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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Total Stock-based Compensation Cost

Total stock-based compensation expense was as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Three Months Ended September 30, 2024

 

 

Three Months Ended September 30, 2023

 

 

Nine Months Ended September 30, 2024

 

 

Nine Months Ended September 30, 2023

 

Cost of revenue

 

$

45

 

 

$

542

 

 

$

364

 

 

$

2,800

 

Selling and marketing expense

 

 

490

 

 

 

2,469

 

 

 

(2,328

)

 

 

7,191

 

General and administrative expense

 

 

7,781

 

 

 

10,352

 

 

 

14,167

 

 

 

44,029

 

Product development expense

 

 

1,842

 

 

 

8,165

 

 

 

70

 

 

 

29,640

 

Total stock-based compensation expense

 

$

10,158

 

 

$

21,528

 

 

$

12,273

 

 

$

83,660

 

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 nine months ended September 30, 2024:

 

 

 

September 30, 2024

Volatility

57% - 58%

Expected Life

7.0 years

Risk-free rate

4.0% - 4.6%

Fair value per unit

$5.72 - $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

 

 

(911,125

)

 

 

12.20

 

 

 

(809,754

)

 

 

12.48

 

Forfeited

 

 

(143,861

)

 

 

19.15

 

 

 

(123,216

)

 

 

13.66

 

Unvested as of September 30, 2024

 

 

959,056

 

 

$

13.07

 

 

 

884,325

 

 

$

12.43

 

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

 

 

(15,824

)

 

 

6.87

 

 

 

(8,051

)

 

 

17.21

 

Forfeited

 

 

(9,987

)

 

 

6.81

 

 

 

(14,798

)

 

 

17.05

 

Unvested as of September 30, 2024

 

 

6,444

 

 

$

6.96

 

 

 

5,537

 

 

$

17.22

 

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

 

 

3,745,502

 

 

 

11.51

 

 

 

 

 

 

 

Vested

 

 

(2,008,290

)

 

 

26.28

 

 

 

(135,570

)

 

 

42.79

 

Forfeited

 

 

(2,523,969

)

 

 

23.71

 

 

 

(70,262

)

 

 

42.79

 

Unvested as of September 30, 2024

 

 

5,770,886

 

 

$

16.79

 

 

 

127,464

 

 

$

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:

 

 

 

September 30, 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

 

 

3,745,723

 

 

 

12.23

 

 

 

7.59

 

Exercised

 

 

 

 

 

 

 

 

 

Forfeited and expired

 

 

(2,323,657

)

 

 

27.15

 

 

 

15.99

 

Outstanding as of September 30, 2024

 

 

4,950,211

 

 

 

18.52

 

 

 

10.84

 

Exercisable as of September 30, 2024

 

 

994,391

 

 

$

34.16

 

 

$

18.87

 

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:

 

 

 

September 30, 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

 

 

(21,846

)

 

 

43.00

 

 

 

22.21

 

Outstanding as of September 30, 2024

 

 

58,062

 

 

 

43.00

 

 

 

22.21

 

Exercisable as of September 30, 2024

 

 

41,930

 

 

$

43.00

 

 

$

22.21