Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2025

Stock-Based Compensation

Schedule of stock option activity

	Stock Option
				Weighted Average
				Remaining
	Number of	Weighted Average		Contractual Life		Aggregate
	Options	Exercise Price		(Years)		Intrinsic Value
Outstanding as of December 31, 2024	9,371	$	17.49	5.93	$	57,646
Options granted	—		—
Options exercised	(105)		3.46
Options forfeited	(241)		32.00
Outstanding as of June 30, 2025	9,025	$	17.27	5.45	$	36,487
Options expected to vest as of June 30, 2025	974	$	26.27	7.35	$	—
Options exercisable as of June 30, 2025	8,033	$	16.16	5.21	$	36,487

Schedule of restricted stock activity

	RSUs
	Number of	Weighted Average
	Shares	Grant Date Fair Value
Outstanding as of December 31, 2024	5,485	$	28.71
Granted	7,112		14.11
Vested	(1,595)		24.85
Forfeited	(413)		24.23
Outstanding as of June 30, 2025	10,589	$	19.66

Schedule of PSUs activity

	PSUs
		Weighted
		Average Grant
	Number of	Date Fair
	Shares (1)	Value
Outstanding as of December 31, 2024	392	$	43.00
Granted	1,272		16.74
Vested	(85)		36.14
Forfeited	(13)		28.86
Outstanding as of June 30, 2025	1,566	$	22.16

⁽¹⁾ For awards for which the performance period is complete, the number of outstanding PSUs is based on the actual shares that will vest upon completion of the service period. For awards for which the performance period is not yet complete, the number of outstanding PSUs is based on the participants earning 100% of their target PSUs.

Schedule of stock-based compensation expense

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2025		2024		2025		2024
Product development	$	10,389	$	9,734	$	19,655	$	17,107
Sales, marketing and customer support		8,826		7,503		16,455		13,439
General and administrative		7,792		7,478		15,239		14,410
Total stock-based compensation	$	27,007	$	24,715	$	51,349	$	44,956

Performance share units (PSUs)

Stock-Based Compensation

Schedule of valuation assumptions

	2025
Risk‑free interest rate (percentage)	3.9
Expected dividend yield (percentage)	—
Expected volatility (percentage)	58.1