v3.26.1
Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Restricted Stock Units :

 

 

Number of units

 

 

Weighted average
grant-date fair value

 

Unvested as of December 31, 2025

 

 

654,227

 

 

$

34.41

 

Granted(1)

 

 

22,657

 

 

$

49.25

 

Vested and delivered

 

 

(24,041

)

 

$

27.62

 

Withheld as treasury stock(2)

 

 

(10,618

)

 

$

27.99

 

Forfeited

 

 

(7,291

)

 

$

37.62

 

Unvested as of March 31, 2026

 

 

634,934

 

 

$

35.27

 

 

(1)
During the three months ended March 31, 2026, the Company granted an aggregate of 22,657 RSUs to certain employees and directors at grant date fair values ranging from $42.39 to $52.81 per share, with vesting periods ranging from three to four years.
(2)
Withheld as treasury stock represents shares withheld to pay statutory taxes upon the vesting of RSUs. Refer to Note 7, "Shareholders' equity" for details.
Summary of Allocated Share-based Compensation

Share-based compensation was allocated to the following accounts in the condensed consolidated financial statements for the three months ended March 31, 2026 and 2025:

 

 

 

Three Months Ended March 31,

 

(In thousands)

 

2026

 

 

2025

 

Cost of revenue (exclusive of depreciation and amortization)

 

$

15

 

 

$

-

 

Sales and marketing expenses

 

$

228

 

 

$

195

 

General and administrative expenses

 

 

1,807

 

 

 

1,401

 

Share-based compensation expense

 

 

2,050

 

 

 

1,596

 

Capitalized in intangible assets

 

 

366

 

 

 

382

 

Total

 

$

2,416

 

 

$

1,978