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STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following table summarizes the Company’s stock option activity during the periods presented (in thousands except share and per share data):
| Number of options |  | Weighted average exercise price ($) |  | Weighted average remaining contractual term (years) |  | Aggregate intrinsic value ($)
Outstanding as of December 31, 2024 | 10,984,738 |  | 1.67 |  |  | 6.64 |  | 75,270 |
Granted | — |  | — |  |  |  |  |
Exercised | (26,042) |  | 0.89 |  |  |  |  |
Forfeited and expired | (5,829) |  | 0.85 |  |  |  |  |
Outstanding as of March 31, 2025 | 10,952,867 |  | 1.67 |  |  | 6.39 |  | 66,892 |
Options exercisable as of March 31, 2025 | 9,560,074 |  | 1.51 |  |  | 6.10 |  | 59,661 |
Options unvested as of March 31, 2025 | 1,392,793 |  | 2.72 |  |  | 8.38 |  | 7,230 |
Schedule of RSU Activity and Related Information | The following table summarizes the restricted stock unit ("RSU") activity and related information under the 2022 Plan (in thousands except share and per share data):
| Number of RSUs |  | Weighted average Grant Date Fair Value ($)
Unvested as of December 31, 2024 | 8,787,022 |  |  | 2.25 |
Granted | 3,758,163 |  |  | 9.67 |
Forfeited and expired | (65,524) |  |  | 3.16 |
Vested | (1,236,719) |  |  | 1.82 |
Unvested as of March 31, 2025 | 11,242,942 |  |  | 4.77 |
Schedule of Stock-Based Compensation Expense | The following table summarizes the stock-based compensation expense classified in the condensed consolidated statements of operations and comprehensive loss as follows (in thousands):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024 |  |
Cost of revenue |  |  |  |  | $ | 142 |  |  | $ | 175 |  |  |
Research and development |  |  |  |  | 1,454 |  | 1,121 |  |
General and administrative |  |  |  |  | 1,817 |  | 1,958 |  |
Sales and marketing |  |  |  |  | 580 |  | 255 |  |
Total stock-based compensation |  |  |  |  | $ | 3,993 |  |  | $ | 3,509 |  |  |

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