Q2 (QTWO) 10-Q 31 Jul 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-36350
Entity Registrant Name	Q2 Holdings, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-2706637
Entity Address, Address Line One	10355 Pecan Park Boulevard
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78729
City Area Code	833
Local Phone Number	444-3469
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	QTWO
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Smaller Reporting Company	false
Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		60,283,172
Entity Central Index Key	0001410384
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 303,823	$ 229,655
Restricted cash	2,517	3,977
Investments	68,227	94,353
Accounts receivable, net	59,435	42,899
Contract assets, current portion, net	8,776	9,193
Prepaid expenses and other current assets	12,535	11,625
Deferred solution and other costs, current portion	26,657	27,521
Deferred implementation costs, current portion	9,413	8,741
Total current assets	491,383	427,964
Property and equipment, net	35,491	41,178
Right of use assets	33,411	35,453
Deferred solution and other costs, net of current portion	30,094	26,090
Deferred implementation costs, net of current portion	23,151	21,480
Intangible assets, net	108,402	121,572
Goodwill	512,869	512,869
Contract assets, net of current portion and allowance	11,238	12,210
Other long-term assets	2,985	2,609
Total assets	1,249,024	1,201,425
Current liabilities:
Accounts payable	14,249	19,353
Accrued liabilities	20,339	16,471
Accrued compensation	21,360	26,580
Deferred revenues, current portion	134,361	118,723
Lease liabilities, current portion	10,895	10,436
Total current liabilities	201,204	191,563
Convertible notes, net of current portion	491,456	490,464
Deferred revenues, net of current portion	24,334	17,350
Lease liabilities, net of current portion	41,771	45,588
Other long-term liabilities	9,594	7,981
Total liabilities	768,359	752,946
Commitments and contingencies (Note 8)
Stockholders' equity:
Preferred stock: $0.0001 par value; 5,000 shares authorized, no shares issued or outstanding as of June 30, 2024 and December 31, 2023	0	0
Common stock: $0.0001 par value; 150,000 shares authorized, 60,283 issued and outstanding as of June 30, 2024 and 59,031 shares issued and outstanding as of December 31, 2023	6	6
Additional paid-in capital	1,134,462	1,075,278
Accumulated other comprehensive loss	(1,206)	(1,111)
Accumulated deficit	(652,597)	(625,694)
Total stockholders' equity	480,665	448,479
Total liabilities and stockholders' equity	$ 1,249,024	$ 1,201,425

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	150,000,000	150,000,000
Common stock, shares issued (in shares)	60,283,000	59,031,000
Common stock, shares outstanding (in shares)	60,283,000	59,031,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenues	$ 172,890	$ 154,531	$ 338,398	$ 307,539
Cost of revenues	86,063	80,703	169,319	160,414
Gross profit	86,827	73,828	169,079	147,125
Operating expenses:
Sales and marketing	27,733	28,701	53,178	56,845
Research and development	35,759	34,096	70,621	68,521
General and administrative	31,283	27,127	61,459	51,819
Transaction-related costs	0	9	0	21
Amortization of acquired intangibles	4,788	5,252	9,616	10,514
Lease and other restructuring charges	967	2,312	2,093	4,273
Total operating expenses	100,530	97,497	196,967	191,993
Loss from operations	(13,703)	(23,669)	(27,888)	(44,868)
Other income (expense):
Interest and other income	3,852	2,107	7,041	4,383
Interest and other expense	(1,120)	(1,581)	(2,412)	(3,025)
Gain on extinguishment of debt	0	0	0	19,869
Total other income (expense), net	2,732	526	4,629	21,227
Loss before income taxes	(10,971)	(23,143)	(23,259)	(23,641)
Provision for income taxes	(2,089)	(479)	(3,644)	(497)
Net loss	(13,060)	(23,622)	(26,903)	(24,138)
Other comprehensive income (loss):
Unrealized gain (loss) on available-for-sale investments	51	(174)	177	862
Foreign currency translation adjustment	49	180	(272)	163
Comprehensive loss	$ (12,960)	$ (23,616)	$ (26,998)	$ (23,113)
Net loss per common share, basic (usd per share)	$ (0.22)	$ (0.41)	$ (0.45)	$ (0.42)
Net loss per common share, diluted (usd per share)	$ (0.22)	$ (0.41)	$ (0.45)	$ (0.42)
Weighted average common shares outstanding, basic and diluted
Weighted-average common shares outstanding, basic (in shares)	60,162	58,286	59,804	58,087
Weighted-average common shares outstanding, diluted (in shares)	60,162	58,286	59,804	58,087

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common stock and additional paid-in capital:	Accumulated deficit:	Accumulated other comprehensive income (loss):	Common stock
Beginning balances at Dec. 31, 2022	$ 419,024	$ 982,306	$ (560,310)	$ (2,972)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense		41,424
Exercise of stock options		474
Issuance of common stock under ESPP		3,459
Settlement of capped calls		139
Net loss	(24,138)		(24,138)
Other comprehensive income (loss)				1,025
Ending balances at Jun. 30, 2023	441,407	1,027,802	(584,448)	(1,947)
Common stock, beginning balance (in shares) at Dec. 31, 2022					57,735
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)					19
Issuance of common stock under ESPP (in shares)					146
Shares issued for the vesting of restricted stock awards (in shares)					547
Common stock, ending balance (in shares) at Jun. 30, 2023					58,447
Beginning balances at Mar. 31, 2023	439,101	1,001,880	(560,826)	(1,953)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense		22,079
Exercise of stock options		384
Issuance of common stock under ESPP		3,459
Settlement of capped calls		0
Net loss	(23,622)		(23,622)
Other comprehensive income (loss)				6
Ending balances at Jun. 30, 2023	441,407	1,027,802	(584,448)	(1,947)
Common stock, beginning balance (in shares) at Mar. 31, 2023					58,198
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)					15
Issuance of common stock under ESPP (in shares)					146
Shares issued for the vesting of restricted stock awards (in shares)					88
Common stock, ending balance (in shares) at Jun. 30, 2023					58,447
Beginning balances at Dec. 31, 2023	448,479	1,075,284	(625,694)	(1,111)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense		47,736
Exercise of stock options		8,404
Issuance of common stock under ESPP		3,044
Settlement of capped calls		0
Net loss	(26,903)		(26,903)
Other comprehensive income (loss)				(95)
Ending balances at Jun. 30, 2024	$ 480,665	1,134,468	(652,597)	(1,206)
Common stock, beginning balance (in shares) at Dec. 31, 2023	59,031				59,031
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)					234
Issuance of common stock under ESPP (in shares)					95
Shares issued for the vesting of restricted stock awards (in shares)					923
Common stock, ending balance (in shares) at Jun. 30, 2024	60,283				60,283
Beginning balances at Mar. 31, 2024	$ 464,971	1,105,814	(639,537)	(1,306)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense		25,610
Exercise of stock options		0
Issuance of common stock under ESPP		3,044
Settlement of capped calls		0
Net loss	(13,060)		(13,060)
Other comprehensive income (loss)				100
Ending balances at Jun. 30, 2024	$ 480,665	$ 1,134,468	$ (652,597)	$ (1,206)
Common stock, beginning balance (in shares) at Mar. 31, 2024					60,099
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)					0
Issuance of common stock under ESPP (in shares)					95
Shares issued for the vesting of restricted stock awards (in shares)					89
Common stock, ending balance (in shares) at Jun. 30, 2024	60,283				60,283

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (13,060)	$ (23,622)	$ (26,903)	$ (24,138)
Adjustments to reconcile net loss to net cash from operating activities:
Amortization of deferred implementation, solution and other costs			13,115	12,447
Depreciation and amortization			35,168	35,478
Amortization of debt issuance costs			991	1,113
Amortization of premiums and discounts on investments			(443)	(1,781)
Stock-based compensation expense			45,132	38,710
Deferred income taxes			944	(556)
Gain on extinguishment of debt			0	(19,312)
Lease impairments			717	1,731
Other non-cash items			(221)	312
Changes in operating assets and liabilities:
Accounts receivable, net			(16,416)	8,185
Prepaid expenses and other current assets			(941)	(1,095)
Deferred solution and other costs			(9,504)	(11,678)
Deferred implementation costs			(8,050)	(7,715)
Contract assets, net			1,388	2,167
Other long-term assets			2,570	3,201
Accounts payable			(5,224)	4,267
Accrued liabilities			(1,674)	(10,694)
Deferred revenues			22,626	(8,017)
Deferred rent and other long-term liabilities			(3,809)	(5,663)
Net cash provided by operating activities			49,466	16,962
Cash flows from investing activities:
Purchases of investments			(33,523)	(69,385)
Maturities of investments			60,268	143,669
Purchases of property and equipment			(2,856)	(3,294)
Capitalized software development costs			(11,835)	(13,127)
Net cash provided by investing activities			12,054	57,863
Cash flows from financing activities:
Payment for maturity of 2023 convertible notes			0	(10,908)
Payment for repurchases of convertible notes			0	(149,640)
Proceeds from capped calls related to convertible notes			0	139
Proceeds from the exercise of stock options and ESPP			11,448	3,933
Net cash provided by (used in) financing activities			11,448	(156,476)
Effect of exchange rate changes on cash, cash equivalents and restricted cash			(260)	276
Net increase (decrease) in cash, cash equivalents and restricted cash			72,708	(81,375)
Cash, cash equivalents and restricted cash, beginning of period			233,632	201,902	$ 201,902
Cash, cash equivalents and restricted cash, end of period	$ 306,340	$ 120,527	306,340	120,527	$ 233,632
Supplemental disclosure of non-cash investing and financing activities:
Property and equipment acquired and included in accounts payable and accrued liabilities			521	309
Stock-based compensation for capitalized software development			$ 1,540	$ 1,625

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Q2 Holdings, Inc. and its wholly-owned subsidiaries, collectively the Company, is a leading provider of digital banking and lending solutions to financial institutions, financial technology companies, or FinTechs, and alternative finance companies, or Alt-FIs, wishing to incorporate banking into their customer engagement and servicing strategies. The Company's solutions transform the ways in which its customers engage with account holders and end users, or End Users, enabling them to deliver robust suites of digital banking, digital lending and relationship pricing, and banking-as-a-service, or BaaS, services that make it possible for account holders and End Users to transact and engage anytime, anywhere and on any device. The Company delivers its solutions to the substantial majority of its customers using a software-as-a-service, or SaaS, model under which its customers pay subscription fees for the use of the Company's solutions. The Company was incorporated in Delaware in March 2005 and is a holding company that owns 100% of the outstanding capital stock of Q2 Software, Inc. The Company's headquarters are located in Austin, Texas.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation These interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, or GAAP, and Securities and Exchange Commission, or SEC, requirements for interim financial statements. The interim unaudited condensed consolidated financial statements include the accounts of Q2 Holdings, Inc. and its direct and indirect wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. In the Company's opinion, the interim unaudited condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting of normal, recurring adjustments, necessary for a fair presentation. Certain information and disclosures normally included in the notes to the annual consolidated financial statements prepared in accordance with GAAP have been omitted from these interim unaudited condensed consolidated financial statements pursuant to the rules and regulations of the SEC. Accordingly, these interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the accompanying notes for the fiscal year ended December 31, 2023, which are included in the Company's Annual Report on Form 10-K, filed with the SEC on February 21, 2024. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any other period. Use of Estimates The preparation of the interim unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the interim unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses. Significant items subject to such estimates include: revenue recognition; estimate of credit losses; fair value of certain stock awards issued; the carrying value of goodwill; the fair value of acquired intangibles; the useful lives of property and equipment and long-lived intangible assets; the impairment assessment of long-lived assets; and income taxes. In accordance with GAAP, management bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from those estimates. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash, investments, accounts receivable and contract assets. The Company's cash and cash equivalents, restricted cash and investments are placed with high credit quality financial institutions and issuers, and at times may exceed federally insured limits. The Company has not experienced any loss relating to cash and cash equivalents or restricted cash in these accounts. The Company provides credit, in the normal course of business, to a majority of its customers. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral. No individual customer accounted for 10% or more of revenues for each of the three and six months ended June 30, 2024 and 2023. No customer accounted for 10% or more of accounts receivable, net as of June 30, 2024 and December 31, 2023. Summary of Significant Accounting Policies There were no material changes to our significant accounting policies during the six months ended June 30, 2024 compared to the significant accounting policies described in our Form 10-K. Basic and Diluted Net Loss per Common Share The following table sets forth the computations of net loss per share for the periods listed: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (13,060) $ (23,622) $ (26,903) $ (24,138) Denominator: Weighted-average common shares outstanding, basic and diluted 60,162 58,286 59,804 58,087 Net loss per common share, basic and diluted $ (0.22) $ (0.41) $ (0.45) $ (0.42) Due to net losses for the three and six months ended June 30, 2024 and 2023, basic and diluted loss per share were the same, as the effect of all potentially dilutive securities would have been anti-dilutive. The dilutive impact of the convertible senior notes was calculated using the if-converted method. The following table sets forth the anti-dilutive common share equivalents for the periods listed: As of June 30, 2024 2023 Stock options, restricted stock units, market stock units and performance stock units 5,296 5,342 Shares issuable pursuant to the ESPP 68 124 Shares related to convertible notes 4,794 5,296 10,158 10,762 Recent Accounting Pronouncements In November 2023, the Financial Accounting Standard Board, or FASB, issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The ASU is effective for fiscal years beginning after December 15, 2023 on a retrospective basis, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvement to Income Tax Disclosures" which requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Revenue Recognition Revenues are recognized when control of the promised goods or services is transferred to the Company's customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services over the term of the agreement, generally when the Company's solutions are implemented and made available to the customers. The promised consideration may include fixed amounts, variable amounts or both. Revenues are recognized net of sales credits and allowances. Disaggregation of Revenue Revenue-generating activities are directly related to the sale, implementation and support of the Company's solutions within a single operating segment. The Company derives the majority of its revenues from subscription fees for the use of its solutions hosted in either the Company's data centers or with cloud-based service providers, transactional revenue from bill-pay solutions, revenues for professional services and implementation services related to the Company's solutions and certain third-party related pass-through fees. The following table disaggregates the Company's revenue by major source: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Subscription $ 136,064 $ 116,001 $ 266,421 $ 231,190 Transactional 17,079 17,035 34,130 33,296 Services and Other 19,747 21,495 37,847 43,053 Total Revenues $ 172,890 $ 154,531 $ 338,398 $ 307,539 Deferred Revenues The net increase in the deferred revenue balance for the six months ended June 30, 2024 was primarily driven by the amounts due from customers in advance of satisfying the Company's performance obligations of $362.4 million for current year invoices, partially offset by the recognition of $248.3 million of revenue recognized from current year invoices, $90.1 million of revenue that was included in the deferred revenue balance as of December 31, 2023 and $1.4 million from the netting of contract assets and liabilities on a contract-by-contract basis. Amounts recognized from deferred revenues represent primarily revenue from the sale of subscription and implementation services. Remaining Performance Obligations On June 30, 2024, the Company had $1.96 billion of remaining performance obligations, which represents contracted revenue minimums that have not yet been recognized, including amounts that will be invoiced and recognized as revenue in future periods. The Company expects to recognize approximately 53% of its remaining performance obligations as revenue in the next 24 months, an additional 32% in the next 25 to 48 months, and the balance thereafter. Allowance for Credit Losses The Company is exposed to credit losses primarily through sales of products and services. The Company assesses the collectability of outstanding contract assets on an ongoing basis and maintains a reserve which is included in the allowance for credit losses for contract assets deemed uncollectible. The Company analyzes the contract assets portfolio for significant risks by considering historical collection experience and forecasting future collectability to determine the amount of revenues that will ultimately be collected from its customers. Customer type (whether a customer is a financial institution or other digital solution provider) has been identified as the primary specific risk affecting the Company's contract assets, and the estimate for losses is analyzed quarterly and adjusted as necessary. Future collectability may be impacted by current and anticipated macroeconomic conditions that could impact the Company's customers. Additionally, specific allowance amounts may be established to record the appropriate provision for customers that have a higher probability of default. No amounts were provisioned by the Company for expected losses for either of the six months ended June 30, 2024 or 2023, and no charges were taken against the allowance at either June 30, 2024 or 2023. The allowance for credit losses related to contract assets was $0.03 million at both June 30, 2024 and December 31, 2023. The Company assesses the collectability of outstanding accounts receivable on an ongoing basis and maintains an allowance for credit losses for accounts receivable deemed uncollectible. The Company analyzes the accounts receivable portfolio for significant risks and considers prior periods and forecasts future collectability to determine the amount of revenues that will ultimately be collected from its customers. This estimate is analyzed quarterly and adjusted as necessary. Identified risks pertaining to the Company's accounts receivable include the delinquency level and customer type. Future collectability may be impacted by current and anticipated macroeconomic conditions that could impact the Company's customers. Due to the short-term nature of such receivables, the estimate of the amount of accounts receivable that may not be collected is based on aging of the accounts receivable balances and the financial condition of customers. Historically, the Company's collection experience has not varied significantly, and bad debt expenses have been insignificant. No amounts were provisioned by the Company for expected losses for either of the six months ended June 30, 2024 or 2023, and no charges were taken against the allowance at either June 30, 2024 or 2023. During the six months ended June 30, 2024, the C ompany decreased the allowance by less than $0.1 million . The allowance for credit losses related to accounts receivable was $0.4 million and $0.5 million at June 30, 2024 and December 31, 2023, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The carrying values of the Company's financial assets not measured at fair value on a recurring basis, principally accounts receivable, restricted cash and accounts payable, approximated their fair values due to the short period of time to maturity or repayment. Fair value is defined as the exchange price that would be received for an asset or an exit price paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The current accounting guidance for fair value measurements defines a three-level valuation hierarchy for disclosures as follows: • Level I—Unadjusted quoted prices in active markets for identical assets or liabilities; • Level II—Inputs other than quoted prices included within Level I that are observable, unadjusted quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; and • Level III—Unobservable inputs that are supported by little or no market activity, which requires the Company to develop its own assumptions. The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of June 30, 2024: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets Cash Equivalents: Money market funds $ 78,665 $ 78,665 $ — $ — U.S. government securities 1,494 1,494 — — $ 80,159 $ 80,159 $ — $ — Investments: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Corporate bonds and commercial paper $ 28,849 $ — $ 28,849 $ — Certificates of deposit 10,413 — 10,413 — U.S. government securities 28,616 — 28,616 — $ 67,878 $ — $ 67,878 $ — The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of December 31, 2023: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets Cash Equivalents: Money market funds $ 86,611 $ 86,611 $ — $ — Investments: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Corporate bonds and commercial paper $ 31,852 $ — $ 31,852 $ — Certificates of deposit 9,321 — 9,321 — U.S. government securities 53,055 — 53,055 — $ 94,228 $ — $ 94,228 $ — The Company determines the fair value of the vast majority of its debt investment holdings based on pricing from its pricing vendors. The valuation techniques used to measure the fair value of financial instruments having Level II inputs were derived from non-binding consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. Such market prices may be quoted prices in active markets for identical assets (Level I inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level II inputs).

Cash, Cash Equivalents and Inve

Cash, Cash Equivalents and Investments	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Investments	Cash, Cash Equivalents and Investments The Company's cash, cash equivalents and investments as of June 30, 2024 and December 31, 2023 consisted primarily of cash, U.S. government securities, corporate bonds, commercial paper, certificates of deposit, money market funds and other equity investments. The Company considers all highly liquid investments acquired with an original maturity of ninety days or less at the date of purchase to be cash equivalents. Cash equivalents are stated at cost or fair value based on the underlying security. Restricted cash consists of deposits held as collateral for the Company's secured letters of credit or bank guarantees issued in place of security deposits for the Company's corporate headquarters and various other leases, deposits held by the Company on behalf of its medical insurance carrier reserved for the use of claim payments, and deposits that are restricted to withdrawal or use as of the reporting date under the contractual terms of certain customer arrangements. The Company classifies its debt investments as available-for-sale at the time of purchase and reevaluates such classification as of each balance sheet date. All debt investments are recorded at estimated fair value. Unrealized gains and losses on available-for-sale investments are included in accumulated other comprehensive income (loss), a component of stockholders' equity. If the Company does not expect to recover the entire amortized cost basis of the available-for-sale debt security, it considers the available-for-sale debt security to be impaired. For individual debt securities classified as available-for-sale and deemed impaired, the Company assesses whether such decline has resulted from a credit loss or other factors. Impairment relating to credit losses is recorded through a reserve, limited to the amount that the fair value is less than the amortized cost basis. Impairment is reported in other income (expense), net on the condensed consolidated statements of comprehensive loss. Realized gains and losses are determined based on the specific identification method and are reported in other income (expense), net on the condensed consolidated statements of comprehensive loss. Interest, amortization of premiums and accretion of discount on all debt investments classified as available-for-sale are also included as a component of other income (expense), net on the condensed consolidated statements of comprehensive loss. Based on the Company's assessment, no impairments for credit losses were recognized during either of the three months ended June 30, 2024 or 2023. The Company has invested in a private financial technology investment fund, classified as an equity investment. Equity investments without a readily determinable fair value, where the Company has no influence over the operating and financial policies of the investee, are recorded at cost, less impairment and adjusted for subsequent observable price changes obtained from orderly transactions for identical or similar investments issued by the same investee. An impairment charge to current earnings is recorded when the cost of the investment exceeds its fair value and this condition is determined to be other-than-temporary. During the year ended December 31, 2023, the Company determined there was a $0.1 million other-than-temporary impairment on its equity investment. This equity investment had a carrying amount of $0.3 million and $0.1 million as of June 30, 2024 and December 31, 2023, respectively. As of June 30, 2024 and December 31, 2023, the Company's cash was $223.7 million and $143.0 million, respectively. A summary of the Company's cash equivalents and investments that are carried at fair value as of June 30, 2024 is as follows: Cash Equivalents: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money market funds $ 78,665 $ — $ — $ 78,665 U.S. government securities 1,494 — — 1,494 $ 80,159 $ — $ — $ 80,159 Investments: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate bonds and commercial paper $ 28,911 $ — $ (62) $ 28,849 Certificates of deposit 10,418 1 (6) 10,413 U.S. government securities 28,669 — (53) 28,616 $ 67,998 $ 1 $ (121) $ 67,878 A summary of the Company's cash equivalents and investments that are carried at fair value as of December 31, 2023 is as follows: Cash Equivalents: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money market funds $ 86,611 $ — $ — $ 86,611 Investments: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate bonds and commercial paper $ 31,979 $ 3 $ (130) $ 31,852 Certificates of deposit 9,337 — (16) 9,321 U.S. government securities 53,208 — (153) 53,055 $ 94,524 $ 3 $ (299) $ 94,228 Investments may be sold or may settle at any time, without significant penalty, for use in current operations or for other purposes, even if they have not yet reached maturity. As a result, the Company classifies its investments, including investments with maturities beyond twelve months, as current assets on the condensed consolidated balance sheets. The following table summarizes the estimated fair value of the Company's debt investments, designated as available-for-sale and classified by the contractual maturity date of the investments as of the dates shown: June 30, 2024 December 31, 2023 Due within one year or less $ 45,659 $ 87,133 Due after one year through two years 22,219 7,095 $ 67,878 $ 94,228 The Company has certain available-for-sale debt investments in a gross unrealized loss position. The Company regularly reviews its debt investments for impairment resulting from credit loss using both qualitative and quantitative criteria, as necessary, based on the composition of the portfolio at period end. The Company considers factors such as the length of time and extent to which the market value has been less than the cost, the financial position and near-term prospects of the issuer or whether the Company has the intent to or it is more likely than not it will be required to sell the investments before recovery of the investments' amortized-cost basis. If the Company determines that impairment exists in one of these investments, the respective investments would be written down to fair value. For debt securities, the portion of the write-down related to credit loss would be recognized in other income, net on the condensed consolidated statements of comprehensive loss if the intent of the Company was to sell the investments before recovery. Any portion not related to credit loss would be included in accumulated other comprehensive loss in the condensed consolidated statements of comprehensive loss. Because the Company does not intend to sell any investments which have an unrealized loss position at this time, and it is not more likely than not that the Company will be required to sell the investment before recovery of its amortized cost basis, which may be maturity, the reserve for available-for-sale debt securities was zero as of June 30, 2024 and December 31, 2023. The following table presents the fair values and the gross unrealized losses of these available-for-sale debt investments as of June 30, 2024, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: Less than 12 months 12 months or greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 21,564 $ (34) $ 6,068 $ (28) Certificates of deposit 980 (1) 1,984 (5) U.S. government securities 8,727 (5) 19,889 (48) $ 31,271 $ (40) $ 27,941 $ (81) The following table presents the fair values and the gross unrealized losses of these available-for-sale debt investments as of December 31, 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: Less than 12 months 12 months or greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 12,060 $ (39) $ 18,525 $ (91) Certificates of deposit 1,999 (5) 2,215 (11) U.S. government securities 18,140 (42) 32,421 (111) $ 32,199 $ (86) $ 53,161 $ (213)

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets The carrying amount of goodwill was $512.9 million at both June 30, 2024 and December 31, 2023. Goodwill represents the excess purchase price over the fair value of net assets acquired. The annual impairment test was performed as of October 31, 2023. No impairment of goodwill was identified during 2023, nor has any impairment of goodwill been identified during the six months ended June 30, 2024. Intangible assets at June 30, 2024 and December 31, 2023 were as follows: As of June 30, 2024 As of December 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 55,540 $ (51,656) $ 3,884 $ 55,540 $ (46,065) $ 9,475 Non-compete agreements 11,525 (10,756) 769 12,020 (10,058) 1,962 Trademarks 19,870 (17,068) 2,802 19,870 (14,266) 5,604 Acquired technology 150,097 (101,784) 48,313 150,097 (90,776) 59,321 Capitalized software development costs 69,233 (16,599) 52,634 56,147 (10,937) 45,210 $ 306,265 $ (197,863) $ 108,402 $ 293,674 $ (172,102) $ 121,572 The Company recorded intangible assets from various prior business combinations as well as capitalized software development costs. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from three The estimated future amortization expense related to intangible assets as of June 30, 2024 was as follows: Amortization Year Ended December 31, 2024 (July 1 to December 31) $ 25,291 2025 34,990 2026 28,421 2027 12,486 2028 6,217 Thereafter 997 Total amortization $ 108,402

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancellable operating leases for its corporate headquarters in Austin, Texas in two adjacent buildings under separate lease agreements. Pursuant to the first of which the Company leases office space with an initial term that expires on April 30, 2028, with the option to extend the lease for an additional ten-year term. Pursuant to the second of which the Company leases office space with lease terms of approximately ten years, with options to extend the leases on the second building from five Maturities of the Company's operating lease liabilities for lease terms in excess of one year at June 30, 2024 were as follows: Operating Leases Year Ended December 31, 2024 (July 1 to December 31) $ 6,968 2025 12,510 2026 10,024 2027 8,708 2028 5,562 Thereafter 18,202 Total lease payments $ 61,974 Less: imputed interest (9,308) Total operating lease liabilities $ 52,666 The operating lease liabilities include $14.0 million in optional lease renewals where the Company is reasonably certain of exercising those options. The Company has exited and made available for sublease certain leased office spaces, and updated assessments of previously exited leased office spaces. As a result, the Company evaluated the recoverability of its right of use and other lease related assets and determined that their carrying values were not fully recoverable. The Company calculated the impairment by comparing the carrying amount of the asset group to its estimated fair value using a discounted cash flow model. As of December 31, 2023, an impairment of $1.9 million was recorded to right of use assets, $0.2 million was recorded to property and equipment and an additional $0.3 million was recorded to accrued liabilities and other long-term liabilities for expected expenses and fees associated with exiting the leased office space. These charges were recorded within operating expenses on the condensed consolidated statements of comprehensive loss. During the three and six months ended June 30, 2024, no impairment charges related to right of use or other lease related assets were recorded.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company has non-cancelable contractual commitments related to the 2026 Notes and the 2025 Notes (each as defined below) as well as the related interest. The interest on the 2026 Notes is payable semi-annually on June 1 and December 1 of each year. The interest on the 2025 Notes is payable semi-annually on May 15 and November 15 of each year. The Company also has non-cancelable contractual commitments for certain third-party products, stadium sponsorship costs, co-location and hosting fees and other product costs. Several of these purchase commitments for third-party products contain both a contractual minimum obligation and a variable obligation based upon usage or other factors which can change on a monthly basis. The estimated amounts for usage and other factors are not included within the table below. Future minimum contractual commitments that have initial or remaining non-cancelable terms in excess of one year at June 30, 2024 were as follows: Contractual Commitments Year Ended December 31, 2024 (July 1 to December 31) $ 29,071 2025 248,018 2026 331,915 2027 4,819 2028 3,500 Thereafter — Total commitments $ 617,323 Legal Proceedings From time to time, the Company is involved in legal proceedings arising in the ordinary course of its business. The Company is not presently a party to any legal proceedings that, if determined adversely to the Company, would have a material adverse effect on the Company. Gain Contingencies From time to time the Company may realize a gain contingency, however, recognition will not occur until cash is received. Loss Contingencies In the ordinary course of business, the Company is subject to loss contingencies that cover a range of matters. An estimated loss from a loss contingency, such as a legal proceeding or claim, is accrued if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.

Convertible Senior Notes

Convertible Senior Notes	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Convertible Senior Notes	Convertible Senior Notes The following table presents details of the Company's convertible senior notes outstanding as of June 30, 2024, which are further discussed below (principal in thousands): Date Issued Maturity Date (1) Principal Interest Rate per Annum Conversion Rate for Each $1,000 Principal (2) Initial Conversion Price per Share 2026 Notes June 1, 2019 June 1, 2026 $ 303,995 0.75 % $ 11.2851 $ 88.61 2025 Notes November 15, 2020 November 15, 2025 $ 191,000 0.125 % $ 7.1355 $ 140.14 ___________________________________________________________________________ (1) Unless earlier converted or repurchased in accordance with their terms prior to such date (2) Subject to adjustment upon the occurrence of certain specified events As further defined and described below, the 2026 Notes and the 2025 Notes are collectively referred to as the Notes. In June 2019, the Company issued $316.3 million principal amount of convertible senior notes due in June 2026, or the 2026 Notes. Interest is payable semi-annually on June 1 and December 1 of each year, commencing on December 1, 2019. In November 2020, the Company issued $350.0 million principal amount of convertible senior notes due in November 2025, or the 2025 Notes. Interest is payable semi-annually on May 15 and November 15 of each year, commencing on May 15, 2021. In March 2023, the Company repurchased $12.3 million in aggregate principal amount of the 2026 Notes for $10.7 million in cash and repurchased $159.0 million in aggregate principal amount of the 2025 Notes for $138.4 million in cash. The partial repurchases of the 2026 Notes and 2025 Notes resulted in a $19.9 million gain on early debt extinguishment, of which $1.8 million consisted of unamortized debt issuance costs. This gain was recorded within other income (expense) on the condensed consolidated statements of comprehensive loss. The Company may repurchase additional 2025 Notes and/or 2026 Notes from time to time through open market purchases, block trades, and/or privately negotiated transactions, in compliance with applicable securities laws and other legal requirements. The timing, volume, and nature of the repurchases will be determined by the Company based on the capital needs of the business, market conditions, applicable legal requirements, and other factors. The Notes are the Company's senior unsecured obligations and rank senior in right of payment to any of the Company's indebtedness that is expressly subordinated in right of payment to the Notes, rank equally in right of payment with any of the Company's indebtedness that is not so subordinated, are effectively junior in right of payment to any of the Company's secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally junior to all indebtedness and other liabilities (including trade payables) of the Company's current and future subsidiaries. On or after June 5, 2023 or November 20, 2023 for the 2026 Notes and 2025 Notes, respectively, the Company may redeem for cash all or any portion of the Notes, at the Company's option, if the last reported sale price of the Company's common stock has been at least 130% of the conversion price in effect for at least 20 trading days (whether or not consecutive) during any 30-consecutive trading-day period. If the Company calls any or all of the Notes for redemption, holders may convert all or any portion of their Notes at any time prior to the close of business on the scheduled trading day prior to the redemption date, even if the Notes are not otherwise convertible at such time. After that time, the right to convert such Notes will expire, unless the Company defaults in the payment of the redemption price, in which case a holder of the Notes may convert all or any portion of its Notes until the redemption price has been paid or duly provided for. On or after March 1, 2026 or August 15, 2025 for the 2026 Notes and 2025 Notes, respectively, holders may convert all or any portion of their Notes at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date, regardless of the succeeding conditions described herein. Upon conversion, the Company will pay or deliver cash, shares of its common stock or a combination of cash and shares of its common stock, at its election, as described in the indentures governing the Notes. Holders may convert their Notes at their option at any time prior to the close of business on the business day immediately preceding March 1, 2026 or August 15, 2025 for the 2026 Notes and 2025 Notes, respectively, only under the following circumstances: • during any calendar quarter commencing after the calendar quarter ending on September 30, 2019 or March 30, 2021 (and only during such calendar quarter), for the 2026 Notes and 2025 Notes, respectively, if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • during the five consecutive business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of the Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company's common stock and the conversion rate on each such trading day; or • upon the occurrence of specified corporate events. If a fundamental change (as defined in the relevant indenture governing each of the Notes) occurs prior to the maturity date, holders of each of the Notes may require the Company to repurchase all or a portion of their notes for cash at a repurchase price equal to 100% of the principal amount of the Notes, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of June 30, 2024, the 2026 Notes and 2025 Notes were not convertible. The Notes consist of the following: As of June 30, 2024 As of December 31, 2023 2026 Notes 2025 Notes 2026 Notes 2025 Notes Principal $ 303,995 $ 191,000 $ 303,995 $ 191,000 Unamortized debt issuance costs (2,506) (1,033) (3,133) (1,398) Net carrying amount $ 301,489 $ 189,967 $ 300,862 $ 189,602 The following table sets forth total interest expense recognized related to the Notes: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Contractual interest expense $ 630 $ 630 $ 1,259 $ 1,333 Amortization of debt issuance costs 495 495 991 1,113 Total $ 1,125 $ 1,125 $ 2,250 $ 2,446 Debt issuance costs are amortized on a straight-line basis, which approximates the effective interest method, to interest expense over the expected life of the Notes. As of June 30, 2024, the remaining period over which the debt issuance costs will be amortized for the 2026 Notes and 2025 Notes was 1.9 years and 1.4 years, respectively. As of June 30, 2024, the if-converted value of the Notes did not exceed the principal amount. The if-converted values were determined based on the closing price of the Company's stock on June 30, 2024. Capped Call Transactions In connection with the issuance of the Notes, the Company entered into two separate capped call transactions with one or more counterparties, or the Capped Calls. The Capped Calls associated with the 2026 Notes have an initial strike price of $88.6124 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2026 Notes. The Capped Calls associated with the 2025 Notes have an initial strike price of $140.1443 per share, subject to certain adjustments, which corresponds to the initial conversion price of the 2025 Notes. The Capped Calls associated with the 2026 Notes have an initial cap price of $139.00 per share. The Capped Calls associated with the 2025 Notes have an initial cap price of $211.54 per share. The Capped Calls are expected to offset the potential dilution to the common stock upon any conversion of the Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the Notes in the event the market price per share of common stock is greater than the strike price of the Capped Call, with such offset subject to a cap. If, however, the market price per share of the common stock exceeds the cap price of the Capped Calls, there would be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that the then-market price per share of the common stock exceeds the cap price. As the Capped Calls are considered indexed to the Company's stock and are considered equity classified, they are recorded in stockholders' equity on the condensed consolidated balance sheet and are not accounted for as derivatives. The cost of $40.8 million incurred in connection with the Capped Calls associated with the 2026 Notes was recorded as a reduction to additional paid-in capital. The cost of $39.8 million incurred in connection with the Capped Calls associated with the 2025 Notes was recorded as a reduction to common stock. In March 2023, in connection with the partial repurchase of the Notes, the Company terminated the Capped Calls in a notional amount corresponding to the aggregate principal amount of the Notes that were repurchased. As a result of the termination of the related Capped Calls, the Company received cash payments of $0.1 million. The proceeds were recorded as an increase to additional paid-in capital on the condensed consolidated balance sheets.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation In March 2014, the Company's board of directors approved the 2014 Equity Incentive Plan, or 2014 Plan. The 2014 Plan terminated on June 1, 2023, except with respect to the outstanding awards previously granted thereunder. As of June 1, 2023, there were 7,606 shares of common stock that were reserved for issuance pursuant to outstanding awards, assuming maximum performance, under the 2014 Plan. In May 2023, the Company's stockholders approved the 2023 Equity Incentive Plan, or 2023 Plan, with an effective date of June 1, 2023, under which stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares and units and other cash-based or stock-based awards may be granted to employees, consultants and directors. At time of approval, up to 14,045 shares of common stock were reserved for issuance under the 2023 Plan, all of which consisted of shares previously reserved for issuance under the 2014 Plan and any shares that would otherwise be returned to the 2014 Plan as a result of the forfeiture, repurchase or termination of awards issued under that plan. The 2023 Plan is a successor to and continuation of the Company’s 2014 Plan. As of June 30, 2024, 5,751 shares remain authorized and available for future issuance under the 2023 Plan, assuming attainment of maximum performance for any market stock units or performance stock units. In March 2014, the Company adopted its Employee Stock Purchase Plan, or ESPP. The plan was implemented starting January 3, 2022, pursuant to which certain participating domestic employees are able to purchase shares of the Company's common stock at a 15% discount of the lower of the market price at the beginning or end of the offering period. Offering periods commence on each June 1 and December 1. The Board provided for a share reserve with respect to the ESPP of 800 shares. The ESPP contains a provision that automatically increases the shares available for issuance under the plan on January 1 of each year through 2024, by an amount equal to the lesser of (a) 500 shares, (b) 1% of the number of shares issued and outstanding on the immediately preceding December 31, or (c) such other amount as may be determined by the Company's board of directors. During the three months ended June 30, 2024, the Company issued 95 shares and as of June 30, 2024, 1,279 shares remain authorized and available for future issuance under the ESPP. Stock-based compensation expense was recorded in the following cost and expense categories on the Company's condensed consolidated statements of comprehensive loss: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues $ 3,400 $ 3,577 $ 6,565 $ 6,950 Sales and marketing 4,469 4,823 8,340 9,083 Research and development 4,625 4,007 8,468 7,783 General and administrative 11,837 8,217 21,759 14,894 Total stock-based compensation expense $ 24,331 $ 20,624 $ 45,132 $ 38,710

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes In accordance with applicable accounting guidance, the income tax expense for the six months ended June 30, 2024 is based on the estimated annual effective tax rate for fiscal year 2024. The Company's provision for income taxes is based on estimated effective tax rates derived from an estimate of annual consolidated earnings before taxes, adjusted for nondeductible expenses, other permanent items, valuation allowances, and any applicable income tax credits. The Company's provision for income taxes reflected an effective tax rate of approximately (19.0)% and (2.1)% for the three months ended June 30, 2024 and 2023, respectively and (15.7)% and (2.1)% for the six months ended June 30, 2024 and 2023. For the three and six months ended June 30, 2024 and 2023, the Company's effective tax rate was lower than the U.S. federal statutory rate primarily due to its valuation allowance offsetting the benefits of losses. The Company's income tax expenses and benefits consist primarily of state current income tax expense, deferred income tax expense relating to the tax amortization of previously acquired goodwill and current income tax expense from foreign operations. To date, the Company has provided a valuation allowance against most of its deferred tax assets as it believes the objective and verifiable evidence of its historical pretax net losses outweighs any positive evidence of its forecasted future results. The Company will continue to monitor the positive and negative evidence, and it will adjust the valuation allowance as sufficient objective positive evidence becomes available.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsOn July 29, 2024, the Company entered into a five-year secured revolving credit agreement, or Revolving Credit Agreement, with bank lenders providing for a revolving line of credit of up to $125.0 million. Q2 Software, Inc., a wholly owned subsidiary of the Company, guarantees all of the obligations under the Revolving Credit Agreement, which are also secured by a first priority security interest in substantially all of the assets of the Company and Q2 Software, Inc. Borrowings under the Revolving Credit Agreement may, at the Company's election, bear interest quarterly at either (a) the base rate plus the applicable margin, or Base Rate Loans, or (b) the adjusted term secured overnight financing rate, or SOFR, plus the applicable margin, or Adjusted Term SOFR Loans. The applicable margin ranges from 0.75% to 1.50% per annum for Base Rate Loans and 1.75% to 2.50% per annum for Adjusted Term SOFR loans. A commitment fee accrues at a rate ranging from 0.15% to 0.30% per annum, based on the Company's consolidated total net leverage ratio, of the average daily unused portion of the commitment of the lenders. As of July 31, 2024, there were no borrowings outstanding under the Revolving Credit Agreement.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net loss	$ (13,060)	$ (23,622)	$ (26,903)	$ (24,138)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		In June 2023, the Company adopted a policy pursuant to which any participant in the Company’s equity incentive plans whose transactions are subject to Section 16 of the Security Exchange Act of 1934, as amended, is required to sell, upon the vesting or settlement of any such award, a portion of the shares subject to the award determined by the Company in its discretion to be sufficient to cover tax withholding obligations and to remit an amount equal to such tax withholding obligations to the Company. This mandatory sell-to-cover policy was adopted by the Company as a result of the inability of the Company's captive broker to effect the sell-to-cover transactions pursuant to Rule 10b5-1 Trading Plans.
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
James Offerdahl [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		James Offerdahl, Director, entered into a Rule 10b5-1 Trading Plan on May 29, 2024. Mr. Offerdahl's plan provides for the potential sale of up to 3,561 shares of the Company's common stock between August 28, 2024 and Au gust 22, 2025.
Name	James Offerdahl
Title	Director
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	May 29, 2024
Expiration Date	August 22, 2025
Arrangement Duration	359 days
Aggregate Available	3,561	3,561
John Breeden [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		John Breeden, Chief Operating Officer, entered into a Rule 10b5-1 Trading Plan on June 10, 2024. Mr. Breeden's plan provides for the potential sale of up to 110,130 shares of the Company's common stock between March 4, 2025 and March 30, 2025, less any shares sold pursuant to mandatory sell-to-cover transactions not covered by the plan related to withholding taxes due as a result of the vesting of any restricted stock units, market stock units or performance stock units covered by the plan.
Name	John Breeden
Title	Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 10, 2024
Expiration Date	March 30, 2025
Arrangement Duration	26 days
Aggregate Available	110,130	110,130
Michael Volanoski [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		Michael Volanoski, Chief Revenue Officer, entered into a Rule 10b5-1 Trading Plan on June 13, 2024. Mr. Volanoski's plan provides for the potential sale of up to 121,565 shares of the Company's common stock between December 11, 2024 and December 20, 2025, less any shares sold pursuant to mandatory sell-to-cover transactions not covered by the plan related to withholding taxes due as a result of the vesting of any restricted stock units, market stock units or performance stock units covered by the plan.
Name	Michael Volanoski
Title	Chief Revenue Officer
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Adoption Date	June 13, 2024
Expiration Date	December 20, 2025
Arrangement Duration	374 days
Aggregate Available	121,565	121,565

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	These interim unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States, or GAAP, and Securities and Exchange Commission, or SEC, requirements for interim financial statements. The interim unaudited condensed consolidated financial statements include the accounts of Q2 Holdings, Inc. and its direct and indirect wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Principles of Consolidation	In the Company's opinion, the interim unaudited condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all adjustments, consisting of normal, recurring adjustments, necessary for a fair presentation. Certain information and disclosures normally included in the notes to the annual consolidated financial statements prepared in accordance with GAAP have been omitted from these interim unaudited condensed consolidated financial statements pursuant to the rules and regulations of the SEC. Accordingly, these interim unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the accompanying notes for the fiscal year ended December 31, 2023, which are included in the Company's Annual Report on Form 10-K, filed with the SEC on February 21, 2024. The results of operations for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024 or for any other period.
Use of Estimates	The preparation of the interim unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the interim unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses. Significant items subject to such estimates include: revenue recognition; estimate of credit losses; fair value of certain stock awards issued; the carrying value of goodwill; the fair value of acquired intangibles; the useful lives of property and equipment and long-lived intangible assets; the impairment assessment of long-lived assets; and income taxes. In accordance with GAAP, management bases its estimates on historical experience and on various other assumptions that management believes are reasonable under the circumstances. Management regularly evaluates its estimates and assumptions using historical experience and other factors; however, actual results could differ significantly from those estimates.
Concentration of Credit Risk	Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, restricted cash, investments, accounts receivable and contract assets. The Company's cash and cash equivalents, restricted cash and investments are placed with high credit quality financial institutions and issuers, and at times may exceed federally insured limits. The Company has not experienced any loss relating to cash and cash equivalents or restricted cash in these accounts. The Company provides credit, in the normal course of business, to a majority of its customers. The Company performs periodic credit evaluations of its customers' financial condition and generally does not require collateral.
Recent Accounting Pronouncements	In November 2023, the Financial Accounting Standard Board, or FASB, issued ASU No. 2023-07, "Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures" to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. The ASU is effective for fiscal years beginning after December 15, 2023 on a retrospective basis, and for interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU No. 2023-09, "Income Taxes (Topic 740): Improvement to Income Tax Disclosures" which requires disaggregated information about a reporting entity's effective tax rate reconciliation as well as information on income taxes paid. The ASU is effective for annual periods beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the impact that the adoption of this standard will have on its consolidated financial statements and related disclosures.
Fair Value Measurements	The carrying values of the Company's financial assets not measured at fair value on a recurring basis, principally accounts receivable, restricted cash and accounts payable, approximated their fair values due to the short period of time to maturity or repayment. Fair value is defined as the exchange price that would be received for an asset or an exit price paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The current accounting guidance for fair value measurements defines a three-level valuation hierarchy for disclosures as follows: • Level I—Unadjusted quoted prices in active markets for identical assets or liabilities; • Level II—Inputs other than quoted prices included within Level I that are observable, unadjusted quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data; and • Level III—Unobservable inputs that are supported by little or no market activity, which requires the Company to develop its own assumptions. The categorization of a financial instrument within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The Company determines the fair value of the vast majority of its debt investment holdings based on pricing from its pricing vendors. The valuation techniques used to measure the fair value of financial instruments having Level II inputs were derived from non-binding consensus prices that are corroborated by observable market data or quoted market prices for similar instruments. Such market prices may be quoted prices in active markets for identical assets (Level I inputs) or pricing determined using inputs other than quoted prices that are observable either directly or indirectly (Level II inputs).

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Schedule of Net Loss Per Share, Basic and Diluted	The following table sets forth the computations of net loss per share for the periods listed: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Numerator: Net loss $ (13,060) $ (23,622) $ (26,903) $ (24,138) Denominator: Weighted-average common shares outstanding, basic and diluted 60,162 58,286 59,804 58,087 Net loss per common share, basic and diluted $ (0.22) $ (0.41) $ (0.45) $ (0.42)
Schedule of Antidilutive Securities Excluded from Computation of Loss Per Share	The following table sets forth the anti-dilutive common share equivalents for the periods listed: As of June 30, 2024 2023 Stock options, restricted stock units, market stock units and performance stock units 5,296 5,342 Shares issuable pursuant to the ESPP 68 124 Shares related to convertible notes 4,794 5,296 10,158 10,762

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Major Source	The following table disaggregates the Company's revenue by major source: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Subscription $ 136,064 $ 116,001 $ 266,421 $ 231,190 Transactional 17,079 17,035 34,130 33,296 Services and Other 19,747 21,495 37,847 43,053 Total Revenues $ 172,890 $ 154,531 $ 338,398 $ 307,539

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Assets Measured on Recurring Basis	The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of June 30, 2024: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets Cash Equivalents: Money market funds $ 78,665 $ 78,665 $ — $ — U.S. government securities 1,494 1,494 — — $ 80,159 $ 80,159 $ — $ — Investments: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Corporate bonds and commercial paper $ 28,849 $ — $ 28,849 $ — Certificates of deposit 10,413 — 10,413 — U.S. government securities 28,616 — 28,616 — $ 67,878 $ — $ 67,878 $ — The following table details the fair value hierarchy of the Company's financial assets measured at fair value on a recurring basis as of December 31, 2023: Fair Value Measurements Using: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Assets Cash Equivalents: Money market funds $ 86,611 $ 86,611 $ — $ — Investments: Fair Value Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Corporate bonds and commercial paper $ 31,852 $ — $ 31,852 $ — Certificates of deposit 9,321 — 9,321 — U.S. government securities 53,055 — 53,055 — $ 94,228 $ — $ 94,228 $ —

Cash, Cash Equivalents and In_2

Cash, Cash Equivalents and Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Cash and Cash Equivalents [Abstract]
Schedule of Cash, Cash Equivalents and Investments	A summary of the Company's cash equivalents and investments that are carried at fair value as of June 30, 2024 is as follows: Cash Equivalents: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money market funds $ 78,665 $ — $ — $ 78,665 U.S. government securities 1,494 — — 1,494 $ 80,159 $ — $ — $ 80,159 Investments: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate bonds and commercial paper $ 28,911 $ — $ (62) $ 28,849 Certificates of deposit 10,418 1 (6) 10,413 U.S. government securities 28,669 — (53) 28,616 $ 67,998 $ 1 $ (121) $ 67,878 A summary of the Company's cash equivalents and investments that are carried at fair value as of December 31, 2023 is as follows: Cash Equivalents: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Money market funds $ 86,611 $ — $ — $ 86,611 Investments: Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Corporate bonds and commercial paper $ 31,979 $ 3 $ (130) $ 31,852 Certificates of deposit 9,337 — (16) 9,321 U.S. government securities 53,208 — (153) 53,055 $ 94,524 $ 3 $ (299) $ 94,228
Schedule of Investments Classified by Contractual Maturity Date	The following table summarizes the estimated fair value of the Company's debt investments, designated as available-for-sale and classified by the contractual maturity date of the investments as of the dates shown: June 30, 2024 December 31, 2023 Due within one year or less $ 45,659 $ 87,133 Due after one year through two years 22,219 7,095 $ 67,878 $ 94,228
Schedule of Fair Values and Gross Unrealized Losses for Available-For-Sale Securities	The following table presents the fair values and the gross unrealized losses of these available-for-sale debt investments as of June 30, 2024, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: Less than 12 months 12 months or greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 21,564 $ (34) $ 6,068 $ (28) Certificates of deposit 980 (1) 1,984 (5) U.S. government securities 8,727 (5) 19,889 (48) $ 31,271 $ (40) $ 27,941 $ (81) The following table presents the fair values and the gross unrealized losses of these available-for-sale debt investments as of December 31, 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position: Less than 12 months 12 months or greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Corporate bonds and commercial paper $ 12,060 $ (39) $ 18,525 $ (91) Certificates of deposit 1,999 (5) 2,215 (11) U.S. government securities 18,140 (42) 32,421 (111) $ 32,199 $ (86) $ 53,161 $ (213)

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets	Intangible assets at June 30, 2024 and December 31, 2023 were as follows: As of June 30, 2024 As of December 31, 2023 Gross Amount Accumulated Amortization Net Carrying Amount Gross Amount Accumulated Amortization Net Carrying Amount Customer relationships $ 55,540 $ (51,656) $ 3,884 $ 55,540 $ (46,065) $ 9,475 Non-compete agreements 11,525 (10,756) 769 12,020 (10,058) 1,962 Trademarks 19,870 (17,068) 2,802 19,870 (14,266) 5,604 Acquired technology 150,097 (101,784) 48,313 150,097 (90,776) 59,321 Capitalized software development costs 69,233 (16,599) 52,634 56,147 (10,937) 45,210 $ 306,265 $ (197,863) $ 108,402 $ 293,674 $ (172,102) $ 121,572
Schedule of Estimated Future Amortization Expense	The estimated future amortization expense related to intangible assets as of June 30, 2024 was as follows: Amortization Year Ended December 31, 2024 (July 1 to December 31) $ 25,291 2025 34,990 2026 28,421 2027 12,486 2028 6,217 Thereafter 997 Total amortization $ 108,402

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Schedule of Operating Lease Maturities	Maturities of the Company's operating lease liabilities for lease terms in excess of one year at June 30, 2024 were as follows: Operating Leases Year Ended December 31, 2024 (July 1 to December 31) $ 6,968 2025 12,510 2026 10,024 2027 8,708 2028 5,562 Thereafter 18,202 Total lease payments $ 61,974 Less: imputed interest (9,308) Total operating lease liabilities $ 52,666

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Contractual Commitments	Future minimum contractual commitments that have initial or remaining non-cancelable terms in excess of one year at June 30, 2024 were as follows: Contractual Commitments Year Ended December 31, 2024 (July 1 to December 31) $ 29,071 2025 248,018 2026 331,915 2027 4,819 2028 3,500 Thereafter — Total commitments $ 617,323

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Convertible Notes	The following table presents details of the Company's convertible senior notes outstanding as of June 30, 2024, which are further discussed below (principal in thousands): Date Issued Maturity Date (1) Principal Interest Rate per Annum Conversion Rate for Each $1,000 Principal (2) Initial Conversion Price per Share 2026 Notes June 1, 2019 June 1, 2026 $ 303,995 0.75 % $ 11.2851 $ 88.61 2025 Notes November 15, 2020 November 15, 2025 $ 191,000 0.125 % $ 7.1355 $ 140.14 ___________________________________________________________________________ (1) Unless earlier converted or repurchased in accordance with their terms prior to such date (2) Subject to adjustment upon the occurrence of certain specified events The Notes consist of the following: As of June 30, 2024 As of December 31, 2023 2026 Notes 2025 Notes 2026 Notes 2025 Notes Principal $ 303,995 $ 191,000 $ 303,995 $ 191,000 Unamortized debt issuance costs (2,506) (1,033) (3,133) (1,398) Net carrying amount $ 301,489 $ 189,967 $ 300,862 $ 189,602
Schedule of Interest Expense	The following table sets forth total interest expense recognized related to the Notes: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Contractual interest expense $ 630 $ 630 $ 1,259 $ 1,333 Amortization of debt issuance costs 495 495 991 1,113 Total $ 1,125 $ 1,125 $ 2,250 $ 2,446

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation Expense Recorded in the Consolidated Statements of Comprehensive Income (Loss)	Stock-based compensation expense was recorded in the following cost and expense categories on the Company's condensed consolidated statements of comprehensive loss: Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Cost of revenues $ 3,400 $ 3,577 $ 6,565 $ 6,950 Sales and marketing 4,469 4,823 8,340 9,083 Research and development 4,625 4,007 8,468 7,783 General and administrative 11,837 8,217 21,759 14,894 Total stock-based compensation expense $ 24,331 $ 20,624 $ 45,132 $ 38,710

Organization and Description _2

Organization and Description of Business (Details)	Jun. 30, 2024
Q2 Software, Inc.
Subsidiary of Limited Liability Company or Limited Partnership [Line Items]
Wholly owned subsidiary, ownership percentage (in percent)	100%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Schedule of Basic and Diluted Net Loss per Common Share and Anti-Dilutive Common Share Equivalents (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net loss	$ (13,060)	$ (23,622)	$ (26,903)	$ (24,138)
Denominator:
Weighted-average common shares outstanding, basic (in shares)	60,162	58,286	59,804	58,087
Weighted-average common shares outstanding, diluted (in shares)	60,162	58,286	59,804	58,087
Net loss per common share, basic (usd per share)	$ (0.22)	$ (0.41)	$ (0.45)	$ (0.42)
Net loss per common share, diluted (usd per share)	$ (0.22)	$ (0.41)	$ (0.45)	$ (0.42)
Antidilutive securities excluded from computation of earnings per share (in shares)			10,158	10,762
Stock options, restricted stock units, market stock units and performance stock units
Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)			5,296	5,342
Shares issuable pursuant to the ESPP
Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)			68	124
Shares related to convertible notes
Denominator:
Antidilutive securities excluded from computation of earnings per share (in shares)			4,794	5,296

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Revenue by Major Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 172,890	$ 154,531	$ 338,398	$ 307,539
Subscription
Disaggregation of Revenue [Line Items]
Revenues	136,064	116,001	266,421	231,190
Transactional
Disaggregation of Revenue [Line Items]
Revenues	17,079	17,035	34,130	33,296
Services and Other
Disaggregation of Revenue [Line Items]
Revenues	$ 19,747	$ 21,495	$ 37,847	$ 43,053

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Amounts due in advance of satisfying the Company's performance obligations	$ 362,400,000
Decrease from revenue recognized from current year invoices	248,300,000
Revenue recognized that was included in the deferred revenue balance in prior year	90,100,000
Decrease from netting of contract assets and liabilities on contract by contract basis	1,400,000
Revenue from remaining performance obligations	1,960,000,000
Provision for expected credit losses, contract balances	0	$ 0
Writeoffs, contract balances	0	0
Allowance for credit loss, contract balances	30,000		$ 30,000
Provision for expected credit losses, accounts receivable	0	0
Writeoffs, accounts receivable	0	$ 0
Allowance for credit loss period decrease	(100,000)
Allowance reserve	$ 400,000		$ 500,000
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	53%
Performance obligations expected to be satisfied, expected timing	24 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	32%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Minimum
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, expected timing	25 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01 | Maximum
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, expected timing	48 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-07-01 | Maximum
Disaggregation of Revenue [Line Items]
Performance obligations expected to be satisfied, expected timing

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 80,159
Investments	67,878	$ 94,228
Fair Value, Measurements, Recurring | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	28,616	53,055
Fair Value, Measurements, Recurring | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	28,849	31,852
Fair Value, Measurements, Recurring | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	10,413	9,321
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	80,159
Investments	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I) | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I) | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I) | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Investments	67,878	94,228
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II) | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	28,616	53,055
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II) | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	28,849	31,852
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II) | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	10,413	9,321
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
Investments	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III) | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III) | Corporate bonds and commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III) | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	0	0
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	78,665	86,611
Money market funds | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	78,665	86,611
Money market funds | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	78,665	86,611
Money market funds | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Money market funds | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	$ 0
U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,494
U.S. government securities | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,494
U.S. government securities | Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Assets (Level I)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,494
U.S. government securities | Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level II)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0
U.S. government securities | Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level III)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0

Cash, Cash Equivalents and In_3

Cash, Cash Equivalents and Investments - Narrative (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Impairment for credit losses	$ 0	$ 0
Equity method investment other-than-temporary impairment			$ 100,000
Equity method investments	300,000		100,000
Available for sale debt securities allowance for credit loss	0		0
Cash
Cash and Cash Equivalents [Line Items]
Cash	$ 223,700,000		$ 143,000,000

Cash, Cash Equivalents and In_4

Cash, Cash Equivalents and Investments - Schedule of Cash, Cash Equivalents and Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Investments, amortized cost	$ 67,998	$ 94,524
Gross Unrealized Gains	1	3
Gross Unrealized Losses	(121)	(299)
Investments, fair value	67,878	94,228
Corporate bonds and commercial paper
Debt Securities, Available-for-sale [Line Items]
Investments, amortized cost	28,911	31,979
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(62)	(130)
Investments, fair value	28,849	31,852
Certificates of deposit
Debt Securities, Available-for-sale [Line Items]
Investments, amortized cost	10,418	9,337
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(6)	(16)
Investments, fair value	10,413	9,321
U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Investments, amortized cost	28,669	53,208
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(53)	(153)
Investments, fair value	28,616	53,055
Cash Equivalents
Debt Securities, Available-for-sale [Line Items]
Cash equivalents, amortized cost	80,159
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Cash equivalents, fair value	80,159
Money market funds
Debt Securities, Available-for-sale [Line Items]
Cash equivalents, amortized cost	78,665	86,611
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Cash equivalents, fair value	78,665	$ 86,611
U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Cash equivalents, amortized cost	1,494
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Cash equivalents, fair value	$ 1,494

Cash, Cash Equivalents and In_5

Cash, Cash Equivalents and Investments - Schedule of Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Abstract]
Due within one year or less	$ 45,659	$ 87,133
Due after one year through two years	22,219	7,095
Total	$ 67,878	$ 94,228

Cash, Cash Equivalents and In_6

Cash, Cash Equivalents and Investments - Schedule of Fair Values and Gross Unrealized Losses for Available-For-Sale Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, less than 12 months, fair value	$ 31,271	$ 32,199
Debt securities, available-for-sale, less than 12 months, gross unrealized losses	(40)	(86)
Debt securities, available-for-sale, 12 months or greater, fair value	27,941	53,161
Debt securities, available-for-sale, 12 months or greater, gross unrealized losses	(81)	(213)
Corporate bonds and commercial paper
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, less than 12 months, fair value	21,564	12,060
Debt securities, available-for-sale, less than 12 months, gross unrealized losses	(34)	(39)
Debt securities, available-for-sale, 12 months or greater, fair value	6,068	18,525
Debt securities, available-for-sale, 12 months or greater, gross unrealized losses	(28)	(91)
Certificates of deposit
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, less than 12 months, fair value	980	1,999
Debt securities, available-for-sale, less than 12 months, gross unrealized losses	(1)	(5)
Debt securities, available-for-sale, 12 months or greater, fair value	1,984	2,215
Debt securities, available-for-sale, 12 months or greater, gross unrealized losses	(5)	(11)
U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Debt securities, available-for-sale, less than 12 months, fair value	8,727	18,140
Debt securities, available-for-sale, less than 12 months, gross unrealized losses	(5)	(42)
Debt securities, available-for-sale, 12 months or greater, fair value	19,889	32,421
Debt securities, available-for-sale, 12 months or greater, gross unrealized losses	$ (48)	$ (111)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Narrative (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 512,869,000		$ 512,869,000		$ 512,869,000
Impairment of goodwill	0				$ 0
Amortization of acquired intangibles	4,788,000	$ 5,252,000	9,616,000	$ 10,514,000
Cost of revenues
Finite-Lived Intangible Assets [Line Items]
Amortization of acquired intangibles	8,600,000	7,600,000	17,000,000	14,900,000
Operating expenses
Finite-Lived Intangible Assets [Line Items]
Amortization of acquired intangibles	$ 4,800,000	$ 5,300,000	$ 9,600,000	$ 10,500,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	3 years		3 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	7 years		7 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Amount	$ 306,265	$ 293,674
Accumulated Amortization	(197,863)	(172,102)
Net Carrying Amount	108,402	121,572
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Amount	55,540	55,540
Accumulated Amortization	(51,656)	(46,065)
Net Carrying Amount	3,884	9,475
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Amount	11,525	12,020
Accumulated Amortization	(10,756)	(10,058)
Net Carrying Amount	769	1,962
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Amount	19,870	19,870
Accumulated Amortization	(17,068)	(14,266)
Net Carrying Amount	2,802	5,604
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross Amount	150,097	150,097
Accumulated Amortization	(101,784)	(90,776)
Net Carrying Amount	48,313	59,321
Capitalized software development costs
Finite-Lived Intangible Assets [Line Items]
Gross Amount	69,233	56,147
Accumulated Amortization	(16,599)	(10,937)
Net Carrying Amount	$ 52,634	$ 45,210

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024 (July 1 to December 31)	$ 25,291
2025	34,990
2026	28,421
2027	12,486
2028	6,217
Thereafter	997
Net Carrying Amount	$ 108,402	$ 121,572

Leases - Narrative (Details)

Leases - Narrative (Details)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2024 USD ($) building	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Other Commitments [Line Items]
Number of buildings occupied | building		2
Lease renewal reasonably certain, liability	$ 14,000,000	$ 14,000,000
Lease impairments		$ 717,000	$ 1,731,000
Lease One
Other Commitments [Line Items]
Lease renewal term (in years)	10 years	10 years
Lease Two
Other Commitments [Line Items]
Lease term (in years)	10 years	10 years
Lease Two | Minimum
Other Commitments [Line Items]
Lease renewal term (in years)	5 years	5 years
Lease Two | Maximum
Other Commitments [Line Items]
Lease renewal term (in years)	10 years	10 years
Lease Exit and Sublease
Other Commitments [Line Items]
Lease impairments	$ 0	$ 0
Lease Exit and Sublease | Right of Use Asset
Other Commitments [Line Items]
Lease impairments				$ 1,900,000
Lease Exit and Sublease | Property, Plant and Equipment
Other Commitments [Line Items]
Lease impairments				200,000
Lease Exit and Sublease | Accrued Liabilities and Other Long-Term Liabilities
Other Commitments [Line Items]
Lease impairments				$ 300,000

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Payments Required Under Operating Leases (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leases [Abstract]
2024 (July 1 to December 31)	$ 6,968
2025	12,510
2026	10,024
2027	8,708
2028	5,562
Thereafter	18,202
Total lease payments	61,974
Less: imputed interest	(9,308)
Total operating lease liabilities	$ 52,666

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024 (July 1 to December 31)	$ 29,071
2025	248,018
2026	331,915
2027	4,819
2028	3,500
Thereafter	0
Total commitments	$ 617,323

Convertible Senior Notes - Sche

Convertible Senior Notes - Schedule of Convertible Senior Notes (Details) - Convertible Debt	Nov. 15, 2020 USD ($) $ / shares	Jun. 01, 2019 USD ($) $ / shares	Nov. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)
Convertible Senior Notes Due June 2026
Debt Instrument [Line Items]
Principal amount | $		$ 303,995,000		$ 316,300,000
Interest rate		0.75%
Conversion rate of common stock		0.0112851
Initial conversion price (usd per share) | $ / shares		$ 88.61
Convertible Notes Due 2025
Debt Instrument [Line Items]
Principal amount | $	$ 191,000,000		$ 350,000,000
Interest rate	0.125%
Conversion rate of common stock	0.0071355
Initial conversion price (usd per share) | $ / shares	$ 140.14

Convertible Senior Notes - Narr

Convertible Senior Notes - Narrative (Details)

1 Months Ended

3 Months Ended

6 Months Ended

Mar. 31, 2023 USD ($)

Nov. 30, 2020 USD ($) day

Jun. 30, 2019 USD ($) day

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Mar. 31, 2021 day

Sep. 30, 2019 day

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($)

Nov. 15, 2020 USD ($)

Jun. 01, 2019 USD ($)

Debt Instrument [Line Items]

Payment for repurchases of convertible notes | $

$ 0

$ 149,640,000

Gain on extinguishment of debt | $

$ 0

$ 0

$ 0

$ 19,869,000

Convertible Senior Notes Due June 2026

Debt Instrument [Line Items]

Remaining amortization period for debt issuance costs

1 year 10 months 24 days

Convertible Senior Notes Due June 2026 | Convertible Debt

Debt Instrument [Line Items]

Principal amount | $

$ 316,300,000

$ 303,995,000

Repurchased principal amount | $

$ 12,300,000

Payment for repurchases of convertible notes | $

10,700,000

Unamortized debt issuance costs | $

2,506,000

$ 2,506,000

$ 3,133,000

Threshold percentage of stock price trigger

130%

Limitation on sale of common stock, sale price threshold, number of trading days | day

20

Limitation on sale of common stock, sale price threshold, trading period | day

30

Redemption price percentage

100%

Convertible Senior Notes Due June 2026 | Convertible Debt | Debt Instrument, Redemption, Period One

Debt Instrument [Line Items]

Threshold percentage of stock price trigger

130%

Limitation on sale of common stock, sale price threshold, number of trading days | day

20

Limitation on sale of common stock, sale price threshold, trading period | day

30

Convertible Senior Notes Due June 2026 | Convertible Debt | Debt Instrument, Redemption, Period Two

Debt Instrument [Line Items]

Limitation on sale of common stock, sale price threshold, number of trading days | day

5

Limitation on sale of common stock, sale price threshold, trading period | day

5

Percentage of closing sale price in excess of convertible notes

98%

Convertible Notes Due 2025

Debt Instrument [Line Items]

Remaining amortization period for debt issuance costs

1 year 4 months 24 days

Convertible Notes Due 2025 | Convertible Debt

Debt Instrument [Line Items]

Principal amount | $

$ 350,000,000

$ 191,000,000

Repurchased principal amount | $

159,000,000

Payment for repurchases of convertible notes | $

138,400,000

Unamortized debt issuance costs | $

$ 1,033,000

$ 1,033,000

$ 1,398,000

Threshold percentage of stock price trigger

130%

Limitation on sale of common stock, sale price threshold, number of trading days | day

20

Limitation on sale of common stock, sale price threshold, trading period | day

30

Redemption price percentage

100%

Convertible Notes Due 2025 | Convertible Debt | Debt Instrument, Redemption, Period One

Debt Instrument [Line Items]

Threshold percentage of stock price trigger

130%

Limitation on sale of common stock, sale price threshold, number of trading days | day

20

Limitation on sale of common stock, sale price threshold, trading period | day

30

Convertible Notes Due 2025 | Convertible Debt | Debt Instrument, Redemption, Period Two

Debt Instrument [Line Items]

Limitation on sale of common stock, sale price threshold, number of trading days | day

5

Limitation on sale of common stock, sale price threshold, trading period | day

5

Percentage of closing sale price in excess of convertible notes

98%

Convertible Senior Notes Due 2025 And 2026 | Convertible Debt

Debt Instrument [Line Items]

Gain on extinguishment of debt | $

19,900,000

Unamortized debt issuance costs | $

$ 1,800,000

Convertible Senior Notes - Sc_2

Convertible Senior Notes - Schedule of Convertible 2026, 2025 Notes (Details) - Convertible Debt - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Convertible Senior Notes Due June 2026
Debt Instrument [Line Items]
Principal	$ 303,995	$ 303,995
Unamortized debt issuance costs	(2,506)	(3,133)
Net carrying amount	301,489	300,862
Convertible Notes Due 2025
Debt Instrument [Line Items]
Principal	191,000	191,000
Unamortized debt issuance costs	(1,033)	(1,398)
Net carrying amount	$ 189,967	$ 189,602

Convertible Senior Notes - Sc_3

Convertible Senior Notes - Schedule of Interest Expense Related to 2023, 2026, 2025 Notes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Debt Instrument [Line Items]
Amortization of debt issuance costs			$ 991	$ 1,113
Convertible Debt
Debt Instrument [Line Items]
Contractual interest expense	$ 630	$ 630	1,259	1,333
Amortization of debt issuance costs	495	495	991	1,113
Total	$ 1,125	$ 1,125	$ 2,250	$ 2,446

Convertible Senior Notes - Capp

Convertible Senior Notes - Capped Call Transactions (Details) $ / shares in Units, $ in Millions	1 Months Ended	6 Months Ended	18 Months Ended
	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) $ / shares	Nov. 30, 2020 cappedCallTransaction	Jun. 30, 2019 $ / shares
Debt Instrument [Line Items]
Number of capped call transactions | cappedCallTransaction			2
Convertible Senior Notes Due June 2026 | Convertible Debt
Debt Instrument [Line Items]
Initial strike price (in usd per share)				$ 88.6124
Initial cap price (in usd per share)		$ 139
Cost incurred in connection with capped calls | $		$ 40.8
Convertible Notes Due 2025 | Convertible Debt
Debt Instrument [Line Items]
Initial strike price (in usd per share)		$ 140.1443
Initial cap price (in usd per share)		$ 211.54
Cost incurred in connection with capped calls | $		$ 39.8
Convertible Senior Notes Due 2025 And 2026 | Convertible Debt
Debt Instrument [Line Items]
Proceeds received from capped call transaction settlement | $	$ 0.1

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - shares shares in Thousands		3 Months Ended
	Jan. 03, 2022	Jun. 30, 2024	Jun. 01, 2023	May 31, 2023
2014 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance under the plan (in shares)			7,606
2023 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance under the plan (in shares)				14,045
Shares available for future issuance under the plan (in shares)		5,751
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance under the plan (in shares)		1,279
Purchase of common stock at discount from market price	15%
Shares allocated for issuance (in shares)	800
Automatic annual increase (in shares)	500
Additional shares authorized under the plan, percentage increase (in percent)	1%
Issuance of common stock under ESPP (in shares)		95

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Share-based Compensation Expense Recorded in the Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 24,331	$ 20,624	$ 45,132	$ 38,710
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,400	3,577	6,565	6,950
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4,469	4,823	8,340	9,083
Research and development
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	4,625	4,007	8,468	7,783
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	$ 11,837	$ 8,217	$ 21,759	$ 14,894

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	(19.00%)	(2.10%)	(15.70%)	(2.10%)
Unrecognized tax benefits	$ 700,000		$ 700,000
Unrecognized tax benefits, period increase (decrease)			$ 0

Subsequent Events (Details)

Subsequent Events (Details) - Revolving Credit Facility - Line of Credit - Subsequent Event - USD ($)	Jul. 29, 2024	Jul. 31, 2024
Subsequent Event [Line Items]
Line of credit facility term	5 years
Line of credit facility, maximum borrowing capacity	$ 125,000,000
Long-Term Line of Credit		$ 0
Minimum
Subsequent Event [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.15%
Minimum | Base Rate
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	0.75%
Minimum | SOFR
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Maximum
Subsequent Event [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.30%
Maximum | Base Rate
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Maximum | SOFR
Subsequent Event [Line Items]
Debt instrument, basis spread on variable rate	2.50%