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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Weighted-average Assumptions to Determine Fair Value
The weighted-average assumptions utilized to determine the fair value of options granted to employees are presented in the following table:
Year Ended December 31,
202420232022
Expected volatility61.8 %63.1 %53.3 %
Weighted-average risk-free interest rate4.28 %3.75 %2.72 %
Expected dividend yield— — — 
Expected life – in years666
Schedule of Option Activity
A summary of the Company’s option activity as of December 31, 2024, and changes during the year then ended are as follows:
Number of OptionsWeighted-Average Exercise Price (per share)Weighted-Average Remaining Contractual Term (in years)
Outstanding at December 31, 2023
7,175,494 $7.02 7.78
Granted15,888 12.62 
Exercised(1,534,375)2.68 
Forfeited(390,844)9.21 
Outstanding at December 31, 2024
5,266,163 8.14 7.08
Options exercisable at December 31, 2024
3,424,709 7.036.56
Schedule of RSU Activity
A summary of RSU activity under the Company’s 2021 Plan for the year ended December 31, 2024 is as follows:
Number of SharesWeighted-Average Grant Date Fair ValueAggregate Fair Value
Unvested balance at January 1, 20242,571,318 $9.88 $25,405 
Granted3,474,700 12.69 44,094 
Vested(1,197,503)9.90 11,855 
Forfeited(325,016)10.04 3,263 
Unvested balance as of December 31, 20244,523,499$12.02 $54,372 
Schedule of PSU Activity
A summary of PSU activity under the Company’s 2021 Plan for the year ended December 31, 2024 is as follows:
Number of SharesWeighted-Average Grant Date Fair ValueAggregate Fair Value
Unvested balance at January 1, 20241,077,726 $11.61 $12,512 
Granted1,173,681 12.58 14,765 
Vested— — — 
Forfeited(99,474)10.05 1,000 
Unvested balance at December 31, 20242,151,933 $12.21 $26,275 
Schedule of Stock-based Compensation Expense The following table shows stock-based compensation expense by where the stock-based compensation expense is recorded by line item in the Company’s consolidated statements of operations:
For the Year Ended December 31,
202420232022
Cost of revenue$239 $130 $74 
Sales and marketing4,742 3,077 2,235 
Research and development5,906 2,213 1,123 
General and administrative17,112 9,917 3,961 
Total stock-based compensation$27,999 $15,337 $7,393