v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Stock Option Awards

The following table summarizes the stock option activities under the Company’s stock plans for the six months ended June 30, 2026 (in thousands, except for per share data):

 

 

Options

 

 

Weighted-
Average
Exercise
Price

 

 

Aggregate
Intrinsic
Value

 

 

Weighted- Average
Exercise
Term
(Years)

 

Outstanding at December 31, 2025

 

 

1,136

 

 

$

3.18

 

 

$

20,715

 

 

 

4.38

 

Forfeited

 

 

—

 

 

NM

 

 

NM

 

 

NM

 

Exercised

 

 

(253

)

 

 

2.79

 

 

 

3,094

 

 

 

—

 

Outstanding at June 30, 2026

 

 

883

 

 

$

3.29

 

 

$

13,151

 

 

 

3.90

 

Vested and expected to vest at June 30, 2026

 

 

883

 

 

$

3.29

 

 

$

13,151

 

 

 

3.90

 

Exercisable at June 30, 2026

 

 

883

 

 

$

3.29

 

 

$

13,151

 

 

 

3.90

 

 

* NM - not meaningful

Schedule of Non-vested Restricted Stock Units

The following table summarizes the RSUs activity under the Company’s stock plans for the six months ended June 30, 2026 (in thousands, except for per share data):

 

 

Shares

 

 

Weighted- Average
Grant Date
Fair Value

 

Outstanding at December 31, 2025

 

 

10,451

 

 

$

26.10

 

Granted

 

 

2,023

 

 

 

17.59

 

Forfeited

 

 

(287

)

 

 

18.14

 

Vested

 

 

(6,622

)

 

 

23.32

 

Unvested outstanding at June 30, 2026

 

 

5,565

 

 

$

26.73

 
Schedule Of Stock-Based Compensation Related to Stock-Based Awards

The amount of stock-based compensation related to stock-based awards in the Company’s condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 were as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Sales and marketing

 

$

1,219

 

 

$

33

 

 

$

11,152

 

 

$

2,020

 

General and administrative

 

 

11,818

 

 

 

294

 

 

 

178,373

 

 

 

5,768

 

Technology (exclusive of amortization)

 

 

2,436

 

 

 

151

 

 

 

18,672

 

 

 

2,504

 

Stock-based compensation, net of amounts capitalized

 

$

15,473

 

 

$

478

 

 

$

208,197

 

 

$

10,292

 

Capitalized stock-based compensation

 

 

127

 

 

 

24

 

 

 

1,622

 

 

 

283

 

Total stock-based compensation

 

$

15,600

 

 

$

502

 

 

$

209,819

 

 

$

10,575

 
January 2025 Warrant and April 2025 Warrant [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Warrant Determined Using the Black-Scholes Option Pricing Model

The grant date fair value of the April 2024 Warrant, January 2025 Warrant, and April 2025 Warrant were determined using the Black-Scholes option pricing model using the following assumptions:

 

 

April 2024
Warrant

 

 

January 2025
Warrant

 

 

April 2025
Warrant

 

Expected volatility

 

 

68.0

%

 

 

63.6

%

 

 

64.2

%

Expected risk-free interest rate

 

 

4.8

%

 

 

4.3

%

 

 

3.7

%

Expected term (in years)

 

 

2.69

 

 

 

2.50

 

 

 

1.73

 

Expected dividend yield

 

N/A

 

 

N/A

 

 

N/A

 

Fair value

 

$

12.65

 

 

$

40.25

 

 

$

14.14