v3.26.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(In Thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

8

 

 

$

2

 

 

$

11

 

 

$

3

 

Sales and marketing

 

 

196

 

 

 

172

 

 

 

367

 

 

 

196

 

Product development

 

 

101

 

 

 

78

 

 

 

202

 

 

 

105

 

General and administrative

 

 

226

 

 

 

304

 

 

 

440

 

 

 

707

 

Total stock-based compensation

 

$

531

 

 

$

556

 

 

$

1,020

 

 

$

1,011

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following assumptions were used in determining the fair value of time-vested stock option grants for the periods indicated (there were no stock option grants during the three and six months ended June 30, 2026):

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

2026

 

 

2025

Expected life (in years)

 

 

 

 

4.00

 

 

 

 

4.00

Risk-free interest rate

 

 

 

 

3.65% - 3.92%

 

 

 

 

3.65% - 4.32%

Expected volatility

 

 

 

 

57% - 58%

 

 

 

 

57% - 58%

Summary of Stock Option Activity Stock option activity during the period was as follows:

 

Options
(In Thousands)

 

 

Weighted
average
exercise price
of options

 

 

Weighted average
remaining
contractual term
(in years)

 

Balance at December 31, 2025

 

7,633

 

 

$

1.89

 

 

 

7.50

 

Options granted

 

 

 

 

 

 

 

 

Options forfeited

 

(250

)

 

 

1.77

 

 

 

 

Options expired

 

(108

)

 

 

2.59

 

 

 

 

Options exercised

 

(38

)

 

 

1.48

 

 

 

 

Balance at June 30, 2026

 

7,237

 

 

$

1.88

 

 

 

6.97

 

Summary of RSA and RSU Activity RSA and RSU activity during the period was as follows:

 

 

Shares/
Units
(In Thousands)

 

 

Weighted Average
Grant Date
Fair Value

 

Unvested at December 31, 2025

 

 

983

 

 

$

1.84

 

Granted

 

 

749

 

 

 

1.56

 

Vested

 

 

(503

)

 

 

1.82

 

Forfeited

 

 

(32

)

 

 

1.59

 

Unvested at June 30, 2026

 

 

1,197

 

 

$

1.68