0001846069-25-000061 | 10-Q | XBRL Viewer

Print Document

Net Loss Per Share Attributable to Common Stockholders - Potentially Dilutive Securities Outstanding (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (in shares)	84,798	82,267
Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (in shares)	19,516	39,781
Unvested RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (in shares)	63,778	40,924
Shares issuable pursuant to the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities (in shares)	1,504	1,562

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Net Loss Per Share Attributable to Common Stockholders

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Net Loss Per Share Attributable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):


	Three Months Ended March 31,
	2025				2024
	Class A		Class B		Class A		Class B
Net loss attributable to common stockholders	$	(13,153)	$	(8,799)	$	(13,731)	$	(14,530)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	230,276		154,059		190,564		201,655
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.06)	$	(0.06)	$	(0.07)	$	(0.07)

The following potentially dilutive securities outstanding have been excluded from the computations of diluted net loss per share because such securities have an anti-dilutive impact due to losses reported (in thousands):


	As of March 31,
	2025	2024
Outstanding stock options	19,516	39,781
Unvested RSUs	63,778	40,924
Shares issuable pursuant to the ESPP	1,504	1,562
Total	84,798	82,267

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2025
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year ends on December 31. The condensed consolidated balance sheet as of December 31, 2024 included herein was derived from the audited financial statements as of that date. The Company has condensed or omitted certain information and note disclosures normally included in financial statements prepared in accordance with GAAP pursuant to the applicable required disclosures and regulations of the U.S. Securities and Exchange Commission (“SEC”). As such, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position, results of operations, and cash flows. The results for the interim periods presented are not necessarily indicative of the results to be expected for the full year ending December 31, 2025 or any other future interim or annual period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Estimates include, but are not limited to, valuation of financial instruments, valuation of stock-based awards, revenue recognition, collectability of accounts receivable, valuation of acquired intangible assets and goodwill, useful lives of intangible assets, useful lives of property and equipment, the incremental borrowing rate applied in lease accounting, income taxes and deferred income tax assets and associated valuation allowances. The Company bases these estimates and assumptions on historical experience and various other assumptions that it considers reasonable. The actual results could differ materially from these estimates.
Significant Accounting Policies and Recently Issued Accounting Pronouncements Not Yet Adopted	Significant Accounting Policies There have been no changes to the Company’s significant accounting policies disclosed in Note 2 to the consolidated financial statements described in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2024 that have had a material impact on the Company’s condensed consolidated financial statements and related notes. Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands income tax disclosures primarily related to an entity’s rate reconciliation and information on income taxes paid. The Company will be required to adopt this standard for the annual report period ending December 31, 2025. This guidance will be applied on a prospective basis with the option to apply the standard retrospectively. While the standard will require additional disclosures related to the Company’s income taxes, the Company does not expect this standard to have an impact on its financial statements. In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires incremental disclosures to disaggregate income statement expense items. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027 with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures.

Fair Value Measurements - Financial Instruments, Assets, and Liabilities Not Recorded at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Carrying Amount
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 15,000	$ 15,000
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	14,102	14,076
Fair Value \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	0	0
Fair Value \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	0	0
Fair Value \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Note receivable	$ 14,102	$ 14,076

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income tax expense	$ 141	$ 199

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.7)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Subparagraph (a)
-SubTopic 20
-Topic 740
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482659/740-20-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h))
-SubTopic 10
-Topic 235
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

+ Details

Description of Business (Details) neighborhood in Thousands	Mar. 31, 2025 neighborhood country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of neighborhoods served globally \| neighborhood	345
Number of countries served \| country	11

Cash Equivalents and Marketable Securities

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Cash Equivalents and Marketable Securities

The amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and marketable securities were as follows (in thousands):


	As of March 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	24,452	$	—	$	—	$	24,452
Corporate bonds	735		—		—		735

Total cash equivalents	25,187		—		—		25,187
Marketable securities:
Certificates of deposit	3,215		5		—		3,220
Commercial paper	11,301		15		—		11,316
Corporate bonds	272,159		784		(78)		272,865
U.S. Treasury securities	21,299		11		(41)		21,269

Asset-backed securities	51,746		140		(9)		51,877
Total marketable securities	359,720		955		(128)		360,547
Total	$	384,907	$	955	$	(128)	$	385,734


	As of December 31, 2024
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	17,198	$	—	$	—	$	17,198
Corporate bonds	1,994		—		—		1,994

Total cash equivalents	19,192		—		—		19,192
Marketable securities:
Certificates of deposit	3,631		2		(1)		3,632
Commercial paper	12,751		20		(1)		12,770
Corporate bonds	284,359		722		(216)		284,865
U.S. Treasury securities	42,519		3		(140)		42,382

Asset-backed securities	37,626		167		(13)		37,780
Total marketable securities	380,886		914		(371)		381,429
Total	$	400,078	$	914	$	(371)	$	400,621

All marketable securities are designated as available-for-sale securities as of March 31, 2025 and December 31, 2024.

The following table summarizes the fair value and gross unrealized losses aggregated by category and the length of time that individual securities have been in a continuous unrealized loss position.


	As of March 31, 2025
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss


Corporate bonds	52,903		(78)		—		—		52,903		(78)
U.S. Treasury securities	19,044		(41)		—		—		19,044		(41)

Asset-backed securities	9,400		(9)		25		—		9,425		(9)
Total	$	81,347	$	(128)	$	25	$	—	$	81,372	$	(128)


	As of December 31, 2024
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Certificates of deposit	$	1,229	$	(1)	$	—	$	—	$	1,229	$	(1)
Commercial paper	$	2,258	$	(1)	$	—	$	—	$	2,258	$	(1)
Corporate bonds	82,499		(216)		418		—		82,917		(216)
U.S. Treasury securities	34,286		(137)		5,494		(3)		39,780		(140)

Asset-backed securities	4,396		(13)		98		—		4,494		(13)
Total	$	124,668	$	(368)	$	6,010	$	(3)	$	130,678	$	(371)

The following tables present the contractual maturities of the Company’s marketable securities (in thousands):


	As of March 31, 2025
	Amortized Cost		Estimated Fair Value
Due within one year	$	147,525	$	147,712
Due after one to four years	212,195		212,835
Total	$	359,720	$	360,547


	As of December 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	171,990	$	172,333
Due after one to four years	208,896		209,096
Total	$	380,886	$	381,429

Segment and Geographical Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2025 USD ($) segment	Mar. 31, 2024 USD ($)
Revenue from Contract with Customer [Abstract]
Number of reportable segments \| segment	1
Number of operating segments \| segment	1
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 54,176	$ 53,146
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	51,901	49,899
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 2,275	$ 3,247

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Commitments and Contingencies - Narrative (Details) $ in Millions				12 Months Ended
	Dec. 06, 2024 complaint	Oct. 28, 2024 complaint	Jun. 29, 2022 USD ($)	Dec. 31, 2024 USD ($) disbursement	Mar. 31, 2025 USD ($)
Opportunity Finance Network
Other Commitments [Line Items]
Loans agreement, maximum lending capacity			$ 15.0		$ 15.0
Loan agreement, lending grand, terms (in months)			24 months
Fixed interest rate (as percent)			0.75%
Loan agreement, terms (in years)			10 years
Number of loan disbursement \| disbursement				1
Loan disbursement				$ 7.5
Pending Litigation \| Class Action Litigation
Other Commitments [Line Items]
Number of class action complaints \| complaint	2	2

Fair Value Measurements - Narrative (Details) - Fair Value, Recurring - USD ($)	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	$ 385,734,000	$ 400,621,000
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets	0	0
Financial liabilities	$ 0	$ 0

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2025	May 05, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	001-40246
Entity Registrant Name	Nextdoor Holdings, Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1776836
Entity Address, Address Line One	420 Taylor Street
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94102
City Area Code	415
Local Phone Number	344-0333
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	KIND
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Entity Central Index Key	0001846069
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		234,706,942
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		147,881,514

Common Stock and Stockholders’ Equity - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2025	Jun. 30, 2024	Dec. 31, 2024
Number of Options
Beginning balance (in shares)	21,011,000
Options granted (in shares)	0
Options exercised (in shares)	(703,000)
Options forfeited or expired (in shares)	(792,000)
Ending balance (in shares)	19,516,000
Exercisable (in shares)	18,084,000
Vested or expected to vest (in shares)	19,516,000
Weighted Average Exercise Price
Beginning balance (in USD per share)	$ 2.71
Options granted (in USD per share)	0
Options exercised (in USD per share)	2.26
Options forfeited and expired (in USD per share)	2.25
Ending balance (in USD per share)	2.75
Exercisable (in USD per share)	2.76
Vested or expected to vest (in USD per share)	$ 2.75
Additional Disclosures
Options outstanding, weighted average remaining contractual term (years)	4 years 4 months 24 days	4 years 8 months 12 days
Exercisable, weighted average remaining contractual term (years)	4 years 2 months 12 days
Vested or expected to vest (years)	4 years 4 months 24 days
Options outstanding, aggregate intrinsic value	$ 199		$ 3,326
Exercisable, aggregate intrinsic value	187
Vested or expected to vest, aggregate intrinsic value	$ 199

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2025
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) and include the accounts of the Company and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company’s fiscal year ends on December 31. The condensed consolidated balance sheet as of December 31, 2024 included herein was derived from the audited financial statements as of that date. The Company has condensed or omitted certain information and note disclosures normally included in financial statements prepared in accordance with GAAP pursuant to the applicable required disclosures and regulations of the U.S. Securities and Exchange Commission (“SEC”). As such, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. In management’s opinion, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the Company’s financial position, results of operations, and cash flows. The results for the interim periods presented are not necessarily indicative of the results to be expected for the full year ending December 31, 2025 or any other future interim or annual period. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited condensed consolidated financial statements and accompanying notes. Estimates include, but are not limited to, valuation of financial instruments, valuation of stock-based awards, revenue recognition, collectability of accounts receivable, valuation of acquired intangible assets and goodwill, useful lives of intangible assets, useful lives of property and equipment, the incremental borrowing rate applied in lease accounting, income taxes and deferred income tax assets and associated valuation allowances. The Company bases these estimates and assumptions on historical experience and various other assumptions that it considers reasonable. The actual results could differ materially from these estimates. Significant Accounting Policies There have been no changes to the Company’s significant accounting policies disclosed in Note 2 to the consolidated financial statements described in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2024 that have had a material impact on the Company’s condensed consolidated financial statements and related notes. Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands income tax disclosures primarily related to an entity’s rate reconciliation and information on income taxes paid. The Company will be required to adopt this standard for the annual report period ending December 31, 2025. This guidance will be applied on a prospective basis with the option to apply the standard retrospectively. While the standard will require additional disclosures related to the Company’s income taxes, the Company does not expect this standard to have an impact on its financial statements. In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires incremental disclosures to disaggregate income statement expense items. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027 with early adoption permitted. The Company is currently evaluating the impact of this standard on its consolidated financial statements and related disclosures.

Cash Equivalents and Marketable Securities - Schedule of Gross Unrealized Losses For Available-For-Sale of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value	$ 81,347	$ 124,668
Less than 12 Months , Gross Unrealized Loss	(128)	(368)
12 Months or Greater , Fair Value	25	6,010
12 Months or Greater , Gross Unrealized Loss	0	(3)
Fair Value	81,372	130,678
Gross Unrealized Loss	(128)	(371)
Certificates of deposit
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value		1,229
Less than 12 Months , Gross Unrealized Loss		(1)
12 Months or Greater , Fair Value		0
12 Months or Greater , Gross Unrealized Loss		0
Fair Value		1,229
Gross Unrealized Loss		(1)
Commercial paper
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value		2,258
Less than 12 Months , Gross Unrealized Loss		(1)
12 Months or Greater , Fair Value		0
12 Months or Greater , Gross Unrealized Loss		0
Fair Value		2,258
Gross Unrealized Loss		(1)
Corporate bonds
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value	52,903	82,499
Less than 12 Months , Gross Unrealized Loss	(78)	(216)
12 Months or Greater , Fair Value	0	418
12 Months or Greater , Gross Unrealized Loss	0	0
Fair Value	52,903	82,917
Gross Unrealized Loss	(78)	(216)
U.S. Treasury securities
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value	19,044	34,286
Less than 12 Months , Gross Unrealized Loss	(41)	(137)
12 Months or Greater , Fair Value	0	5,494
12 Months or Greater , Gross Unrealized Loss	0	(3)
Fair Value	19,044	39,780
Gross Unrealized Loss	(41)	(140)
Asset-backed securities
Cash and Cash Equivalents [Line Items]
Less than 12 Months , Fair Value	9,400	4,396
Less than 12 Months , Gross Unrealized Loss	(9)	(13)
12 Months or Greater , Fair Value	25	98
12 Months or Greater , Gross Unrealized Loss	0	0
Fair Value	9,425	4,494
Gross Unrealized Loss	$ (9)	$ (13)

Common Stock and Stockholders’ Equity - Narrative (Details) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended
	Mar. 07, 2025 USD ($) shares	Apr. 03, 2024 USD ($) shares	Nov. 30, 2021 shares	Mar. 31, 2025 USD ($) award $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Feb. 21, 2024 USD ($)	May 31, 2022 USD ($)
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Options granted (in shares) \| shares				0
Options granted, weighted average grant date fair value (in USD per share) \| $ / shares					$ 1.10
Intrinsic value of options exercised \| $				$ 300	$ 1,600
Stock-based compensation \| $				17,091	$ 19,506
Unrecognized stock-based compensation expense \| $				$ 117,600
Unrecognized stock-based compensation expense, expected period of recognition (in years)				2 years 1 month 6 days
Class A Common Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Common stock purchased (in shares) \| shares				4,720,415	4,448,423
Stock repurchase program, authorized amount \| $							$ 100,000
Stock repurchase program, authorized increase amount \| $						$ 150,000
Common stock retired (in shares) \| shares				4,720,415	4,448,423
Average cost per share (in USD per share) \| $ / shares				$ 1.92	$ 2.19
Common stock retired, amount \| $				$ 9,100	$ 9,800
Stock repurchase program, remaining authorized repurchase amount \| $				$ 88,200
Outstanding stock options
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Minimum threshold of voting power (as a percent)				10.00%
Minimum proportion of fair market value of stock options granted to grantees that own more than 10% of voting power (as a percent)				110.00%
Expiration period (in years)				10 years
Awards granted during period (in shares) \| shares				29,908,000
Outstanding stock options \| Minimum
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)				2 years
Outstanding stock options \| Maximum
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)				3 years
Stock Options - Grantees Owning >10% of Voting Power
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Expiration period (in years)				5 years
Unvested RSUs \| Class A Common Stock \| Minimum
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)				2 years
Unvested RSUs \| Class A Common Stock \| Maximum
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)				3 years
Market-Based Performance Stock Unit \| CEO
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-based compensation \| $				$ 1,200
Market-Based Performance Stock Unit \| Class A Common Stock \| CEO
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Vesting period (in years)		4 years
Awards granted during period (in shares) \| shares	700,000	5,000,000.0
Number of awards \| award				2
The 2021 Plan
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance (in shares) \| shares				46,008,885
Increase in number of stock available for grant as a proportion of common stock outstanding (as a percent)				5.00%
The 2021 Plan \| Class A Common Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Common stock purchased (in shares) \| shares				408,404	407,298
The 2021 Plan \| Stock Options \| Class A Common Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance (in shares) \| shares			8,901,159
ESPP, purchase price as proportion of common stock price (as a percent)			85.00%
The 2021 Plan \| Stock Options \| Class B Common Stock
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Shares reserved for issuance (in shares) \| shares			89,011,590
Increase in number of stock available for grant as a proportion of common stock outstanding (as a percent)			1.00%
The 2021 Plan \| Market-Based Performance Stock Unit \| CEO
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Grant date fair value \| $	$ 1,000	$ 9,300

Common Stock and Stockholders’ Equity - Fair Value Assumptions (Details) - Market-based PSUs	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	66.50%	0.00%
Expected term (in years)	4 years 10 months 24 days
Risk-free interest rate	4.10%	0.00%
Expected dividend yield	0.00%	0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Cash Equivalents and Marketable Securities - Maturities of Marketable Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Amortized Cost
Due within one year	$ 147,525	$ 171,990
Due after one to four years	212,195	208,896
Total	359,720	380,886
Estimated Fair Value
Due within one year	147,712	172,333
Due after one to four years	212,835	209,096
Total	$ 360,547	$ 381,429

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Accounts receivable, allowance for credit loss	$ 297	$ 451
Class A Common Stock
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	2,500,000,000	2,500,000,000
Common stock issued (in shares)	235,007,000	224,488,000
Common stock outstanding (in shares)	235,007,000	224,488,000
Class B Common Stock
Common stock, par value (in USD per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	500,000,000	500,000,000
Common stock issued (in shares)	147,882,000	158,134,000
Common stock outstanding (in shares)	147,882,000	158,134,000

Fair Value Measurements

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

The Company’s financial assets and liabilities measured at fair value on a recurring basis are classified by level within the fair value hierarchy. There were no financial assets or liabilities measured using Level 3 inputs as of March 31, 2025 and December 31, 2024.

The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis (in thousands):


	As of March 31, 2025
	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	24,452	$	—	$	24,452
Corporate bonds	—		735		735

Total cash equivalents	24,452		735		25,187
Marketable securities:
Certificates of deposit	—		3,220		3,220
Commercial paper	—		11,316		11,316
Corporate bonds	—		272,865		272,865
U.S. Treasury securities	—		21,269		21,269

Asset-backed securities	—		51,877		51,877
Total marketable securities	—		360,547		360,547
Total cash equivalents and marketable securities	$	24,452	$	361,282	$	385,734


	As of December 31, 2024
	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	17,198	$	—	$	17,198
Corporate bonds	—		1,994		1,994

Total cash equivalents	17,198		1,994		19,192
Marketable securities:
Certificates of deposit	—		3,632		3,632
Commercial paper	—		12,770		12,770
Corporate bonds	—		284,865		284,865
U.S. Treasury securities	—		42,382		42,382

Asset-backed securities	—		37,780		37,780
Total marketable securities	—		381,429		381,429
Total cash equivalents and marketable securities	$	17,198	$	383,423	$	400,621

The Company classifies its cash equivalents and marketable securities within Level 1 or Level 2 because it determines their fair values using quoted market prices or alternative pricing sources and models utilizing market observable inputs. There were no transfers between levels of the fair value hierarchy during the periods presented.

Assets and Liabilities Measured at Fair Value on a Recurring Basis

The carrying amounts of certain financial instruments, including cash held in banks, accounts receivable, and accounts payable approximate fair value due to their short-term maturities and are excluded from the fair value table above.

Financial Instruments, Assets, and Liabilities Not Recorded at Fair Value

The following table presents the fair value of assets not recorded at fair value (in thousands):


	As of March 31, 2025
	Carrying Amount		Level 1		Level 2		Level 3		Fair Value
Assets
Note receivable	$	15,000	$	—	$	—	$	14,102	$	14,102


	As of December 31, 2024
	Carrying Amount		Level 1		Level 2		Level 3		Fair Value
Assets
Note receivable	$	15,000	$	—	$	—	$	14,076	$	14,076

As of March 31, 2025 and December 31, 2024, there were no other financial instruments or liabilities that were not recorded at fair value.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value on Recurring Basis

The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis (in thousands):


	As of March 31, 2025
	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	24,452	$	—	$	24,452
Corporate bonds	—		735		735

Total cash equivalents	24,452		735		25,187
Marketable securities:
Certificates of deposit	—		3,220		3,220
Commercial paper	—		11,316		11,316
Corporate bonds	—		272,865		272,865
U.S. Treasury securities	—		21,269		21,269

Asset-backed securities	—		51,877		51,877
Total marketable securities	—		360,547		360,547
Total cash equivalents and marketable securities	$	24,452	$	361,282	$	385,734


	As of December 31, 2024
	Level 1		Level 2		Total
Cash equivalents:
Money market funds	$	17,198	$	—	$	17,198
Corporate bonds	—		1,994		1,994

Total cash equivalents	17,198		1,994		19,192
Marketable securities:
Certificates of deposit	—		3,632		3,632
Commercial paper	—		12,770		12,770
Corporate bonds	—		284,865		284,865
U.S. Treasury securities	—		42,382		42,382

Asset-backed securities	—		37,780		37,780
Total marketable securities	—		381,429		381,429
Total cash equivalents and marketable securities	$	17,198	$	383,423	$	400,621

Schedule of Financial Instruments, Assets, and Liabilities Not Recorded at Fair Value

The following table presents the fair value of assets not recorded at fair value (in thousands):


	As of March 31, 2025
	Carrying Amount		Level 1		Level 2		Level 3		Fair Value
Assets
Note receivable	$	15,000	$	—	$	—	$	14,102	$	14,102


	As of December 31, 2024
	Carrying Amount		Level 1		Level 2		Level 3		Fair Value
Assets
Note receivable	$	15,000	$	—	$	—	$	14,076	$	14,076

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Statement of Comprehensive Income [Abstract]
Net loss	$ (21,952)	$ (28,261)
Other comprehensive income (loss):
Foreign currency translation adjustments	3	67
Change in unrealized gain (loss) on available-for-sale marketable securities	284	(851)
Total other comprehensive income (loss)	287	(784)
Comprehensive loss	$ (21,665)	$ (29,045)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Net Loss Per Share Attributable to Common Stockholders - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	384,335	392,219
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	384,335	392,219
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ (0.06)	$ (0.07)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ (0.06)	$ (0.07)
Class A Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss attributable to common stockholders, basic	$ (13,153)	$ (13,731)
Net loss attributable to common stockholders, diluted	$ (13,153)	$ (13,731)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	230,276	190,564
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	230,276	190,564
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ (0.06)	$ (0.07)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ (0.06)	$ (0.07)
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net loss attributable to common stockholders, basic	$ (8,799)	$ (14,530)
Net loss attributable to common stockholders, diluted	$ (8,799)	$ (14,530)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	154,059	201,655
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	154,059	201,655
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ (0.06)	$ (0.07)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ (0.06)	$ (0.07)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SAB Topic 6.B)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-11

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

+ Details

- Definition

Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders.

+ References + Details

Net Loss Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):


	Three Months Ended March 31,
	2025				2024
	Class A		Class B		Class A		Class B
Net loss attributable to common stockholders	$	(13,153)	$	(8,799)	$	(13,731)	$	(14,530)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic and diluted	230,276		154,059		190,564		201,655
Net loss per share attributable to Class A and Class B common stockholders, basic and diluted	$	(0.06)	$	(0.06)	$	(0.07)	$	(0.07)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	As of March 31,
	2025	2024
Outstanding stock options	19,516	39,781
Unvested RSUs	63,778	40,924
Shares issuable pursuant to the ESPP	1,504	1,562
Total	84,798	82,267

Deferred Revenue

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Deferred Revenue

In certain advertising arrangements the Company requires payment upfront from its customers. The Company records deferred revenue when it collects cash from customers in advance of revenue recognition. As of March 31, 2025 and December 31, 2024, deferred revenue was $6.9 million and $6.8 million, respectively, and included within accrued expenses and other current liabilities on the condensed consolidated balance sheets. For the three months ended March 31, 2025 and 2024, revenue recognized from deferred revenue at the beginning of each period was $2.7 million and $1.1 million, respectively.

Segment and Geographical Information

The Company has one reportable and operating segment. The Company’s Chief Operating Decision Maker is its CEO, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance, and allocating resources. Net loss is the Company’s primary measure of profit or loss and cost of revenue, research and development, sales and marketing, and general and administrative expenses are considered significant segment expenses and are reflected in the consolidated statement of operations. Other segment items included in consolidated net loss are interest income, other income (expense), net and the provision for income taxes, which are also reflected in the consolidated statements of operations.

Revenue disaggregated by geography based on the customers’ location was as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
United States	$	51,901	$	49,899
International	2,275		3,247
Total	$	54,176	$	53,146

Substantially all of the Company’s long-lived assets are located in the United States.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Deferred Revenue (Details) - USD ($) $ in Millions	3 Months Ended
Deferred Revenue (Details) - USD ($) $ in Millions	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 6.9		$ 6.8
Revenue recognized from contract with customer	$ 2.7	$ 1.1

Segment and Geographical Information (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Geography

Revenue disaggregated by geography based on the customers’ location was as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
United States	$	51,901	$	49,899
International	2,275		3,247
Total	$	54,176	$	53,146

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal matters In addition to the litigation discussed below, from time to time, the Company is a party to a variety of claims, lawsuits, and proceedings which arise in the ordinary course of business, including claims of alleged infringement of intellectual property rights. The Company records a liability when it believes that it is probable that a loss will be incurred and the amount of loss or range of loss can be reasonably estimated. The Company discloses potential losses when they are reasonably possible. In the Company’s opinion, resolution of such pending matters is not likely to have a material adverse impact on its consolidated results of operations, cash flows, or its financial position. Given the unpredictable nature of legal proceedings, the Company bases its estimate on the information available at the time of the assessment. As additional information becomes available, the Company reassesses the potential liability and may revise the estimate. The matter discussed below summarizes the Company’s current significant ongoing pending legal proceedings. Securities and Derivative Litigation In February 2024, a securities class action complaint was filed against the Company and certain of its former executive officers (collectively, the “Defendants”) in the U.S. District Court for the Northern District of California. The lawsuit alleges that Defendants violated the Securities Exchange Act of 1934, as amended, by making materially false and misleading statements about the Company’s business and prospects for future growth in the period between July 6, 2021 and November 8, 2022. Motions for lead plaintiff were filed on April 29, 2024 and the court appointed a lead plaintiff on July 12, 2024. The lead plaintiff filed the amended complaint on September 10, 2024. The Company filed a Motion to Dismiss on November 12, 2024. The plaintiff filed an opposition to the Motion to Dismiss on January 14, 2025 and the Company filed its reply brief on February 13, 2025. A hearing was initially scheduled for March 20, 2025, but the court took the motion under submission without oral argument. On July 26, 2024, a purported shareholder derivative complaint was filed in the U.S. District Court for the Northern District of California. The complaint names as defendants certain of the Company’s former and current officers and directors, as well as the Company as nominal defendant, and asserts state and federal claims based on some of the same alleged misstatements as the securities class action complaint described above. The complaint seeks unspecified damages, attorneys’ fees, and other costs. The lawsuit is currently stayed. On April 3, 2025, the court referred the derivative action to the magistrate judge for discovery, which does not impact the current stay. The Company intends to vigorously defend against the claims in these actions. Given the procedural posture and the nature of such litigation matters, the Company is currently unable to estimate the reasonably possible loss or range of loss, if any, that may result from these matters. Any litigation is inherently uncertain, and any judgment or injunctive relief entered against the Company or any adverse settlement could materially and adversely impact its business, results of operations, financial condition, and prospects. Class Action Litigation On October 28, 2024 and October 29, 2024, two class action complaints were filed in the Delaware Court of Chancery against the Company, certain of the Company’s former officers, certain of the former officers and directors of the special purpose acquisition company KVSB into which the Company merged on November 5, 2021, the sponsor of the Company’s special purpose acquisition merger Khosla Ventures SPAC Sponsor II LLC (the “Sponsor”), and certain entities allegedly related to the Sponsor. The two complaints were consolidated on December 6, 2024 and the plaintiffs filed a consolidated complaint on December 26, 2024. The consolidated complaint is brought on behalf of a class of KVSB stockholders who could have, but did not, choose to redeem their KVSB shares in connection with the November 5, 2021 merger between KVSB and the Company. The consolidated complaint alleges that defendants breached various duties to KVSB stockholders by making false or misleading statements and/or aided and abetted such breaches. The consolidated complaint also alleges claims for unjust enrichment. The consolidated complaint seeks damages, disgorgement, attorneys’ fees, and other costs. Defendants answered the consolidated complaint on February 10, 2025, following which discovery commenced. The Company intends to vigorously defend against the claims in these actions. Given the procedural posture and the nature of such litigation matters, the Company is currently unable to estimate the reasonably possible loss or range of loss, if any, that may result from these matters. Any litigation is inherently uncertain, and any judgment or injunctive relief entered against the Company or any adverse settlement could materially and adversely impact its business, results of operations, financial condition, and prospects. Indemnification In the ordinary course of business, the Company often includes standard indemnification provisions in its arrangements with its customers, partners, suppliers, and vendors. Pursuant to these provisions, the Company may be obligated to indemnify such parties for losses or claims suffered or incurred in connection with its service, breach of representations or covenants, intellectual property infringement, or other claims made against such parties. These provisions may limit the time within which an indemnification claim can be made. It is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement. For the three months ended March 31, 2025 and 2024, the Company did not incur material costs to defend lawsuits or settle claims related to these indemnifications. The Company believes the fair value of these liabilities is not material and accordingly has no liabilities recorded for these agreements as of March 31, 2025 and December 31, 2024. Opportunity Finance Network Loan Agreement On June 29, 2022, the Company entered into a credit agreement with Opportunity Finance Network (“OFN”) to lend up to an aggregate of $15.0 million, unsecured, over the course of 24 months. OFN is a national network of community development financial institutions (“CDFIs”). OFN will use the loan proceeds to make low-cost, fixed-rate loans to OFN-member CDFIs that on-lend those loan proceeds to fund affordable housing, community facilities, small businesses, nonprofit organizations, consumer finance, and other eligible financing extended by such CDFIs. Each disbursement made by the Company will bear interest at a rate of 0.75% per annum and will be due quarterly from OFN. The outstanding principal, plus any accrued and unpaid interest, for each disbursement becomes due and payable 10 years following the disbursement date. During the year ended December 31, 2024, the Company made one final loan disbursement of $7.5 million. As of March 31, 2025, the note receivable from OFN totaled $15.0 million and is recorded under other assets on the condensed consolidated balance sheets.

Common Stock and Stockholders’ Equity - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	$ 17,091	$ 19,506
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	745	709
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	9,188	10,007
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	2,472	3,352
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Stock-Based Compensation Expense	$ 4,686	$ 5,438

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Class A Common Stock	Class B Common Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance at beginning of period (in shares) at Dec. 31, 2023				186,415	201,960
Balance at beginning of period at Dec. 31, 2023	$ 558,557			$ 19	$ 20	$ 1,323,595	$ 943	$ (766,020)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units (in shares)				4,242
Tax withholdings on release of restricted stock units	(1,261)					(1,261)
Repurchase of common stock (in shares)				(4,448)
Repurchase of common stock	(9,751)					(9,751)
Conversion from Class B to Class A common stock (in shares)				(709)	(709)
Conversion from Class B to Class A common stock	0				$ 0
Issuance of common stock upon exercise of stock options (in shares)				2,306
Issuance of common stock upon exercise of stock options	2,830					2,830
Issuance of common stock under employee stock purchase plan (in shares)				407
Issuance of common stock under employee stock purchase plan	606					606
Stock-based compensation	19,506					19,506
Other comprehensive income	(784)						(784)
Net loss	(28,261)							(28,261)
Balance at end of period (in shares) at Mar. 31, 2024				189,631	201,251
Balance at end of period at Mar. 31, 2024	541,442			$ 19	$ 20	1,335,525	159	(794,281)
Balance at beginning of period (in shares) at Dec. 31, 2024		224,488	158,134	224,488	158,134
Balance at beginning of period at Dec. 31, 2024	453,488			$ 22	$ 16	1,316,616	917	(864,083)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Release of restricted stock units (in shares)				3,875
Tax withholdings on release of restricted stock units	(6,019)					(6,019)
Repurchase of common stock (in shares)				(4,720)
Repurchase of common stock	(9,130)					(9,130)
Conversion from Class B to Class A common stock (in shares)				(10,252)	(10,252)
Conversion from Class B to Class A common stock	$ 0			$ 1	$ (1)
Issuance of common stock upon exercise of stock options (in shares)	703			703
Issuance of common stock upon exercise of stock options	$ 1,591					1,591
Issuance of common stock under employee stock purchase plan (in shares)				409
Issuance of common stock under employee stock purchase plan	713					713
Stock-based compensation	17,091					17,091
Other comprehensive income	287						287
Net loss	(21,952)							(21,952)
Balance at end of period (in shares) at Mar. 31, 2025		235,007	147,882	235,007	147,882
Balance at end of period at Mar. 31, 2025	$ 436,069			$ 23	$ 15	$ 1,320,862	$ 1,204	$ (886,035)

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Pay vs Performance Disclosure
Net loss	$ (21,952)	$ (28,261)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 57,338	$ 45,550
Marketable securities	360,547	381,429
Accounts receivable, net of allowance of $297 and $451 as of March 31, 2025 and December 31, 2024, respectively	21,556	31,173
Prepaid expenses and other current assets	12,355	8,540
Total current assets	451,796	466,692
Restricted cash, non-current	8,460	11,171
Property and equipment, net	2,285	2,748
Operating lease right-of-use assets	13,753	14,447
Intangible assets, net	205	257
Goodwill	1,211	1,211
Other assets	17,252	17,427
Total assets	494,962	513,953
Current liabilities:
Accounts payable	1,033	249
Operating lease liabilities, current	8,724	8,495
Accrued expenses and other current liabilities	18,861	19,200
Total current liabilities	28,618	27,944
Operating lease liabilities, non-current	29,993	32,251
Other liabilities, non-current	282	270
Total liabilities	58,893	60,465
Commitments and contingencies (Note 6)
Stockholders’ equity:
Additional paid-in capital	1,320,862	1,316,616
Accumulated other comprehensive income	1,204	917
Accumulated deficit	(886,035)	(864,083)
Total stockholders’ equity	436,069	453,488
Total liabilities and stockholders’ equity	494,962	513,953
Class A Common Stock
Stockholders’ equity:
Common stock	23	22
Class B Common Stock
Stockholders’ equity:
Common stock	$ 15	$ 16

Fair Value Measurements - Financial Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 25,187	$ 19,192
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	24,452	17,198
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	735	1,994
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	25,187	19,192
Marketable securities	360,547	381,429
Total cash equivalents and marketable securities	385,734	400,621
Fair Value, Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	3,220	3,632
Fair Value, Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	11,316	12,770
Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	272,865	284,865
Fair Value, Recurring \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	21,269	42,382
Fair Value, Recurring \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	51,877	37,780
Fair Value, Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	24,452	17,198
Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	735	1,994
Level 1 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	24,452	17,198
Marketable securities	0	0
Total cash equivalents and marketable securities	24,452	17,198
Level 1 \| Fair Value, Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Fair Value, Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Fair Value, Recurring \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Fair Value, Recurring \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Level 1 \| Fair Value, Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	24,452	17,198
Level 1 \| Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 \| Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	735	1,994
Marketable securities	360,547	381,429
Total cash equivalents and marketable securities	361,282	383,423
Level 2 \| Fair Value, Recurring \| Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	3,220	3,632
Level 2 \| Fair Value, Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	11,316	12,770
Level 2 \| Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	272,865	284,865
Level 2 \| Fair Value, Recurring \| U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	21,269	42,382
Level 2 \| Fair Value, Recurring \| Asset-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	51,877	37,780
Level 2 \| Fair Value, Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Level 2 \| Fair Value, Recurring \| Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 735	$ 1,994

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities
Net loss	$ (21,952)	$ (28,261)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	544	1,387
Stock-based compensation	17,091	19,506
Accretion of investments	(725)	(1,878)
Other	122	347
Changes in operating assets and liabilities:
Accounts receivable, net	9,807	191
Prepaid expenses and other assets	(3,640)	(1,731)
Operating lease right-of-use assets	694	1,180
Accounts payable	784	226
Operating lease liabilities	(2,029)	(1,472)
Accrued expenses and other liabilities	(328)	(3,122)
Net cash provided by (used in) operating activities	368	(13,627)
Cash flows from investing activities
Purchases of property and equipment	(28)	(20)
Purchases of marketable securities	(79,381)	(52,637)
Sales of marketable securities	62,454	28,770
Maturities of marketable securities	38,506	67,277
Loan to Opportunity Finance Network	0	(7,500)
Net cash provided by investing activities	21,551	35,890
Cash flows from financing activities
Proceeds from exercise of stock options	1,591	2,830
Proceeds from issuance of common stock under employee stock purchase plan	713	606
Tax withholdings on release of restricted stock units	(6,019)	(1,261)
Repurchase of common stock	(9,130)	(9,751)
Prepayment under share repurchase program	0	(5,317)
Net cash used in financing activities	(12,845)	(12,893)
Effect of exchange rate changes on cash and cash equivalents	3	67
Net increase in cash, cash equivalents, and restricted cash	9,077	9,437
Cash, cash equivalents, and restricted cash at beginning of period	56,721	71,404
Cash, cash equivalents, and restricted cash at end of period	65,798	80,841
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents	57,338	69,670
Restricted cash, non-current	8,460	11,171
Total cash, cash equivalents, and restricted cash	$ 65,798	$ 80,841

Common Stock and Stockholders’ Equity - Restricted Stock Units (Details) - Restricted Stock Units shares in Thousands	3 Months Ended
	Mar. 31, 2025 $ / shares shares
Number of Shares
Beginning balance (in shares) \| shares	42,891
RSUs granted (in shares) \| shares	29,908
RSUs vested (in shares) \| shares	(6,289)
RSUs forfeited (in shares) \| shares	(2,732)
Ending balance (in shares) \| shares	63,778
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) \| $ / shares	$ 2.37
RSUs granted (in USD per share) \| $ / shares	1.77
RSUs vested (in USD per share) \| $ / shares	2.44
RSUs forfeited (in USD per share) \| $ / shares	2.40
Ending balance (in USD per share) \| $ / shares	$ 2.08

Cash Equivalents and Marketable Securities - Amortized Cost, Unrealized Gains and Losses, and Estimated Fair Values (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Cash equivalents:
Amortized Cost	$ 25,187	$ 19,192
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	25,187	19,192
Marketable securities:
Amortized Cost	359,720	380,886
Unrealized Gain	955	914
Unrealized Loss	(128)	(371)
Estimated Fair Value	360,547	381,429
Total
Amortized Cost	384,907	400,078
Unrealized Gain	955	914
Unrealized Loss	(128)	(371)
Estimated Fair Value	385,734	400,621
Certificates of deposit
Marketable securities:
Amortized Cost	3,215	3,631
Unrealized Gain	5	2
Unrealized Loss	0	(1)
Estimated Fair Value	3,220	3,632
Commercial paper
Marketable securities:
Amortized Cost	11,301	12,751
Unrealized Gain	15	20
Unrealized Loss	0	(1)
Estimated Fair Value	11,316	12,770
Corporate bonds
Marketable securities:
Amortized Cost	272,159	284,359
Unrealized Gain	784	722
Unrealized Loss	(78)	(216)
Estimated Fair Value	272,865	284,865
U.S. Treasury securities
Marketable securities:
Amortized Cost	21,299	42,519
Unrealized Gain	11	3
Unrealized Loss	(41)	(140)
Estimated Fair Value	21,269	42,382
Asset-backed securities
Marketable securities:
Amortized Cost	51,746	37,626
Unrealized Gain	140	167
Unrealized Loss	(9)	(13)
Estimated Fair Value	51,877	37,780
Money market funds
Cash equivalents:
Amortized Cost	24,452	17,198
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	24,452	17,198
Corporate bonds
Cash equivalents:
Amortized Cost	735	1,994
Unrealized Gain	0	0
Unrealized Loss	0	0
Estimated Fair Value	$ 735	$ 1,994

Segment and Geographical Information

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Segment and Geographical Information

Deferred Revenue

Segment and Geographical Information

Revenue disaggregated by geography based on the customers’ location was as follows (in thousands):


	Three Months Ended March 31,
	2025		2024
United States	$	51,901	$	49,899
International	2,275		3,247
Total	$	54,176	$	53,146

Substantially all of the Company’s long-lived assets are located in the United States.

- Definition

+ References

+ Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2025
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s provision for income taxes for interim periods was determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arose during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company’s quarterly tax provision, and estimate of its annual effective tax rate, is subject to variation due to several factors, including variability in pretax income or loss, the mix of jurisdictions to which such income or loss relates, tax law developments and changes in how the Company does business, such as acquisitions, intercompany transactions, or the Company’s corporate structure. The Company recorded an income tax expense for the three months ended March 31, 2025 and 2024 of $0.1 million and $0.2 million, respectively, both of which were primarily related to foreign taxes.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Revenue	$ 54,176	$ 53,146
Costs and expenses:
Cost of revenue	9,447	9,978
Research and development	33,494	31,319
Sales and marketing	22,112	29,872
General and administrative	16,136	16,726
Total costs and expenses	81,189	87,895
Loss from operations	(27,013)	(34,749)
Interest income	4,982	6,846
Other income (expense), net	220	(159)
Loss before income taxes	(21,811)	(28,062)
Provision for income taxes	141	199
Net loss	$ (21,952)	$ (28,261)
Net loss per share attributable to Class A and Class B common stockholders, basic (in USD per share)	$ (0.06)	$ (0.07)
Net loss per share attributable to Class A and Class B common stockholders, diluted (in USD per share)	$ (0.06)	$ (0.07)
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, basic (in shares)	384,335	392,219
Weighted average shares used in computing net loss per share attributable to Class A and Class B common stockholders, diluted (in shares)	384,335	392,219

Description of Business	3 Months Ended
Description of Business	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Nextdoor Holdings, Inc. (“Nextdoor” or the “Company”) is headquartered in San Francisco, California. Nextdoor is the essential neighborhood network. Neighbors, public agencies and businesses use Nextdoor to connect around local information that matters in more than 345,000 neighborhoods globally, across 11 countries. On November 5, 2021 (the “Closing”), the Company consummated the transactions contemplated by the Agreement and Plan of Merger, dated July 6, 2021, as amended on September 30, 2021, by and among Khosla Ventures Acquisition Co. II (“KVSB”), a special purpose acquisition company, Lorelei Merger Sub Inc., and Nextdoor, Inc. (“Legacy Nextdoor”), with Legacy Nextdoor surviving as a wholly owned subsidiary of KVSB (the “Merger” and, collectively with the other transactions that occurred in connection with the Merger, the “Reverse Recapitalization”). In connection with the Closing, KVSB was renamed to Nextdoor Holdings, Inc.

Common Stock and Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Schedule of Stock Option Activity

A summary of the Company’s stock option activity for the three months ended March 31, 2025 and related information is as follows (in thousands, except per share data):


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	21,011	$	2.71	4.7	$	3,326
Options granted	—	$	—
Options exercised	(703)	$	2.26
Options forfeited or expired	(792)	$	2.25
Outstanding at March 31, 2025	19,516	$	2.75	4.4	$	199
Exercisable at March 31, 2025	18,084	$	2.76	4.2	$	187
Vested or expected to vest at March 31, 2025	19,516	$	2.75	4.4	$	199

Schedule of Restricted Stock Unit Activity

A summary of the Company’s RSU activity for the three months ended March 31, 2025 and related information is as follows (in thousands, except per share data):


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested at December 31, 2024	42,891	$	2.37
RSUs granted	29,908	$	1.77
RSUs vested	(6,289)	$	2.44
RSUs forfeited	(2,732)	$	2.40
Unvested at March 31, 2025	63,778	$	2.08

Schedule of Assumptions Used to Calculate Fair Value

The following assumptions were used to calculate the fair value of market-based PSUs made during the following periods:


	Three Months Ended March 31,
	2025	2024







Expected volatility	66.5%	—
Expected term (in years)	4.9	—
Risk-free interest rate	4.1%	—
Expected dividend yield	—	—

Schedule of Stock-based Compensation Expense

The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended March 31,
	2025		2024

Cost of revenue	$	745	$	709
Research and development	9,188		10,007
Sales and marketing	2,472		3,352
General and administrative	4,686		5,438
Total	$	17,091	$	19,506

Common Stock and Stockholders’ Equity

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Common Stock and Stockholders’ Equity

Equity Incentive Plans

2021 Equity Incentive Plan

In November 2021, the Company’s Board of Directors and stockholders approved the Company’s 2021 Equity Incentive Plan (the “2021 Plan”) as a successor to the 2018 Equity Incentive Plan (the “2018 Plan”), with the purpose of granting stock-based awards to employees, directors, officers, and consultants, including stock options, restricted stock awards, and restricted stock units (“RSUs”).

The Company initially reserved for issuance under the 2021 Plan (a) 46,008,885 shares of Class A common stock, plus (b) shares that are subject to issuance upon exercise of options granted under the 2018 Plan prior to the Closing but which, after the Closing, cease to be subject to the option for any reason other than exercise of the option, (c) shares that are subject to awards granted under the 2018 Plan prior to the Closing that, after the Closing, are forfeited or are repurchased by the Company at the original issue price, (d) shares that are subject to awards granted under the 2018 Plan prior to the Closing that, after the Closing, otherwise terminate without such shares being issued, and (e) shares that, after the Closing, are used to pay the exercise price of a stock option issued under the 2018 Plan prior to the Closing or are withheld to satisfy the tax withholding obligations related to any award issued under the 2018 Plan prior to the Closing. The number of shares available for grant and issuance under the 2021 Plan will increase automatically on January 1 of each of 2022 through 2031 by the number of shares equal to the lesser of (i) five percent (5%) of the number of shares (rounded down to the nearest whole share) of Class A common stock and Class B common stock issued and outstanding on each December 31 immediately prior to the date of increase, or (ii) such number of shares determined by the Company’s Board of Directors.

2021 Employee Stock Purchase Plan

In November 2021, the Company’s Board of Directors and stockholders approved the Company’s 2021 Employee Stock Purchase Plan (the “2021 ESPP”). Over a series of offering periods, each of which may consist of one or more purchase periods, eligible employees will be offered the option to purchase shares of Class A common stock at 85% of the lesser of the fair market value of Class A common stock on (i) the first business day of the applicable offering period and (ii) the date of purchase. Under the 2021 ESPP, the Company initially reserved 8,901,159 shares of Class A common stock for issuance, and the aggregate number of shares reserved will increase automatically on January 1 of each of 2022 through 2031 by the number of shares equal to the lesser of (i) one

percent (1%) of the total number of outstanding shares of Class A common stock and Class B common stock as of the immediately preceding December 31, or (ii) a number of shares as may be determined by the Company’s Board of Directors. The aggregate number of shares issued over the term of the 2021 ESPP, subject to adjustments for stock-splits, recapitalizations, or similar events, may not exceed 89,011,590 shares. In February 2022, the Company commenced its first offering period under the 2021 ESPP. During the three months ended March 31, 2025 and 2024, 408,404 and 407,298 shares of Class A common stock were purchased under the 2021 ESPP, respectively.

Share Repurchase Program

On May 31, 2022, the Company’s Board of Directors authorized and approved a share repurchase program (the “Share Repurchase Program”) to repurchase up to $100.0 million in aggregate of the Company’s Class A common stock, with the authorization to expire on June 30, 2024. Repurchases of Class A common stock under the Share Repurchase Program may be made from time to time, on the open market, in privately negotiated transactions or by other methods, and in accordance with the limitations set forth in Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended, and other applicable legal requirements. The timing of any repurchases will depend on market conditions and other investment opportunities, and will be made at the Company’s discretion. The Share Repurchase Program does not obligate the Company to repurchase any dollar amount or number of shares, and the program may be extended, modified, suspended, or discontinued at any time. On February 21, 2024, the Company’s Board of Directors authorized and approved an increase of $150.0 million to the Share Repurchase Program and extended the expiration date to March 31, 2026.

When the Company repurchases shares under the Share Repurchase Program, it reduces the common stock component of stockholders’ equity by the par value of the repurchased shares. The excess of the repurchase price over par value is recorded to additional paid-in capital. All repurchased shares are retired and become authorized and unissued shares.

During the three months ended March 31, 2025, the Company repurchased and retired 4,720,415 shares of its Class A common stock at an average purchase price of $1.92 per share for an aggregate repurchase price of $9.1 million. During the three months ended March 31, 2024, the Company repurchased and retired 4,448,423 shares of its Class A common stock at an average purchase price of $2.19 per share for an aggregate repurchase price of $9.8 million. As of March 31, 2025, the Company had $88.2 million available for future share repurchases under the Share Repurchase Program.

Stock Options and RSUs

The Company may grant options to acquire shares of Class A common stock to employees, directors, officers, and consultants at a price not less than the fair market value of the shares at the date of grant. Options granted to a person who, at the time of the grant, owns more than 10% of the voting power of all classes of stock shall be at no less than 110% of the fair market value and expire five years from the date of grant. All other options generally have a contractual term of ten years. Options granted generally vest on a monthly basis over two to three years. RSUs granted for Class A common stock generally vest on a quarterly basis over two to three years.

A summary of the Company’s stock option activity for the three months ended March 31, 2025 and related information is as follows (in thousands, except per share data):


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	21,011	$	2.71	4.7	$	3,326
Options granted	—	$	—
Options exercised	(703)	$	2.26
Options forfeited or expired	(792)	$	2.25
Outstanding at March 31, 2025	19,516	$	2.75	4.4	$	199
Exercisable at March 31, 2025	18,084	$	2.76	4.2	$	187
Vested or expected to vest at March 31, 2025	19,516	$	2.75	4.4	$	199

The intrinsic value is calculated as the difference between the exercise price of the underlying common stock option award and the fair value of the Company’s common stock as of the respective balance sheet date. No options were granted during the three months ended March 31, 2025. The weighted average grant date fair value of options granted was $1.10 per share during the three months ended March 31, 2024.

The intrinsic value of the options exercised was $0.3 million and $1.6 million for the three months ended March 31, 2025 and 2024, respectively.

A summary of the Company’s RSU activity for the three months ended March 31, 2025 and related information is as follows (in thousands, except per share data):


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested at December 31, 2024	42,891	$	2.37
RSUs granted	29,908	$	1.77
RSUs vested	(6,289)	$	2.44
RSUs forfeited	(2,732)	$	2.40
Unvested at March 31, 2025	63,778	$	2.08

Market-based PSUs

On March 7, 2025, the Company granted its Chief Executive Officer a market-based performance stock unit (“PSU”) award of approximately 0.7 million shares of the Company’s Class A common stock (“2025 PSU”), and on April 3, 2024, the Company granted its Chief Executive Officer a similar market-based PSU award of approximately 5.0 million shares of Class A common stock (“2024 PSU”). For both awards, the PSUs will vest based on stock price targets achieved over a four-year period, and any PSUs that have not vested at the end of the applicable performance period will be forfeited. Vesting is subject to the grantee’s continuous employment with the Company as Chief Executive Officer or Executive Chair, as well as other customary provisions pursuant to the Company’s 2021 Plan. The grant date fair value of the 2025 PSU was $1.0 million and the grant date fair value of the 2024 PSU was $9.3 million, each calculated using a Monte Carlo simulation model and recognized over the respective derived service periods using the graded-vesting method. Compensation cost is not adjusted in future periods for subsequent changes in the expected outcome of market-related conditions. For the three months ended March 31, 2025, the Company recognized $1.2 million of stock-based compensation expense in connection with these two awards.

Valuation Assumptions

The following assumptions were used to calculate the fair value of market-based PSUs made during the following periods:


	Three Months Ended March 31,
	2025	2024







Expected volatility	66.5%	—
Expected term (in years)	4.9	—
Risk-free interest rate	4.1%	—
Expected dividend yield	—	—

Stock-Based Compensation

The Company recorded stock-based compensation expense in the condensed consolidated statements of operations as follows (in thousands):


	Three Months Ended March 31,
	2025		2024

Cost of revenue	$	745	$	709
Research and development	9,188		10,007
Sales and marketing	2,472		3,352
General and administrative	4,686		5,438
Total	$	17,091	$	19,506

As of March 31, 2025, there was $117.6 million of unrecognized stock-based compensation expense, which is expected to be recognized over a weighted average period of 2.1 years.

Cash Equivalents and Marketable Securities (Tables)

3 Months Ended

Mar. 31, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Cash and Cash Equivalents

The amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and marketable securities were as follows (in thousands):


	As of March 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	24,452	$	—	$	—	$	24,452
Corporate bonds	735		—		—		735

Total cash equivalents	25,187		—		—		25,187
Marketable securities:
Certificates of deposit	3,215		5		—		3,220
Commercial paper	11,301		15		—		11,316
Corporate bonds	272,159		784		(78)		272,865
U.S. Treasury securities	21,299		11		(41)		21,269

Asset-backed securities	51,746		140		(9)		51,877
Total marketable securities	359,720		955		(128)		360,547
Total	$	384,907	$	955	$	(128)	$	385,734


	As of December 31, 2024
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	17,198	$	—	$	—	$	17,198
Corporate bonds	1,994		—		—		1,994

Total cash equivalents	19,192		—		—		19,192
Marketable securities:
Certificates of deposit	3,631		2		(1)		3,632
Commercial paper	12,751		20		(1)		12,770
Corporate bonds	284,359		722		(216)		284,865
U.S. Treasury securities	42,519		3		(140)		42,382

Asset-backed securities	37,626		167		(13)		37,780
Total marketable securities	380,886		914		(371)		381,429
Total	$	400,078	$	914	$	(371)	$	400,621

Schedule of Marketable Securities

The amortized costs, unrealized gains and losses, and estimated fair values of the Company’s cash equivalents and marketable securities were as follows (in thousands):


	As of March 31, 2025
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	24,452	$	—	$	—	$	24,452
Corporate bonds	735		—		—		735

Total cash equivalents	25,187		—		—		25,187
Marketable securities:
Certificates of deposit	3,215		5		—		3,220
Commercial paper	11,301		15		—		11,316
Corporate bonds	272,159		784		(78)		272,865
U.S. Treasury securities	21,299		11		(41)		21,269

Asset-backed securities	51,746		140		(9)		51,877
Total marketable securities	359,720		955		(128)		360,547
Total	$	384,907	$	955	$	(128)	$	385,734


	As of December 31, 2024
	Amortized Cost		Unrealized Gain		Unrealized Loss		Estimated Fair Value
Cash equivalents:
Money market funds	$	17,198	$	—	$	—	$	17,198
Corporate bonds	1,994		—		—		1,994

Total cash equivalents	19,192		—		—		19,192
Marketable securities:
Certificates of deposit	3,631		2		(1)		3,632
Commercial paper	12,751		20		(1)		12,770
Corporate bonds	284,359		722		(216)		284,865
U.S. Treasury securities	42,519		3		(140)		42,382

Asset-backed securities	37,626		167		(13)		37,780
Total marketable securities	380,886		914		(371)		381,429
Total	$	400,078	$	914	$	(371)	$	400,621

Schedule of Available-For-Sale of Securities

The following table summarizes the fair value and gross unrealized losses aggregated by category and the length of time that individual securities have been in a continuous unrealized loss position.


	As of March 31, 2025
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss


Corporate bonds	52,903		(78)		—		—		52,903		(78)
U.S. Treasury securities	19,044		(41)		—		—		19,044		(41)

Asset-backed securities	9,400		(9)		25		—		9,425		(9)
Total	$	81,347	$	(128)	$	25	$	—	$	81,372	$	(128)


	As of December 31, 2024
	Less than 12 Months				12 Months or Greater				Total
	Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss		Fair Value		Gross Unrealized Loss
Certificates of deposit	$	1,229	$	(1)	$	—	$	—	$	1,229	$	(1)
Commercial paper	$	2,258	$	(1)	$	—	$	—	$	2,258	$	(1)
Corporate bonds	82,499		(216)		418		—		82,917		(216)
U.S. Treasury securities	34,286		(137)		5,494		(3)		39,780		(140)

Asset-backed securities	4,396		(13)		98		—		4,494		(13)
Total	$	124,668	$	(368)	$	6,010	$	(3)	$	130,678	$	(371)

Schedule of Investments Classified by Contractual Maturity Date

The following tables present the contractual maturities of the Company’s marketable securities (in thousands):


	As of March 31, 2025
	Amortized Cost		Estimated Fair Value
Due within one year	$	147,525	$	147,712
Due after one to four years	212,195		212,835
Total	$	359,720	$	360,547


	As of December 31, 2024
	Amortized Cost		Estimated Fair Value
Due within one year	$	171,990	$	172,333
Due after one to four years	208,896		209,096
Total	$	380,886	$	381,429

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details