v3.26.1
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation
The following table summarizes stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(In thousands)
Research and development$358 $658 $775 $1,259 
Sales and marketing1,028 1,512 1,725 2,557 
General and administrative899 1,620 1,931 2,915 
Total stock-based compensation$2,285 $3,790 $4,431 $6,731 
Schedule of Stock Option, RSU and PSU Activity
The following table summarizes stock option, RSU and PSU activity for the six months ended June 30, 2026:
Stock Options
Service-Based RSUs
PSUs
Outstanding—December 31, 2025
1,326,262 7,420,833 2,911,575 
Granted
— 5,895,600 853,000 
Exercised/Vested
— (2,002,603)(190,592)
Forfeited/Expired
(363,977)(1,712,217)(1,602,995)
Outstanding—June 30, 2026
962,285 9,601,613 1,970,988 
Schedule Of Estimate the Fair Value of the Market-Based PSUs The following assumptions were used to estimate the fair value of the Company’s market-based PSUs granted during the six months ended June 30, 2026:
Expected volatility82.54 %
Risk-free rate3.92 %
Expected dividend yield—