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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Stock-Based Compensation  
Summary of stock-based compensation expenses

Three months ended March 31, 

2025

2024

(in thousands)

Cost of revenues

$

5,270

$

3,777

Research and development

 

26,511

 

20,649

Selling, general and administrative

 

46,046

 

40,021

Total

$

77,827

$

64,447

Summary of stock option activity

Weighted-

Number of

Average

Shares

Exercise

Outstanding

Price

(in thousands, except for per share data)

December 31, 2024

3,875

$

30.22

Options exercised

(50)

$

11.80

Options forfeited/cancelled

(3)

$

3.78

March 31, 2025

3,822

$

30.47

RSU and performance-based awards

Weighted-

Average

Grant Date

Shares

Fair Value

(in thousands, except for per share data)

Balance at December 31, 2024

10,593

$

61.28

Granted

2,721

$

171.72

Vested

(3,236)

$

59.65

Cancelled/Forfeited

(104)

$

74.42

Balance at March 31, 2025

9,974

$

86.75