v3.26.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Share-Based Compensation Expense
The following table summarizes share-based compensation expense included in our condensed consolidated statements of income related to share-based awards (in thousands):
Three Months Ended
March 31,
 20262025
Research and development$5,044 $3,229 
Selling, general and administrative11,593 7,444 
Total share-based compensation expense$16,637 $10,673 
Schedule of Share-Based Compensation Expense by Type
Share-based compensation expense by type of share-based award was as follows (in thousands):
Three Months Ended
March 31,
 20262025
Stock options$5,541 $3,809 
RSUs, PSUs and ESPP11,096 6,864 
Total share-based compensation expense$16,637 $10,673 
Schedule of Valuation Assumptions The assumptions used in the Black-Scholes Model were as follows:
Three Months Ended March 31,
 20262025
Expected volatility
29.91 - 41.95%
39.68 - 39.68%
Average expected term (in years)4.74.8
Risk-free interest rate
3.62 - 3.83%
4.34 - 4.34%
Expected dividend yield— — 
Schedule of Unrecognized Estimated Compensation Cost by Type
Total unrecognized estimated compensation cost by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized was as follows (in thousands, unless otherwise noted):
March 31, 2026
 Unrecognized
Expense
Remaining
Weighted-Average
Recognition Period
(in years)
Stock options$36,478 2.44
RSUs75,290 2.83
PSUs28,145 2.25
ESPP112 0.16