v3.26.1
Stock-based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Valuation Assumptions The key inputs into the Monte Carlo simulation as of June 30, 2026, and December 31, 2025, were as follows:
June 30,
2026		December 31,
2025
Expected term (in years)
2.8 - 4.5
2.0 - 5.0
Expected stock price volatility (1)
50.0% - 55.0%
45.0% - 55.0%
Risk-free interest rate (2)
4.1% - 4.2%
3.4% - 3.7%
Expected dividend yield (3)
— %— %
(1)Expected volatility is based on a blend of historical volatility observed for a publicly traded peer group and the Company’s specific volatility over a period equivalent to the expected term of the awards.
(2)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards.
(3)The Company has not historically paid any cash dividends on its common stock.
Summary of Restricted Stock Unit Activity
A summary of the unvested equity-classified time-based awards and PSUs activity during the six months ended June 30, 2026, is as follows:
Number of Shares
Weighted Average
Grant Date Fair Value
Time-based
PSUs
Time-based
PSUs
Outstanding at December 31, 202510,301,593 919,750 $13.85 $12.07 
Granted4,084,748 5,250 $12.51 $11.32 
Vested(1,507,081)— $14.89 $— 
Forfeited(526,904)(60,750)$11.03 $12.83 
Outstanding at June 30, 202612,352,356 864,250 $13.49 $12.01 
Summary of Stock Option Activity
A summary of the stock option activity during the six months ended June 30, 2026, is as follows:
Number of
Options		Weighted
Average
Exercise
Price
Outstanding at December 31, 2025325,544 $4.96 
Exercised(174,530)$4.16 
Forfeited or expired
(12,011)$7.99 
Outstanding at June 30, 2026139,003 $5.70 
Summary of the Components of Total Stock-Based Compensation Expense
The following table summarizes stock-based compensation expenses for the three and six months ended June 30, 2026, and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Selling, general and administrative expense
$14,312 $13,714 $24,706 $23,425 
Product development expense
6,313 2,815 10,927 4,051 
$20,625 $16,529 $35,633 $27,476