v3.25.2
Equity-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of The Restricted Stock
SHARESWEIGHTED-
AVERAGE
GRANT DATE
FAIR VALUE
Non-vested restricted stock as of December 31, 2024157,486$22.94 
Granted—— 
Vested(33,267)23.00 
Forfeited—— 
Non-vested restricted stock as of June 30, 2025124,219$22.92 
Schedule of The Company's RSU activity
A summary of the Company’s RSU activity is as follows:
UNITSWEIGHTED-
AVERAGE
GRANT DATE
FAIR VALUE
Non-vested RSUs as of December 31, 20243,204,589$19.61 
Granted616,403 11.60 
Vested*(1,344,638)20.59 
Forfeited(190,036)19.05 
Non-vested RSUs as of June 30, 20252,286,318$16.92 
___________________________________
* The number of the RSUs vested included 479,577 shares that were withheld on behalf of employees to satisfy the statutory tax withholding requirements.
Schedule of Nonvested Performance-Based Units Activity
A summary of the Company’s PSU activity for the period ended June 30, 2025 is as follows:
UNITS WEIGHTED-
AVERAGE
GRANT DATE
FAIR VALUE
Non-vested PSUs as of December 31, 2024645,377$20.95 
Granted1,062,98710.27 
Vested—— 
Forfeited(3,322)23.24 
 Cancelled*(201,138)22.13 
Non-vested PSUs as of June 30, 20251,503,904$13.24 
__________________________________
*During the first half of 2025, the Company cancelled 201,138 PSU shares that did not meet the required performance conditions for vesting.
Schedule of Compensation Expense
The following table summarizes the components of total equity-based compensation expense included in the condensed consolidated statements of operations and comprehensive income (loss) for each period presented:
THREE MONTHS ENDED
JUNE 30,		SIX MONTHS ENDED
JUNE 30,
2025202420252024
(In thousands)
Cost of revenues$2,464 $3,621 $5,598 $6,860 
Sales and marketing1,056 1,064 1,890 1,681 
Research and development668 1,355 1,601 3,004 
General and administrative 4,057 3,743 6,226 7,311 
Total$8,245 $9,783 $15,315 $18,856