Equity and Stock-Based Compensation (Tables)
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9 Months Ended |
Sep. 30, 2026 |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Stock-based Compensation Expense |
Total stock-based compensation expense for employees and non-employees, related to all of the Company’s stock-based awards, was as follows (in thousands):
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Three Months Ended |
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Nine Months Ended |
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September 30, |
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September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Cost of revenue |
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$ |
101 |
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$ |
110 |
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$ |
328 |
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$ |
416 |
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Selling and marketing |
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|
231 |
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253 |
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|
686 |
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|
1,377 |
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Research and development |
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|
159 |
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|
196 |
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590 |
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|
987 |
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General and administrative |
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|
555 |
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|
827 |
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2,078 |
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|
1,526 |
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Total stock-based compensation |
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$ |
1,046 |
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$ |
1,386 |
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$ |
3,682 |
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$ |
4,306 |
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| Summary of Unrecognized Stock-Based Compensation Expense and Remaining Recognition Period by Restricted Stock Units ("RSUs") and Performance Stock Units ("PSUs") |
The following table summarizes the total unrecognized stock-based compensation expense and remaining recognition period by Restricted Stock Units (“RSUs”) and Performance Stock Units (“PSUs”) (in thousands, except number of years):
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September 30, 2026 |
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Unrecognized Expense |
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Remaining weighted average period (In years) |
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RSUs |
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$ |
6,724 |
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2.7 |
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PSUs |
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2,842 |
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|
1.4 |
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Total unrecognized stock-based compensation expense |
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$ |
9,566 |
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| Stock Activity and Total Number of Shares Available for Grant |
The following table presents the stock activity and the total number of shares available for grant as of September 30, 2026:
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Number of Shares Available |
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Balance at December 31, 2025 |
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1,849,094 |
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Grants |
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(648,464 |
) |
Cancelled |
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291,644 |
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Balance as of September 30, 2026 |
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1,492,274 |
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| Stock Option Activity |
Stock Option Activity
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Options Outstanding |
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Number of
Shares
Underlying
Outstanding
Options |
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Weighted-
Average
Exercise
Price |
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Weighted-
Average
Remaining
Contractual
Term |
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Aggregate
Intrinsic
Value |
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(in years) |
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Outstanding at December 31, 2025 |
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390,969 |
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$ |
10.23 |
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|
3.43 |
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$ |
2,174,529 |
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Options Granted |
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— |
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— |
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Options Exercised |
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(67,378 |
) |
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6.18 |
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Options Forfeited |
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(8,584 |
) |
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17.54 |
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Outstanding at September 30, 2026 |
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315,007 |
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$ |
10.61 |
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2.57 |
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$ |
1,299,090 |
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Vested and expected to vest at September 30, 2026 |
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|
315,007 |
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$ |
10.61 |
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2.57 |
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$ |
1,299,090 |
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Exercisable at September 30, 2026 |
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|
315,007 |
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$ |
10.61 |
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|
2.57 |
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$ |
1,299,090 |
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| Restricted Stock |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Restricted Stock Activity and Performance-Based Restricted Share Activity |
Restricted Stock Activity
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Shares |
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Weighted
Average
Grant Date
Fair Value
Per Share |
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Nonvested restricted stock at December 31, 2025 |
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695,367 |
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$ |
14.19 |
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Granted |
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451,184 |
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|
10.39 |
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Vested |
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(294,643 |
) |
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|
15.29 |
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Forfeited |
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(178,174 |
) |
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|
14.21 |
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Nonvested restricted stock at September 30, 2026 |
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673,734 |
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$ |
11.16 |
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| Performance-Based Restricted Share |
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| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
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| Restricted Stock Activity and Performance-Based Restricted Share Activity |
Performance-Based Restricted Share Activity
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Number of
Shares
Underlying
Outstanding
Performance
Shares |
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Weighted
Average
Grant Date
Fair Value
Per Share |
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Outstanding at December 31, 2025 |
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160,127 |
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$ |
14.63 |
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Granted |
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197,280 |
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|
10.22 |
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Released |
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(45,443 |
) |
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|
13.08 |
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Forfeited |
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(105,667 |
) |
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|
11.74 |
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Outstanding at September 30, 2026 |
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|
206,297 |
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$ |
10.89 |
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