v3.26.1
STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS STOCKHOLDERS' EQUITY AND EQUITY INCENTIVE PLANS
Equity Incentive Plans
On January 1, 2026, the number of shares of common stock authorized for issuance under the 2021 Incentive Award Plan (the “2021 Plan”) automatically increased by 7,387,746 shares pursuant to the terms of the 2021 Plan.
Stock Options
A summary of the Company's stock option activity with respect to options granted under the 2021 Plan is as follows:

Number of Options
Weighted
Average exercise price
Weighted remaining contractual term (years)Aggregate
Intrinsic
Value








Outstanding as of January 1, 2026

13,615,770$3.37 3.76$1,582 


Granted

— $— 
Exercised

(225,114)$0.25 $269 
Forfeited

(4,360,153)$4.52 
Outstanding and exercisable as of June 30, 2026

9,030,503$2.90 2.90$823 

RSUs
The following table summarizes the RSU activity with respect to the 2021 Plan for the six months ended June 30, 2026:


RSUs
Outstanding

Weighted Average
Grant Date Fair
Value per Share
Outstanding as of December 31, 2025

9,635,959$2.16
RSUs granted

7,037,000$1.39
RSUs vested

(3,773,787)$1.99
RSUs forfeited

(280,099)$2.13
Unvested and Outstanding as of June 30, 2026

12,619,073$1.78
Stock-Based Compensation Expense
The stock-based compensation expense by line item in the accompanying consolidated statement of operations is summarized as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenue$102 $119 $208 $247 
Research and development1,033 760 2,046 1,609 
Sales and marketing753 383 1,236 815 
General and administrative1,852 2,829 4,010 5,953 
Total expenses$3,740 $4,091 $7,500 $8,624 
As of June 30, 2026, there was $23,761 of total unrecognized compensation cost related to non-vested stock-based compensation arrangements granted under the Company's equity incentive plans. These costs are expected to be recognized over a weighted-average period of approximately two years.
Shares Reserved for Future Issuance
The Company has the following common stock reserved for future issuance under the 2021 Plan:
June 30, 2026
Outstanding options9,030,503 
Outstanding RSUs12,619,073 
Shares reserved under 2021 Plan12,322,908 
Total33,972,484