Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Stock Option Grant Using Black-Scholes Option Pricing Model With Assumptions

The following table presents, on a weighted average basis, the assumptions used in the Black-Scholes option-pricing model to determine the grant-date fair value of options granted:

	Year Ended December 31,
	2021			2020
Fair value of common stock/shares	$	7.67		$	3.68
Risk-free interest rate		1.2	%		0.6	%
Expected volatility		27.3	%		27.0	%
Expected dividend yield		—			—
Expected term (in years)		9.3			8.1

Schedule of Stock Option Activity

The following table summarizes the Company’s option activity for the year ended December 31, 2021:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number			Exercise		Contractual		Intrinsic
	of Shares			Price		Term		Value
						(in years)		(in thousands)
Outstanding as of December 31, 2020		9,333,218		$	2.72		8.41	$	16,882
Granted		3,005,910			8.58
Exercised		(832,791	)		1.90
Forfeited		(1,684,158	)		3.86
Outstanding as of December 31, 2021		9,822,179		$	4.39		7.44	$	193,789
Options exercisable as of December 31, 2021		4,405,641		$	2.66		5.91	$	94,555

Summary of Restricted Stock Unit Activity

The following table summarizes the Company's restricted stock unit activity for the year ended December 31, 2021:

				Weighted
				Average
	Number			Grant Date
	of Shares			Fair Value
Outstanding as of December 31, 2020		—		$	—
Granted		377,363			26.42
Vested		(1,602	)		26.00
Forfeited		(38,856	)		26.09
Outstanding as of December 31, 2021		336,905		$	26.46

Summary of Stock Based Compensation Expense

Stock-based compensation expense is reflected on the consolidated statement of operations and comprehensive loss as follows (in thousands):

	Year Ended December 31,
	2021		2020
Cost of revenue	$	247	$	14
General and administrative		8,070		519
Selling and marketing		813		81
Research and development		338		27
Total	$	9,468	$	641