XML 63 R35.htm IDEA: XBRL DOCUMENT v3.26.1

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

A summary of stock option activity for awards under the 2020 Plan and the 2024 Plan is presented below:

			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Lives (years)						Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2024			2,989,927						$	10.50					8.2						$	55,531
Granted			1,151,114						$	27.20
Exercised			(158,858)						$	7.06
Forfeited			(159,936)						$	16.64
Outstanding as of December 31, 2025			3,822,247						$	15.41					8.0						$	16,441
Exercisable as of December 31, 2025			1,727,761						$	8.25					7.1						$	13,919
Vested and expected to vest			3,822,247						$	15.41					8.0						$	16,441

Schedule of Valuation Assumptions

The assumptions used in the Black-Scholes option pricing model for stock options granted were as follows:

			Year Ended December 31,
			2025						2024
Expected term			5.5 - 6.1 years						5.8 - 6.1 years
Expected volatility			90.2% - 96.5%						93.0% - 106.2%
Risk free interest rate			3.8% - 4.5%						3.8% - 4.5%
Expected dividend yield			0.0%						0.0%

Schedule of Share-Based Compensation Expense

A summary of restricted stock unit activity is presented below:

			Number of Shares						Weighted-Average Grant Date Fair Value
Outstanding as of December 31, 2024			—						$	—
Granted			30,500						26.34
Vested			—						—
Forfeited			(2,860)						26.34
Outstanding as of December 31, 2025			27,640						$	26.34

Share-based compensation expense was as follows (in thousands):

			Year Ended December 31,
			2025						2024
Cost of sales			$	27					$	—

Selling, general and administrative			10,879						4,471
Research and development			1,641						1,894
Total			$	12,547					$	6,365

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration