v3.26.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Costs
The following table shows the stock-based compensation cost by award type for the periods indicated:
Three Months Ended March 31,
20262025
(in thousands)
Equity classified awards
Restricted stock units$6,987 $10,788 
Class B common stock 16 263 
Liability-classified awards— 2 
Total stock-based compensation$7,003 $11,053 
The following table sets forth the total stock-based compensation cost included in the Company’s condensed consolidated statements of operations and comprehensive income or capitalized to assets for the periods indicated:
Three Months Ended March 31,
20262025
(in thousands)
Cost of revenue
Platform$192 $267 
Products19 6 
Total cost of revenue211 273 
Research and development2,388 3,437 
Sales and marketing1,854 3,114 
General and administrative2,009 3,626 
Total stock-based compensation expense$6,462 $10,450 
Capitalized for software development costs368 423 
Capitalized to inventories173 180 
Total stock-based compensation$7,003 $11,053 
Schedule of Restricted Stock Unit Activity
A summary of the Company’s service-based RSU activity under the 2021 Equity Incentive Plan is as follows:
Number of
RSUs
Weighted-
Average
Grant Date
Fair Value
(per share)
Outstanding at December 31, 202513,045,511 $7.13 
Granted104,000 $4.28 
Dividend equivalent grants308,414 — 
Vested(2,237,774)$7.64 
Forfeited / cancelled(274,554)$6.74 
Outstanding at March 31, 202610,945,597 $6.70 
A summary of the Company’s PRSU activity under the 2021 Equity Incentive Plan is as follows:
Number of
PRSUs (a)
Weighted-
Average
Grant Date
Fair Value
(per share)
Outstanding at December 31, 202518,985,312 $13.13 
Dividend equivalent grants448,845 $— 
Forfeited / cancelled(207,935)$10.57 
Outstanding at March 31, 202619,226,222 $13.15 
a.Represents the maximum number of PRSUs assuming all performance targets are achieved.
Schedule of Stock Option Activity
A summary of the Company’s stock option activity under the 2021 Equity Incentive Plan is as follows:
Number of
Options
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Term
(Years)
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at December 31, 20252,700,911 $17.50 1.1$— 
Forfeited / cancelled(2,218,889)$17.50 
Outstanding and expected to vest at March 31, 2026
482,022 $17.50 4.9$— 
Vested and exercisable at March 31, 2026482,022 $17.50 4.9$—