Employee Benefit Plans (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Share-Based Payment Arrangement Activity |
Shares authorized, outstanding and remaining under the Plans at June 30, 2026 were as follows: | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Shares Authorized Under Plans | | Shares Outstanding Under Plans | | Shares Remaining Under Plans | | 2014 Equity Incentive Plan ("2014 Plan") | | 54,402,262 | | | 20,993,945 | | | N/A | | 2020 Equity Incentive Plan ("2020 Plan") | | 112,256,721 | | | 35,011,171 | | | 16,267,632 | | | 2020 Management Incentive Plan ("2020 MIP") | | 33,426,983 | | | — | | | — | | | 2022 Inducement Award Plan ("Inducement Plan") | | 11,000,000 | | | 1,187,543 | | | 1,321,485 | |
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| Schedule of Stock-Based Compensation Cost |
Compensation cost presented in Salaries and benefits in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | | | | 2026 | | 2025 | | 2026 | | 2025 | | | | | (in thousands) | | Stock options | | $ | — | | | $ | 116 | | | $ | 29 | | | $ | 294 | | | | | Restricted Stock Units ("RSUs") | | 8,903 | | | 23,069 | | | 20,955 | | | 46,093 | | | | | Performance Restricted Stock Units ("PRSUs") | | (109) | | | 2,904 | | | 124 | | | 5,987 | | | | | 2020 Employee Stock Purchase Plan ("ESPP") | | 110 | | | 106 | | | 247 | | | 258 | | | | | Total compensation cost recognized for stock-based compensation plans | | $ | 8,904 | | | $ | 26,195 | | | $ | 21,355 | | | $ | 52,632 | | | |
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| Schedule of Stock Option Activity |
A summary of option activity under the 2020 Plan during the six months ended June 30, 2026, was as follows: | | | | | | | | | | | | | Number of stock options | | Weighted-average exercise price | Outstanding, January 1, 2026 | 773,859 | | | $ | 8.88 | | Granted | — | | | — | | | Exercised | — | | | — | | | Forfeited | — | | | — | | Outstanding, June 30, 2026 | 773,859 | | | $ | 8.88 | |
A summary of stock option activity under the 2014 Plan during the six months ended June 30, 2026, was as follows: | | | | | | | | | | | | | Number of stock options | | Weighted-average exercise price | Outstanding, January 1, 2026 | 22,990,399 | | | $ | 2.75 | | Granted | — | | | — | | | Exercised | (962,417) | | | 1.75 | | | Forfeited | (1,034,037) | | | 1.94 | | Outstanding, June 30, 2026 | 20,993,945 | | | $ | 2.84 | |
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| Schedule of Total RSU Activity |
A summary of total RSU activity is presented below: | | | | | | | | | | | | | | | | | Number of RSUs | | Weighted-average grant date fair value per share | Outstanding, January 1, 2026 | | 42,953,954 | | | $ | 3.44 | | Granted | | 7,792,462 | | | 2.32 | | | Released | | (11,273,136) | | | 6.26 | | | Forfeited | | (4,240,770) | | | 1.67 | | Outstanding, June 30, 2026 | | 35,232,510 | | | $ | 2.51 | |
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| Schedule of Total Performance Restricted Stock Units |
A summary of PRSU activity is presented below: | | | | | | | | | | | | | | | | | Number of PRSUs | | Weighted-average grant date fair value per share | Non-vested, January 1, 2026 | | 27,523,030 | | | $ | 9.57 | | Granted during 2026 | | 192,345 | | | 1.70 | | | | | | | | Vested | | — | | | — | | | Forfeited | | (27,523,030) | | | 9.57 | | Non-vested at June 30, 2026 | | 192,345 | | | $ | 1.70 | | |
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| Schedule of Assumptions Used in ESPP Fair Value Determination |
The assumptions that the Company used in the Black-Scholes option-pricing model to determine the fair value of the purchase rights under the ESPP for the most recent offering period, is as follows: | | | | | | | | | | Offering period from May 22, 2026 to November 21, 2026 | | | | Weighted-average risk-free interest rate | | 3.8 | % | | Expected term (in years) | | 0.50 years | | Expected volatility | | 52.2 | % |
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