| Schedule of RSU, PRSU, and MYPSU Awards Activity |
The following table summarizes the RSU, PRSU, and MYPSU awards activity for the year ended December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSU | | PRSU | | MYPSU | | Number of
Shares | | Grant Date
Fair Value
per share | | Number of
Shares | | Grant Date
Fair Value
per share | | Number of
Shares | | Grant Date
Fair Value
per share | | | | | | | | | | | | | | Unvested at December 31, 2024 | 915,152 | | $ | 128.7 | | | 210,044 | | 104.3 | | | 285,880 | | $ | 88.6 | | | Granted | 442,745 | | 186.4 | | | 155,565 | | 187.8 | | | — | | — | | | Vested | (629,986) | | 143.8 | | | (53,090) | | 167.8 | | | — | | — | | | Forfeited | (44,920) | | 150.4 | | | — | | — | | | — | | — | | | Unvested at December 31, 2025 | 682,991 | | $ | 150.7 | | | 312,519 | | $ | 135.1 | | | 285,880 | | $ | 88.6 | |
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| Schedule of Total Stock-Based Compensation Expense |
Total stock-based compensation expense for employees recognized in the consolidated statements of operations and comprehensive loss was as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2025 | | 2024 | | 2023 | | | | | | | | (in thousands) | | Equity based awards | | | | | | | Cost of revenue | $ | 2,838 | | | $ | 1,553 | | | $ | 2,765 | | | Research and development | 38,417 | | | 34,247 | | | 30,893 | | | Selling, general and administrative | 52,216 | | | 47,632 | | | 39,111 | | | $ | 93,471 | | | $ | 83,432 | | | $ | 72,769 | | | | | | | | | Liability based awards - to be settled in equity | | | | | | | Cost of revenue | $ | 288 | | | $ | 100 | | | $ | 75 | | | Research and development | 4,112 | | | 3,701 | | | 2,017 | | | Selling, general and administrative | 5,669 | | | 5,401 | | | 1,892 | | | $ | 10,069 | | | $ | 9,202 | | | $ | 3,984 | | | Total stock-based compensation - equity and liability based | $ | 103,540 | | | $ | 92,634 | | | $ | 76,753 | | | | | | | | | Stock-based compensation expense recorded to additional paid-in capital | | | | | | | Equity based awards | $ | 93,471 | | | $ | 83,432 | | | $ | 72,769 | | | Liability based awards - settled in equity | 9,391 | | | 4,554 | | | 3,869 | | | Stock compensation expense capitalized to / (amortized from) to inventory | (509) | | | 1,136 | | | — | | | Total stock-based compensation expense recorded to additional paid-in capital | $ | 102,353 | | | $ | 89,122 | | | $ | 76,638 | |
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| Schedule of Unrecognized Compensation Costs and Related Weighted Average Period of Recognition |
The following table presents the unrecognized compensation costs and related weighted average period of recognition as of December 31, 2025: | | | | | | | | | | | | | As of
December 31, 2025 | | Unrecognized Compensation
Costs (in thousands) | | Weighted Average Period of
Recognition (in years) | | RSUs | $ | 86,650 | | | 2.2 | | PRSUs | 19,730 | | | 1.1 | | MYPSUs | 167 | | | 0.2 | | Liability-based awards | 4,518 | | | 0.3 | | Total unrecognized compensation costs | $ | 111,065 | | | |
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