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 summarizes option activity:
Number of
Options
Weighted-
Average
Exercise
Price
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value ($, in thousands)
Balance—December 31, 20245,342,909 $6.69 8.01$43,120 
Granted2,223,719 13.69 
Exercised(129,217)3.59 
Forfeited
(512,105)9.61 
Expired(2,865)26.87 
Balance—June 30, 20256,922,441 $8.77 7.99$40,747 
Exercisable—June 30, 20252,805,705 $8.26 6.40$20,359 
Schedule of Restricted Stock Unit Activity
The following table summarizes information regarding the Company's RSUs:
Number of UnitsWeighted-Average
Grant Date Fair Value
Balance—December 31, 20246,055,087 $8.04 
Granted2,783,897 13.70 
Vested(1,703,742)8.64 
Forfeited(552,782)10.06 
Unvested Balance—June 30, 20256,582,460 $10.11 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense included in the condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Research and development
$3,208 $3,799 $6,228 $7,456 
Selling, general and administrative
7,281 8,724 14,039 15,097 
Total stock-based compensation expense
$10,489 $12,523 $20,267 $22,553