v3.26.1
STOCK INCENTIVE PLAN AND STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
STOCK INCENTIVE PLAN AND STOCK-BASED COMPENSATION  
Summary of changes in stock options granted

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted-

  ​ ​ ​

Weighted-

Average

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

  ​ ​ ​

Awards

  ​ ​ ​

Price

  ​ ​ ​

Term

  ​ ​ ​

Value ($000's)

Awards outstanding—December 31, 2025

 

7,861,925

$

33.56

6.3

Awards issued

 

1,664,051

$

33.90

  ​

Awards exercised

 

(236,405)

$

23.22

  ​

Awards forfeited

 

(362,605)

$

36.59

  ​

Awards outstanding—June 30, 2026

 

8,926,966

$

33.78

6.4

$

48,181

Awards exercisable—June 30, 2026

6,026,171

$

33.67

5.2

$

39,583

Awards unvested—June 30, 2026

2,900,795

$

34.01

9.0

$

8,598

Summary of changes in SARs granted

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Weighted-

  ​ ​ ​

Weighted-

Average

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

  ​ ​ ​

Awards

  ​ ​ ​

Price

  ​ ​ ​

Term

  ​ ​ ​

Value ($000's)

Awards outstanding—December 31, 2025

 

33,471

$

8.72

3.2

Awards issued

 

$

  ​

Awards exercised

 

(3,651)

$

8.22

  ​

Awards forfeited

 

$

  ​

  ​

Awards outstanding—June 30, 2026

 

29,820

$

8.78

2.7

$

582

Awards exercisable—June 30, 2026

29,820

$

8.78

2.7

$

582

Summary of changes in RSUs granted

  ​ ​ ​

  ​ ​ ​

Weighted-

Average

Number of

Grant Date

  ​ ​ ​

Awards

  ​ ​ ​

Fair Value

Awards outstanding—December 31, 2025

 

796,498

$

34.47

Awards issued

 

472,250

$

36.76

Awards vested

 

(251,617)

$

33.71

Awards forfeited

 

(109,795)

$

35.79

Awards outstanding—June 30, 2026

 

907,336

$

35.72

Summary of assumptions used to value awards

As of

  ​ ​ ​

June 30, 2026

  ​ ​ ​

December 31, 2025

Dividend yield

 

0.00

%  

0.00

%

Expected volatility

 

66.49 - 73.24

%  

69.03 - 71.43

%

Risk-free interest rate

 

3.84 - 4.20

%  

3.72 - 4.44

%

Lack of marketability discount

 

0.00

%  

0.00

%

Expected term (years)

 

1.1 - 6.1

 

1.4 - 6.1

Summary of stock-based compensation expense

  ​ ​ ​

Three Months Ended June 30, 

Six Months Ended June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Research and development expense

$

2,562

$

2,113

$

4,927

$

4,415

Sales and marketing expense

 

1,809

 

1,652

 

3,604

 

4,396

General and administrative expense

 

5,205

 

7,629

 

11,353

 

15,033

$

9,576

$

11,394

$

19,884

$

23,844