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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Payment Arrangement, Expensed and Capitalized, Amount

The Company recorded stock-based compensation on the Consolidated Statement of Operations for the three months ended March 31, 2026 and 2025 as follows (in thousands):

						Three Months Ended March 31,
						2026						2025
Cost of revenue						$	337					$	416
General and administrative						8,392						8,783
Research and development						577						597
Sales and marketing						330						958
Total stock-based compensation						$	9,636					$	10,754

Schedule of Stock Option Activity

A summary of the stock option activity under the Company’s plans for the three months ended March 31, 2026 is as follows:

 

						Number of Shares						Weighted Average Exercise Price
Outstanding at December 31, 2025						7,162,201						$	13.58
Granted						2,882,608						$	10.86
Exercised						(84,122)						$	9.09
Forfeited						(407,676)						$	14.38
Outstanding at March 31, 2026						9,553,011						$	12.76
Vested and expected to vest at March 31, 2026						9,553,011						$	12.76
Exercisable at March 31, 2026						3,522,795						$	14.87

Schedule of Fair Value of Each Stock Option Award Granted

The fair value of each stock option award granted during the three months ended March 31, 2026 was estimated as of the grant date using a Black-Scholes model with the following assumptions:

			Three Months Ended March 31, 2026
Expected term (in years)			5.2 - 6.5
Risk-free interest rate (%)			3.5% - 3.9%
Expected volatility (%)			62.4% - 68.2%
Dividend yield (%)			—
Weighted average grant date fair value per share			$6.20

Schedule of Restricted Stock Activity

A summary of the restricted stock activity under the Company’s plans for the three months ended March 31, 2026 is as follows:

						Number of Restricted Shares						Weighted Average Grant Date Fair Value
Nonvested at December 31, 2025						2,829,597						$	11.89
Granted						1,773,053						$	10.20
Vested						(687,259)						$	12.80
Forfeited						(187,422)						$	12.57
Nonvested at March 31, 2026						3,727,969						$	10.88

A summary of the PSU activity under the Company’s plans for the three months ended March 31, 2026 is as follows:

						Number of Stock Units						Weighted Average Grant Date Fair Value
Nonvested at December 31, 2025						552,208						$	19.38
Granted						—						$	—
Vested						—						$	—
Forfeited						—						$	—
Nonvested at March 31, 2026						552,208						$	19.38

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Tabular disclosure of share-based payment arrangement.

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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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 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.

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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.

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