v3.26.1
Stockholder's Equity
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholder's Equity
8. Stockholders’ Equity
Stock-based Compensation
Stock-based compensation expense is associated with restricted stock units (“RSUs”), RSUs with performance conditions (“PSUs”), stock options, and the Company’s Employee Stock Purchase Plan (“ESPP”).
The following table sets forth the stock-based compensation expense included in the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 (in thousands):
 
Three Months Ended June 30,
Six Months Ended June 30,
 
2026
2025
2026
2025
Cost of revenue
$
910 
$
887 
$
1,851 
$
1,664 
Research and development
2,679 
2,375 
5,424 
4,541 
Sales, general and administrative
10,070 
10,972 
21,029 
21,814 
Total
$
13,659 
$
14,234 
$
28,304 
$
28,019 
As of June 30, 2026, total unrecognized compensation cost related to unvested share-based compensation arrangements, excluding PSUs, was $83.2 million, which is expected to be recognized over a weighted average period of 3.2 years.
As of June 30, 2026, total unrecognized compensation cost related to unvested PSU share-based compensation arrangements was $20.2 million, which is expected to be recognized over a weighted average period of 2.3 years.
The total stock-based compensation cost capitalized in inventory was $1.5 million and $1.6 million as of June 30, 2026 and December 31, 2025, respectively.