Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of stock-based compensation expenses

	Year Ended December 31,
	2024		2023		2022
	(in thousands)
Cost of revenues	$	16,468	$	11,752	$	7,905
Research and development		88,705		66,326		46,545
Selling, general and administrative		169,255		113,730		97,934
Total	$	274,428	$	191,808	$	152,384

Summary of offering activity

				Weighted-
		Weighted-		Average
		Average		Remaining	Aggregate
	Number of	Exercise		Contractual	Intrinsic
	Shares	Price		Life	Value
(in thousands, except for contractual life and exercise price)				(in years)
Balance at December 31, 2023	5,501	$	23.65	4.36	$	231,133
Options exercised	(1,626)	$	7.98
Balance at December 31, 2024	3,875	$	30.22	4.45	$	496,135
Exercisable at December 31, 2024	3,185	$	23.22	3.80	$	430,197
Vested and expected to vest at December 31, 2024	3,831	$	29.86	4.42	$	492,065

RSU and performance-based awards

		Weighted-
		Average
	Number of	Grant Date
	Shares	Fair Value
	(in thousands)
Balance at December 31, 2023	9,248	$	49.50
Granted	5,400	$	76.90
Vested	(3,538)	$	55.90
Cancelled/Forfeited	(517)	$	58.23
Balance at December 31, 2024	10,593	$	61.28

Employee Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of assumptions used in valuation of fair value

	Year ended December 31,
	2024			2023					2022
Expected term (years)		—		5.20		—	6.11		5.12		—	10.00
Expected volatility		—	%	67.75	%	—	70.07	%	55.91	%	—	62.30	%
Expected dividend rate		—	%				—	%				—	%
Risk-free interest rate		—	%	3.41	%	—	4.80	%	1.62	%	—	4.16	%