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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 activity for all stock options under all of the Company’s equity incentive plans for the three months ended March 31, 2025 (shares and aggregate intrinsic value in thousands):
|  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life |  | Aggregate Intrinsic Value
Outstanding at December 31, 2024 |  | 3,507 |  |  | $ | 19.05 |  |  | 4.54 |  | $ | 3,882 |
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | (4) |  |  | 5.35 |  |  |  |  |
Canceled |  | (2) |  |  | 31.11 |  |  |  |  |
Outstanding at March 31, 2025 |  | 3,501 |  |  | $ | 19.06 |  |  | 4.27 |  | $ | 738 |
Options vested and exercisable at March 31, 2025 |  | 3,282 |  |  | $ | 18.29 |  |  | 4.09 |  | $ | 738 |
Schedule of Activity for all Restricted Stock Units (RSUs) | The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the three months ended March 31, 2025 (shares in thousands):
|  | Number of Awards |  | Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2024 |  | 12,375 |  |  | $ | 16.29 |
Granted |  | 2,751 |  |  | 8.66 |
Issued |  | (1,660) |  |  | 18.26 |
Canceled / forfeited |  | (375) |  |  | 15.57 |
Unvested balance at March 31, 2025 |  | 13,091 |  |  | $ | 14.50 |
Schedule of Stock-Based Compensation Expense | The Company recognized stock-based compensation expense, including ESPP expenses, in the consolidated statements of operations as follows (in thousands):
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2025 |  | 2024
Cost of customer agreements and incentives |  |  |  |  |  | $ | 2,493 |  |  | $ | 1,946 |
Cost of solar energy systems and product sales |  |  |  |  |  | 454 |  |  | 554 |
Sales and marketing |  |  |  |  |  | 10,156 |  |  | 15,175 |
Research and development |  |  |  |  |  | 993 |  |  | 2,612 |
General and administration |  |  |  |  |  | 10,875 |  |  | 8,582 |
Total |  |  |  |  |  | $ | 24,971 |  |  | $ | 28,869 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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