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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Summary of Stock Option Activity and Weighted Average Exercise Prices

The following table summarizes the Company’s stock option activity and weighted-average exercise prices:

 

 

 

Number Of

Options

Outstanding

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual

Life (in Years)

 

 

Aggregate

Intrinsic Value

(in thousands)

 

Balance outstanding—December 31, 2019

 

 

36,384,767

 

 

$

2.96

 

 

 

7.6

 

 

$

1,266,938

 

Options granted

 

 

14,600

 

 

 

41.19

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(7,555,561

)

 

 

1.64

 

 

 

 

 

 

 

 

 

Options forfeited or expired

 

 

(511,680

)

 

 

4.63

 

 

 

 

 

 

 

 

 

Balance outstanding—September 30, 2020

 

 

28,332,126

 

 

$

3.31

 

 

 

6.9

 

 

$

2,800,772

 

Summary of Activity for Unvested RSUs

The following table summarizes the activity for the Company’s unvested RSUs:

 

 

 

Shares

 

 

Weighted-

Average Fair

Value

 

Balance—December 31, 2019

 

 

647,094

 

 

$

36.08

 

Awarded

 

 

4,102,243

 

 

 

54.12

 

Vested

 

 

(8,234

)

 

 

35.81

 

Forfeited/canceled

 

 

(101,468

)

 

 

42.97

 

Unvested and outstanding—September 30, 2020

 

 

4,639,635

 

 

$

51.88

 

Summary of Stock-based Compensation Expense

Stock-based compensation expense was included in the condensed consolidated statement of operations as follows (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

529

 

 

$

161

 

 

$

1,167

 

 

$

372

 

Research and development

 

 

10,173

 

 

 

1,934

 

 

 

24,723

 

 

 

3,709

 

Sales and marketing

 

 

6,068

 

 

 

1,540

 

 

 

13,683

 

 

 

3,276

 

General and administrative

 

 

3,946

 

 

 

1,042

 

 

 

10,037

 

 

 

2,659

 

Stock-based compensation, net of amounts capitalized

 

 

20,716

 

 

 

4,677

 

 

 

49,610

 

 

 

10,016

 

Capitalized stock-based compensation expense

 

 

1,220

 

 

 

14

 

 

 

1,521

 

 

 

137

 

Total stock-based compensation expense

 

$

21,936

 

 

$

4,691

 

 

$

51,131

 

 

$

10,153