v3.26.1
Stockholders' Equity
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases

During the three months ended June 30, 2026, we repurchased 1,447,194 shares of our common stock for $1.7 million in open market transactions, which were retired immediately.

Share-based Compensation Expense

The following table presents total share-based compensation expense recorded (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Cost of revenues$15 $131 $35 $369 
Research and development235 1,584 681 4,796 
Sales and marketing103 413 255 1,474 
General and administrative1,971 5,784 4,064 12,530 
Total share-based compensation expense$2,324 $7,912 $5,035 $19,169 

As of June 30, 2026, total unrecognized share-based compensation expense was $7.0 million, which is expected to be recognized over the remaining weighted-average vesting period of 1.2 years.

The following table presents activity for outstanding RSUs and PSUs:
RSUs and PSUs Outstanding
Shares OutstandingWeighted Average Grant Date Fair Value
Balance at December 31, 202510,041,008 $1.56 
Granted2,621,218 0.95 
Released(2,135,630)2.65 
Forfeited(203,890)8.15 
Balance at June 30, 202610,322,706 $1.05