v3.26.1
Restructuring Charges
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring Charges Restructuring Charges
2025 Restructuring Plan

During 2025, the company implemented a workforce reduction initiative designed to align operating costs with strategic priorities, resulting in employee termination benefits of $4.4 million. This initiative followed a comprehensive review of the Company’s cost structure and operating model. As part of the 2025 Restructuring Plan, the Company reduced its workforce and reduced and realigned operating expenses. The following table presents the employee separation costs, net of tax, associated with this restructuring plan for the following periods, as well as the unpaid employee separation costs remaining related to the organizational restructurings at the end of each period:

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Employee separation costs
$— $1,899 $— $3,597 
As of
June 30, 2026June 30, 2025
Unpaid employee separation costs
$— $2,129 

The table below presents the activity in accrued restructuring charges for the six months ended June 30, 2026:

 2025 Restructuring Plan
As of December 31, 2025
$619 
Additions— 
Settlements(619)
As of June 30, 2026
$— 

The restructuring expenses for all periods presented are recorded in the restructuring charges line on the condensed consolidated statements of operations and comprehensive loss. The restructuring accrual is included in the other current liabilities line in the
condensed consolidated balance sheets.

As of December 31, 2025, there was $0.6 million left to be paid under the 2025 restructuring event. The final payment was completed in the second fiscal quarter of 2026.

2026 Restructuring Plan

During 2026, the Company initiated an additional restructuring program focused on organizational realignment, resulting in employee severance costs of approximately $0.4 million. This initiative followed a comprehensive review of the Company’s cost structure and operating model. As part of the 2026 Restructuring Plan, the Company reduced its workforce and reduced and realigned operating expenses. The following table presents the employee separation costs, net of tax, associated with this restructuring plan for the following periods, as well as the unpaid employee separation costs remaining related to the organizational restructurings at the end of each period:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Employee separation costs
$384 $— $384 $— 
As of
June 30, 2026June 30, 2025
Unpaid employee separation costs
$— $— 

The table below presents the activity in accrued restructuring charges for the six months ended June 30, 2026:

2026 Restructuring Plan
As of December 31, 2025
$— 
Additions384 
Settlements(384)
As of June 30, 2026
$— 

The restructuring expenses for all periods presented are recorded in the restructuring charges line on the condensed consolidated statements of operations and comprehensive loss. The restructuring accrual is included in the other current liabilities line in the condensed consolidated balance sheets.

As of June 30, 2026, there are no charges left to be paid under the 2026 restructuring events. The final payment was completed in the second fiscal quarter of 2026.