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Stock-based Compensation (Tables)
 3 Months Ended
Mar. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Total Stock-based Compensation Cost

Total stock-based compensation cost, net of forfeitures, was as follows:

 

 

 

 

 

 

 

 

(In thousands)

 

Three Months Ended March 31, 2024

 

 

Three Months Ended March 31, 2023

 

Cost of revenue

 

$

545

 

 

$

1,138

 

Selling and marketing expense

 

 

(2,862

)

 

 

3,527

 

General and administrative expense

 

 

(1,506

)

 

 

14,817

 

Product development expense

 

 

3,849

 

 

 

9,102

 

Total stock-based compensation expense

 

$

26

 

 

$

28,584

 
Summary of Assumption Ranges and Fair Value Per Unit

The following assumptions were utilized to calculate the fair value of Time-Vesting Options granted during the three months ended March 31, 2024:

 

 

 

March 31, 2024

 

Volatility

58%

 

Expected Life

7.0 years

 

Risk-free rate

4.0% - 4.2%

 

Fair value per unit

$6.73 - $8.95

 

Dividend yield

 

 

0.0

%

 
Incentive Units  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information Around Incentive Units in Bumble Holdings

The following table summarizes information around Incentive Units in Bumble Holdings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time-Vesting Incentive Units

 

 

Exit-Vesting Incentive Units

 

 

 

Number of
Awards

 

 

Weighted-
Average
Participation
Threshold

 

 

Number of
Awards

 

 

Weighted-
Average
Participation
Threshold

 

Unvested as of December 31, 2023

 

 

2,014,042

 

 

$

13.11

 

 

 

1,817,295

 

 

$

12.89

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Vested

 

 

(791,238

)

 

 

12.12

 

 

 

(274,735

)

 

 

12.58

 

Forfeited

 

 

(131,874

)

 

 

19.83

 

 

 

(109,895

)

 

 

14.12

 

Unvested as of March 31, 2024

 

 

1,090,930

 

 

$

13.02

 

 

 

1,432,665

 

 

$

12.42

 
RSU's  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Information about Restricted Shares

The following table summarizes information around restricted shares in the Company:

 

 

 

Time-Vesting
Restricted Shares of Class A Common Stock

 

 

Exit-Vesting
Restricted Shares of Class A Common Stock

 

 

 

Number of
Awards

 

 

Weighted-
Average
Grant-Date
Fair
Value

 

 

Number of
Awards

 

 

Weighted-
Average
Grant-Date
Fair
Value

 

Unvested as of December 31, 2023

 

 

32,255

 

 

$

6.87

 

 

 

28,386

 

 

$

17.13

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Vested

 

 

(15,599

)

 

 

6.73

 

 

 

(3,810

)

 

 

17.16

 

Forfeited

 

 

(7,952

)

 

 

6.73

 

 

 

(12,002

)

 

 

17.01

 

Unvested as of March 31, 2024

 

 

8,704

 

 

$

7.23

 

 

 

12,574

 

 

$

17.23

 
Summary of Time Vesting RSUs and Exit Vesting RSUs Granted

The following table summarizes information around RSUs in the Company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Time-Vesting RSUs

 

 

Exit-Vesting RSUs

 

 

 

Number of
Awards

 

 

Weighted-
Average
Grant-Date
Fair
Value

 

 

Number of
Awards

 

 

Weighted-
Average
Grant-Date
Fair
Value

 

Unvested as of December 31, 2023

 

 

6,557,643

 

 

$

25.41

 

 

 

333,296

 

 

$

42.79

 

Granted

 

 

1,580,177

 

 

 

12.93

 

 

 

—

 

 

 

—

 

Vested

 

 

(1,159,546

)

 

 

28.35

 

 

 

(50,968

)

 

 

42.79

 

Forfeited

 

 

(1,002,199

)

 

 

25.67

 

 

 

(22,879

)

 

 

42.79

 

Unvested as of March 31, 2024

 

 

5,976,075

 

 

$

21.49

 

 

 

259,449

 

 

$

42.79

 
Time-Vesting Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Time Vesting RSUs and Exit Vesting RSUs Granted

The following table summarizes the Company’s option activity as it relates to Time-Vesting stock options:

 

 

 

March 31, 2024

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price Per
Share

 

 

Weighted-
Average
Grant Date
Fair Value
Per Share

 

Outstanding as of December 31, 2023

 

 

3,528,145

 

 

$

30.87

 

 

$

17.75

 

Granted

 

 

2,127,265

 

 

 

13.13

 

 

 

8.11

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited and expired

 

 

(685,078

)

 

 

27.35

 

 

 

16.58

 

Outstanding as of March 31, 2024

 

 

4,970,332

 

 

$

23.76

 

 

$

13.79

 

Exercisable as of March 31, 2024

 

 

1,668,920

 

 

$

35.09

 

 

$

19.66

 
Exit-Vesting Awards  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Option Activity Related to Time-Vesting Stock Options and Exit-Vesting Stock Options

The following table summarizes the Company’s option activity as it relates to Exit-Vesting stock options:

 

 

 

March 31, 2024

 

 

 

Number of
Options

 

 

Weighted-
Average
Exercise
Price Per
Share

 

 

Weighted-
Average
Grant Date
Fair Value
Per Share

 

Outstanding as of December 31, 2023

 

 

79,908

 

 

$

43.00

 

 

$

22.21

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(10,318

)

 

 

43.00

 

 

 

22.21

 

Outstanding as of March 31, 2024

 

 

69,590

 

 

$

43.00

 

 

$

22.21

 

Exercisable as of March 31, 2024

 

 

43,783

 

 

$

43.00

 

 

$

22.21