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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 | Stock-based compensation expense, which includes expense for both equity and liability-classified awards, reported in the condensed consolidated statements of operations, was as follows:
| Three Months Ended |  | Nine Months Ended
(in thousands) | September 30, 2025 |  | September 30, 2024 |  | September 30, 2025 |  | September 30, 2024
Cost of screening revenue (exclusive of amortization of intangible assets) | $ | 271 |  |  | $ | 400 |  |  | $ | 1,433 |  |  | $ | 1,321 |
Cost of development services revenue | — |  |  | 178 |  |  | 17 |  |  | 201 |
Research and development | 4,330 |  |  | 6,838 |  |  | 12,089 |  |  | 27,906 |
Sales and marketing | 2,499 |  |  | 2,434 |  |  | 8,300 |  |  | 12,786 |
General and administrative | 7,039 |  |  | 7,599 |  |  | 22,679 |  |  | 30,288 |
Stock-based compensation expense, before taxes | 14,139 |  |  | 17,449 |  |  | 44,518 |  |  | 72,502 |
Related income tax benefits | (637) |  |  | (4,230) |  |  | (5,931) |  |  | (17,598) |
Stock-based compensation expense, net of taxes | $ | 13,502 |  |  | $ | 13,219 |  |  | $ | 38,587 |  |  | $ | 54,904 |
Schedule of restricted stock unit activity | A summary of the Company’s restricted stock unit activity, issued under the 2024 Plan and 2024 Inducement Plan, is as follows:
| Restricted Stock Units |  | Weighted-Average Grant-Date Fair Value Per Share
(Units in thousands) |  |  |
Outstanding at January 1, 2025 | 5,523 |  | $14.22
Awarded | 2,370 |  | $38.60
Released | (2,268) |  | $15.36
Forfeited | (518) |  | $21.85
Outstanding at September 30, 2025 | 5,107 |  | $24.56
Schedule of ESPP fair value assumptions | The fair value of employee stock purchase rights under the ESPP have been estimated with the following assumptions using the Black-Scholes-Merton option-pricing model:
| Three and Nine Months Ended |
| September 30, 2025 |
Weighted-average assumptions: |  |
Expected life (in years) | 0.5 |
Risk-free interest rate | 4.2% |
Expected volatility | 108.7% |
Expected dividend | 0% |
Weighted-average estimated grant date fair value per share | $17.68 |

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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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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