XML 40 R30.htm IDEA: XBRL DOCUMENT v3.25.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
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 March 31, 2025 were as follows (in thousands):
March 31, 2025
Stock options outstanding856
RSUs (including PRSUs) outstanding8,007
Shares available for future grant under 2014 Plan12,895
Shares available for future issuance under ESPP4,298
Total shares of common stock reserved26,056
Schedule of Stock Option Activity
A summary of the Company’s stock option activity during the three months ended March 31, 2025 is as follows (in thousands, except per share data):
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Life
(Years)
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2024860 $55.34 
Options granted — — 
Options exercised— — 
Options forfeited or expired(4)109.86 
Outstanding as of March 31, 2025856 55.10 3.5$4,246 
Schedule of RSU Activity
A summary of the Company’s restricted stock unit ("RSU") activity, including PRSUs, during the three months ended March 31, 2025 is as follows (in thousands, except per share data):     
Number of SharesWeighted Average Grant Date Fair Value Per Share
Outstanding as of December 31, 20245,829 $57.27 
RSUs granted(1)
2,950 39.69 
RSUs vested and released(435)77.48 
RSUs forfeited or cancelled(337)49.20 
Outstanding as of March 31, 20258,007 50.02 
(1) Includes 267,711 PRSUs granted during the three months ended March 31, 2025.
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was as follows (in thousands):
Three Months Ended
March 31, 2025March 31, 2024
Cost of revenue$7,184 $7,603 
Research and development8,690 10,930 
Sales and marketing11,574 14,020 
General and administrative11,797 12,131 
Total stock-based compensation expense$39,245 $44,684 
Schedule of Unrecognized Compensation Expense
As of March 31, 2025, unrecognized stock-based compensation expense by award type and expected weighted-average recognition periods are summarized in the following table (in thousands, except years).
Stock OptionRSU
(excluding PRSUs)
PRSUESPP
Unrecognized stock-based compensation expense$798 $351,433 $20,908 $904 
Weighted-average amortization period0.8 years2.9 years1.7 years0.1 years
Schedule of Valuation Assumptions, Stock Option
The weighted-average assumptions used to value PRSUs with market conditions granted during the periods presented were as follows:
PRSUs (Market Conditions)
Three Months Ended
March 31, 2025March 31, 2024
Expected term (years)2.82.9
Volatility56.0 %49.4 %
Risk-free interest rate4.0 %4.5 %
Dividend yield (1)
— — 
(1)The Company has not paid, and does not anticipate paying, cash dividends on its shares of common stock. Accordingly, the expected dividend yield is zero.