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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

RSU activity for the nine months ended September 30, 2024 was as follows:

			Shares						Weighted-average grant date fair value per share
Shares unvested as of December 31, 2023			5,256,833						$	5.63
Granted			3,205,244						$	7.02
Vested			(2,592,279)						$	6.36
Forfeited			(431,446)						$	6.24
Shares unvested and expected to vest as of September 30, 2024			5,438,352						$	6.05

Schedule of Stock Option Activity

A summary of stock option award activity under the Company’s equity plans and related information is as follows (in thousands, except share, price and year data):

									Outstanding stock options						Weighted- average exercise Price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value
Balance as of December 31, 2023									9,307,142						$	6.41					5.57						$	31,250
Options granted									—						—
Options exercised									(2,135,767)						2.97
Options canceled									(287,388)						14.12
Balance as of September 30, 2024									6,883,987						$	7.16					5.07						$	15,150
Vested and exercisable as of September 30, 2024									6,283,883						$	6.46					4.89						$	15,017
Vested and expected to vest									6,883,987						$	7.16					5.07						$	15,150

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the Black-Scholes option pricing model used in estimating the fair value of the stock purchase rights under the ESPP during the nine months ended September 30, 2024 and 2023. There were no ESPP offerings requiring fair value inputs during the three months ended September 30, 2024 and 2023.

									Nine months ended September 30,
															2024						2023
Expected term (in years)															0.5 - 2.0						0.5 - 2.0
Expected volatility															48% - 56%						45% - 68%
Risk-free interest rate															4.82% - 5.43%						0.10% - 5.43%
Expected dividend yield															—		%				—		%

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

Stock-based compensation expense included in the condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Cost of revenue			$	478					$	653					$	1,218					$	1,456
Research and development			3,097						2,865						7,455						6,786
Sales and marketing			2,908						2,747						6,492						6,616
General and administrative			1,955						1,693						4,330						3,812
Total stock-based compensation expense			$	8,438					$	7,958					$	19,495					$	18,670

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Tabular disclosure of share-based payment arrangement.

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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 significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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