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Stockholder's Equity (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
Stock option activity during the year ended December 31, 2025, was as follows (in thousands, except per share amounts):
Stock Options Outstanding
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
Aggregate Intrinsic
Value (1)
(in years)
Outstanding as of December 31, 202410,390 $17.21 6.2$122,472 
Exercised
(1,836)4.42 
Outstanding as of December 31, 20258,554 $19.96 6.5$50,720 
Exercisable as of December 31, 20256,949 $19.96 6.5$41,210 
(1)We calculate intrinsic value based on the difference between the exercise price of in-the-money-stock options and the fair value of our common stock as of the respective balance sheet date.
Summary of Restricted Stock Unit and Restricted Stock Award Activity
RSU and RSA activity during the year ended December 31, 2025, was as follows (in thousands, except per share amounts):
Restricted Stock Units and Restricted Stock
Awards Outstanding
Shares
Weighted Average
Grant Date Fair Value
Outstanding as of December 31, 202437,217 $29.33 
Granted
37,305 29.70 
Released
(29,047)28.69 
Forfeited
(6,356)28.81 
Outstanding as of December 31, 202539,119$30.25 
Summary of Fair Value Valuation Assumptions The weighted-average grant-date fair value of these RSUs was $45.49, which we estimated using a Monte Carlo simulation model with the following assumptions:
Year Ended December 31, 2025
Expected term (in years)
2.0 - 3.0
Risk-free interest rate
3.5% - 4.3%
Expected volatility
47.4% - 57.3%
Summary of Share-Based Compensation Expense
Share-based compensation expense during the years ended December 31, 2025, 2024 and 2023, was as follows (in thousands):
Year Ended December 31,
202520242023
Cost of revenue $19,541 $14,836 $11,117 
Research and development 567,571 497,442 422,964 
Sales and marketing 149,565 122,149 96,798 
General and administrative 143,786 131,368 116,981 
Total share-based compensation
$880,463 $765,795 $647,860