v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Stock Option Activity
The following table summarizes stock option activities for the three months ended March 31, 2026:
OptionsWeighted Average
Exercise Price
Outstanding - beginning of period545,142$2.41 
Exercised(3,300)$2.39 
Outstanding - end of period541,842$2.41 
Schedule of RSU Activity
The following table summarizes RSU activities for the three months ended March 31, 2026:
RSUsWeighted Average
Grant Date Fair Value
Outstanding - beginning of period2,543,468$12.13 
Granted318,223$10.43 
Vested(370,634)$7.98 
Forfeited(31,539)$13.05 
Outstanding - end of period2,459,518$12.52 
Schedule of Stock Based Compensation
Stock-based compensation is recorded on the Company’s condensed consolidated statements of operations and comprehensive loss as follows:
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Technology, development, and user support$2,537 $725 
General and administrative2,073 2,034 
Stock-based compensation$4,610 $2,759 
Schedule of Black-scholes Option-pricing Model, Weighted-average Assumptions The warrants were valued using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:
Exercise price$31.90 
Risk-free interest rate4.03 %
Expected dividend yield— %
Expected volatility81.32 %
Expected life (years)7.0