v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
Stock option activity was as follows:
Number of SharesWeighted-Average Exercise Price Per ShareWeighted Average Remaining Life (in years)Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2025
6,735,077$9.36 6.9$140,335 
Exercised(338,258)$9.83 
Forfeited(178,772)$10.80 
Outstanding as of June 30, 2026
6,218,047$9.33 6.1$97,373 
Vested and exercisable as of June 30, 2026
5,172,833$8.82 5.7$83,876 
Vested and expected to vest as of June 30, 2026
6,218,047$9.33 6.1$97,373 
Schedule of RSU Activity
The following table summarizes the activity related to RSUs for the six months ended June 30, 2026:
Number of SharesWeighted-Average Grant-Date Fair Value Per Share
Unvested and Outstanding as of December 31, 2025
1,762,366$19.18 
Granted1,459,20039.68 
Vested and not settled(662,039)21.21 
Settled (16,289)13.90 
Forfeited (192,806)23.25 
Unvested and Outstanding as of June 30, 2026
2,350,43231.04 
Stock-Based Compensation Expense
The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenue$85 $$90 $18 
Selling, general and administrative19,032 1,457 20,738 3,045 
Operations and support3,134 342 3,328 714 
Research and development15,828 1,161 16,565 2,344 
Total stock-based compensation expense$38,079 $2,969 $40,721 $6,121