v3.26.1
Stock-Based Incentive Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The table below summarizes the stock option activity for the three months ended March 31, 2026:
Number of
Shares
Weighted-
Average
Exercise
Price
Weighted-Average Contractual Remaining Life (Years)Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2025803,172 $11.99 
Exercised
(7,346)$4.58 
Canceled and forfeited(1,665)$5.73 
Outstanding as of March 31, 2026794,161 $12.07 1.80$3,420 
Options vested and exercisable as of March 31, 2026
794,161 $12.07 1.80$3,420 
Options vested and expected to vest as of March 31, 2026
794,161 $12.07 1.80$3,420 
Schedule of Valuation Assumptions The table below summarizes the assumptions used to estimate the grant date fair value of the PSUs granted:
Three Months Ended March 31,
2026
2025
Expected volatility of common stock48.0%to51.0%49.0%to57.0%
Expected volatility of peer companies31.0%to110.0%30.0%to126.0%
Correlation coefficient of peer companies(0.08) to 1.000.05to1.00
Risk-free interest rate3.3%to3.4%4.1%to4.2%
Dividend yield—%to1.0%—%to1.0%
Schedule of Restricted Stock Unit Activity
The table below summarizes RSU and PSU activity for the three months ended March 31, 2026:
RSUsPSUs
Number of SharesWeighted Average Grant Date Fair ValueNumber of SharesWeighted Average Grant Date Fair Value
Outstanding as of December 31, 20251,916,581$17.30785,457$16.17
Granted1,132,35715.44178,86013.23
Vested(279,990)17.78(267,006)14.44
Canceled and forfeited(29,796)16.29(1,731)11.08
Outstanding as of March 31, 20262,739,15216.49695,58016.09
Schedule of Performance-based Restricted Stock Unit Activity Arrangement
The table below summarizes RSU and PSU activity for the three months ended March 31, 2026:
RSUsPSUs
Number of SharesWeighted Average Grant Date Fair ValueNumber of SharesWeighted Average Grant Date Fair Value
Outstanding as of December 31, 20251,916,581$17.30785,457$16.17
Granted1,132,35715.44178,86013.23
Vested(279,990)17.78(267,006)14.44
Canceled and forfeited(29,796)16.29(1,731)11.08
Outstanding as of March 31, 20262,739,15216.49695,58016.09
Schedule of Stock-Based Compensation
The table below presents the detail of stock-based compensation expense amounts included in the condensed consolidated statements of operations:
Three Months Ended
March 31,
20262025
(in thousands)
Cost of goods sold
$132 $160 
Sales and marketing
2,313 2,623 
Research and development
688 834 
General and administrative
2,892 3,046 
$6,025 $6,663 
Schedule of Warrants Issued and Outstanding
The table below summarizes common stock warrants activity for the three months ended March 31, 2026:
DateOutstanding Balance atPrice per ShareWarrants IssuedWarrant ExercisedWarrant ExpiredOutstanding Balance at
IssuanceExpirationDecember 31, 2025March 31, 2026
3/1/20173/1/20271,388 $5.94 1,388 
12/22/201612/22/20269,712 $10.03 9,712 
11,100 11,100