v3.26.1
Stock-based Compensation
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation
Note 10 - Stock-based Compensation
Total stock-based compensation expense was as follows:
(In thousands)Three Months Ended
June 30, 2026		Three Months Ended
June 30, 2025		Six Months Ended
June 30, 2026		Six Months Ended
June 30, 2025
Cost of revenue$82 $194 $132 $348 
Selling and marketing expense700 590 1,589 (249)
General and administrative expense4,945 3,507 11,163 (387)
Product development expense3,792 1,558 7,453 10,275 
Total stock-based compensation expense$9,519 $5,849 $20,337 $9,987 
During the three and six months ended June 30, 2026, stock-based compensation expense was higher compared to the same period in 2025, primarily due to higher forfeitures in the 2025 periods and new equity awards granted. Negative amounts represent expense reversals associated with forfeitures that exceeded expenses recognized during the periods presented.
Incentive Units in Bumble Holdings
As of December 31, 2025, 11,978 time-vesting incentive units with a weighted-average participation threshold of $43.00 were unvested, all of which vested during the six months ended June 30, 2026. All exit-vesting incentive units were fully vested as of December 31, 2025.
Restricted Shares of Class A Common Stock in Bumble Inc.
All time-vesting and exit-vesting restricted shares of Class A common stock were fully vested as of December 31, 2025.
RSUs in Bumble Inc.
All exit-vesting restricted stock units (“RSUs”) were fully vested as of December 31, 2025. The following table summarizes information around time-vesting RSUs in the Company:
Number of AwardsWeighted-Average Grant Date Fair Value
Unvested as of December 31, 202515,568,163$6.20 
Granted3,198,4493.19 
Vested(3,747,641)6.18 
Forfeited(2,655,399)6.68 
Unvested as of June 30, 202612,363,572$5.29 
During the six months ended June 30, 2026 and 2025, the total fair value of vested RSUs as of the respective vesting dates was $12.3 million and $15.2 million, respectively. As of June 30, 2026, total unrecognized compensation cost related to the time-vesting RSUs was $28.9 million, which is expected to be recognized over a weighted-average period of 1.9 years.
Options
As of December 31, 2025, 42,227 exit-vesting options with a weighted-average exercise price of $43.00 per share and a weighted-average grant date fair value of $22.21 per share were outstanding, all of which expired during the six months ended June 30, 2026.
The following table summarizes the Company’s option activity as it relates to time-vesting stock options:
Number of OptionsWeighted-Average Exercise Price Per ShareWeighted-Average Grant Date Fair Value Per ShareWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value
Outstanding as of December 31, 20251,633,422$19.81 $11.21 
Forfeited(17,378)9.30 5.72 
Expired(191,828)39.00 20.30 
Outstanding as of June 30, 20261,424,21617.35 10.07 7.1$— 
Exercisable as of June 30, 2026907,530$20.88 $11.85 6.6$— 
As of June 30, 2026, total unrecognized compensation cost related to the time-vesting options was $1.0 million, which is expected to be recognized over a weighted-average period of 1.8 years.
The weighted-average exercise price exceeded the market price as of June 30, 2026, and as such, resulted in the aggregate intrinsic value to be negative for all of the Company’s stock options (referred to as “out-of-the money”).