v3.26.1
Equity Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Stock option activity for the six months ended June 30, 2026 is as follows:

 

 

 

Options Outstanding

 

 

Weighted-Average Exercise Price

 

Balance at December 31, 2025

 

 

13,172,712

 

 

$

2.83

 

Options granted

 

 

1,458,225

 

 

 

1.81

 

Options exercised

 

 

(28,858

)

 

 

1.78

 

Options forfeited

 

 

(1,091,828

)

 

 

4.51

 

Balance at June 30, 2026

 

 

13,510,251

 

 

$

2.61

 

Vested and exercisable, June 30, 2026

 

 

7,986,048

 

 

$

3.11

 

Schedule of Restricted Stock Unit Activity

Restricted stock unit activity for the six months ended June 30, 2026 is as follows:

 

 

 

Number of Shares

 

 

Weighted-Average
Grant Date
Fair Value

 

Balance at December 31, 2025

 

 

2,872,428

 

 

$

2.63

 

Granted

 

 

1,713,612

 

 

 

1.80

 

Vested

 

 

(647,227

)

 

 

3.36

 

Forfeited

 

 

(635,288

)

 

 

2.42

 

Balance at June 30, 2026

 

 

3,303,525

 

 

$

2.09

 

Schedule of Components of Stock-based Compensation Expensed

The following table summarizes the components of stock-based compensation recognized in the Company’s unaudited condensed consolidated statements of operations and comprehensive loss (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

40

 

 

$

131

 

 

$

105

 

 

$

258

 

Research and development

 

 

555

 

 

 

1,660

 

 

 

1,250

 

 

 

3,449

 

Selling, general and administrative

 

 

969

 

 

 

2,081

 

 

 

2,336

 

 

 

4,828

 

Total stock-based compensation

 

$

1,564

 

 

$

3,872

 

 

$

3,691

 

 

$

8,535