9.24 3.86$6.1 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
RSU and PSU activity for the year ended December 31, 2025 was as follows:
RSUsPSUs
Number of
Units
Weighted-Average
Grant Date Fair Value
Aggregate
Intrinsic
Value
Number of
Units
Weighted-Average
Grant Date Fair Value
Aggregate
Intrinsic
Value
Unvested balance—December 31, 202416.1$12.82 $136.7 0.3$14.36 $2.2 
Granted(1)
12.28.10  0.57.94 
Vested(2)
(7.0)13.21  (0.1)14.36 
Forfeited(3)
(4.1)11.75  (0.1)9.70 
Unvested balance—December 31, 202517.2$9.56 $126.3 0.6$9.17 $4.4 
Summary of Weighted Average Assumptions to Record Stock-Based Compensation Expense for Stock Options Granted
A summary of the weighted-average assumptions we utilized to record stock-based compensation expense for stock options granted is as follows:
Year Ended December 31,
202520242023
Fair value of common stock$7.81 $7.81 $14.72 
Risk-free interest rate4.4 %3.5 %3.7 %
Expected term (in years)7.16.16.1
Expected volatility55.4 %56.2 %57.3 %
Dividend yield— %— %— %
The following table summarizes the assumptions used in estimating the fair value of ESPP Rights:
Year Ended December 31,
202520242023
Risk-free interest rate
3.6% - 4.2%
4.2% - 5.4%
3.9% - 5.5%
Expected term (in years)
0.5 - 2.0
0.5 - 2.0
0.5 - 2.0
Expected volatility
53.6% - 64.2%
40.2% - 72.3%
39.2% - 61.0%
Dividend yield—%—%—%
Summary of Stock-Based Compensation Expense in the Consolidated Statements of Operations
Stock-based compensation expense is classified in the Consolidated Statements of Operations as follows:
Year Ended December 31,
202520242023
Cost of revenue$2.5 $2.7 $2.6 
Research and development34.8 41.8 49.9 
Sales and marketing20.8 28.1 31.3 
General and administrative38.6 35.5 31.4 
Restructuring related charges(1.6)— (5.6)
Total$95.1 $108.1 $109.6 
The table below presents unrecognized employee compensation cost related to unvested shares and the weighted-average period over which it is expected to be recognized as of December 31, 2025:
December 31, 2025
Unrecognized employee compensation cost related to unvested sharesWeighted-average period over which the compensation is expected to be recognized
(in years)
RSUs
$140.4 2.6
Common stock options20.6 2.9
ESPP Rights
3.2 0.8
PSUs
2.5 3.2
Summary of Shares of Common Stock Reserved for Future Issuance
The following table presents total shares of our common stock reserved for future issuance:
December 31, 2025December 31, 2024
RSUs outstanding17.216.1
Stock options outstanding11.19.1
PSUs outstanding0.60.3
Shares available for future grants20.822.5
Total shares of common stock reserved49.748.0