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COMMON STOCK AND STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Activity Related to Time-Based and Market-Based RSUs The following table summarizes the activity for the nine months ended September 30, 2025, which is the period we grant our company-wide annual refresh grants:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 202418,233,088 $15.20 
Granted6,069,501 49.04 
Vested(11,802,400)20.29 
Forfeited(1,789,742)24.84 
Unvested at September 30, 202510,710,447 $27.16 
Schedule of Activity Related to TradePMR RSUs The following table summarizes the activity for the nine months ended September 30, 2025:
Number of RSUsWeighted- average grant date fair value
Unvested at December 31, 2024— $— 
Issued2,049,711 48.85 
Vested— — 
Forfeited— — 
Unvested at September 30, 20252,049,711 $48.85 
Schedule of Share-Based Compensation
The following table presents SBC on our unaudited condensed consolidated statements of operations for the periods indicated:
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in millions)2024202520242025
Brokerage and transaction$2 $2 $7 $7 
Technology and development 48 40 144 123 
Operations 1 1 5 4 
Marketing3 2 6 6 
General and administrative25 33 65 89 
Total(1)
$79 $78 $227 $229 
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(1)For the three and nine months ended September 30, 2024, SBC expense primarily consisted of $76 million and $225 million related to Time-Based RSUs. For the same periods, SBC expense also consisted of an immaterial amount and negative $8 million related to Market-Based RSUs as a result of a reversal of $11 million of previously recognized expense related to unvested awards that were forfeited upon the resignation of our co-founder and former Chief Creative Officer. For the three and
nine months ended September 30, 2025, SBC expense primarily consisted of $75 million and $220 million related to Time-Based RSUs. All eligible to vest Market-Based RSUs have been fully expensed in 2024.