v3.26.3
Stockholder's Equity
 9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Stockholder's Equity
8. Stockholders’ Equity
Stock-based Compensation
Stock-based compensation expense is associated with restricted stock units (“RSUs”), RSUs with performance conditions (“PSUs”), stock options, and the Company’s Employee Stock Purchase Plan (“ESPP”).
The following table sets forth the stock-based compensation expense included in the Company’s condensed consolidated statements of operations for the three and nine months ended September 30, 2026 and 2025 (in thousands):
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Cost of revenue
$
861 
$
884 
$
2,712 
$
2,548 
Research and development
2,659 
2,601 
8,083 
7,142 
Sales, general and administrative
11,312 
12,447 
32,341 
34,261 
Total
$
14,832 
$
15,932 
$
43,136 
$
43,951 
As of September 30, 2026, total unrecognized compensation cost related to unvested share-based compensation arrangements, excluding PSUs, was $79.2 million, which is expected to be recognized over a weighted average period of 3.1 years.
As of September 30, 2026, total unrecognized compensation cost related to unvested PSU share-based compensation arrangements was $18.5 million, which is expected to be recognized over a weighted average period of 2.5 years.
The total stock-based compensation cost capitalized in inventory was $1.1 million and $1.6 million as of September 30, 2026 and December 31, 2025, respectively.