v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity Under the Plan
The following table summarizes the stock option activity for the period ended June 30, 2026:
Number of
Options
Outstanding
Weighted-
Average
Exercise Price
Per Share
Weighted-
Average
Remaining
Contractual
Life (years)
Aggregate
Intrinsic
Value
(in thousands)
Balances as of December 31, 2025169,919 $106.55 6.1$241 
Options granted3,500 18.30 
Options forfeited and cancelled(1,204)355.20 
Balances as of June 30, 2026172,215 $103.02 5.7$36 
Options vested and exercisable — June 30, 2026134,558 $127.01 4.8$— 
Schedule of Restricted Stock Activity
The following table summarizes the RSU activity for the period ended June 30, 2026:

Number of
RSUs
Outstanding (1)
Weighted-Average
Grant Date Fair Value
Per Share
Balances as of December 31, 2025601,260$19.86 
RSUs granted714,8968.54 
RSUs vested(133,345)45.79 
RSUs forfeited(36,801)17.32 
Balances as of June 30, 20261,146,010$9.85 
(1) Includes certain restricted stock units with service and market-based vesting criteria.
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense recorded in each component of operating expenses in the Company’s unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Sales and marketing$177$228$433$399
Research and development4931051,1651,859
General and administrative7841,0621,9033,454
Total stock-based compensation expense$1,454$1,395$3,501$5,712