v3.25.4
Share-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following weighted-average assumptions were used to calculate the fair value of employee option grants:
Year Ended December 31,
202520242023
Expected dividend yield0%0%0%
Risk-free interest rate
3.66% - 4.42%
3.52% - 4.48%
3.52% - 4.93%
Expected volatility
53% - 70%
68% - 69%
67% - 68%
Expected term (in years)
5.89 - 6.07
5.00 - 6.05
5.19 - 6.06
Schedule of Stock Option Award Activity
A summary of stock option award activity under the 2011 Plan and 2025 Plan is as follows (in thousands, except years and per-share data):
Number of Shares
Weighted-Average Exercise Price
Weighted-Average Remaining
Term (Years)
Aggregate Intrinsic Value
Outstanding as of December 31, 202411,069$6.94 6.8$13,942 
Granted
1,94710.73 
Exercised
(1,596)6.22 
Canceled and forfeited
(546)7.50 
Outstanding as of December 31, 202510,874$7.69 6.4$88,095 
Vested and exercisable as of December 31, 20257,645$7.12 5.5$66,236 
Schedule of Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of unvested shares as of December 31, 2025 is as follows (in thousands, except per share information):
Restricted Stock UnitsWeighted-Average Grant Date Fair Value
Unvested as of December 31, 2024— $— 
Granted1,00120.03
Vested7619.27
Canceled/Forfeited——
Unvested as of December 31, 2025925 $20.09 
Schedule of Stock-based Compensation Expense
A summary of share-based compensation expense recognized in the consolidated statement of operations and comprehensive loss is as follows (in thousands):
Year Ended December 31,
202520242023
Services cost of revenue$169 $219 $87 
Research and development2,228 1,713 1,585 
Sales and marketing3,918 2,602 2,180 
General and administrative6,640 4,886 4,888 
Total share-based compensation expense$12,955 $9,420 $8,740