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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Recognition of Share-Based Compensation related to Employees

Share-based compensation expense is recognized in cost of services, product and technology expense, and selling, general, and administrative expense, in the accompanying condensed consolidated statements of operations and comprehensive income (loss) as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

Cost of services

 

$

871

 

 

$

556

 

 

$

1,496

 

 

$

1,088

 

Product and technology expense

 

 

1,643

 

 

 

1,806

 

 

 

3,052

 

 

 

2,609

 

Selling, general, and administrative expense

 

 

2,726

 

 

 

3,380

 

 

 

5,122

 

 

 

10,012

 

Total share-based compensation expense

 

$

5,240

 

 

$

5,742

 

 

$

9,670

 

 

$

13,709

 

Summary of Outstanding Stock Option Grants Issued

A summary of the stock option activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

December 31, 2025

 

Grants outstanding

 

 

1,275,393

 

 

$

5.15

 

 

 

 

 

 

 

Grants exercised

 

 

(60,601

)

 

$

5.11

 

 

 

 

 

June 30, 2026

 

Grants outstanding

 

 

1,214,792

 

 

$

5.15

 

 

3.7 Years

 

$15.7 million

June 30, 2026

 

Grants vested

 

 

1,099,547

 

 

$

5.14

 

 

3.6 Years

 

$14.2 million

June 30, 2026

 

Grants unvested

 

 

115,245

 

 

$

5.23

 

 

 

 

 

2021 Equity Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Option Unit Activity

A summary of the stock option activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average Remaining Contractual Term

 

Aggregate Intrinsic Value

December 31, 2025

 

Grants outstanding

 

 

5,225,103

 

 

$

14.52

 

 

 

 

 

 

 

Grants issued

 

 

2,867,530

 

 

$

12.19

 

 

 

 

 

 

 

Grants exercised

 

 

(213,582

)

 

$

13.45

 

 

 

 

 

 

 

Grants cancelled/forfeited

 

 

(118,856

)

 

$

12.55

 

 

 

 

 

June 30, 2026

 

Grants outstanding

 

 

7,760,195

 

 

$

13.72

 

 

7.5 Years

 

$33.9 million

June 30, 2026

 

Grants vested

 

 

3,648,546

 

 

$

13.97

 

 

5.6 Years

 

$14.9 million

June 30, 2026

 

Grants unvested

 

 

4,111,649

 

 

$

13.49

 

 

 

 

 

Summary of Assumptions Applied to Establish Fair Value of Options Granted Using Black-Scholes Option Pricing Model

The fair value for stock options granted for the six months ended June 30, 2026 was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

 

Options

 

Expected stock price volatility

 

 

48.64

%

Risk-free interest rate

 

 

3.76

%

Expected term (in years)

 

 

6.25

 

Fair-value of the underlying unit

 

$

12.19

 

 

 

Summary of the RSU activity

A summary of the RSU activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair Value

 

December 31, 2025

 

Nonvested RSUs

 

 

883,532

 

 

$

16.18

 

 

 

Granted

 

 

2,004,022

 

 

$

12.26

 

 

 

Vested

 

 

(217,938

)

 

$

15.85

 

 

 

Forfeited

 

 

(46,834

)

 

$

12.83

 

June 30, 2026

 

Nonvested RSUs

 

 

2,622,782

 

 

$

13.27

 

2021 Equity Plan [Member] | Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Stock Activity

A summary of the restricted stock activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair Value

 

December 31, 2025

 

Nonvested restricted stock

 

 

448,223

 

 

$

11.74

 

 

 

Vested

 

 

(448,223

)

 

$

13.32

 

June 30, 2026

 

Nonvested restricted stock

 

 

 

 

$

-

 

Sterling Acquisition Awards [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of the RSU activity

A summary of the RSU activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair Value

 

December 31, 2025

 

Nonvested RSUs

 

 

9,525

 

 

$

18.70

 

 

 

Vested

 

 

(6,705

)

 

$

18.70

 

June 30, 2026

 

Nonvested RSUs

 

 

2,820

 

 

$

18.70

 

Sterling Acquisition Awards [Member] | Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Restricted Stock Activity

A summary of the restricted stock activity for the six months ended June 30, 2026 is as follows:

 

 

 

 

Shares

 

 

Weighted Average
Grant Date Fair Value

 

December 31, 2025

 

Nonvested restricted stock

 

 

180,766

 

 

$

18.70

 

 

 

Vested

 

 

(131,728

)

 

$

18.70

 

 

 

Forfeited

 

 

(18,718

)

 

$

18.70

 

June 30, 2026

 

Nonvested restricted stock

 

 

30,320

 

 

$

18.70