v3.24.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of RSU and RSA Activity The following table summarizes the RSU and RSA activity for the nine months ended September 30, 2024:
Service-
based
RSUs		RSAsMarket and Performance-
based
RSUs		Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 202325,406,057 87,030 1,393,446 26,886,533 $29.17 
Granted4,815,577 153,648 43,353 5,012,578 $49.80 
Vested
(15,381,261)(43,516)(1,351,867)(16,776,644)$29.41 
Canceled/Forfeited
(1,262,437)— (30,789)(1,293,226)$29.92 
Unvested as of September 30, 202413,577,936 197,162 54,143 13,829,241 $36.29 
Summary of Stock Option Activity The following table summarizes the stock option activity during the nine months ended September 30, 2024:
Outstanding
stock
options		Weighted-
average
exercise
price		Weighted-
average
remaining
contractual
life
(years)		Aggregate
intrinsic
value
(in thousands, except share, per share, and year data)
Balance as of December 31, 202329,795,909 $17.83 6.00$500,472 
Exercised
(11,047,254)5.70 
Canceled/Forfeited
(89,715)8.87 
Balance as of September 30, 202418,658,940 $25.06 6.17$798,086 
Vested as of September 30, 202410,950,664 $11.31 4.04$603 
Vested and expected to vest as of September 30, 202418,658,940 $25.06 6.17$798,086 
Summary of Components of Stock-Based Compensation Expense
The following table summarizes the components of stock-based compensation expense recognized in the consolidated statements of operations for all periods presented:
Three months ended September 30,Nine months ended September 30,
2024202320242023
(in thousands)
Cost of revenue$70 $19 $389 $82 
Research and development41,343 5,157 387,801 18,407 
Sales and marketing7,451 1,249 75,116 4,335 
General and administrative25,894 2,967 253,226 9,151 
Stock-based compensation expense
$74,758 $9,392 $716,532 $31,975