v3.25.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation  
Schedule of assumptions used to estimate the fair value of stock options

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Weighted-average fair value of options granted

 

$3.62

 

 

$3.64

 

Expected volatility

 

 

70%

 

 

75%

Expected life (in years)

 

 

5.78

 

 

 

5.69

 

Risk-free interest rate

 

 

4.43%

 

 

4.13%

Expected dividend yield

 

 

0.00%

 

 

0.00%
Schedule of stock option activity

 

 

Number of Shares

 

 

Weighted-Average

Exercise Price

 

 

Weighted-Average

Remaining

Contract Life

 

Aggregate

Intrinsic Value

(in thousands)

 

Outstanding at January 1, 2024

 

 

7,995,799

 

 

 

2.73

 

 

5.3 years

 

 

3,362

 

Granted

 

 

328,500

 

 

 

1.88

 

 

 

 

 

 

 

Exercised

 

 

(1,460,404)

 

 

1.32

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(201,096)

 

 

3.04

 

 

 

 

 

 

 

Outstanding at December 31, 2024

 

 

6,662,799

 

 

 

2.64

 

 

4.9 years

 

 

19,469

 

Granted

 

 

405,500

 

 

 

5.72

 

 

 

 

 

 

 

Exercised

 

 

(3,270,703)

 

 

1.57

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

(143,098)

 

 

5.00

 

 

 

 

 

 

 

Outstanding at December 31, 2025

 

 

3,654,498

 

 

 

4.38

 

 

4.4 years

 

 

7,707

 

Shares vested and expected to vest

 

 

3,603,664

 

 

 

4.37

 

 

5.3 years

 

 

7,503

 

Exercisable as of December 31, 2025

 

 

3,269,982

 

 

 

4.30

 

 

3.8 years

 

 

7,170

 

Exercisable as of December 31, 2024

 

 

5,866,379

 

 

 

2.89

 

 

3.8 years

 

 

14,950

 

Summary of RSUs outstanding

 

 

Years Ended December 31,

 

 

 

2026

 

 

2027

 

 

2028

 

RSUs with service-based vesting conditions

 

 

225

 

 

 

165

 

 

 

37

 

Summary of RSUs activity

 

 

Number of Units

 

 

Weighted-Average

Fair Value

 

Outstanding at January 1, 2024

 

 

13,334

 

 

$1.73

 

Granted

 

 

440,000

 

 

 

5.24

 

Vested/released

 

 

(109,166)

 

 

5.05

 

Cancelled/forfeited

 

 

(38,334)

 

 

4.73

 

Outstanding at December 31, 2024

 

 

305,834

 

 

 

5.21

 

Granted

 

 

395,000

 

 

 

5.87

 

Vested/released

 

 

(228,321)

 

 

5.48

 

Cancelled/forfeited

 

 

(7,500)

 

 

5.36

 

Outstanding at December 31, 2025

 

 

465,013

 

 

 

5.64

 

Schedule of statement of operations effect of stock-based compensation

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Share-based compensation expense by type:

 

 

 

 

 

 

Stock options

 

$1,633

 

 

$2,399

 

Restricted stock units

 

 

1,299

 

 

 

603

 

Total cost related to share-based compensation expense

 

$2,932

 

 

$3,002

 

Share-based compensation expense by financial statement line item:

 

 

 

 

 

 

 

 

Cost of revenue

 

$358

 

 

$476

 

Research and development

 

 

474

 

 

 

611

 

Selling and marketing

 

 

440

 

 

 

548

 

General and administrative

 

 

1,660

 

 

 

1,367

 

Total cost related to share-based compensation expense

 

$2,932

 

 

$3,002