v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss was as follows:
Three Months Ended June 30,
Six Months Ended June 30,
2025
2024
2025
2024
Restricted stock units$5,863 $1,767 $9,345 $4,534 
Performance-based restricted stock units
1,264 — 5,356 — 
Stock options— 90 — 264 
Total$7,127 $1,857 $14,701 $4,798 
Schedule Share Based Compensation Award Valuation Assumptions
The following summarizes the key assumptions used to estimate the fair value of the TSR awards that were granted, and the resulting weighted average grant date fair value.
2025 TSR Awards
2024 TSR Awards
Company share price
$4.54 $1.74 
Company volatility117.2 %115.3 %
Company correlation
30.6 %36.1 %
Company dividend yield— %— %
Weighted average performance term
2.3 years
2.4 years
Weighted average risk-free interest rate3.7 %4.3 %
Peer group average volatility55.9 %54.3 %
Peer group average correlation
47.1 %44.2 %
Weighted average grant date fair value$6.84 $3.19