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Stock-Based Compensation | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Stock-Based Compensation As of June 30, 2026, the Company had only granted awards in the form of stock options, restricted stock units (“RSUs”), and performance stock units (“PSUs”). A summary of the Company’s stock option activity for the six months ended June 30, 2026 was as follows:
(in thousands, except share and per share data) | Stock Options | Weighted- Average Exercise Price | Weighted- Average Remaining Contractual Life (Years) | Aggregate Intrinsic Value
Outstanding as of December 31, 2025 | 1,841,792 | $ | 13.65 |  | 5.6 | $ | 1,748 |
Granted | — | — |  | — | — |
Exercised | — | — |  | — | — |
Forfeited | — | — |  | — | — |
Outstanding as of June 30, 2026 | 1,841,792 | $ | 13.65 |  | 5.1 | $ | 1,612 |
Vested and exercisable as of June 30, 2026 | 1,841,792 | $ | 13.65 |  | 5.1 | $ | 1,612 |
A summary of the Company’s RSUs activity for the six months ended June 30, 2026 was as follows:
|  | Shares | Weighted- Average Grant Date Fair Value
Unvested as of December 31, 2025 |  | 1,629,184 |  | $ | 6.88 |
Granted |  | 800,535 |  | 7.73 |
Vested |  | (574,048) |  | 7.28 |
Forfeited |  | (131,090) |  | 6.31 |
Unvested as of June 30, 2026 |  | 1,724,581 |  | $ | 7.18 |
A summary of the Company’s PSUs activity for the six months ended June 30, 2026 was as follows:
|  | Shares | Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2025 |  | 19,276 |  | $ | 3.26 |
Granted |  | — |  | — |
Vested |  | (19,276) |  | 3.26 |
Forfeited |  | — |  | — |
Unvested as of June 30, 2026 |  | — |  | $ | — |
The Company recognized stock-based compensation expense related to stock options, RSUs, and PSUs of $3.0 million and $5.1 million for the three months ended June 30, 2026 and 2025, respectively and $4.6 million and $6.3 million for the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, total unrecognized compensation expense related to unvested RSUs was $11.0 million which will be recognized over a weighted-average vesting period of approximately 2.0 years. As of June 30, 2026, there were no unrecognized compensation expenses related to unvested stock options and PSUs.

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