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

Stock-based compensation expense is reported in the Company's condensed consolidated statements of operations as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of product revenue

 

$

373

 

 

$

200

 

 

$

1,116

 

 

$

586

 

Cost of services and other revenue

 

 

29

 

 

 

186

 

 

 

280

 

 

 

444

 

Research and development expense

 

 

172

 

 

 

497

 

 

 

523

 

 

 

1,317

 

Selling, general and administrative expense

 

 

3,149

 

 

 

4,441

 

 

 

10,855

 

 

 

16,398

 

Restructuring and related charges

 

 

—

 

 

 

2,212

 

 

 

—

 

 

 

2,212

 

Total stock-based compensation expense

 

$

3,723

 

 

$

7,536

 

 

$

12,774

 

 

$

20,957

 

Summary of Award Activity for Stock Options and RSUs

The following table summarizes our award activity for stock options and RSUs for the nine months ended September 30, 2026 (in thousands):

 

 

 

Stock Options

 

 

RSUs

 

Outstanding at December 31, 2025

 

 

32,547

 

 

 

19,478

 

Granted

 

 

6,111

 

 

 

6,776

 

Exercised or issued

 

 

(67

)

 

 

(9,182

)

Forfeited

 

 

(5,551

)

 

 

(1,578

)

Outstanding at September 30, 2026

 

 

33,040

 

 

 

15,494