v3.25.4
Shareholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity The following table summarizes stock option activities for 2025:
Options
Weighted Average
Exercise Price
Outstanding - beginning of period
866,135
$2.41
Exercised
(320,993)
$2.40
Outstanding - end of period
545,142
$2.41
Schedule of RSU Activity The following table summarizes RSU activities for 2025:
RSUs
Weighted Average
Grant Date Fair Value Price
Outstanding - beginning of period
2,904,901
$4.14
Granted
1,270,707
$26.20
Vested
(1,414,455)
$8.46
Forfeited
(217,685)
$9.35
Outstanding - end of period
2,543,468
$12.13
Schedule of Stock Based Compensation Share-based compensation for the years ended December 31, 2025 and 2024 is recorded on the Company’s consolidated
statements of operations and comprehensive (loss) income as follows:
(in thousands)
2025
2024
Technology, development, and user support
$6,733
$2,829
General and administrative
7,604
4,328
Share-based compensation
$14,337
$7,157
Schedule of Black-Scholes Option-Pricing Model, Weighted-Average Assumptions For the year ended December 31, 2025, the expense related to the
issuance of the warrants was $2.0 million using the Black-Scholes option-pricing model, based on the following weighted-
average assumptions:
December 31, 2025
Exercise price
$31.90
Risk-free interest rate
4.03%
Expected dividend yield
Expected volatility
81.32%
Expected life (years)
7.0