v3.26.1
Restructuring charges
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring and Related Activities Disclosure
12. Restructuring charges
Restructuring charges for each period were as follows:
Three months ended June 30,Six months ended June 30,
(in thousands)2026202520262025
Cost of revenue$97 $(1)$106 $1 
Research and development1,637 (426)1,640 336 
Sales and marketing350 32 344 509 
General and administrative223 684 278 1,873 
Total restructuring charges$2,307 $289 $2,368 $2,719 
Second quarter 2026 restructuring
In April 2026, the Company approved a restructuring plan (the Second Quarter 2026 Restructuring Plan) to reduce its global workforce by approximately 23% compared to its headcount as of March 31, 2026. In the second quarter of 2026, the Company began implementing the Second Quarter 2026 Restructuring Plan and recorded $2.2 million of severance charges. At the time of approval of the Second Quarter 2026 Restructuring Plan, the Company expected to incur an aggregate severance charge in the range of $11.5 million to $15.0 million that would be substantially complete by the end of 2026. However, given the events described in Note 1 Summary of business and significant accounting policies, the Company is currently unable in good faith to estimate the amount, or range of amounts, expected to be incurred in connection with the remainder of the Second Quarter 2026 Restructuring Plan or to estimate the timing of future cash expenditures.
(in thousands)Severance
Total
Restructuring liability as of December 31, 2025
$— $— 
Restructuring charges2,181 2,181 
Cash paid(1,967)(1,967)
Non-cash reductions— — 
Restructuring liability as of June 30, 2026
$214 $214 
Third quarter 2024 restructuring
In August 2024, the Company approved a restructuring plan (the Original Restructuring Plan) and in October 2024, the Company approved an amended restructuring plan (the Updated Restructuring Plan). In connection with the Original Restructuring Plan and Updated Restructuring Plan, the Company reduced its global workforce by 25% compared to its headcount ending Q2 2024, and recorded restructuring charges of $18.7 million including $12.7 million related to severance and $6.0 million of project cancellation costs. As of June 30, 2026, the Company expects to pay the remaining restructuring liability related to the Updated Restructuring Plan in cash.
(in thousands)SeveranceOther
Total
Restructuring liability as of December 31, 2025
$— $4,000 $4,000 
Cash paid— — — 
Non-cash reductions— — — 
Restructuring liability as of June 30, 2026
$— $4,000 $4,000