v3.26.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the nine months ended September 30, 2026 is as follows (in thousands, except share and per share data):
Number of Units Weighted-Average Grant Date Fair Value Per ShareAggregate Intrinsic Value (in thousands)
Balances—December 31, 2025
43,604,550$8.14 $575,580 
Granted29,069,094$10.35 
Vested(12,801,158)$7.42 
Forfeited(5,236,716)$9.62 
Balances—September 30, 2026
54,635,770$9.34 $330,546 
Summary of Stock-Based Compensation Expense
The following sets forth the total stock-based compensation expense for the Company’s stock awards included in the Company’s condensed consolidated statements of operations (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Research and development expenses$39,529 $25,394 $107,439 $68,724 
Selling, general and administrative expenses15,136 7,476 43,242 17,723 
Total stock-based compensation expense$54,665 $32,870 $150,681 $86,447