v3.25.2
Stock-Based Compensation Plans (Tables)
12 Months Ended
May 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount The Company recognized stock-based compensation associated with the 2022 and 2024 Plans as follows (in thousands):
May 31, 2025May 31, 2024May 31, 2023
Cost of revenue
$2,504 $1,465 $— 
Selling, general, and administrative
19,988 5,508 32,072 
Capitalized (1)
1,465 207 — 
Total stock-based compensation
$23,957 $7,180 $32,072 
(1)Capitalized to CIP in the consolidated balance sheets.
Schedule of Share-Based Payment Arrangement, Restricted Stock Awards and Restricted Stock Unit, Activity
The following is a summary of the activity and balances for unvested restricted stock awards outstanding for the fiscal year ended May 31, 2025:
Number of SharesWeighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024
638,895 $4.01 
Granted— — 
Vested(351,801)4.16 
Forfeited(15,650)8.52 
Outstanding as of May 31, 2025
271,444 $3.55 
The following is a summary of the activity and balances for unvested restricted stock units outstanding for the fiscal year ended May 31, 2025:
Number of SharesWeighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024
5,230,986 $4.10 
Granted5,915,480 7.09 
Vested(2,618,163)4.64 
Forfeited(1,868,473)4.07 
Outstanding as of May 31, 2025
6,659,830 $6.56 
Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award
The following is a summary of the activity and balances for unvested performance stock units outstanding for the fiscal year ended May 31, 2025:
Number of Shares
Weighted Average Grant Date Fair Value Per Share
Outstanding as of May 31, 2024
3,110,011 $2.69 
Awarded
7,207,500 6.59 
Vested
(310,011)6.95 
Forfeited
(2,800,000)2.22 
Outstanding as of May 31, 2025
7,207,500 $6.59