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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 Stock-Based Compensation Expense | The following table presents the classification of stock-based compensation expense for employees and non-employees within the Condensed Consolidated Statements of Operations:
| Three months ended September 30, |  | Nine months ended September 30,
(in thousands) | 2025 | 2024 |  | 2025 | 2024
Cost of revenue | $ | 964 |  | $ | 1,153 |  |  | $ | 4,727 |  | $ | 2,600 |
Research and development | 14,906 |  | 9,194 |  |  | 46,795 |  | 25,141 |
General and administrative | 9,174 |  | 7,396 |  |  | 34,911 |  | 21,470 |
Total | $ | 25,044 |  | $ | 17,743 |  |  | $ | 86,433 |  | $ | 49,211 |
Schedule of Stock Option Activity | Stock option activity during the nine months ended September 30, 2025 was as follows:
(in thousands except share data and per share amounts) | Shares | Weighted-Average Exercise Price | Weighted-Average Remaining Contractual Life (in years) | Aggregate Intrinsic Value
Outstanding as of December 31, 2024 | 21,941,495 |  | $ | 5.40 |  | 7.9 | $ | 62,685 |
Granted | 3,340,822 |  | 7.08 |  |  |
Cancelled | (2,305,626) |  | 8.81 |  |  |
Exercised | (4,519,592) |  | 1.08 |  |  | 24,350 |
Outstanding as of September 30, 2025 | 18,457,099 |  | $ | 6.52 |  | 7.2 | $ | 20,246 |
Exercisable as of September 30, 2025 | 10,189,094 |  | $ | 6.64 |  | 5.9 | $ | 14,363 |
Schedule of Weighted-Average Assumptions Used to Calculate Grant-Date Fair Value of Stock Options | The following weighted-average assumptions were used to calculate the grant-date fair value of stock options:
| Nine months ended September 30,
| 2025 | 2024
Expected term (in years) | 5.5 | 6.2
Expected volatility | 66 | % | 65 | %
Expected dividend yield | — |  | — |
Risk-free interest rate | 4.0 | % | 4.2 | %
Schedule of RSU Activity | The following table summarizes Recursion’s RSU activity during the nine months ended September 30, 2025:
| Stock units | Weighted-average grant date fair value
Outstanding as of December 31, 2024 | 27,304,229 |  | $ | 7.47 |
Granted | 14,980,106 |  | 5.86 |
Vested | (6,742,946) |  | 7.62 |
Forfeited | (4,898,723) |  | 7.72 |
Outstanding as of September 30, 2025 | 30,642,666 |  | $ | 6.61 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -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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- 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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