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Intangible Assets and Goodwill - Intangible Asset Components (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	6 years 10 months 24 days
Gross Carrying Amount	$ 48,791	$ 45,892
Accumulated Amortization	(25,258)	(18,503)
Net Carrying Amount	$ 23,533	27,389
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	4 years 8 months 12 days
Gross Carrying Amount	$ 26,987	26,044
Accumulated Amortization	(16,527)	(11,938)
Net Carrying Amount	$ 10,460	14,106
Acquired customer-related
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	9 years 9 months 18 days
Gross Carrying Amount	$ 17,622	15,852
Accumulated Amortization	(5,965)	(4,114)
Net Carrying Amount	$ 11,657	11,738
Acquired trade names
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	5 years
Gross Carrying Amount	$ 736	655
Accumulated Amortization	(515)	(360)
Net Carrying Amount	$ 221	295
Patents
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life (Years)	10 years
Gross Carrying Amount	$ 3,446	3,341
Accumulated Amortization	(2,251)	(2,091)
Net Carrying Amount	$ 1,195	$ 1,250

- Definition

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

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+ Details

Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

The following table presents the components of net intangible assets (in thousands):


	As of September 30, 2025							As of December 31, 2024
	Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	4.7	$	26,987	$	(16,527)	$	10,460	$	26,044	$	(11,938)	$	14,106
Acquired customer-related	9.8	17,622		(5,965)		11,657		15,852		(4,114)		11,738
Acquired trade names	5.0	736		(515)		221		655		(360)		295
Patents	10.0	3,446		(2,251)		1,195		3,341		(2,091)		1,250
Total	6.9	$	48,791	$	(25,258)	$	23,533	$	45,892	$	(18,503)	$	27,389

In the first quarter of the subsequent annual period in which an intangible asset becomes fully amortized, the gross carrying amount and accumulated amortization are removed from the preceding table.

Amortization expense related to intangible assets was $1.7 million and $2.0 million for the three months ended September 30, 2025 and 2024, respectively, and $5.6 million and $4.8 million for the nine months ended September 30, 2025 and 2024, respectively.

As of September 30, 2025, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):


Remainder of 2025	$	1,570
2026	5,984
2027	4,577
2028	4,100
2029	2,942
Thereafter	4,360
Total expected amortization expense	$	23,533

The changes in the carrying amount of goodwill were as follows (in thousands):


Balance at December 31, 2024	$	196,844

Foreign currency translation adjustments	9,111
Balance at September 30, 2025	$	205,955

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 315,914	$ 301,835
Marketable securities	540,877	514,585
Accounts receivable, net of allowance for doubtful accounts of $969 and $1,220 at September 30, 2025 and December 31, 2024, respectively	144,433	148,433
Deferred costs	55,282	50,914
Other receivables	10,140	10,276
Prepaid expenses and other	25,622	22,199
Total current assets	1,092,268	1,048,242
Property and equipment, net	20,338	21,825
Operating lease right-of-use assets	10,323	11,786
Deferred costs, non-current	51,816	54,858
Goodwill	205,955	196,844
Intangible assets, net	23,533	27,389
Other assets	7,078	7,525
Total assets	1,411,311	1,368,469
Current liabilities
Accounts payable	11,010	7,747
Accrued expenses and other current liabilities	120,159	126,508
Deferred revenue	489,694	457,608
Convertible senior notes, current	71,004	0
Finance lease obligations	586	562
Total current liabilities	692,453	592,425
Convertible senior notes, non-current	695,719	764,891
Deferred revenue, non-current	38,822	29,681
Other long-term liabilities	284	227
Operating lease liabilities, non-current	7,915	9,441
Finance lease obligations, non-current	13,045	13,488
Total liabilities	1,448,238	1,410,153
Stockholders’ deficit
Preferred stock, $0.001 par value per share, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Additional paid-in-capital	701,895	672,363
Accumulated deficit	(745,668)	(707,683)
Accumulated other comprehensive income (loss)	6,790	(6,420)
Total stockholders’ deficit	(36,927)	(41,684)
Total liabilities and stockholders’ deficit	1,411,311	1,368,469
Class A Common Stock
Stockholders’ deficit
Common stock	52	52
Class B Common Stock
Stockholders’ deficit
Common stock	$ 4	$ 4

Net Income (Loss) Per Share - Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Shares subject to outstanding common stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	966,417	698,901	966,417
Shares subject to unvested restricted stock units and performance restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	2,657,795	3,082,355	2,657,795
Shares issuable pursuant to the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	125,951	150,871	125,951
Shares underlying our convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	5,243,238	6,132,025	6,132,025	6,132,025

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Allowance for doubtful accounts	$ 969	$ 1,220
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, share authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	52,309,787	51,646,053
Common stock, shares outstanding (in shares)	52,309,787	51,646,053
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, share authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	3,695,583	3,845,583
Common stock, shares outstanding (in shares)	3,695,583	3,845,583

Net Income (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the denominator used in the calculation of basic and diluted income (loss) per share is as follows (in thousands, except share and per share data):


	Three months ended
	September 30, 2025				September 30, 2024
	Class A		Class B		Class A		Class B
Basic net income (loss) per share
Numerator
Net income (loss), basic	$	2,598	$	188	$	(15,816)	$	(1,176)
Denominator
Weighted-average shares outstanding, basic	52,538,281		3,809,713		51,736,258		3,845,583
Net income (loss) per share, basic	$	0.05	$	0.05	$	(0.31)	$	(0.31)

Diluted net income (loss) per share
Numerator
Net income (loss), basic	$	2,598	$	188	$	(15,816)	$	(1,176)
Interest on convertible notes, net of tax	249		18		—		—
Net income (loss), diluted	$	2,847	$	206	$	(15,816)	$	(1,176)
Denominator
Weighted-average shares outstanding, basic	52,538,281		3,809,713		51,736,258		3,845,583
Weighted-average effect of dilutive securities:
Employee share-based awards	883,919		64,096		—		—
Convertible senior notes	828,696		60,091		—		—
Number of shares used in diluted calculation	54,250,896		3,933,900		51,736,258		3,845,583
Net income (loss) per share, diluted	$	0.05	$	0.05	$	(0.31)	$	(0.31)


	Nine months ended
	September 30, 2025				September 30, 2024
	Class A		Class B		Class A		Class B
Basic and diluted net loss per share
Numerator
Net loss, basic and diluted	$	(35,419)	$	(2,566)	$	(43,008)	$	(3,219)
Denominator
Weighted-average shares outstanding, basic and diluted	52,425,345		3,798,734		51,380,671		3,845,583
Net loss per share, basic and diluted	$	(0.68)	$	(0.68)	$	(0.84)	$	(0.84)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net income (loss) per common share were as follows:


	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Shares subject to outstanding common stock options	—	966,417	698,901	966,417
Shares subject to unvested restricted stock units and performance restricted stock units	—	2,657,795	3,082,355	2,657,795
Shares issuable pursuant to the ESPP	—	125,951	150,871	125,951
Shares underlying our convertible senior notes	5,243,238	6,132,025	6,132,025	6,132,025

Convertible Senior Notes - Narrative (Details)	1 Months Ended		9 Months Ended
Convertible Senior Notes - Narrative (Details)	Aug. 31, 2023 USD ($) day $ / shares	Aug. 31, 2019 USD ($)	Sep. 30, 2025 $ / shares	Dec. 31, 2024 $ / shares
Class A Common Stock
Debt Instrument [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001		$ 0.001	$ 0.001
Convertible debt \| Debt Conversion Terms, One
Debt Instrument [Line Items]
Threshold number of trading days (day) \| day	20
Threshold number of consecutive trading days (day) \| day	30
Threshold percentage of stock price trigger	130.00%
Redemption price, percentage	100.00%
Convertible debt \| Debt Conversion Terms, Two
Debt Instrument [Line Items]
Threshold number of trading days (day) \| day	5
Threshold number of consecutive trading days (day) \| day	10
Threshold percentage of stock trading price	98.00%
Convertible debt \| 2026 Notes
Debt Instrument [Line Items]
Face amount of debt issued		$ 345,000,000
Stated interest percentage		1.125%
Proceeds from the issuance of convertible senior notes		$ 335,900,000
Effective interest percentage			1.50%
Remaining life of debt instrument			9 months 18 days
Convertible debt \| 2026 Notes, over-allotment option
Debt Instrument [Line Items]
Face amount of debt issued		$ 45,000,000
Convertible debt \| 2028 Notes
Debt Instrument [Line Items]
Face amount of debt issued	$ 702,000,000
Stated interest percentage	1.25%
Proceeds from the issuance of convertible senior notes	$ 691,100,000
Effective interest percentage			1.60%
Remaining life of debt instrument			2 years 9 months 18 days
Convertible debt \| 2028 Notes, over-allotment option
Debt Instrument [Line Items]
Face amount of debt issued	77,000,000
Maximum face amount for over-allotment option	$ 100,000,000

Stock-Based Compensation - Employee Stock Purchase Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from shares issued in connection with employee stock purchase plan	$ 6,163	$ 6,709	$ 13,698	$ 13,822
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)			227,124
Shares issued, weighted average price per share (in dollars per share)			$ 60.31
Proceeds from shares issued in connection with employee stock purchase plan			$ 13,700
Unrecognized compensation expense	$ 1,700		$ 1,700
Unrecognized compensation expense, period for recognition (years)			3 months 18 days

- Definition

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

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+ Details

Cash Equivalents and Marketable Securities

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Cash Equivalents and Marketable Securities

As of September 30, 2025, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	186,124	$	—	$	—	$	186,124
Commercial paper	4,497		—		—		4,497
U.S. treasury debt securities	280,269		621		(37)		280,853
U.S. government agency debt securities	72,502		71		(26)		72,547
Corporate debt securities	188,547		463		(44)		188,966

	$	731,939	$	1,155	$	(107)	$	732,987
Included in cash and cash equivalents	$	192,110	$	—	$	—	$	192,110
Included in marketable securities	$	539,829	$	1,155	$	(107)	$	540,877

As of December 31, 2024, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	137,201	$	—	$	—	$	137,201
Commercial paper	2,059		—		—		2,059
U.S. treasury debt securities	263,064		403		(240)		263,227
U.S. government agency debt securities	80,891		170		(39)		81,022
Corporate debt securities	178,619		340		(107)		178,852

	$	661,834	$	913	$	(386)	$	662,361
Included in cash and cash equivalents	$	147,774	$	2	$	—	$	147,776
Included in marketable securities	$	514,060	$	911	$	(386)	$	514,585

The contractual maturities of the investments classified as marketable securities are as follows (in thousands):


	As of September 30, 2025
Due within one year	$	323,063
Due in one to two years	213,982
Due in three to five years	3,832
	$	540,877

The following table presents gross unrealized losses and fair values for those cash equivalents and marketable securities that were in an unrealized loss position as of September 30, 2025, aggregated by investment category and the length of time that individual securities have been in a continuous loss position (in thousands):


	As of September 30, 2025
	Less than 12 months				12 months or greater
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. treasury debt securities	$	33,979	$	(19)	$	18,036	$	(18)
U.S. government agency debt securities	17,173		(24)		2,735		(2)
Corporate debt securities	33,064		(44)		—		—

Total	$	84,216	$	(87)	$	20,771	$	(20)

We do not believe the unrealized losses represent credit losses based on our evaluation of available evidence as of September 30, 2025, which includes an assessment of whether it is more likely than not we will be required to sell the investment before recovery of the investment's amortized cost basis.

Cash Equivalents and Marketable Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	Sep. 30, 2025 USD ($)
Fair Value
Less than 12 months	$ 84,216
12 months or greater	20,771
Unrealized Loss
Less than 12 months	(87)
12 months or greater	(20)
U.S. treasury debt securities
Fair Value
Less than 12 months	33,979
12 months or greater	18,036
Unrealized Loss
Less than 12 months	(19)
12 months or greater	(18)
U.S. government agency debt securities
Fair Value
Less than 12 months	17,173
12 months or greater	2,735
Unrealized Loss
Less than 12 months	(24)
12 months or greater	(2)
Corporate debt securities
Fair Value
Less than 12 months	33,064
12 months or greater	0
Unrealized Loss
Less than 12 months	(44)
12 months or greater	$ 0

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Net Income (Loss) Per Share

9 Months Ended

Sep. 30, 2025

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

Net income (loss) per share is allocated based on the contractual participation rights of the Class A and Class B common shares as if the income (loss) for the year has been distributed. As the liquidation and dividend rights are identical, net income (loss) is allocated on a proportionate basis.

A reconciliation of the denominator used in the calculation of basic and diluted income (loss) per share is as follows (in thousands, except share and per share data):


	Three months ended
	September 30, 2025				September 30, 2024
	Class A		Class B		Class A		Class B
Basic net income (loss) per share
Numerator
Net income (loss), basic	$	2,598	$	188	$	(15,816)	$	(1,176)
Denominator
Weighted-average shares outstanding, basic	52,538,281		3,809,713		51,736,258		3,845,583
Net income (loss) per share, basic	$	0.05	$	0.05	$	(0.31)	$	(0.31)

Diluted net income (loss) per share
Numerator
Net income (loss), basic	$	2,598	$	188	$	(15,816)	$	(1,176)
Interest on convertible notes, net of tax	249		18		—		—
Net income (loss), diluted	$	2,847	$	206	$	(15,816)	$	(1,176)
Denominator
Weighted-average shares outstanding, basic	52,538,281		3,809,713		51,736,258		3,845,583
Weighted-average effect of dilutive securities:
Employee share-based awards	883,919		64,096		—		—
Convertible senior notes	828,696		60,091		—		—
Number of shares used in diluted calculation	54,250,896		3,933,900		51,736,258		3,845,583
Net income (loss) per share, diluted	$	0.05	$	0.05	$	(0.31)	$	(0.31)


	Nine months ended
	September 30, 2025				September 30, 2024
	Class A		Class B		Class A		Class B
Basic and diluted net loss per share
Numerator
Net loss, basic and diluted	$	(35,419)	$	(2,566)	$	(43,008)	$	(3,219)
Denominator
Weighted-average shares outstanding, basic and diluted	52,425,345		3,798,734		51,380,671		3,845,583
Net loss per share, basic and diluted	$	(0.68)	$	(0.68)	$	(0.84)	$	(0.84)

The anti-dilutive securities excluded from the weighted-average shares used to calculate the diluted net income (loss) per common share were as follows:


	Three months ended September 30,		Nine months ended September 30,
	2025	2024	2025	2024
Shares subject to outstanding common stock options	—	966,417	698,901	966,417
Shares subject to unvested restricted stock units and performance restricted stock units	—	2,657,795	3,082,355	2,657,795
Shares issuable pursuant to the ESPP	—	125,951	150,871	125,951
Shares underlying our convertible senior notes	5,243,238	6,132,025	6,132,025	6,132,025

Net Income (Loss) Per Share - Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Denominator
Weighted-average shares outstanding, basic (in shares)	56,347,994	55,581,841	56,224,079	55,226,254
Net income (loss) per share, basic (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Denominator
Weighted-average shares outstanding, basic (in shares)	56,347,994	55,581,841	56,224,079	55,226,254
Weighted-average effect of dilutive securities:
Number of shares used in diluted calculation (in shares)	58,184,796	55,581,841	56,224,079	55,226,254
Net income (loss) per share, diluted (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Class A Common Stock
Numerator
Net income (loss), basic	$ 2,598	$ (15,816)	$ (35,419)	$ (43,008)
Denominator
Weighted-average shares outstanding, basic (in shares)	52,538,281	51,736,258	52,425,345	51,380,671
Net income (loss) per share, basic (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Numerator
Net income (loss), basic	$ 2,598	$ (15,816)	$ (35,419)	$ (43,008)
Interest on convertible notes, net of tax	249	0
Net income (loss), diluted	$ 2,847	$ (15,816)	$ (35,419)	$ (43,008)
Denominator
Weighted-average shares outstanding, basic (in shares)	52,538,281	51,736,258	52,425,345	51,380,671
Weighted-average effect of dilutive securities:
Employee share-based awards (in shares)	883,919	0
Convertible senior notes (in shares)	828,696	0
Number of shares used in diluted calculation (in shares)	54,250,896	51,736,258	52,425,345	51,380,671
Net income (loss) per share, diluted (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Class B Common Stock
Numerator
Net income (loss), basic	$ 188	$ (1,176)	$ (2,566)	$ (3,219)
Denominator
Weighted-average shares outstanding, basic (in shares)	3,809,713	3,845,583	3,798,734	3,845,583
Net income (loss) per share, basic (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Numerator
Net income (loss), basic	$ 188	$ (1,176)	$ (2,566)	$ (3,219)
Interest on convertible notes, net of tax	18	0
Net income (loss), diluted	$ 206	$ (1,176)	$ (2,566)	$ (3,219)
Denominator
Weighted-average shares outstanding, basic (in shares)	3,809,713	3,845,583	3,798,734	3,845,583
Weighted-average effect of dilutive securities:
Employee share-based awards (in shares)	64,096	0
Convertible senior notes (in shares)	60,091	0
Number of shares used in diluted calculation (in shares)	3,933,900	3,845,583	3,798,734	3,845,583
Net income (loss) per share, diluted (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)

Convertible Senior Notes - Summary of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Debt Disclosure [Abstract]
Contractual interest expense	$ 2,394	$ 2,394	$ 7,182	$ 7,182
Amortization of issuance costs	611	609	1,831	1,826
Total	$ 3,005	$ 3,003	$ 9,013	$ 9,008

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Disaggregation of Revenue [Line Items]
Revenue	$ 224,166	$ 185,621	$ 645,633	$ 538,791
Subscription and support
Disaggregation of Revenue [Line Items]
Revenue	209,560	171,035	593,295	486,749
XBRL professional services
Disaggregation of Revenue [Line Items]
Revenue	11,772	11,704	44,214	43,324
Other services
Disaggregation of Revenue [Line Items]
Revenue	$ 2,834	$ 2,882	$ 8,124	$ 8,718

- Definition

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

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

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Convertible Senior Notes - Net Carrying Amount of Convertible Debt (Details) - Convertible debt - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
2026 Notes
Debt Instrument [Line Items]
Principal	$ 71,242	$ 71,242
Unamortized issuance costs	(238)	(441)
Net carrying amount	71,004	70,801
2028 Notes
Debt Instrument [Line Items]
Principal	702,000	702,000
Unamortized issuance costs	(6,281)	(7,910)
Net carrying amount	$ 695,719	$ 694,090

- Definition

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- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

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+ Details

Cash Equivalents and Marketable Securities - Schedule of Marketable Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024	Sep. 30, 2024
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, amortized cost	$ 315,914	$ 301,835	$ 248,239
Debt Securities, Available-for-sale [Line Items]
Marketable securities, amortized cost	539,829	514,060
Marketable securities, unrealized gains	1,155	911
Marketable securities, unrealized losses	(107)	(386)
Marketable securities, aggregate fair value	540,877	514,585
Cash and cash equivalents and available-for-sale securities, amortized cost	731,939	661,834
Cash and cash equivalents and available-for-sale securities, unrealized gains		913
Cash and cash equivalents and marketable securities, aggregate fair value	732,987	662,361
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Marketable securities, amortized cost	4,497	2,059
Marketable securities, unrealized gains	0	0
Marketable securities, unrealized losses	0	0
Marketable securities, aggregate fair value	4,497	2,059
U.S. treasury debt securities
Debt Securities, Available-for-sale [Line Items]
Marketable securities, unrealized gains	621
Marketable securities, unrealized losses	(37)	(240)
Cash and cash equivalents and available-for-sale securities, amortized cost	280,269	263,064
Cash and cash equivalents and available-for-sale securities, unrealized gains		403
Cash and cash equivalents and marketable securities, aggregate fair value	280,853	263,227
U.S. government agency debt securities
Debt Securities, Available-for-sale [Line Items]
Marketable securities, amortized cost	72,502	80,891
Marketable securities, unrealized gains	71	170
Marketable securities, unrealized losses	(26)	(39)
Marketable securities, aggregate fair value	72,547	81,022
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Marketable securities, amortized cost	188,547	178,619
Marketable securities, unrealized gains	463	340
Marketable securities, unrealized losses	(44)	(107)
Marketable securities, aggregate fair value	188,966	178,852
Money market funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, amortized cost	186,124	137,201
Cash and cash equivalents, aggregate fair value	186,124	137,201
Cash Equivalents
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents, amortized cost	192,110	147,774
Cash and cash equivalents, unrealized gains		2
Cash and cash equivalents, aggregate fair value	$ 192,110	$ 147,776

Geographic Information - Narrative (Details) - segment	3 Months Ended		9 Months Ended
Geographic Information - Narrative (Details) - segment	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Segment Reporting [Abstract]
Number of operating segments			1
Number of reportable segments			1
U.S. \| Revenue From Contract With Customer, Americas Revenue \| Geographic Concentration Risk
Concentration Risk [Line Items]
Concentration risk percentage	91.00%	92.00%	92.00%	93.00%

- Definition

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

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+ Details

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT - USD ($) $ in Thousands	Total	Common Stock (Class A and B)	Additional Paid-in-Capital	Accumulated Other Comprehensive (Loss) Income	Accumulated Deficit
Beginning of the period (in shares) at Dec. 31, 2023		54,179,000
Beginning of the period at Dec. 31, 2023	$ (89,390)	$ 54	$ 562,942	$ 255	$ (652,641)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	23,007		23,007
Issuance of common stock upon exercise of stock options (in shares)		19,000
Issuance of common stock upon exercise of stock options	302	$ 1	301
Issuance of common stock under employee stock purchase plan (in shares)		88,000
Issuance of common stock under employee stock purchase plan	7,113		7,113
Issuance of restricted stock units (in shares)		590,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)		(91,000)
Tax withholding related to net share settlements of stock-based compensation awards	(8,611)		(8,611)
Net income (loss)	(11,687)				(11,687)
Other comprehensive (loss) income	(3,890)			(3,890)
End of period (in shares) at Mar. 31, 2024		54,785,000
End of period at Mar. 31, 2024	(83,156)	$ 55	584,752	(3,635)	(664,328)
Beginning of the period (in shares) at Dec. 31, 2023		54,179,000
Beginning of the period at Dec. 31, 2023	(89,390)	$ 54	562,942	255	(652,641)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(46,227)
Other comprehensive (loss) income	2,664
End of period (in shares) at Sep. 30, 2024		55,373,000
End of period at Sep. 30, 2024	(50,810)	$ 56	645,083	2,919	(698,868)
Beginning of the period (in shares) at Mar. 31, 2024		54,785,000
Beginning of the period at Mar. 31, 2024	(83,156)	$ 55	584,752	(3,635)	(664,328)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	25,402		25,402
Issuance of common stock upon exercise of stock options (in shares)		18,000
Issuance of common stock upon exercise of stock options	290		290
Issuance of restricted stock units (in shares)		131,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)		(20,000)
Tax withholding related to net share settlements of stock-based compensation awards	(1,640)		(1,640)
Net income (loss)	(17,548)				(17,548)
Other comprehensive (loss) income	(1,095)			(1,095)
End of period (in shares) at Jun. 30, 2024		54,914,000
End of period at Jun. 30, 2024	(77,747)	$ 55	608,804	(4,730)	(681,876)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	27,470		27,470
Issuance of common stock upon exercise of stock options (in shares)		208,000
Issuance of common stock upon exercise of stock options	3,274	$ 1	3,273
Issuance of common stock under employee stock purchase plan (in shares)		106,000
Issuance of common stock under employee stock purchase plan	6,709		6,709
Issuance of restricted stock units (in shares)		160,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)		(15,000)
Tax withholding related to net share settlements of stock-based compensation awards	(1,173)		(1,173)
Net income (loss)	(16,992)				(16,992)
Other comprehensive (loss) income	7,649			7,649
End of period (in shares) at Sep. 30, 2024		55,373,000
End of period at Sep. 30, 2024	(50,810)	$ 56	645,083	2,919	(698,868)
Beginning of the period (in shares) at Dec. 31, 2024		55,492,000
Beginning of the period at Dec. 31, 2024	(41,684)	$ 56	672,363	(6,420)	(707,683)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	27,888		27,888
Issuance of common stock upon exercise of stock options (in shares)		44,000
Issuance of common stock upon exercise of stock options	631		631
Issuance of common stock under employee stock purchase plan (in shares)		119,000
Issuance of common stock under employee stock purchase plan	7,535		7,535
Issuance of restricted stock units (in shares)		698,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)		(138,000)
Tax withholding related to net share settlements of stock-based compensation awards	(12,922)		(12,922)
Repurchases of Class A common stock (in shares)		(462,000)
Repurchases of Class A common stock	(40,118)		(40,118)
Net income (loss)	(21,371)				(21,371)
Other comprehensive (loss) income	4,306			4,306
End of period (in shares) at Mar. 31, 2025		55,753,000
End of period at Mar. 31, 2025	(75,735)	$ 56	655,377	(2,114)	(729,054)
Beginning of the period (in shares) at Dec. 31, 2024		55,492,000
Beginning of the period at Dec. 31, 2024	$ (41,684)	$ 56	672,363	(6,420)	(707,683)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	193,495
Net income (loss)	$ (37,985)
Other comprehensive (loss) income	13,210
End of period (in shares) at Sep. 30, 2025		56,005,000
End of period at Sep. 30, 2025	(36,927)	$ 56	701,895	6,790	(745,668)
Beginning of the period (in shares) at Mar. 31, 2025		55,753,000
Beginning of the period at Mar. 31, 2025	(75,735)	$ 56	655,377	(2,114)	(729,054)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	28,467		28,467
Issuance of common stock upon exercise of stock options (in shares)		123,000
Issuance of common stock upon exercise of stock options	1,803		1,803
Issuance of restricted stock units (in shares)		108,000
Tax withholding related to net share settlements of stock-based compensation awards (in shares)		(8,000)
Tax withholding related to net share settlements of stock-based compensation awards	(569)		(569)
Repurchases of Class A common stock (in shares)		(132,000)
Repurchases of Class A common stock	(10,002)		(10,002)
Net income (loss)	(19,400)				(19,400)
Other comprehensive (loss) income	8,908			8,908
End of period (in shares) at Jun. 30, 2025		55,844,000
End of period at Jun. 30, 2025	(66,528)	$ 56	675,076	6,794	(748,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense	30,246		30,246
Issuance of common stock upon exercise of stock options (in shares)		27,000
Issuance of common stock upon exercise of stock options	440		440
Issuance of common stock under employee stock purchase plan (in shares)		108,000
Issuance of common stock under employee stock purchase plan	6,163		6,163
Issuance of restricted stock units (in shares)		152,000
Tax withholding related to net share settlements of stock-based compensation awards	(29)		(29)
Repurchases of Class A common stock (in shares)		(126,000)
Repurchases of Class A common stock	(10,001)		(10,001)
Net income (loss)	2,786				2,786
Other comprehensive (loss) income	(4)			(4)
End of period (in shares) at Sep. 30, 2025		56,005,000
End of period at Sep. 30, 2025	$ (36,927)	$ 56	$ 701,895	$ 6,790	$ (745,668)

Organization and Significant Accounting Policies	9 Months Ended
Organization and Significant Accounting Policies	Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Significant Accounting Policies	Organization and Significant Accounting Policies Organization Workiva Inc., a Delaware corporation, and its wholly-owned subsidiaries (the “Company” or “we” or “us”), is a leading platform for transparency, accountability, and trust. Finance, accounting, sustainability, risk, and audit teams worldwide rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, AI-powered, audit-ready, collaborative platform. Our operational headquarters are located in Ames, Iowa. We also lease office facilities or contract with flexible workspace providers throughout the United States ("U.S"). and internationally. Basis of Presentation and Principles of Consolidation The financial information presented in the accompanying unaudited consolidated financial statements has been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The consolidated balance sheet data as of December 31, 2024 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting primarily of normal recurring accruals, necessary for a fair presentation of our financial position and results of operations. The operating results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results expected for the full year ending December 31, 2025. Seasonality affects our revenue, expenses and cash flows from operations. Revenue from professional services is generally higher in the first quarter of our calendar year as many of our customers file their Form 10-K in the first calendar quarter. Our sales and marketing expense also has some degree of seasonality. Sales and marketing expenses have historically been higher in the third quarter due to our annual user conference typically held in September. In addition, our operating cash flow may be affected by the timing of employee cash bonus payments during the first and fourth calendar quarters and by the timing of payouts under our commission plans in the first quarter. The consolidated financial information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in this report and the consolidated financial statements and notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the SEC on February 25, 2025. The unaudited consolidated financial statements include the accounts of Workiva Inc. and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. These estimates include, but are not limited to, the allowance for doubtful accounts, the determination of the relative selling prices of our services, the measurement of material rights, health insurance claims incurred but not yet reported, valuation of available-for-sale marketable securities, useful lives of deferred contract costs, intangible assets and property and equipment, goodwill, income taxes, discount rates used in the valuation of right-of-use assets and lease liabilities, and certain assumptions used in the valuation of equity awards. While these estimates are based on our best knowledge of current events and actions that may affect us in the future, actual results may differ materially from these estimates. Enactment of the One Big Beautiful Bill Act of 2025 On July 4, 2025, H.R. 1, commonly known as the One Big Beautiful Bill Act (the “OBBB”), was signed into law. This includes significant changes to the federal corporate tax provisions and extends certain otherwise expiring provisions of the 2017 Tax Cuts and Jobs Act. Among other things, the legislation reinstates expensing for domestic research and experimental expenditures, imposes new limitations on interest expense deductibility, and expands disallowed deductions for certain employee remuneration. The OBBB legislation has multiple effective dates, with some provisions taking effect in 2025 and others phased in through 2027. In accordance with Accounting Standards Codification (“ASC”) 740, “Income Taxes,” Workiva has recognized the effects of the OBBB during the current quarter. The new legislation had an immaterial favorable impact on our income tax expense and tax receivable and does not have a material impact on our annual effective tax rate or net deferred tax assets. We will continue to evaluate the future provisions but do not anticipate any material impact to our financial statements. New Accounting Pronouncements Not Yet Adopted In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Upon adoption we will include additional income tax disclosures as required by the new guidance. The standard will not have an impact on our consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive and Income - Expense Disaggregation Disclosures (Subtopic 220-40), requiring public business entities (PBEs) to provide disaggregated disclosures of relevant income statement expenses. The amendments aim to improve financial reporting by enhancing transparency in the notes to financial statements, specifically regarding expense categories. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are assessing the effect of this update on our consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024-04, Induced Conversions of Convertible Debt Instruments, which amends the guidance in ASC 470-20 for induced conversions of convertible debt instruments. The update clarifies the accounting treatment for debt conversion wherein inducement offers are made, regardless of whether the settlement is in equity, cash, or a combination of both. Previously, induced conversions were limited to equity settlements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2025. We are assessing the effect of this update on our consolidated financial statements and related disclosures.

Geographic Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Revenue by Geographic Region

Revenue by geographical region consisted of the following (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Subscription and support revenue
Americas	$	164,847	$	138,833	$	471,099	$	399,534
Other	44,713		32,202		122,196		87,215
Professional services revenue
Americas	12,809		13,359		46,134		46,662
Other	1,797		1,227		6,204		5,380
Total	$	224,166	$	185,621	$	645,633	$	538,791

Schedule of Long-lived Assets by Geographic Areas

Aggregate long-lived assets by geographical region consisted of the following (in thousands):


	As of September 30, 2025		As of December 31, 2024
Americas	$	26,667	$	29,148
Other	3,994		4,463
Total	$	30,661	$	33,611

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	$ 540,877	$ 514,585
Cash and cash equivalents and marketable securities	732,987	662,361
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	4,497	2,059
U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and marketable securities	280,853	263,227
U.S. government agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	72,547	81,022
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	188,966	178,852
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	186,124	137,201
Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	192,110	147,776
Level 2 \| 2026 Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of convertible debt	85,100
Level 2 \| 2028 Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of convertible debt	689,400
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	540,877	514,585
Total assets measured at fair value	732,987	662,361
Recurring \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	4,497	2,059
Recurring \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and marketable securities	280,853	263,227
Recurring \| U.S. government agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	72,547	81,022
Recurring \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	188,966	178,852
Recurring \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	186,124	137,201
Recurring \| Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	192,110	147,776
Recurring \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	186,124	137,201
Recurring \| Level 1 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and marketable securities	0	0
Recurring \| Level 1 \| U.S. government agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	0	0
Recurring \| Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	186,124	137,201
Recurring \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets measured at fair value	546,863	525,160
Recurring \| Level 2 \| Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	4,497	2,059
Recurring \| Level 2 \| U.S. treasury debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents and marketable securities	280,853	263,227
Recurring \| Level 2 \| U.S. government agency debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	72,547	81,022
Recurring \| Level 2 \| Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	188,966	178,852
Recurring \| Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$ 0	$ 0

Supplemental Consolidated Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2025

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of September 30, 2025		As of December 31, 2024
Accrued bonuses	$	26,834	$	7,891
Customer deposits	25,708		24,500
Accrued vacation	18,837		18,698
Accrued commissions	12,522		23,336
Accrued payroll	9,233		9,638
ESPP employee contributions	4,734		7,710
Operating lease liabilities	4,677		4,896
Estimated health insurance claims	2,575		3,986
Accrued interest	1,197		3,591
Accrued other liabilities	13,842		22,262
Total	$	120,159	$	126,508

Revenue Recognition

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table presents our revenue disaggregated by type of good or service (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Subscription and support	$	209,560	$	171,035	$	593,295	$	486,749
XBRL professional services	11,772		11,704		44,214		43,324
Other services	2,834		2,882		8,124		8,718
Total	$	224,166	$	185,621	$	645,633	$	538,791

Deferred Revenue

We recognized $186.2 million and $153.0 million of revenue during the three months ended September 30, 2025 and 2024, respectively, that was included in the deferred revenue balances at the beginning of the respective periods. We recognized $402.4 million and $331.2 million of revenue during the nine months ended September 30, 2025 and 2024, respectively, that was included in the deferred revenue balances at the beginning of the respective periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of September 30, 2025, we expect revenue of approximately $1.3 billion to be recognized from remaining performance obligations for subscription contracts. We expect to recognize approximately $700.9 million of these remaining performance obligations over the next 12 months with the balance substantially recognized in the 24 months thereafter.

- Definition

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

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+ Details

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Cost of revenue
Subscription and support	$	2,635	$	2,164	$	7,579	$	5,708
Professional services	1,102		858		3,204		2,348
Operating expenses
Research and development	6,592		5,681		19,198		15,474
Sales and marketing	9,855		9,942		29,496		26,470
General and administrative	10,062		8,825		27,124		25,879
Total	$	30,246	$	27,470	$	86,601	$	75,879

Schedule of Stock-Option Activity

The following table summarizes the option activity under the Plan for the nine months ended September 30, 2025:


	Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)

Outstanding at December 31, 2024	892,396	$	14.09	1.7



Exercised	(193,495)	14.86
Outstanding at September 30, 2025	698,901	$	13.88	1.1

Exercisable at September 30, 2025	698,901	$	13.88	1.1

Schedule of Restricted Stock Units and Performance Restricted Stock Units Activity

The following table summarizes the restricted stock unit and performance restricted stock unit activity under the Plan for the nine months ended September 30, 2025:


	Number of Shares	Weighted- Average Grant Date Fair Value

Unvested at December 31, 2024	2,723,666	$	91.56
Granted	1,551,095	91.80
Forfeited	(235,294)	90.50
Vested(1)	(957,112)	94.96
Unvested at September 30, 2025	3,082,355	$	90.70

(1) During the nine months ended September 30, 2025, in accordance with our Nonqualified Deferred Compensation Plan, recipients of 5,634 shares elected to defer settlement of their vested restricted stock units and 9,375 shares were released from deferral.

Stock-Based Compensation - Restricted Stock Units and Performance Restricted Stock Units (Details)	9 Months Ended
	Sep. 30, 2025 $ / shares shares
Restricted stock units and Performance restricted stock units
Number of Shares (in shares)
Unvested at beginning of period (in shares)	2,723,666
Granted (in shares)	1,551,095
Forfeited (in shares)	(235,294)
Vested (in shares)	(957,112)
Unvested at end of period (in shares)	3,082,355
Weighted- Average Grant Date Fair Value (in dollars per share)
Unvested at beginning of period (in dollars per share) \| $ / shares	$ 91.56
Granted (in dollars per share) \| $ / shares	91.80
Forfeited (in dollars per share) \| $ / shares	90.50
Vested (in dollars per share) \| $ / shares	94.96
Unvested at end of period (in dollars per share) \| $ / shares	$ 90.70
Restricted stock units
Weighted- Average Grant Date Fair Value (in dollars per share)
Number of vested shares recipient elected to defer settlement (in shares)	5,634
Number of vested shares recipients elected to defer settlement, released during period (in shares)	9,375

Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents our revenue disaggregated by type of good or service (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Subscription and support	$	209,560	$	171,035	$	593,295	$	486,749
XBRL professional services	11,772		11,704		44,214		43,324
Other services	2,834		2,882		8,124		8,718
Total	$	224,166	$	185,621	$	645,633	$	538,791

Intangible Assets and Goodwill - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense related to intangible assets	$ 1.7	$ 2.0	$ 5.6	$ 4.8

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

Supplemental Consolidated Balance Sheet Information (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Accrued Expenses and Other Current Liabilities
Accrued bonuses	$ 26,834	$ 7,891
Customer deposits	25,708	24,500
Accrued vacation	18,837	18,698
Accrued commissions	12,522	23,336
Accrued payroll	9,233	9,638
ESPP employee contributions	4,734	7,710
Operating lease liabilities	4,677	4,896
Estimated health insurance claims	2,575	3,986
Accrued interest	1,197	3,591
Accrued other liabilities	13,842	22,262
Total	$ 120,159	$ 126,508

Cash Equivalents and Marketable Securities (Tables)

9 Months Ended

Sep. 30, 2025

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

As of September 30, 2025, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	186,124	$	—	$	—	$	186,124
Commercial paper	4,497		—		—		4,497
U.S. treasury debt securities	280,269		621		(37)		280,853
U.S. government agency debt securities	72,502		71		(26)		72,547
Corporate debt securities	188,547		463		(44)		188,966

	$	731,939	$	1,155	$	(107)	$	732,987
Included in cash and cash equivalents	$	192,110	$	—	$	—	$	192,110
Included in marketable securities	$	539,829	$	1,155	$	(107)	$	540,877

As of December 31, 2024, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	137,201	$	—	$	—	$	137,201
Commercial paper	2,059		—		—		2,059
U.S. treasury debt securities	263,064		403		(240)		263,227
U.S. government agency debt securities	80,891		170		(39)		81,022
Corporate debt securities	178,619		340		(107)		178,852

	$	661,834	$	913	$	(386)	$	662,361
Included in cash and cash equivalents	$	147,774	$	2	$	—	$	147,776
Included in marketable securities	$	514,060	$	911	$	(386)	$	514,585

Schedule of Cash and Cash Equivalents

As of September 30, 2025, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	186,124	$	—	$	—	$	186,124
Commercial paper	4,497		—		—		4,497
U.S. treasury debt securities	280,269		621		(37)		280,853
U.S. government agency debt securities	72,502		71		(26)		72,547
Corporate debt securities	188,547		463		(44)		188,966

	$	731,939	$	1,155	$	(107)	$	732,987
Included in cash and cash equivalents	$	192,110	$	—	$	—	$	192,110
Included in marketable securities	$	539,829	$	1,155	$	(107)	$	540,877

As of December 31, 2024, cash equivalents and marketable securities consisted of the following (in thousands):


	Amortized Cost		Unrealized Gains		Unrealized Losses		Aggregate Fair Value
Money market funds	$	137,201	$	—	$	—	$	137,201
Commercial paper	2,059		—		—		2,059
U.S. treasury debt securities	263,064		403		(240)		263,227
U.S. government agency debt securities	80,891		170		(39)		81,022
Corporate debt securities	178,619		340		(107)		178,852

	$	661,834	$	913	$	(386)	$	662,361
Included in cash and cash equivalents	$	147,774	$	2	$	—	$	147,776
Included in marketable securities	$	514,060	$	911	$	(386)	$	514,585

Schedule of Investments Classified by Contractual Maturity Date

The contractual maturities of the investments classified as marketable securities are as follows (in thousands):


	As of September 30, 2025
Due within one year	$	323,063
Due in one to two years	213,982
Due in three to five years	3,832
	$	540,877

Schedule of Available-for-sale Securities, Continuous Unrealized Loss Position


	As of September 30, 2025
	Less than 12 months				12 months or greater
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss
U.S. treasury debt securities	$	33,979	$	(19)	$	18,036	$	(18)
U.S. government agency debt securities	17,173		(24)		2,735		(2)
Corporate debt securities	33,064		(44)		—		—

Total	$	84,216	$	(87)	$	20,771	$	(20)

- Definition

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

+ References

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

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

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

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

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

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

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

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

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

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

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

+ Details

Geographic Information - Revenue and Long-lived Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024	Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 224,166	$ 185,621	$ 645,633	$ 538,791
Long-lived assets	30,661		30,661		$ 33,611
Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	26,667		26,667		29,148
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	3,994		3,994		$ 4,463
Subscription and support revenue
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	209,560	171,035	593,295	486,749
Subscription and support revenue \| Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	164,847	138,833	471,099	399,534
Subscription and support revenue \| Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	44,713	32,202	122,196	87,215
Professional services revenue
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	11,772	11,704	44,214	43,324
Professional services revenue \| Americas
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	12,809	13,359	46,134	46,662
Professional services revenue \| Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,797	$ 1,227	$ 6,204	$ 5,380

- Definition

+ References

+ Details

Fair Value Measurements

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

We determine the fair values of our financial instruments based on the fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

The fair value assumes that the transaction to sell the asset or transfer the liability occurs in the principal or most advantageous market for the asset or liability and establishes that the fair value of an asset or liability shall be determined based on the assumptions that market participants would use in pricing the asset or liability. The classification of a financial asset or liability within the hierarchy is based upon the lowest level input that is significant to the fair value measurement. The fair value hierarchy prioritizes the inputs into three levels that may be used to measure fair value:

Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 - Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.

Level 3 - Inputs are unobservable inputs based on our assumptions.

Financial Assets

Cash equivalents primarily consist of AAA-rated money market funds with overnight liquidity and no stated maturities. We classified cash equivalents as Level 1 due to the short-term nature of these instruments and measured the fair value based on quoted prices in active markets for identical assets.

When available, our marketable securities are valued using quoted prices for identical instruments in active markets. If we are unable to value our marketable securities using quoted prices for identical instruments in active markets, we value our investments using broker reports that utilize quoted market prices for comparable instruments. We validate, on a sample basis, the derived prices provided by the brokers by comparing their assessment of the fair values of our investments against the fair values of the portfolio balances of another third-party professional pricing service. As of September 30, 2025, all of our marketable securities were valued using quoted prices for comparable instruments in active markets and are classified as Level 2.

Based on our valuation of our money market funds and marketable securities, we concluded that they are classified in either Level 1 or Level 2, and we have no financial assets measured using Level 3 inputs on a recurring basis. The following table presents information about our assets that are measured at fair value on a recurring basis using the above input categories (in thousands):


	Fair Value Measurements as of September 30, 2025						Fair Value Measurements as of December 31, 2024
Description	Total		Level 1		Level 2		Total		Level 1		Level 2
Money market funds	$	186,124	$	186,124	$	—	$	137,201	$	137,201	$	—
Commercial paper	4,497		—		4,497		2,059		—		2,059
U.S. treasury debt securities	280,853		—		280,853		263,227		—		263,227
U.S. government agency debt securities	72,547		—		72,547		81,022		—		81,022
Corporate debt securities	188,966		—		188,966		178,852		—		178,852

	$	732,987	$	186,124	$	546,863	$	662,361	$	137,201	$	525,160

Included in cash and cash equivalents	$	192,110					$	147,776
Included in marketable securities	$	540,877					$	514,585

Convertible Senior Notes

As of September 30, 2025, the fair value of our convertible senior notes due in 2026 and 2028 was $85.1 million and $689.4 million, respectively. The fair value was determined based on the quoted price of the convertible senior notes in an over-the-counter market on the last trading day of the reporting period and has been classified as Level 2 in the fair value hierarchy. See Note 5 to the consolidated financial statements for more information.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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-Name Accounting Standards Codification
-Section 55
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
-Section 50
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-Topic 820
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-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
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-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Convertible Senior Notes (Tables)

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Convertible Debt

The following table presents details of our convertible senior notes, which are further discussed below (original principal in thousands):

Month Issued

Maturity Date

Free Convertibility Date

Redemption Date

Original Principal (including overallotment)

Initial Conversion Rate per $1,000 Principal

Initial Conversion Price

2026 Notes

August 2019

August 15, 2026

May 15, 2026

August 21, 2023

345,000

12.4756

80.16

2028 Notes

August 2023

August 15, 2028

May 15, 2028

August 21, 2026

702,000

7.4690

133.89

The net carrying amount of the Notes was as follows (in thousands):


	As of September 30, 2025				As of December 31, 2024
	2026 Notes		2028 Notes		2026 Notes		2028 Notes
Principal	$	71,242	$	702,000	$	71,242	$	702,000
Unamortized issuance costs	(238)		(6,281)		(441)		(7,910)
Net carrying amount	$	71,004	$	695,719	$	70,801	$	694,090

Interest expense related to the Notes was as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Contractual interest expense	$	2,394	$	2,394	$	7,182	$	7,182
Amortization of issuance costs	611		609		1,831		1,826
Total	$	3,005	$	3,003	$	9,013	$	9,008

Stock-Based Compensation - Stock Options (Details)	9 Months Ended	12 Months Ended
Stock-Based Compensation - Stock Options (Details)	Sep. 30, 2025 $ / shares shares	Dec. 31, 2024 $ / shares shares
Options (in shares):
Outstanding beginning of the period (in shares) \| shares	892,396
Exercised (in shares) \| shares	(193,495)
Outstanding end of the period (in shares) \| shares	698,901	892,396
Exercisable (in shares) \| shares	698,901
Weighted-Average Exercise Price (in dollars per share):
Outstanding beginning of the period (in dollars per share) \| $ / shares	$ 14.09
Exercised (in dollars per share) \| $ / shares	14.86
Outstanding end of the period (in dollars per share) \| $ / shares	13.88	$ 14.09
Exercisable (in dollars per share) \| $ / shares	$ 13.88
Outstanding, weighted-average remaining contractual term (years)	1 year 1 month 6 days	1 year 8 months 12 days
Exercisable, weighted-average remaining contractual term (years)	1 year 1 month 6 days

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation From time to time we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We evaluate the development of legal matters on a regular basis and accrue a liability when we believe a loss is probable and the amount can be reasonably estimated. Although the results of litigation and claims cannot be predicted with certainty, we currently believe that the final outcome of any currently pending legal proceedings to which we are a party will not have a material adverse effect on our business, operating results, financial condition or cash flows. Regardless of the outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.

Stock-Based Compensation - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 30,246	$ 27,470	$ 86,601	$ 75,879
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	6,592	5,681	19,198	15,474
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	9,855	9,942	29,496	26,470
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	10,062	8,825	27,124	25,879
Subscription and support \| Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	2,635	2,164	7,579	5,708
Professional services \| Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation expense	$ 1,102	$ 858	$ 3,204	$ 2,348

Intangible Assets and Goodwill - Goodwill Activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2025 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 196,844
Foreign currency translation adjustments	9,111
Goodwill, ending balance	$ 205,955

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

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+ Details

Stock-Based Compensation - Narrative (Details) - shares	Sep. 30, 2025	Dec. 31, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)	698,901	892,396
2009 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)		0

- Definition

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

+ References

+ Details

Revenue Recognition - Deferred Revenue and Transaction Price Allocated to the Remaining Performance Obligations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized	$ 186.2	$ 153.0	$ 402.4	$ 331.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	1,300.0		1,300.0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue expected to be recognized	$ 700.9		$ 700.9
Expected period of recognition	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Expected period of recognition	24 months		24 months

Intangible Assets and Goodwill - Amortization of Intangible Assets by Fiscal Year (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2025	$ 1,570
2026	5,984
2027	4,577
2028	4,100
2029	2,942
Thereafter	4,360
Net Carrying Amount	$ 23,533	$ 27,389

Organization and Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The financial information presented in the accompanying unaudited consolidated financial statements has been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in accordance with rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. The consolidated balance sheet data as of December 31, 2024 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting primarily of normal recurring accruals, necessary for a fair presentation of our financial position and results of operations. The operating results for the three and nine months ended September 30, 2025 are not necessarily indicative of the results expected for the full year ending December 31, 2025.
Principles of Consolidation	All intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We base our estimates on historical experience and various other assumptions believed to be reasonable. These estimates include, but are not limited to, the allowance for doubtful accounts, the determination of the relative selling prices of our services, the measurement of material rights, health insurance claims incurred but not yet reported, valuation of available-for-sale marketable securities, useful lives of deferred contract costs, intangible assets and property and equipment, goodwill, income taxes, discount rates used in the valuation of right-of-use assets and lease liabilities, and certain assumptions used in the valuation of equity awards. While these estimates are based on our best knowledge of current events and actions that may affect us in the future, actual results may differ materially from these estimates.
New Accounting Pronouncements Not Yet Adopted	In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in an entity’s income tax rate reconciliation table and regarding cash taxes paid both in the U.S. and foreign jurisdictions. The standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. Upon adoption we will include additional income tax disclosures as required by the new guidance. The standard will not have an impact on our consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive and Income - Expense Disaggregation Disclosures (Subtopic 220-40), requiring public business entities (PBEs) to provide disaggregated disclosures of relevant income statement expenses. The amendments aim to improve financial reporting by enhancing transparency in the notes to financial statements, specifically regarding expense categories. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. We are assessing the effect of this update on our consolidated financial statements and related disclosures. In November 2024, the FASB issued ASU 2024-04, Induced Conversions of Convertible Debt Instruments, which amends the guidance in ASC 470-20 for induced conversions of convertible debt instruments. The update clarifies the accounting treatment for debt conversion wherein inducement offers are made, regardless of whether the settlement is in equity, cash, or a combination of both. Previously, induced conversions were limited to equity settlements. The amendments in this update are effective for annual reporting periods beginning after December 15, 2025. We are assessing the effect of this update on our consolidated financial statements and related disclosures.
Fair Value of Financial Instruments	Cash equivalents primarily consist of AAA-rated money market funds with overnight liquidity and no stated maturities. We classified cash equivalents as Level 1 due to the short-term nature of these instruments and measured the fair value based on quoted prices in active markets for identical assets. When available, our marketable securities are valued using quoted prices for identical instruments in active markets. If we are unable to value our marketable securities using quoted prices for identical instruments in active markets, we value our investments using broker reports that utilize quoted market prices for comparable instruments. We validate, on a sample basis, the derived prices provided by the brokers by comparing their assessment of the fair values of our investments against the fair values of the portfolio balances of another third-party professional pricing service.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

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+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 2,786	$ (16,992)	$ (37,985)	$ (46,227)
Other comprehensive (loss) income
Foreign currency translation adjustment	(335)	4,657	12,691	1,446
Unrealized gain on available-for-sale securities	331	2,992	519	1,218
Other comprehensive (loss) income	(4)	7,649	13,210	2,664
Comprehensive income (loss)	$ 2,782	$ (9,343)	$ (24,775)	$ (43,563)

- Definition

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

+ References + Details

- Definition

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

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+ Details

Cash Equivalents and Marketable Securities - Schedule of Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Due within one year	$ 323,063
Due in one to two years	213,982
Due in three to five years	3,832
Marketable securities	$ 540,877	$ 514,585

- Definition

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

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Cash flows from operating activities
Net income (loss)	$ 2,786	$ (16,992)	$ (37,985)	$ (46,227)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	2,687	3,006	8,529	8,092
Stock-based compensation expense	30,246	27,470	86,601	75,879
Provision for (recovery of) doubtful accounts	59	57	(286)	(46)
Accretion of premiums and discounts on marketable securities, net	(1,119)	(2,638)	(4,204)	(9,543)
Amortization of debt discount and issuance costs	611	609	1,832	1,826
Deferred income tax	2	(1)	(75)	(292)
Changes in assets and liabilities:
Accounts receivable	(23,250)	(15,187)	6,882	(11,507)
Deferred costs	(2,717)	(4,946)	1,364	(15,140)
Operating lease right-of-use assets	1,430	1,210	4,136	3,808
Other receivables	(714)	(1,745)	221	2,796
Prepaid expenses and other	(459)	344	(2,921)	2,764
Other assets	(47)	464	691	(1,191)
Accounts payable	69	4,788	2,965	7,630
Deferred revenue	35,855	26,606	32,841	22,159
Operating lease liabilities	(973)	(878)	(2,891)	(2,831)
Accrued expenses and other liabilities	1,689	(3,261)	(8,592)	5,559
Net cash provided by operating activities	46,155	18,906	89,108	43,736
Cash flows from investing activities
Purchase of property and equipment	(91)	(243)	(1,849)	(554)
Purchase of marketable securities	(107,321)	(158,522)	(313,271)	(310,075)
Maturities of marketable securities	97,350	108,993	291,702	345,733
Sale of marketable securities	0	0	0	4,609
Acquisitions, net of cash acquired	0	187	0	(98,093)
Purchase of intangible assets	(45)	(44)	(105)	(116)
Net cash used in investing activities	(10,107)	(49,629)	(23,523)	(58,496)
Cash flows from financing activities
Proceeds from option exercises	440	3,273	2,874	3,865
Taxes paid related to net share settlements of stock-based compensation awards	(29)	(1,173)	(13,520)	(11,424)
Proceeds from shares issued in connection with employee stock purchase plan	6,163	6,709	13,698	13,822
Repurchases of Class A common stock	(10,001)	0	(60,121)	0
Principal payments on finance lease obligations	(141)	(134)	(418)	(395)
Net cash (used in) provided by financing activities	(3,568)	8,675	(57,487)	5,868
Effect of foreign exchange rates on cash	(819)	2,390	6,178	925
Net increase (decrease) in cash, cash equivalents, and restricted cash	31,661	(19,658)	14,276	(7,967)
Cash, cash equivalents, and restricted cash at beginning of period	284,965	268,412	302,350	256,721
Cash, cash equivalents, and restricted cash at end of period	316,626	248,754	316,626	248,754
Supplemental cash flow disclosure
Cash paid for interest	4,975	4,983	10,144	10,085
Cash paid for income taxes, net of refunds	684	1,387	6,194	4,520
Noncash investing and financing activities
Purchases of property and equipment, accrued but not paid	0	259	0	259
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents at end of period	315,914	248,239	315,914	248,239
Restricted cash included within prepaid expenses and other at end of period	712	515	712	515
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows	$ 316,626	$ 248,754	$ 316,626	$ 248,754

Geographic Information

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Geographic Information

Our chief operating decision maker is our Chief Executive Officer ("CEO"). Our CEO reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. There are no segment managers who are held accountable by the chief operating decision maker, or anyone else, for operations, operating results and planning for levels or components below the consolidated unit level. Accordingly, we determined we have one operating and reportable segment.

Revenue by geographical region consisted of the following (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Subscription and support revenue
Americas	$	164,847	$	138,833	$	471,099	$	399,534
Other	44,713		32,202		122,196		87,215
Professional services revenue
Americas	12,809		13,359		46,134		46,662
Other	1,797		1,227		6,204		5,380
Total	$	224,166	$	185,621	$	645,633	$	538,791

Revenue by geography is generally based on the country of the customer as specified in our subscription order. Total Americas revenue attributed to the U.S. was approximately 91% and 92% during the three months ended September 30, 2025 and 2024, respectively, and 92% and 93% during the nine months ended September 30, 2025 and 2024, respectively. No other country represented more than 10% of total revenue during the periods presented.

Our long-lived assets, which primarily consist of property and equipment and operating lease right-of-use assets, are attributed to a country based on the physical location of the assets. Aggregate long-lived assets by geographical region consisted of the following (in thousands):


	As of September 30, 2025		As of December 31, 2024
Americas	$	26,667	$	29,148
Other	3,994		4,463
Total	$	30,661	$	33,611

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 21
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Supplemental Consolidated Balance Sheet Information

9 Months Ended

Sep. 30, 2025

Payables and Accruals [Abstract]

Supplemental Consolidated Balance Sheet Information

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As of September 30, 2025		As of December 31, 2024
Accrued bonuses	$	26,834	$	7,891
Customer deposits	25,708		24,500
Accrued vacation	18,837		18,698
Accrued commissions	12,522		23,336
Accrued payroll	9,233		9,638
ESPP employee contributions	4,734		7,710
Operating lease liabilities	4,677		4,896
Estimated health insurance claims	2,575		3,986
Accrued interest	1,197		3,591
Accrued other liabilities	13,842		22,262
Total	$	120,159	$	126,508

Convertible Senior Notes - Summary of Convertible Debt (Details) - Convertible debt	1 Months Ended
	Aug. 31, 2023 USD ($) $ / shares	Aug. 31, 2019 USD ($) $ / shares
2026 Notes
Debt Instrument [Line Items]
Original Principal (including overallotment) \| $		$ 345,000,000
Initial Conversion Rate		0.0124756
Initial Conversion Price (in dollars per share) \| $ / shares		$ 80.16
2028 Notes
Debt Instrument [Line Items]
Original Principal (including overallotment) \| $	$ 702,000,000
Initial Conversion Rate	0.007469
Initial Conversion Price (in dollars per share) \| $ / shares	$ 133.89

- Definition

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

+ References

+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024	Sep. 30, 2025	Sep. 30, 2024
Revenue
Total revenue	$ 224,166	$ 185,621	$ 645,633	$ 538,791
Cost of revenue
Total cost of revenue	46,378	43,671	144,263	126,366
Gross profit	177,788	141,950	501,370	412,425
Operating expenses
Research and development	51,403	48,425	160,026	142,328
Sales and marketing	101,127	89,756	306,823	257,086
General and administrative	28,663	25,551	84,822	76,225
Total operating expenses	181,193	163,732	551,671	475,639
Loss from operations	(3,405)	(21,782)	(50,301)	(63,214)
Interest income	8,442	9,298	25,533	30,089
Interest expense	(3,195)	(3,199)	(9,584)	(9,668)
Other income (expense), net	318	(350)	(651)	(309)
Income (loss) before provision for income taxes	2,160	(16,033)	(35,003)	(43,102)
(Benefit) provision for income taxes	(626)	959	2,982	3,125
Net income (loss)	$ 2,786	$ (16,992)	$ (37,985)	$ (46,227)
Net income (loss) per common share
Basic (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Diluted (in dollars per share)	$ 0.05	$ (0.31)	$ (0.68)	$ (0.84)
Weighted-average common shares outstanding
Weighted-average common shares outstanding - basic (in shares)	56,347,994	55,581,841	56,224,079	55,226,254
Weighted-average common shares outstanding - diluted (in shares)	58,184,796	55,581,841	56,224,079	55,226,254
Subscription and support
Revenue
Total revenue	$ 209,560	$ 171,035	$ 593,295	$ 486,749
Cost of revenue
Total cost of revenue	33,824	30,621	103,163	86,493
Professional services
Revenue
Total revenue	14,606	14,586	52,338	52,042
Cost of revenue
Total cost of revenue	$ 12,554	$ 13,050	$ 41,100	$ 39,873

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets Measured on Recurring Basis

The following table presents information about our assets that are measured at fair value on a recurring basis using the above input categories (in thousands):


	Fair Value Measurements as of September 30, 2025						Fair Value Measurements as of December 31, 2024
Description	Total		Level 1		Level 2		Total		Level 1		Level 2
Money market funds	$	186,124	$	186,124	$	—	$	137,201	$	137,201	$	—
Commercial paper	4,497		—		4,497		2,059		—		2,059
U.S. treasury debt securities	280,853		—		280,853		263,227		—		263,227
U.S. government agency debt securities	72,547		—		72,547		81,022		—		81,022
Corporate debt securities	188,966		—		188,966		178,852		—		178,852

	$	732,987	$	186,124	$	546,863	$	662,361	$	137,201	$	525,160

Included in cash and cash equivalents	$	192,110					$	147,776
Included in marketable securities	$	540,877					$	514,585

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2025	Oct. 30, 2025
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2025
Document Transition Report	false
Entity File Number	001-36773
Entity Registrant Name	WORKIVA INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2509828
Entity Address, Address Line One	2900 University Blvd
Entity Address, City or Town	Ames
Entity Address, State or Province	IA
Entity Address, Postal Zip Code	50010
City Area Code	888
Local Phone Number	275-3125
Title of 12(b) Security	Class A common stock, par value $.001
Trading Symbol	WK
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001445305
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2025
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		52,432,466
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		3,695,583

Convertible Senior Notes

9 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Convertible Senior Notes

The following table presents details of our convertible senior notes, which are further discussed below (original principal in thousands):

Month Issued

Maturity Date

Free Convertibility Date

Redemption Date

Original Principal (including overallotment)

Initial Conversion Rate per $1,000 Principal

Initial Conversion Price

2026 Notes

August 2019

August 15, 2026

May 15, 2026

August 21, 2023

345,000

12.4756

80.16

2028 Notes

August 2023

August 15, 2028

May 15, 2028

August 21, 2026

702,000

7.4690

133.89

In August 2019, we issued $345.0 million aggregate principal amount of 1.125% convertible senior notes due 2026 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, including the exercise in full by the initial purchasers of their option to purchase an additional $45.0 million principal amount (the "2026 Notes”). The 2026 Notes bear interest at a fixed rate of 1.125% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2020. Proceeds from the issuance of the 2026 Notes totaled $335.9 million, net of initial purchaser discounts and issuance costs.

In August 2023, we issued $702.0 million aggregate principal amount of 1.250% convertible senior notes due 2028 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, including the partial exercise of 77.0 million principal amount by the initial purchasers of their option to purchase up to an additional $100 million principal amount (the "2028 Notes”). The 2028 Notes bear interest at a fixed rate of 1.250% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on February 15, 2024. Proceeds from the issuance of the 2028 Notes totaled $691.1 million, net of initial purchaser discounts and issuance costs.

The 2026 Notes and the 2028 Notes are together referred to as the "Notes".

The Notes were issued pursuant to an indenture and are senior, unsecured obligations of the Company. The 2028 Notes will rank equally with all of the Company’s existing and future senior unsecured indebtedness, including the Company’s outstanding 2026 Notes.

Holders of the Notes may convert all or a portion of their Notes prior to the close of business on their respective Free Convertibility dates, in multiples of $1,000 principal amount, only under the following circumstances:

•during any calendar quarter commencing after the calendar quarter in which the respective Notes were issued (and only during such calendar quarter), if the last reported sale price of our Class A common stock, par value $0.001 per share, 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 immediately following any ten consecutive trading day period (the “measurement period”) in which the trading price (as defined below) per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of our Class A common stock and the conversion rate on each such trading day;

•if we call any or all of the Notes for redemption, at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or

•upon the occurrence of certain specified corporate events as set forth in the relevant indenture.

On or after the relevant Free Convertibility Date, holders of the Notes may convert their Notes at any time until the close of business on the second scheduled trading day immediately preceding the maturity date of the Notes.

Upon conversion, we will pay or deliver, as the case may be, cash, shares of our Class A common stock or a combination of cash and shares of our Class A common stock, at our election, in the manner and subject to the terms and conditions provided in the indenture.

The Company may redeem for cash all or any portion of the Notes, at its option, on or after the respective Redemption Date, if the last reported sale price of the Company’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the respective Redemption Date.

As of September 30, 2025, the Free Convertibility Date for the 2026 Notes is less than one year from the balance sheet date and therefore the 2026 Notes are classified as current liabilities on the consolidated balance sheet. During the third quarter of 2025 none of the conversion conditions related to our 2028 Notes were met and therefore the 2028 Notes are not convertible at the option of the holders. As a result, the 2028 Notes were classified as non-current liabilities on the consolidated balance sheet as of September 30, 2025.

Interest expense representing the amortization of issuance costs as well as contractual interest expense is amortized to interest expense at an effective interest rate of 1.5% and 1.6% over the term of the 2026 Notes and 2028 Notes, respectively.

As of September 30, 2025, the remaining life of the 2026 Notes and 2028 Notes were approximately 0.8 years and 2.8 years, respectively.

The net carrying amount of the Notes was as follows (in thousands):


	As of September 30, 2025				As of December 31, 2024
	2026 Notes		2028 Notes		2026 Notes		2028 Notes
Principal	$	71,242	$	702,000	$	71,242	$	702,000
Unamortized issuance costs	(238)		(6,281)		(441)		(7,910)
Net carrying amount	$	71,004	$	695,719	$	70,801	$	694,090

Interest expense related to the Notes was as follows (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Contractual interest expense	$	2,394	$	2,394	$	7,182	$	7,182
Amortization of issuance costs	611		609		1,831		1,826
Total	$	3,005	$	3,003	$	9,013	$	9,008

Intangible Assets and Goodwill (Tables)

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Intangible Assets

The following table presents the components of net intangible assets (in thousands):


	As of September 30, 2025							As of December 31, 2024
	Weighted Average Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Acquired technology	4.7	$	26,987	$	(16,527)	$	10,460	$	26,044	$	(11,938)	$	14,106
Acquired customer-related	9.8	17,622		(5,965)		11,657		15,852		(4,114)		11,738
Acquired trade names	5.0	736		(515)		221		655		(360)		295
Patents	10.0	3,446		(2,251)		1,195		3,341		(2,091)		1,250
Total	6.9	$	48,791	$	(25,258)	$	23,533	$	45,892	$	(18,503)	$	27,389

Schedule of Expected Amortization Expense of Intangible Assets

As of September 30, 2025, expected remaining amortization expense of intangible assets by fiscal year is as follows (in thousands):


Remainder of 2025	$	1,570
2026	5,984
2027	4,577
2028	4,100
2029	2,942
Thereafter	4,360
Total expected amortization expense	$	23,533

Schedule of the Changes in the Carrying Amount of Goodwill

The changes in the carrying amount of goodwill were as follows (in thousands):


Balance at December 31, 2024	$	196,844

Foreign currency translation adjustments	9,111
Balance at September 30, 2025	$	205,955

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Stock-Based Compensation

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation

We grant stock-based incentive awards to attract, motivate and retain qualified employees, non-employee directors and consultants, and to align their financial interests with those of our stockholders. We utilize stock-based compensation in the form of restricted stock units, performance restricted stock units, options to purchase Class A common stock and Employee Stock Purchase Plan ("ESPP") purchase rights. Prior to our corporate conversion in December 2014, awards were provided under the 2009 Unit Incentive Plan (“the 2009 Plan”). The 2009 Plan was amended to provide that no further awards will be issued thereunder, and our board of directors and stockholders adopted and approved our 2014 Equity Incentive Plan ("the Plan"). As of December 31, 2024, there were no awards outstanding under the 2009 Plan.

Stock-Based Compensation Expense

Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
Cost of revenue
Subscription and support	$	2,635	$	2,164	$	7,579	$	5,708
Professional services	1,102		858		3,204		2,348
Operating expenses
Research and development	6,592		5,681		19,198		15,474
Sales and marketing	9,855		9,942		29,496		26,470
General and administrative	10,062		8,825		27,124		25,879
Total	$	30,246	$	27,470	$	86,601	$	75,879

Stock Options

The following table summarizes the option activity under the Plan for the nine months ended September 30, 2025:


	Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)

Outstanding at December 31, 2024	892,396	$	14.09	1.7



Exercised	(193,495)	14.86
Outstanding at September 30, 2025	698,901	$	13.88	1.1

Exercisable at September 30, 2025	698,901	$	13.88	1.1

Restricted Stock Units and Performance Restricted Stock Units

The following table summarizes the restricted stock unit and performance restricted stock unit activity under the Plan for the nine months ended September 30, 2025:


	Number of Shares	Weighted- Average Grant Date Fair Value

Unvested at December 31, 2024	2,723,666	$	91.56
Granted	1,551,095	91.80
Forfeited	(235,294)	90.50
Vested(1)	(957,112)	94.96
Unvested at September 30, 2025	3,082,355	$	90.70

Employee Stock Purchase Plan

During the nine months ended September 30, 2025, 227,124 shares of common stock were purchased under the ESPP at a weighted-average price of $60.31 per share, resulting in cash proceeds of $13.7 million.

Compensation expense associated with ESPP purchase rights is recognized on a straight-line basis over the vesting period. As of September 30, 2025, there was approximately $1.7 million of total unrecognized compensation expense related to the ESPP, which is expected to be recognized over a weighted-average period of 0.3 years.