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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Expense, Net of Forfeitures and Adjustments | The Company recorded stock-based compensation expense for the years ended December 31, 2025, 2024, and 2023, net of forfeitures and adjustments, in the consolidated statements of operations as follows:
(in thousands) | 2025 |  | 2024 |  | 2023
Cost of sales | $ | 1,194 |  |  | $ | 759 |  |  | $ | 942 |
General and administrative | 23,961 |  |  | 19,655 |  |  | 9,199 |
Sales and marketing | 1,333 |  |  | 1,077 |  |  | 1,650 |
Research and development | 4,157 |  |  | 2,996 |  |  | 2,500 |
Total | $ | 30,645 |  |  | $ | 24,487 |  |  | $ | 14,291 |
Schedule of Information With Respect to Stock Options | The below tables present information with respect to stock options:
(in thousands, except for exercise price) | Number of Shares |  | Weighted Average Exercise Price |  | Aggregate Intrinsic Value
Outstanding at January 1, 2025 | 714 |  |  | $ | 13.36 |  |  |
Options granted | 134 |  |  | $ | 38.70 |  |  |
Options exercised | (35) |  |  | $ | 13.40 |  |  |
Options canceled/forfeited | (1) |  |  | $ | 16.99 |  |  |
Outstanding at December 31, 2025 | 812 |  |  | $ | 17.54 |  |  | $ | 15,547 |
Vested and expected to vest at December 31, 2025 | 812 |  |  | $ | 17.54 |  |  | $ | 15,547 |
Total shares exercisable at December 31, 2025 | 678 |  |  | $ | 13.35 |  |  | $ | 15,547 |
(in thousands, except for grant date fair value) | 2025 |  | 2024 |  | 2023
Option expense recorded for the year ended December 31, | $ | 138 |  |  | $ | 507 |  |  | $ | 2,813 |
Weighted average grant date fair value | $ | 22.52 |  |  | $ | — |  |  | $ | — |
Total intrinsic value of stock options exercised for the year ended December 31, | $ | 1,397 |  |  | $ | 6,745 |  |  | $ | 2,700 |
Cash received for options exercised | $ | 466 |  |  | $ | 2,235 |  |  | $ | 1,069 |
Schedule of Assumptions for Fair Value of Options at the Date of the Grant | The issuance date fair value of the Warrant extension was determined to be $4.5 million based on using the Black-Scholes model with the following assumptions as of January 2, 2024:
| Original Warrant |  | Modified Warrant |  |  |  |
Expected term | 2.25 years |  | 4.25 years |  |  |  |
Risk free interest rate | 4.33 | % |  | 3.93 | % |  |  |  |
Expected volatility | 55.01 | % |  | 63.39 | % |  |  |  |
Expected dividend yield | None |  | None |  |  |  |
Fair value (per warrant) | $ | 7.36 |  |  | $ | 16.21 |  |  |  |  |
The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the period ending December 31, 2025:
| 2025
Expected option life | 6.0 years
Weighted average risk-free interest rate | 3.8 | %
Weighted average expected volatility | 58.9 | %
Expected dividend yield | None
Schedule of Share-based Compensation by Exercise Price Range | Stock options outstanding at December 31, 2025 are summarized as follows:
Range of exercise prices |  | Number outstanding (in thousands) |  | Weighted average remaining life |  |
$0.73 - $38.70 |  | 812 |  |  | 4.94 years |  |
Summary of Restricted Stock Awards Activity | Current year activity with respect to the Company’s non-vested RSUs is as follows:
(in thousands, except weighted average fair value) | Shares |  | Weighted Average grant- date fair value
Balance at January 1, 2025 | 1,122 |  |  | $ | 47.21 |
Granted | 542 |  |  | $ | 67.77 |
Vested | (482) |  |  | $ | 44.27 |
Canceled/forfeited | (96) |  |  | $ | 54.61 |
Balance at December 31, 2025 | 1,086 |  |  | $ | 59.59 |
The below table presents information with respect to RSUs:
(in thousands) | 2025 |  | 2024 |  | 2023
Service-based RSU | $ | 19,566 |  |  | $ | 12,723 |  |  | $ | 9,189 |
Performance-based RSU | 8,355 |  |  | 8,969 |  |  | 2,257 |
Total stock-based compensation expense related to RSUs | $ | 27,921 |  |  | $ | 21,692 |  |  | $ | 11,446 |

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