v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stock-Based Compensation Expense

The following table presents stock-based compensation expense in the Company’s condensed consolidated statements of comprehensive income or loss:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

(Amounts in thousands)

 

Cost of goods sold

 

$

377

 

 

$

612

 

 

$

981

 

 

$

1,166

 

Research and development

 

 

1,008

 

 

 

1,440

 

 

 

2,315

 

 

 

2,510

 

Selling, general and administrative

 

 

6,628

 

 

 

6,323

 

 

 

13,039

 

 

 

11,972

 

Total stock-based compensation

 

$

8,013

 

 

$

8,375

 

 

$

16,335

 

 

$

15,648

 

 
Summary of Option Activity

Information regarding option activity for the six months ended June 30, 2026 under the Plans is summarized below:

 

 

Shares

 

 

Weighted
Average
Exercise
Price

 

 

Weighted-
Average
Remaining
Contractual
Term
(in Years)

 

 

Aggregate
Intrinsic
Value
(in Thousands)

 

Options outstanding at December 31, 2025

 

 

563,273

 

 

$

108.18

 

 

 

5.17

 

 

$

34,877

 

Granted

 

 

73,781

 

 

 

119.57

 

 

 

 

 

 

 

Exercised

 

 

(2,434

)

 

 

38.76

 

 

 

 

 

$

212

 

Forfeited/expired/cancelled

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Options outstanding at June 30, 2026

 

 

634,620

 

 

$

109.77

 

 

 

5.24

 

 

$

26,317

 

Options exercisable at June 30, 2026

 

 

440,643

 

 

$

104.56

 

 

 

4.17

 

 

$

21,661

 

Vested and expected to vest at June 30, 2026 (1)

 

 

628,121

 

 

$

109.47

 

 

 

5.20

 

 

$

26,272

 

(1) Represents the number of vested options as of June 30, 2026 plus the number of unvested options expected to vest as of June 30, 2026 based on the unvested outstanding options at June 30, 2026 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.
Summary of Restricted Stock Unit Activity Information regarding stock unit activity, which includes activity for restricted stock units and performance stock units, for the six months ended June 30, 2026 under the Plans is summarized below:

 

 

Shares

 

 

Weighted Average
Grant Date
Fair Value

 

 

Unvested at December 31, 2025

 

 

555,047

 

 

$

152.80

 

 

Awarded

 

 

257,470

 

 

 

127.37

 

 

Vested

 

 

(151,006

)

 

 

151.83

 

 

Forfeited/cancelled

 

 

(69,802

)

 

 

153.13

 

 

Unvested at June 30, 2026

 

 

591,709

 

 

$

141.32

 

 

Vested and expected to vest at June 30, 2026 (1)

 

 

547,266

 

 

$

141.74

 

 
(1) Represents the number of vested stock units as of June 30, 2026 plus the number of unvested stock units expected to vest as of June 30, 2026 based on the unvested outstanding stock units at June 30, 2026 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.