Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The table below summarizes the Company’s stock option activity:

(in thousands of USD, except unit price)	Number of Options			Weighted- Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value
Balance as of January 1, 2024		10,883,310		$	14.18		5.78	$	75,758
Granted		241,920			22.45
Forfeited		(66,060	)		16.89
Balance as of June 30, 2024		11,059,170		$	14.35		5.36	$	100,674
Options vested and expected to vest as of June 30, 2024		10,881,977			14.24		5.13		100,304
Options exercisable as of June 30, 2024		7,580,085			11.16		4.44		88,407

Summary of RSU Activity

The table below summarizes the Company’s RSU activity:

(in thousands of USD, except unit price)	Number of RSUs			Weighted Average Grant-Date Fair Value
Balance as of January 1, 2024		509,192		$	20.34
Granted		2,651,265			22.50
Vested		(449,890	)		20.34
Balance as of June 30, 2024		2,710,567		$	22.46

Summary of Compensation Expenses for All Stock-Based Payment Arrangements

The following table presents the effects of stock-based compensation in the Condensed Consolidated Statements of Operations and Comprehensive Loss:

	Three Months Ended				Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands of USD)				(in thousands of USD)
Cost of revenue	$	5,324	$	266	$	5,617	$	602
Marketing		640		101		755		213
General and administrative expenses		49,096		1,555		51,284		4,866
Total	$	55,060	$	1,922	$	57,656	$	5,681