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Equity Incentive Plans (Tables) | 3 Months Ended
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Mar. 31, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Options | The activity related to stock options during the three months ended March 31, 2026 consisted of the following:
|  | March 31, 2026
|  | Number of shares (in thousands) |  | Weighted-Average Exercise Price
Outstanding at December 31, 2025 |  | 8,992 |  |  | $ | 9.98 |
Granted |  | 1,612 |  |  | 13.98 |
Exercised/released |  | (64) |  |  | 9.49 |
Cancelled/forfeited |  | (1,227) |  |  | 10.94 |
Outstanding at March 31, 2026 |  | 9,313 |  |  | $ | 10.55 |
Schedule of Estimated Fair Value of Stock Option | The following weighted-average assumptions were used to estimate the fair value of the options granted during the three months ended March 31, 2026 and 2025:
|  | Three Months Ended March 31,
|  | 2026 |  | 2025
Expected volatility |  | 69 | % |  | 78 | %
Risk-free interest rate |  | 3.49 | % |  | 4.00 | %
Expected term (in years) |  | 5.0 |  | 5.0
Expected dividend yield |  | 0.0 | % |  | 0.0%
Fair value per common share option |  | $ | 8.35 |  | $ | 4.95
Schedule of Performance Awards and Restricted Stock Units Activity | The activity related to PSUs and RSUs for the three months ended March 31, 2026 consisted of the following:
|  | March 31, 2026
|  | Number of shares (in thousands) |  | Weighted-average fair value $
Unvested balance, December 31, 2025 |  | 4,021 |  |  | $ | 7.27 |
Granted |  | 939 |  |  | 12.03 |
Vested |  | (1,650) |  |  | 7.98 |
Cancelled/forfeited |  | (1,557) |  |  | 7.81 |
Unvested balance, March 31, 2026 |  | 1,753 |  |  | $ | 8.66 |
Schedule of Share-based Compensation Expense | The classification of share-based compensation expense consisted of the following (in thousands):
|  | Three Months Ended March 31, |  |
|  | 2026 |  | 2025 |  |  |  |
Research and development |  | $ | 111 |  |  | $ | 93 |  |  |  |  |
Selling, general and administrative |  | (1,203) |  |  | (3,513) |  |  |  |  |
Capitalized in inventory, net |  | 226 |  |  | 11 |  |  |  |  |
Share-based compensation expense |  | $ | (866) |  |  | $ | (3,409) |  |  |  |  |

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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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)(2) -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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