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Stockholders' Equity (Tables)
9 Months Ended
Sep. 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 September 30, 2025 were as follows (in thousands):
September 30, 2025
Stock options outstanding661
RSUs (including PRSUs) outstanding6,451
Shares available for future grant under 2014 Plan13,012
Shares available for future issuance under ESPP3,961
Total shares of common stock reserved24,085
Schedule of Stock Option Activity
A summary of the Company’s stock option activity during the nine months ended September 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(156)20.04 
Options forfeited or expired(43)92.55 
Outstanding as of September 30, 2025661 61.20 1.7$2,402 
Schedule of RSU Activity
A summary of the Company’s restricted stock unit ("RSU") activity, including PRSUs, during the nine months ended September 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)
3,979 35.71 
RSUs vested and released(1,914)59.13 
RSUs forfeited or cancelled(1,443)53.73 
Outstanding as of September 30, 20256,451 45.77 
(1) Includes 324,165 PRSUs granted during the nine months ended September 30, 2025.
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was as follows (in thousands):
Three Months EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Cost of revenue$6,852 $7,512 $21,332 $22,904 
Research and development6,896 8,244 24,415 29,001 
Sales and marketing8,401 12,490 33,330 40,334 
General and administrative11,190 11,310 35,366 35,633 
Total stock-based compensation expense$33,339 $39,556 $114,443 $127,872 
Schedule of Unrecognized Compensation Expense
As of September 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$171 $247,832 $13,549 $459 
Weighted-average amortization period0.4 years2.5 years1.4 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 EndedNine Months Ended
September 30, 2025September 30, 2024September 30, 2025September 30, 2024
Expected term (years)2.38— 2.762.85
Volatility52.2 %— 55.2 %49.4 %
Risk-free interest rate3.7 %— 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.