v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s option activity during the nine months ended September 30, 2026 was as follows (in thousands, except share and per share amounts):

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

Options

 

Exercise Price

 

Contractual

 

Intrinsic

 

 

Outstanding

 

per Share

 

Life (years)

 

Value

 

Outstanding at December 31, 2025

 

3,443,585

 

$

8.64

 

 

3.32

 

$

79,016

 

Options exercised

 

(31,187

)

 

5.82

 

 

 

 

 

Outstanding at September 30, 2026

 

3,412,398

 

$

8.67

 

 

2.57

 

$

74,970

 

Exercisable at September 30, 2026

 

3,412,398

 

$

8.67

 

 

2.57

 

$

74,970

 

Summary of RSU Activity

A summary of the Company’s RSU activity during the nine months ended September 30, 2026 was as follows:

 

 

 

Weighted-

 

 

 

 

Average

 

 

RSUs

 

Grant Date

 

 

Outstanding

 

Fair Value

 

Awarded and unvested at December 31, 2025

 

2,766,276

 

$

24.09

 

Awards granted

 

1,430,733

 

 

25.53

 

Awards vested

 

(819,515

)

 

21.65

 

Awards forfeited

 

(178,999

)

 

21.92

 

Awarded and unvested at September 30, 2026

 

3,198,495

 

$

25.49

 

Summary of Stock Based Compensation Expense

Stock-based compensation expense included in the condensed consolidated statements of operations was as follows (in thousands):

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

2026

 

2025

 

2026

 

2025

 

Cost of revenue

$

55

 

$

64

 

$

209

 

$

213

 

Research and development

 

871

 

 

817

 

 

2,927

 

 

2,858

 

Sales and marketing

 

1,757

 

 

1,080

 

 

5,152

 

 

4,886

 

General and administrative

 

3,826

 

 

3,763

 

 

10,943

 

 

6,600

 

Total stock-based compensation

$

6,509

 

$

5,724

 

$

19,231

 

$

14,557