v3.26.1
Stock-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
A summary of the restricted stock unit (“RSU”) activity for the six months ended June 30, 2026 is as follows:
Number of RSUsWeighted-average Grant Date Fair Value
Non-vested at December 31, 2025
7,915,966 $1.08 
Granted2,213,835$0.76 
Vested(2,088,917)$1.24 
Forfeited(536,722)$0.89 
Non-vested at June 30, 2026
7,504,162$0.96 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions
The following table summarizes the key assumptions used in estimating the value of the PRSUs granted in November 2024.
Grant Date
November 07, 2024
Performance period
November 07, 2024 - December 31, 2027
PRSUs Granted
4,342,391
Grant Date Stock Price
$0.77
Risk-Free Rate at Valuation Date
4.05%
Cost of Equity
18.00%
Estimated Volatility at Valuation Date
85.61%
Schedule of Stock-based Payment Arrangement
The Company recorded stock-based compensation cost related to the RSUs, PRSUs and Class P Units in the following expense categories on the accompanying condensed consolidated statements of operations (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Sales and marketing$16 $223 $80 $504 
Product development232 621 491 1,283 
General and administrative958 1,780 1,952 3,031 
Total stock-based compensation expense1,206 2,624 2,523 4,818 
Amount capitalized to software development2 224 22 487 
Total stock-based compensation cost$1,208 $2,848 $2,545 $5,305