v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes the activity for all stock options under all of the Company’s equity incentive plans for the six months ended June 30, 2025 (shares and aggregate intrinsic value in thousands):
Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual LifeAggregate Intrinsic Value
Outstanding at December 31, 20243,507 $19.05 4.54$3,882 
Granted— — 
Exercised(11)7.89 
Canceled(54)15.91 
Outstanding at June 30, 20253,442 $19.13 4.09$2,859 
Options vested and exercisable at June 30, 20253,280 $18.59 3.96$2,859 
Schedule of Activity for all Restricted Stock Units (RSUs)
The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the six months ended June 30, 2025 (shares in thousands):
Number of AwardsWeighted Average Grant Date Fair Value
Unvested balance at December 31, 202412,375 $16.29 
Granted12,478 6.67 
Issued(3,642)16.04 
Canceled / forfeited(790)13.46 
Unvested balance at June 30, 202520,421 $10.75 
Schedule of Stock-Based Compensation Expense
The Company recognized stock-based compensation expense, including ESPP expenses, in the consolidated statements of operations as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Cost of customer agreements and incentives$2,279 $2,299 $4,772 $4,245 
Cost of solar energy systems and product sales
533 535 987 1,089 
Sales and marketing10,780 11,816 20,936 26,991 
Research and development1,151 4,462 2,144 7,074 
General and administration10,315 8,983 21,190 17,565 
Total$25,058 $28,095 $50,029 $56,964