STOCKHOLDERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Share Repurchase Activity

The following table summarizes the share repurchase activity under the Company’s stock repurchase program during the three months ended March 31, 2026 (in thousands, except share and per share data):

	Total Number of Shares Purchased	Average Price Per Share		Amount
First Quarter 2026	1,014,873	$	98.53	$	100,000

Schedule of Reserved Shares of Common Stock for Issuance

As of March 31, 2026, the Company’s common stock reserved for issuance in the future is as follows (in thousands):

Common stock awards granted under equity incentive plans	10,130
Common stock awards available for issuance under the 2017 Employee Stock Purchase Plan *	5,089
Common stock awards available for issuance under the 2017 Amended and Restated Equity Incentive Plan	39,583
Total reserved shares of common stock	54,802

* The Company has not issued any common stock pursuant to the 2017 Employee Stock Purchase Plan.

Summary of Restricted Stock Unit Activity

Restricted stock unit activity for the three months ended March 31, 2026 is as follows (in thousands, except per share data):

	Number of Shares	Weighted-Average Grant Date Fair Value per Share
Balance as of December 31, 2025	6,329	$	75.70
Awarded	131	102.77
Released	(1,180)	74.50
Forfeited	(156)	75.44
Balance as of March 31, 2026	5,124	$	76.68

Schedule of Stock Option Activity

Stock option activity for the three months ended March 31, 2026 is as follows (in thousands, except per share data and years):

	Number of Shares	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Balance as of December 31, 2025	5,100	$	82.85	6.0
Granted	—	—
Exercised	(93)	19.23
Forfeited and expired	(1)	52.18
Balance as of March 31, 2026	5,006	$	84.04	5.9	$	135,597
Options exercisable as of March 31, 2026	4,163	$	87.41	5.4	$	112,507

Schedule of Share-based Compensation Expense

The following table presents the total stock-based compensation expense for the three months ended March 31, 2026 and 2025 (in thousands):

	Three Months Ended
	March 31, 2026		March 31, 2025
Cost of revenue, platform	$	194	$	384
Cost of revenue, devices	—		70
Research and development	29,495		35,858
Sales and marketing	27,384		34,786
General and administrative	21,609		24,396
Total stock-based compensation	$	78,682	$	95,494