v3.26.1
Stockholders' Equity and Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Restricted Stock Awards and Units
Restricted stock unit (RSU) activity under our equity incentive plan was as follows:
Number of Restricted Stock Units (Thousands)Weighted-Average Grant Date Fair Value
Balance, December 31, 20251,801 $14.69 
Granted173 66.88 
Vested(747)14.08 
Forfeited(40)19.65 
Balance, June 30, 20261,187 22.51 
Schedule of PRSU Grant Activity Under Our Equity Incentive Plan The table below includes details regarding the measurement and vesting of our 2023 PRSUs and subsequent issuance of shares (in thousands, except payout factor):
Fiscal Year Granted
2023
2023 PRSUs outstanding at measurement date475
Performance periodApril 1, 2023 - March 31, 2026
Vesting dateMay 14, 2026
Payout factor200%
Number of shares issued950
Schedule of Stock Option Activity
The following table summarizes our stock option activity during the six months ended June 30, 2026:
Number of Options (Thousands)Weighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (Years)Aggregate Intrinsic Value (Thousands)
Outstanding, December 31, 2025611 $1.531.4$21,964
Options exercised(161)1.36
Outstanding, June 30, 2026450 1.590.930,636
Options exercisable at June 30, 2026450 1.590.930,636
Options vested as of June 30, 2026, and expected to vest after June 30, 2026450 1.590.930,636
Schedule of Stock-based Compensation Expense
Total stock-based compensation expense was included in our Consolidated Statements of Operations as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenues$1,217 $598 $2,271 $1,168 
Research and development2,682 1,834 4,943 3,618 
Sales, general and administrative7,064 3,939 14,635 7,641 
$10,963 $6,371 $21,849 $12,427