XML 69 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of RSU and RSA Activity
The following table summarizes the RSU and RSA activity for the year ended December 31, 2024:
Service-
based
RSUs		RSAsMarket and Performance-
based
RSUs		Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 202325,406,057 87,030 1,393,446 26,886,533 $29.17 
Granted5,170,456 153,648 86,706 5,410,810 $56.96 
Vested
(17,753,004)(71,811)(1,351,867)(19,176,682)$31.80 
Canceled/Forfeited
(1,745,625)— (30,789)(1,776,414)$31.15 
Unvested as of December 31, 202411,077,884 168,867 97,496 11,344,247 $37.67 
Summary of Stock Option Activity
The following table summarizes the stock option activity during the year ended December 31, 2024:
Outstanding
stock
options		Weighted-
average
exercise
price		Weighted-
average
remaining
contractual
life
(years)		Aggregate
intrinsic
value
(in thousands, except share, per share, and year data)
Balance as of December 31, 202329,795,909 $17.83 6.00$500,472 
Exercised
(15,018,424)5.92 
Canceled/Forfeited
(89,947)8.89 
Balance as of December 31, 202414,687,538 $30.07 6.87$1,958,924 
Vested as of December 31, 20247,495,598 $15.88 4.88$1,106,061 
Vested and expected to vest as of December 31, 202414,687,538 $30.07 6.87$1,958,924 
Schedule of Weighted-Average Assumptions Used to Determine Fair Value of Employee Stock Options
The following weighted-average assumptions were used to determine the fair value of employee stock options granted during the year ended December 31, 2023:
Expected term (in years)6.31
Expected volatility60.66 %
Risk-free interest rate3.83 %
Expected dividend yield0
Summary of Components of Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in the consolidated statements of operations for all periods presented:
Year ended December 31,
202420232022
(in thousands)
Cost of revenue$620 $101 $133 
Research and development441,629 23,825 35,641 
Sales and marketing80,436 5,555 7,576 
General and administrative278,961 18,117 11,960 
Stock-based compensation expense
$801,646 $47,598 $55,310