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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2025 were as follows (in thousands):
June 30, 2025
Stock options outstanding848
RSUs (including PRSUs) outstanding7,198
Shares available for future grant under 2014 Plan13,029
Shares available for future issuance under ESPP3,961
Total shares of common stock reserved25,036
Schedule of Stock Option Activity
A summary of the Company’s stock option activity during the six months ended June 30, 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(5)5.57 
Options forfeited or expired(7)127.66 
Outstanding as of June 30, 2025848 55.15 3.1$3,860 
Schedule of RSU Activity
A summary of the Company’s restricted stock unit ("RSU") activity, including PRSUs, during the six months ended June 30, 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)
3,349 37.92 
RSUs vested and released(1,113)66.82 
RSUs forfeited or cancelled(867)51.31 
Outstanding as of June 30, 20257,198 48.85 
(1) Includes 267,711 PRSUs granted during the six months ended June 30, 2025.
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was as follows (in thousands):
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Cost of revenue$7,296 $7,789 $14,480 $15,392 
Research and development8,829 9,827 17,519 20,757 
Sales and marketing13,355 13,824 24,929 27,844 
General and administrative12,379 12,192 24,176 24,323 
Total stock-based compensation expense$41,859 $43,632 $81,104 $88,316 
Schedule of Unrecognized Compensation Expense
As of June 30, 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$499 $296,891 $17,148 $1,377 
Weighted-average amortization period0.6 years2.7 years1.5 years0.4 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 EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Expected term (years)— — 2.842.85
Volatility— — 55.8 %49.4 %
Risk-free interest rate— — 4.0 %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.