XML 66 R33.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of Common Stock Reserved for Future Issuance | Shares of common stock reserved for future issuance related to outstanding equity awards and employee equity incentive plans as of December 31, 2023, were as follows (in thousands):
|  | Common Stock Reserved
Stock options outstanding |  | 918 |
RSUs (including PRSUs) outstanding |  | 4,076 |
Shares available for future grant under 2014 Plan |  | 15,653 |
Shares available for future issuance under ESPP |  | 3,937 |
Total shares of common stock reserved |  | 24,584 |
Schedule of Stock Option Activities | A summary of the Company’s stock option activity during the year ended December 31, 2023 is as follows (in thousands, except years and per share data):
|  | Number of Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (Years) |  | Aggregate Intrinsic Value (1)
Outstanding as of December 31, 2022 |  | 1,481 |  |  | $ | 47.75 |  |  |  |  |
Options granted |  | 0 |  |  | 0.00 |  |  |  |  |
Options exercised |  | (491) |  |  | 18.58 |  |  |  |  |
Options forfeited or expired |  | (72) |  |  | 141.83 |  |  |  |  |
Outstanding as of December 31, 2023 |  | 918 |  |  | 55.96 |  |  | 4.7 |  | $ | 34,205 |
Vested and expected to vest as of December 31, 2023 |  | 918 |  |  | 55.96 |  |  | 4.7 |  | 34,205 |
Exercisable as of December 31, 2023 |  | 841 |  |  | 48.61 |  |  | 4.5 |  | 34,131 |
(1) The aggregate intrinsic value amounts are computed based on the difference between the exercise price of the stock options and the fair market value of the Company’s common stock of $78.69 per share as of December 29, 2023 for all in-the-money stock options outstanding. Following is additional information pertaining to the Company’s stock option activity (in thousands, except per share data):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Weighted average grant date fair value per share of options granted |  | $ | — |  |  | $ | 50.44 |  |  | $ | 78.72 |
Intrinsic value of options exercised (1) |  | 26,943 |  |  | 45,698 |  |  | 59,762 |
Total fair value of options vested during the period |  | 5,602 |  |  | 11,421 |  |  | 12,760 |
Cash received from options exercised |  | 9,127 |  |  | 8,522 |  |  | 7,402 |
(1) Intrinsic value of options exercised is the difference between the fair market value of the Company’s common stock at the time of exercise and the exercise price paid.
Schedule of RSU Activities | A summary of RSU activity (including PRSUs) during the year ended December 31, 2023 is as follows (in thousands, except years and per share data):
|  | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 2022 |  | 3,718 |  |  | $ | 103.55 |
RSUs granted(1) |  | 2,648 |  |  | 69.84 |
RSUs vested and released |  | (1,844) |  |  | 100.60 |
RSUs forfeited or cancelled |  | (446) |  |  | 100.75 |
Outstanding as of December 31, 2023 |  | 4,076 |  |  | 83.25 |
(1) Includes 36 thousand PRSUs granted during 2023. Following is additional information pertaining to the Company’s RSU activity (including PRSUs) (in thousands, except per share data):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Weighted average grant date fair value per share of RSUs granted |  | $ | 69.84 |  |  | $ | 90.51 |  |  | $ | 177.00 |
Total fair value of RSUs vested during the period |  | 184,443 |  |  | 125,798 |  |  | 174,500 |
Schedule of Stock-Based Compensation Expense | Stock-based compensation expenses for the years ended December 31, 2023, 2022 and 2021 were as follows (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Cost of revenue |  | $ | 38,259 |  |  | $ | 33,297 |  |  | $ | 17,734 |
Research and development |  | 50,430 |  |  | 44,367 |  |  | 29,179 |
Sales and marketing |  | 66,229 |  |  | 59,300 |  |  | 35,269 |
General and administrative |  | 51,374 |  |  | 35,543 |  |  | 26,623 |
Total stock-based compensation |  | $ | 206,292 |  |  | $ | 172,507 |  |  | $ | 108,805 |
Schedule of Unrecognized Compensation Expense | As of December 31, 2023, unrecognized stock-based compensation expense by award type and their expected weighted-average recognition periods are summarized in the following table (in thousands, except years).
|  | Stock Option |  | RSU (excluding PRSUs) |  | PRSU |  | ESPP
Unrecognized stock-based compensation expense |  | $ | 4,660 |  |  | $ | 284,201 |  |  | $ | 13,068 |  |  | $ | 2,888 |
Weighted-average amortization period |  | 1.5 years |  | 2.7 years |  | 1.8 years |  | 0.4 years
Schedule of Valuation Assumptions, Stock Option | The weighted average assumptions used to value stock options granted during the periods presented were as follows:
Stock Options |  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Expected term (years) |  | — |  | 6.0 |  | 6.0
Volatility |  | — |  | 46% |  | 47%
Risk-free interest rate |  | — |  | 1.8% |  | 1.0%
Dividend yield |  | — |  | — |  | —
The weighted average assumptions used to value PRSUs with market conditions granted during the periods presented were as follows:
PRSUs (Market Conditions) |  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Expected term (years) |  | 2.8 |  | 3.0 |  | —
Volatility |  | 51.1% |  | 53.0% |  | —
Risk-free interest rate |  | 4.5% |  | 3.5% |  | —
Dividend yield |  | — |  | — |  | —
Schedule of Valuation Assumptions for Stock Option Purchase Plan | The weighted average assumptions used to value purchase rights under the 2014 ESPP granted during the periods presented were as follows:
ESPP |  | Granted In
|  | November 2023 |  | May 2023 |  | November 2022 |  | May 2022 |  | November 2021 |  | May 2021
Expected term (years) |  | 0.5 |  | 0.5 |  | 0.5 |  | 0.5 |  | 0.5 |  | 0.5
Volatility |  | 48% |  | 75% |  | 59% |  | 46% |  | 46% |  | 49%
Risk-free interest rate |  | 4.8% |  | 4.6% |  | 2.1% |  | 0.2% |  | 0.2% |  | 0.1%
Dividend yield |  | — |  | — |  | — |  | — |  | — |  | —

X
- Definition Summary of Common Stock Reserved for Future Issuance [Table Text Block] + References No definition available. + Details
Name: | fivn_SummaryofCommonStockReservedforFutureIssuanceTableTextBlock
Namespace Prefix: | fivn_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration