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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of RSU and RSA Activity The following table summarizes the RSU and RSA activity for the six months ended June 30, 2025:
Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 202411,344,247 $37.67 
Granted1,149,225 $115.73 
Vested
(4,325,212)$44.54 
Canceled/Forfeited
(436,148)$41.48 
Unvested as of June 30, 20257,732,112 $45.22 
Summary of Stock Option Activity The following table summarizes the stock option activity during the six months ended June 30, 2025:
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, 202414,687,538 $30.07 6.87$1,958,924 
Exercised
(2,819,924)5.14 
Canceled/Forfeited
(2,131)34.34 
Balance as of June 30, 202511,865,483 $35.99 7.36$1,359,543 
Vested as of June 30, 20255,617,433 $25.90 6.12$700,300 
Vested and expected to vest as of June 30, 202511,865,483 $35.99 7.36$1,359,543 
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:
Three months ended June 30,Six months ended June 30,
2025202420252024
Cost of revenue$204 $61 $421 $319 
Research and development56,663 29,944 109,273 346,458 
Sales and marketing10,198 6,875 20,336 67,665 
General and administrative22,005 27,386 44,454 227,332 
Stock-based compensation expense
$89,070 $64,266 $174,484 $641,774