v3.26.1
RESTRUCTURING
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING
3. RESTRUCTURING
On May 5, 2026, the Company announced a restructuring plan (the “Restructuring”) to (i) manage its operating expenses in response to current market conditions and (ii) optimize the Company’s operations. The Restructuring involved a reduction of the Company's workforce by approximately 700 employees, and was substantially completed during the second quarter of 2026. For both the three and six months ended June 30, 2026, the Company recognized $52.4 million in total restructuring expenses, consisting primarily of employee severance and other termination benefits, of which $4.0 million was stock-based compensation.