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STOCK INCENTIVE PLANS (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of RSU Rollforward
During the six months ended June 30, 2025, equity-classified RSU activity for Service Providers and non-employee directors was as follows:
Class A Common StockLT50 Common StockWeighted average grant date fair value per share
Outstanding at December 31, 2024
2,150,101 1,894,470 $30.21 
RSUs granted153,690 — $2.23 
RSUs vested(428,709)(195,954)$20.61 
RSUs cancelled/forfeited/expired(31,885)(31,885)$41.00 
Outstanding at June 30, 2025
1,843,197 1,666,631 $30.50 
Schedule of Stock Option Roll-forward
A summary of the Company's stock option activity was as follows:
SharesWeighted average exercise price per shareWeighted average
remaining contractual life
(in years)
Outstanding at December 31, 2024
3,759,580 $2.29 4.11
Options exercised (96,082)$1.22 
Options cancelled/forfeited/expired(137,732)$1.18 
Outstanding at June 30, 2025
3,525,766 $2.36 3.77
Exercisable at June 30, 2025
3,524,356 $2.36 3.77
Schedule of Stock-based Compensation Expense
The following table summarizes the stock-based compensation recognized for options granted under the 2009 Stock Plan, options and RSUs granted under the 2019 Stock Plan, RSUs granted under the 2021 Plan and matching and discretionary shares issued under the Matching Plan (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Matching Plan shares$973 $1,141 $2,500 $2,570 
Equity-classified restricted stock units5,937 7,029 12,013 13,290 
Settlement of liability-classified restricted stock units344 — 344 — 
Stock options
209 857 835 1,606 
Total stock-based compensation
7,463 9,027 15,692 17,466 
Less: stock-based compensation capitalized as software development costs(536)(646)(775)(1,561)
Total stock-based compensation expense
$6,927 $8,381 $14,917 $15,905 
Stock-based compensation expense is allocated based on the cost center to which the award holder spent time during the reported periods. Stock-based compensation expense is included in the following components of expenses on the accompanying Condensed Consolidated Statements of Operations (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cost of revenue, net$2,770 $2,886 $5,809 $5,818 
Research and development2,018 3,144 4,421 5,894 
General and administrative1,178 1,703 2,749 3,405 
Sales and marketing961 648 1,938 788 
Total stock-based compensation expense
$6,927 $8,381 $14,917 $15,905