On February 3, 2025, in connection with the completion of the Acquisition, the Company announced a restructuring plan (the “Plan”), as part of its efforts to streamline operations and reduce duplication of roles. The Plan involved a reduction in workforce of approximately 15%. The actions associated with the employee restructuring under the Plan were initiated in February 2025, were implemented in large part in the second quarter of 2025 and are substantially completed.

On December 3, 2025, the Company commenced a broader strategic restructuring plan (the “Strategic Plan”) intended to reduce operating costs, improve operating margins and advance the Company’s ongoing commitment to profitable growth. The Strategic Plan impacted approximately 10% of the Company’s employees globally. As of June 30, 2026, the Company recognized approximately $8.0 million related to severance and legal costs in connection with the Strategic Plan, and the actions associated with the Strategic Plan have been substantially completed, subject to certain remaining actions governed by local law and consultation requirements.

The Company recorded the following pre-tax charges within restructuring charges in its condensed consolidated statement of operations for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(In thousands)				(In thousands)
Severance and related costs	$	1,238	$	1,425	$	2,744	$	8,272
Legal costs	—		249		197		681
Total restructuring charges (1) (2)	$	1,238	$	1,674	$	2,941	$	8,953

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(1)For the three and six months ended June 30, 2026, includes $0.8 million and $2.1 million, respectively, related to sales and marketing and $0.4 million and $0.8 million, respectively, related to general and administrative expenses.

(2)For the three and six months ended June 30, 2025, includes zero and $0.8 million, respectively, related to research and development, $0.9 million and $5.9 million, respectively, related to sales and marketing, and $0.8 million and $2.3 million, respectively, related to general and administrative expenses.

The following table is a reconciliation of the beginning and ending balances for accrued severance and related liabilities recorded within accrued compensation and benefits and accrued and other current liabilities in the Company’s condensed consolidated balance sheets for the six months ended June 30, 2026:


	Severance and related costs		Legal costs		Total

Balance as of December 31, 2025	$	3,361	$	125	$	3,486
Restructuring charges	2,744		197		2,941
Cash payments	(4,845)		(309)		(5,154)
Foreign currency translation	(60)		(1)		(61)
Balance as of June 30, 2026	$	1,200	$	12	$	1,212