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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

Note 9 — Stock-Based Compensation

We recognized total stock-based compensation expense in our Condensed Consolidated Statements of Operations as follows (in thousands):

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of goods sold

 

$

—

 

 

$

516

 

 

$

—

 

 

$

1,673

 

Research and development

 

 

1,630

 

 

 

2,010

 

 

 

4,268

 

 

 

6,337

 

General and administrative

 

 

1,442

 

 

 

2,865

 

 

 

6,188

 

 

 

8,799

 

Total stock-based compensation

 

$

3,072

 

 

$

5,391

 

 

$

10,456

 

 

$

16,809