v3.26.1
Restructuring Charges
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
October 2025 Restructuring Plan

In October 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of March 31, 2026, we recorded $19.0 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our condensed consolidated statements of operations based on employees' job function, and facility exit costs related to the closure of our Santa Clara office, which were classified as general and administrative operating expenses on our condensed consolidated statements of operations. The restructuring liability is primarily included within accrued liabilities on our condensed consolidated balance sheets. The total amount of restructuring charges has been recorded and we expect the plan to be substantially completed by the end of fiscal year 2028.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Three Months Ended March 31, 2026
One-Time Termination BenefitsFacility Exit CostsTotal
Beginning balance
$8,198 $1,694 $9,892 
Restructuring charges
1,132 — 1,132 
Restructuring payments
(7,467)(147)(7,614)
Ending balance
$1,863 $1,547 $3,410 

May 2025 Restructuring Plan

In May 2025, we announced a workforce reduction that resulted in a management approved restructuring plan. As of March 31, 2026, we recorded $29.3 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our condensed consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our condensed consolidated balance sheets. The total amount of restructuring charges has been recorded and we expect the plan to be substantially completed by the second quarter of the fiscal year 2026.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
Three Months Ended
March 31, 2026
Beginning balance
$6,263 
Restructuring credits(847)
Restructuring payments
(5,104)
Ending balance
$312 

November 2024 Restructuring Plan

In November 2024, we announced a workforce reduction that resulted in a management approved restructuring plan. As of March 31, 2026, we recorded $17.1 million of cumulative restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our consolidated balance sheets. The total amount of restructuring charges has been recorded and the plan is complete.
The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Three Months Ended
March 31, 2026
Beginning balance
$138 
Restructuring charges
— 
Restructuring payments
(138)
Ending balance
$— 

June 2024 Restructuring Plan

In June 2024, we announced a workforce reduction that resulted in a management approved restructuring plan. As of March 31, 2026, we recorded $10.5 million of restructuring charges, primarily related to one-time employee termination benefits, which were classified primarily within operating expenses on our consolidated statement of operations based on employees' job function. The restructuring liability is included within accrued liabilities on our consolidated balance sheets. The total amount of restructuring charges has been recorded and the plan is complete.

The following table presents a reconciliation of the beginning and ending restructuring liability balance (in thousands):
 Three Months Ended
March 31, 2026
Beginning balance
$457 
Restructuring credits(450)
Restructuring payments
(7)
Ending balance
$—