v3.26.1
Stockholder's Equity
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholder's Equity
8. Stockholders’ Equity
Stock-based Compensation
Stock-based compensation expense is associated with restricted stock units (“RSUs”), RSUs with performance conditions (“PSUs”), stock options, and the Company’s Employee Stock Purchase Plan (“ESPP”).
The following table sets forth the stock-based compensation expense included in the Company’s condensed consolidated statements of operations for the three months ended March 31, 2026 and 2025 (in thousands):
 
Three Months Ended March 31,
 
2026
2025
Cost of revenue
$
941 
$
777 
Research and development
2,745 
2,166 
Sales, general and administrative
10,959 
10,842 
Total
$
14,645 
$
13,785 
As of March 31, 2026, total unrecognized compensation cost related to unvested share-based compensation arrangements, excluding PSUs, was $86.9 million, which is expected to be recognized over a weighted average period of 3.3 years.
As of March 31, 2026, total unrecognized compensation cost related to unvested PSU share-based compensation arrangements was $23.9 million, which is expected to be recognized over a weighted average period of 2.5 years.
The total stock-based compensation cost capitalized in inventory was $1.6 million and $1.6 million as of March 31, 2026 and December 31, 2025, respectively.