v3.26.1
Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of the Company's RSU activity
A summary of the Company’s RSU activity is as follows:
UNITSWEIGHTED-
AVERAGE
GRANT DATE
FAIR VALUE
Non-vested RSUs as of December 31, 20253,358,181$14.48 
Granted2,582,605 5.13 
Vested*(1,550,700)15.59 
Forfeited(254,321)12.88 
Cancelled(3,255)11.09 
Non-vested RSUs as of June 30, 20264,132,510$8.32 
__________________________________
* The number of the RSUs vested included 528,917 shares that were withheld on behalf of employees to satisfy the statutory tax withholding requirements.
Schedule of Nonvested Performance-Based Units Activity
A summary of the Company’s PSU activity for the period ended June 30, 2026 is as follows:
UNITSWEIGHTED-
AVERAGE
GRANT DATE
FAIR VALUE
Non-vested PSUs as of December 31, 20251,194,188$13.05 
Granted1,648,5763.11 
Vested— 
Forfeited(17,495)8.25 
 Cancelled*(200,263)25.26 
Non-vested PSUs as of June 30, 20262,625,006$5.91 
__________________________________

*    During the first six months of 2026, the Company cancelled 200,263 PSU shares that did not meet the required performance and market conditions for vesting.
Schedule of Compensation Expense
The following table summarizes the components of total equity-based compensation expense included in the condensed consolidated statements of operations for each period presented:
THREE MONTHS ENDED
JUNE 30,
SIX MONTHS ENDED
JUNE 30,
2026202520262025
(In thousands)
Cost of revenues$1,780 $2,464 $4,778 $5,598 
Sales and marketing730 1,056 1,722 1,890 
Research and development673 668 1,732 1,601 
General and administrative 2,911 4,057 5,182 6,226 
Total$6,094 $8,245 $13,414 $15,315