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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock-Based Compensation Expense
Stock-based compensation expense for restricted stock units (“RSUs”), performance-based restricted stock units (“PSUs”), stock options and purchase rights issued under our employee stock purchase plan was classified in the accompanying condensed consolidated statements of operations as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
 (in thousands)
Stock-based compensation expense:
Cost of revenue3,126 2,984 5,706 5,821 
Research and development8,597 11,634 16,163 22,139 
Sales and marketing7,512 8,138 14,359 15,981 
General and administrative8,174 8,939 16,074 17,127 
Total stock-based compensation expense$27,409 $31,695 $52,302 $61,068 
Summary of Restricted Stock and Restricted Stock Unit Activity RSUs and PSUs activity during the six months ended June 30, 2024 was as follows:
 Shares        Weighted-
Average Grant
Date Fair
Value
Unvested balance as of December 31, 20232,714,426 $63.02 
Granted2,101,535 $53.97 
Vested(781,389)$60.68 
Forfeited(389,590)$61.04 
Unvested balance as of June 30, 20243,644,982 $58.42 
Summary of Stock Option Activity Stock option activity during the six months ended June 30, 2024 was as follows:
Shares        Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual Life
(in years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding as of December 31, 2023716,270 $12.26 1.97$32,115 
Granted— — 
Exercised(120,322)$11.66 $4,667 
Forfeited/cancelled(450)$7.73 
Outstanding as of June 30, 2024595,498 $12.39 1.69$18,367 
Vested and exercisable as of June 30, 2024595,498 $12.39 1.69$22,146