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Stock-based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Payment Award, Valuation Assumptions | The key inputs into the Monte Carlo simulation as of September 30, 2025, and December 31, 2024, were as follows:
| September 30, 2025 |  | December 31, 2024
Expected term (in years) | 2.1 - 10.0 |  | 10.0
Expected stock price volatility (1) | 45.0% - 55.0% |  | 60.0 | %
Risk-free interest rate (2) | 3.6% - 4.2% |  | 4.6 | %
Expected dividend yield (3) | — | % |  | — | %
(1)Expected volatility is based on a blend of historical volatility observed for a publicly traded peer group and the Company’s specific volatility over a period equivalent to the expected term of the awards. (2)The risk-free interest rate is based on the U.S. Treasury yield of treasury bonds with a maturity that approximates the expected term of the awards. (3)The Company has not historically paid any cash dividends on its common stock.
Summary of Restricted Stock Unit Activity | The following table summarizes the unvested time-based RSU activity during the nine months ended September 30, 2025:
| Number of Shares |  | Weighted Average Grant Date Fair Value
Outstanding at December 31, 2024 | 6,110,486 |  |  | $ | 9.66 |
Granted | 2,591,261 |  |  | $ | 21.13 |
Vested | (1,684,652) |  |  | $ | 10.35 |
Forfeited or expired | (445,151) |  |  | $ | 11.73 |
Outstanding at September 30, 2025 | 6,571,944 |  |  | $ | 13.86 |
Summary of Stock Option Activity | The following table summarizes the stock option activity for the nine months ended September 30, 2025:
| Number of Options |  | Weighted Average Exercise Price
Outstanding at December 31, 2024 | 705,116 |  |  | $ | 5.00 |
Exercised | (321,614) |  |  | $ | 4.77 |
Forfeited or expired | (24,973) |  |  | $ | 7.16 |
Outstanding at September 30, 2025 | 358,529 |  |  | $ | 5.05 |
Summary of the Components of Total Stock-Based Compensation Expense | The following table summarizes stock-based compensation expenses for the three and nine months ended September 30, 2025 and 2024:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Selling, general and administrative expenses | $ | 2,655 |  |  | $ | 5,843 |  |  | $ | 26,080 |  |  | $ | 20,183 |
Product development expenses | 3,364 |  |  | 1,209 |  |  | 7,415 |  |  | 2,459 |
| $ | 6,019 |  |  | $ | 7,052 |  |  | $ | 33,495 |  |  | $ | 22,642 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + 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 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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