Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement, Expensed and Capitalized, Amount

The Company’s stock-based compensation expense is recorded as follows (in thousands):


	Three months ended March 31,
	2026		2025
Cost of revenue	$	990	$	657
Sales and marketing(1)	5,790		5,129
Research and development	3,206		3,147
General and administrative	6,696		4,819
Total stock-based compensation expense	$	16,682	$	13,752

_______________

(1)Sales and marketing includes common stock warrant expense of $2.2 million recognized during the each of the three months ended March 31, 2026 and 2025. See Note 7 – Stockholders’ Equity.

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

A summary of option activity for the three months ended March 31, 2026, is as follows:


	Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Options outstanding as of December 31, 2025	2,525,061	$	15.42	5.3	$	19,780
Exercised	(50,209)	14.79
Forfeited or expired	(18,135)	20.91
Options outstanding as of March 31, 2026	2,456,717	$	15.39	5.1	$	35,943
Options vested and exercisable as of March 31, 2026	2,200,490	$	14.85	4.8	$	33,337

A summary of RSU activity for the three months ended March 31, 2026, is as follows:


	RSUs	Weighted Average Grant Date Fair Value per Share
Unvested and outstanding as of December 31, 2025	2,436,259	$	50.28
Granted	2,512,627	22.35
Vested	(270,830)	39.38
Forfeited or expired	(76,936)	38.97
Unvested and outstanding as of March 31, 2026	4,601,120	$	35.86