v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories:

 

 

Three Months Ended March 31,

 

(In Thousands)

 

2026

 

 

2025

 

Cost of revenue

 

$

3

 

 

$

2

 

Sales and marketing

 

 

171

 

 

 

25

 

Product development

 

 

101

 

 

 

27

 

General and administrative

 

 

214

 

 

 

401

 

Total stock-based compensation

 

$

489

 

 

$

455

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following assumptions were used in determining the fair value of time-vested stock option grants for the periods indicated (there were no stock option grants for the three months ended March 31, 2026):

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

Expected life (in years)

 

 

 

 

4.00

Risk-free interest rate

 

 

 

 

4.01% - 4.32%

Expected volatility

 

 

 

 

57% - 58%

Summary of Stock Option Activity Stock option activity during the period was as follows:

 

Options
(In Thousands)

 

 

Weighted
average
exercise price
of options

 

 

Weighted average
remaining
contractual term
(in years)

 

Balance at December 31, 2025

 

7,633

 

 

$

1.89

 

 

 

7.50

 

Options granted

 

 

 

 

 

 

 

 

Options forfeited

 

(221

)

 

 

1.76

 

 

 

 

Options expired

 

(13

)

 

 

2.43

 

 

 

 

Options exercised

 

(1

)

 

 

1.53

 

 

 

 

Balance at March 31, 2026

 

7,398

 

 

$

1.89

 

 

 

7.14

 

Summary of RSA and RSU Activity RSA and RSU activity during the period was as follows:

 

 

Shares/
Units
(In Thousands)

 

 

Weighted Average
Grant Date
Fair Value

 

Unvested at December 31, 2025

 

 

983

 

 

$

1.84

 

Granted

 

 

659

 

 

 

1.56

 

Vested

 

 

(499

)

 

 

1.82

 

Forfeited

 

 

(23

)

 

 

1.60

 

Unvested at March 31, 2026

 

 

1,120

 

 

$

1.69