v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
The following table presents the classification of stock-based compensation expense for stock options and RSUs for employees and non-employees within the Condensed Consolidated Statements of Operations:

Three months ended September 30,Nine months ended September 30,
(in thousands)
2026202520262025
Cost of revenue
$1,789 $964 $3,563 $4,727 
Research and development11,978 14,906 33,799 46,795 
General and administrative9,114 9,174 26,819 34,911 
Total$22,881 $25,044 $64,181 $86,433 
Schedule of RSU Activity
The following table summarizes Recursion’s RSU activity during the nine months ended September 30, 2026:

Stock unitsWeighted-average grant date fair value
Outstanding as of December 31, 202527,489,925 $6.55 
Granted24,090,894 3.26 
Vested(8,687,822)6.15 
Forfeited(5,986,687)5.94 
Outstanding as of September 30, 202636,906,310 $4.60