v3.26.1
Equity Incentive Plans (Tables)
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of option activities under the 2005 Stock Plan, as amended in January 2010 and November 2012 (the “2005 Plan”) and 2017 Equity Incentive Plan (the “2017 Plan”) during the three months ended March 31, 2026 is as follows:

 

 

Number
of Options
Outstanding

 

 

Weighted-
Average
Exercise
Price

 

 

Weighted-
Average
Grant Date Fair Value per Option

 

 

Aggregate Intrinsic Value Exercised (in thousands)

 

 

Weighted-
Average
Remaining Contractual term (in years)

 

Outstanding at December 31, 2025

 

 

1,689,142

 

 

$

26.41

 

 

 

 

 

 

 

 

 

 

Granted

 

 

83,336

 

 

$

7.20

 

 

$

4.34

 

 

 

 

 

 

 

Exercised

 

 

(2,000

)

 

$

3.06

 

 

 

 

 

$

9

 

 

 

 

Canceled

 

 

(9,255

)

 

$

21.13

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2026

 

 

1,761,223

 

 

$

25.56

 

 

 

 

 

 

 

 

 

 

Option exercisable at March 31, 2026

 

 

1,372,687

 

 

$

28.12

 

 

 

 

 

 

 

 

 

 

Option vested and expected to vest at March 31, 2026

 

 

1,761,223

 

 

$

25.56

 

 

 

 

 

$

196

 

 

 

6.05

 
Schedule of Unvested Restricted Stock Units Awards Activity

A summary of restricted stock unit (“RSU”) activities under the 2017 Plan during the three months ended March 31, 2026 is as follows:

 

 

Number
of RSUs

 

 

Weighted-
Average
Grant Date Fair Value per RSU

 

 

Aggregate Fair Value of RSUs Vested (in thousands)

 

Unvested RSUs at December 31, 2025

 

 

520,379

 

 

$

18.10

 

 

 

 

Granted

 

 

5,594

 

 

$

7.15

 

 

 

 

Vested

 

 

(70,237

)

 

$

18.60

 

 

$

468

 

Unvested RSUs at March 31, 2026

 

 

455,736

 

 

$

17.89

 

 

 

 
Schedule of Unvested Performance Stock Units Awards Activity

A summary of PSU activities under the 2017 Plan during the three months ended March 31, 2026 is as follows:

 

 

Number
of PSUs

 

 

Weighted-
Average
Grant Date Fair Value per PSU

 

 

Aggregate Fair Value of PSUs Vested (in thousands)

 

 

 

Unvested PSUs at December 31, 2025

 

 

1,757,277

 

 

$

16.47

 

 

 

 

 

 

Granted

 

 

119,196

 

 

$

13.77

 

 

 

 

 

 

Vested

 

 

(59,598

)

 

$

13.77

 

 

$

397

 

 

 

Forfeited

 

 

(59,598

)

 

$

13.77

 

 

 

 

 

 

Unvested PSUs at March 31, 2026

 

 

1,757,277

 

 

$

16.47

 

 

 

 

 

 
Schedule of Stock-Based Compensation Expense for All Award Types Recorded in Consolidated Statements of Operations

Total stock-based compensation expense associated with the 2005 Plan, 2017 Plan and 2017 ESPP is recorded in the condensed consolidated statements of operations and was allocated as follows (in thousands):

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Cost of revenues

$

856

 

 

$

648

 

Sales and marketing

 

385

 

 

 

591

 

Research and development

 

383

 

 

 

393

 

General and administrative

 

855

 

 

 

1,772

 

Total

$

2,479

 

 

$

3,404