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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2026

Share-Based Payment Arrangement [Abstract]

Summary of Stock-Based Compensation Expense Included on Statements of Operations

The following table presents stock-based compensation included on the condensed consolidated statements of operations (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Stock-based compensation expense:
Stock options			$	4,974					$	4,992					$	9,764					$	10,815
RSUs			3,544						4,656						6,923						8,370
			$	8,518					$	9,648					$	16,687					$	19,185
Stock-based compensation expense in operating expenses:
Research and development			$	2,355					$	2,761					$	4,660					$	5,073
Selling, general and administrative			6,163						6,887						12,027						14,112
			$	8,518					$	9,648					$	16,687					$	19,185

Stock-based compensation expense capitalized into inventory totaled $— during the three months ended June 30, 2026 and $0.3 million during the six months ended June 30, 2026. There was no stock-based compensation expense capitalized into inventory during the three and six months ended June 30, 2025. Capitalized stock-based compensation is recognized as an expense in cost of sales when the related product is sold.

Summary of Stock Option Activity under Equity Plans

The following table summarizes stock option activity and related information during the six months ended June 30, 2026:

			Number of Options						Weighted- Average Exercise Price						Aggregate Intrinsic Value (in thousands)						Weighted- Average Remaining Contractual Life (in years)
Outstanding at December 31, 2025			23,932,504						$	4.97					$	17					7.9
Granted			393,600						$	7.25
Exercised			(409,276)						$	4.00
Forfeited/expired			(358,043)						$	5.13
Outstanding at June 30, 2026			23,558,785						$	5.03					$	100,928					7.5
Vested and exercisable at June 30, 2026			14,788,581						$	5.68					$	58,501					6.9

Summary of RSU Activity under Equity Plans

The following table summarizes RSU activity during the six months ended June 30, 2026:

			Number of Units						Weighted- Average Grant Date Fair Value
Nonvested balance at December 31, 2025			8,127,668						$	6.56
Granted			320,048						$	7.42
Vested			(2,271,063)						$	3.98
Forfeited/canceled			(245,573)						$	4.48
Nonvested balance at June 30, 2026			5,931,080						$	7.68

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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-Name Accounting Standards Codification
-Section 50
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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.

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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.

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