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Stock-based compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-Based Compensation Expense

The Company recognized stock-based compensation expense for all equity arrangements as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
			(in thousands)
Cost of revenue:
Subscription			$	3,228					$	2,931					$	9,751					$	8,542
Services			445						445						1,242						1,308
Sales and marketing			5,267						7,887						20,827						22,561
Research and development			6,536						6,581						19,954						18,981
General and administrative			6,462						7,563						22,371						20,877
			$	21,938					$	25,407					$	74,145					$	72,269

Schedule of Return Target and Service Based Options Activity

The table below summarizes return target option activity for the nine months ended September 30, 2025:

			Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2024			2,265,275						$	6.66					3.7						$	16,740
Exercised			(118,234)						7.33												293
Outstanding, September 30, 2025			2,147,041						$	6.62					2.9						$	8,753
Options exercisable at September 30, 2025			2,147,041						$	6.62					2.9						$	8,753
Vested or expected to vest at September 30, 2025			2,147,041						$	6.62					2.9						$	8,753

The table below summarizes the service-based option activity for the nine months ended September 30, 2025:

			Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term (Years)						Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2024			757,343						$	5.52					3.0						$	6,464
Exercised			(33,716)						5.49												169
Outstanding, September 30, 2025			723,627						$	5.52					2.1						$	3,751
Options exercisable at September 30, 2025			723,627						$	5.52					2.1						$	3,751
Vested or expected to vest at September 30, 2025			723,627						$	5.52					2.1						$	3,751

Schedule of RSU Activity

RSU activity for the nine months ended September 30, 2025 was as follows:

			Units						Weighted-Average Grant Date Fair Value (per share)
Outstanding, December 31, 2024			11,737,145						$	20.73
Granted			7,839,903						12.85
Vested			(3,336,860)						22.49
Forfeited			(1,769,338)						18.06
Outstanding, September 30, 2025			14,470,850						$	16.38

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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.

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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.

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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.

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