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Stockholders' equity (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Common Stock Reserved for Future Issuance Shares of common stock reserved for future issuance consisted of the following:
March 31,December 31,
20252024
2010 Equity Incentive Plan:
Stock options outstanding1,178,205 1,401,086 
2021 Equity Incentive Plan:
RSUs outstanding and PSUs(1)
15,302,200 15,809,202 
Shares available for future issuance under:
2021 Equity Incentive Plan17,617,621 10,514,374 
2021 Employee Stock Purchase Plan4,460,974 2,986,132 
Total shares of common stock reserved38,559,000 30,710,794 
(1) For those PSUs in their respective performance periods, the number of shares reserved for issuance is based on the maximum achievement of the corporate performance metrics
Summary of Restricted Stock Unit Activity
A summary of RSU and PSU activity under the 2021 Plan is as follows:
RSUs OutstandingWeighted Average Grant Date Fair Value
PSUs Outstanding (1)
Weighted Average Grant Date Fair Value
Balance - December 31, 2024
14,892,768$10.74 673,578$10.40 
Granted 2,226,762$8.41 372,044$8.23 
Released(1,478,809)$12.58 (75,520)$10.40 
Canceled(1,209,407)$11.21 (285,225)$10.98 
Balance - March 31, 2025
14,431,314$10.15 684,877$8.98 
Unvested - March 31, 2025
14,408,951$10.16 684,877$8.98 
Awards vested, not yet released - March 31, 2025
22,363$8.49 $— 
(1) Canceled PSU shares consist of awards forfeited as well as the difference in the number of shares granted at target and the shares certified by the Board based on actual achievement.
Summary of Option Activity
The following is a summary of activity for stock options having only service-based vesting conditions under the Equity Incentive Plans:
Options OutstandingWeighted Average Exercise PriceWeighted Average Remaining Contractual TermAggregate Intrinsic Value
(In Thousands)
Balance - December 31, 2024
1,351,086 $5.28 4.05$4,666 
Granted — — 
Exercised (148,557)3.92 
Canceled (74,324)6.86 
Balance - March 31, 2025
1,128,205 $5.35 4.27$3,382 
Vested & expected to vest as of March 31, 2025
1,128,205 $5.35 4.27$3,382 
Exercisable as of March 31, 2025
1,127,592 $5.34 4.27$3,382 
Summary of Stock-Based Compensation Expense
Total stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended March 31,
20252024
Cost of revenue$1,572 $1,657 
Sales and marketing5,407 7,341 
Research and development4,708 6,675 
General and administrative6,280 7,032 
Total stock-based compensation expense$17,967 $22,705