v3.25.4
Stock-Based Compensation and Stockholders’ Equity (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Key Assumptions Used to Determine Fair Value of Options Granted
The weighted average assumptions used in determining the fair value of stock options granted were as follows:
Year Ended December 31,
202520242023
Volatility75.8%83.7%83.6%
Risk-free interest rate4.1%4.1%3.7%
Expected life (years)6.206.216.21
Dividend yield rate—%—%—%
Schedule of Stock Options Activity
A summary of stock option activities for the year ended December 31, 2025 is presented below:
Weighted
WeightedAverage
AverageRemainingAggregate
Number ofExerciseContractualIntrinsic
SharesPer ShareTerms (Years)Value
Outstanding as of December 31, 20246,151,069 $10.29 6.16$10,691 
Granted1,110,760 12.40 
Exercised(166,936)6.97 
Forfeited or expired(986,328)11.47 
Outstanding as of December 31, 20256,108,565 $10.57 5.54$959 
Vested and expected to vest at December 31, 20256,108,565 $10.57 5.54$959 
Exercisable as of December 31, 20253,914,353 $10.02 4.08$750 
Schedule of RSUs Activity
A summary of service-based RSU activities for the year ended December 31, 2025 is presented below:
Weighted Average
RestrictedGrant Date
StockFair Value
UnitsPer Share
Outstanding as of December 31, 20243,378,867 $10.80 
Granted1,436,074 11.36 
Vested(1,194,953)9.89 
Forfeited(709,817)11.42 
Outstanding as of December 31, 20252,910,171 $11.30 
A summary of PRSU activities for the year ended December 31, 2025 is presented below:
Performance
Weighted Average
RestrictedGrant Date
StockFair Value
UnitsPer Share
Outstanding as of December 31, 2024395,984 $12.12 
Granted353,663 13.58 
Vested(93,076)10.25 
Forfeited(87,796)12.66 
Outstanding as of December 31, 2025568,775 $13.25 
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense:
Year Ended December 31,
202520242023
Selling, general and administrative$19,845 $21,172 $15,564 
Research and development853 1,016 894 
Total stock-based compensation expense, excluding capitalized stock-based compensation expense20,698 22,188 16,458 
Capitalized stock-based compensation expense in Intangible assets, net98 66 — 
Total stock-based compensation expense$20,796 $22,254 $16,458