v3.25.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2025
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, 2025:
Total RSUs and RSAsWeighted-
average grant
date fair
value
Unvested as of December 31, 202411,344,247 $37.67 
Granted1,323,695 $129.35 
Vested
(6,173,676)$46.37 
Canceled/Forfeited
(976,856)$46.87 
Unvested as of September 30, 20255,517,410 $53.32 
Summary of Stock Option Activity The following table summarizes the stock option activity during the nine months ended September 30, 2025:
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, 202414,687,538 $30.07 6.87$1,958,924 
Exercised
(3,416,770)6.00 
Canceled/Forfeited
(2,131)34.34 
Balance as of September 30, 202511,268,637 $37.36 7.29$2,170,640 
Vested as of September 30, 20255,480,337 $29.14 6.29$1,100,701 
Vested and expected to vest as of September 30, 202511,268,637 $37.36 7.29$2,170,640 
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,
2025202420252024
Cost of revenue$212 $70 $633 $389 
Research and development51,635 41,343 160,908 387,801 
Sales and marketing10,883 7,451 31,219 75,116 
General and administrative20,788 25,894 65,242 253,226 
Stock-based compensation expense
$83,518 $74,758 $258,002 $716,532