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STOCK‐BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity The following table summarizes the Company’s stock option activity:
Outstanding Options
Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term
(in years)
Aggregate Intrinsic Value (in thousands)
Balance as of December 31, 202515,126,442 $5.64 2.4$119,321 
Options exercised(57,500)$0.55 
Options expired(33,591)$0.55 
Balance as of March 31, 202615,035,351 $5.67 2.1$9,567 
Options vested and expected to vest as of March 31, 20265,405,141 $5.00 2.2$7,737 
Exercisable as of March 31, 20265,405,141 $5.00 2.2$7,737 
Schedule of Activity for RSUs The following table summarizes the activity for the Company’s restricted stock units (“RSUs”):
Total RSUsStock Price Target and GMS Performance RSUsOther RSUs
SharesWeighted-Average Grant Date Fair ValueSharesWeighted-Average Grant Date Fair ValueSharesWeighted-Average Grant Date Fair Value
Unvested as of December 31, 202519,844,438$33.27 12,410,483$30.81 7,433,955$37.38 
Granted
12,312,860 $7.12 — $— 12,312,860 $7.12 
Forfeited
(227,268)$30.25 — $— (227,268)$30.25 
Vested and released(180,074)$33.46 — $— (180,074)$33.46 
Vested but unreleased
(1,712,195)$28.92 — $— (1,712,195)$28.92 
Unvested as of March 31, 202630,037,761 $23.33 12,410,483 $30.81 17,627,278 $18.07 
Vested but unreleased as of March 31, 20261,905,543 $29.60 193,348 $35.69 1,712,195 $28.92 
Outstanding as of March 31, 202631,943,304 $23.24 12,603,831 $30.88 19,339,473 $18.26