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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following table shows stock-based compensation expense by where the stock-based compensation expense is recorded in the Company’s unaudited condensed consolidated statement of operations:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Cost of revenue			$	71					$	33					$	169					$	82
Sales and marketing			1,228						822						3,207						2,190
Research and development			1,707						579						3,714						1,464
General and administrative			4,569						2,769						12,766						7,028
Total stock-based compensation			$	7,575					$	4,203					$	19,856					$	10,764

Schedule of Weighted-Average Assumptions to Determine Fair Value

The weighted-average assumptions utilized to determine the fair value of options granted to employees are presented in the following table:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Expected volatility			N/A						62.6		%				61.8		%				63.2		%
Weighted-average risk-free interest rate			N/A						4.03		%				4.28		%				3.71		%
Expected dividend yield			N/A						—						—						—
Expected life – in years			N/A						6						6						6

Schedule of Option Activity

A summary of the Company’s option activity as of September 30, 2024, and changes during the nine months then ended are as follows:

			Number of Options						Weighted-Average Exercise Price (per share)						Weighted-Average Remaining Contractual Term (in years)
Outstanding at January 1, 2024			7,175,494						$	7.02					7.78
Granted			15,888						12.62
Exercised			(1,464,641)						2.53
Forfeited			(355,225)						8.94
Outstanding at September 30, 2024			5,371,516						8.14						7.34
Options exercisable at September 30, 2024			3,220,402						6.76						6.71

Schedule of Restricted Stock Unit Activity

A summary of RSU activity for the nine months ended September 30, 2024 is as follows:

						Number of Shares						Weighted-Average Grant Date Fair Value						Aggregate Fair Value
Unvested balance at January 1, 2024						2,571,318						$	9.88					$	25,405
Granted						2,857,598						12.60						36,006
Vested						(996,837)						9.73						9,699
Forfeited						(280,756)						9.77						2,743
Unvested balance as of September 30, 2024						4,151,323						$	11.79					$	48,944

Schedule of Performance Share Units Activity

A summary of PSU activity for the nine months ended September 30, 2024 is as follows:

						Number of Shares						Weighted-Average Grant Date Fair Value						Aggregate Fair Value
Unvested balance at January 1, 2024						1,077,726						$	11.61					$	12,512
Granted						1,146,491						12.56						14,400
Vested						—						—						—
Forfeited						—						—						—
Unvested balance at September 30, 2024						2,224,217						$	12.10					$	26,913

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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.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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