v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
The following table presents the classification of stock-based compensation expense for stock options and RSUs for employees and non-employees within the Condensed Consolidated Statements of Operations:

Three months ended June 30,Six months ended June 30,
(in thousands)
2026202520262025
Cost of revenue
$874 $814 $1,774 $3,764 
Research and development9,945 14,089 21,821 31,889 
General and administrative8,486 10,898 17,705 25,737 
Total$19,305 $25,801 $41,300 $61,390 
Schedule of RSU Activity
The following table summarizes Recursion’s RSU activity during the six months ended June 30, 2026:

Stock unitsWeighted-average grant date fair value
Outstanding as of December 31, 202527,489,925 $6.55 
Granted9,920,891 3.62 
Vested(5,519,151)6.54 
Forfeited(4,423,590)6.17 
Outstanding as of June 30, 202627,468,075 $5.56