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Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Assumptions Used to Determine Grant-date Fair Value of Stock Options Granted

The following table presents, on a weighted-average basis, the assumptions used in the Black-Scholes option pricing model to determine the grant-date fair value of stock options granted:

		Nine Months Ended September 30,
		2025				2024
Fair value of common stock		$	14.38			$	10.95
Risk-free interest rate			4.25	%			4.08	%
Expected term (in years)			5.97				6.02
Expected volatility			100.01	%			86.57	%
Expected dividend yield			0	%			0	%

Summary of Stock Options Activity

The following table summarizes stock option activity for the nine months ended September 30, 2025:

										Weighted-
						Weighted- Average				Average Remaining				Aggregate
		Number of Options				Exercise Price				Contractual Term				Intrinsic Value
										(in years)				(in thousands)
Outstanding at December 31, 2024			5,667,555			$	6.98				7.6			$	22,929
Granted			1,731,539			$	17.85
Exercised			(462,107	)		$	6.04
Forfeited or cancelled			(156,340	)		$	9.95
Expired			(15,396	)		$	7.09
Outstanding at September 30, 2025			6,765,251			$	9.76				7.5			$	68,553
Vested and expected to vest at September 30, 2025			6,765,251			$	9.76				7.5			$	68,553
Options exercisable at September 30, 2025			3,536,423			$	7.74				6.6			$	42,854

Summary of Non-Vested Stock Options

The following table summarizes the non-vested stock options that were outstanding as of September 30, 2025 and December 31, 2024:

						Weighted- Average
		Number of Options				Exercise Price
Non-vested options, September 30, 2025			3,228,828			$	11.97
Non-vested options, December 31, 2024			2,797,887			$	6.86

Summary of RSU Activity

The following table summarizes RSU activity under the Company's incentive plans for the nine months ended September 30, 2025:

						Weighted- Average
		Number of Shares				Grant Date Fair Value
RSUs outstanding, December 31, 2024			—			$	—
Granted			1,056,299			$	14.69
Vested			(190,222	)		$	14.59
Cancelled			(41,306	)		$	14.52
RSUs outstanding, September 30, 2025			824,771			$	14.72

Schedule of Stock-Based Compensation Expense by Type and Financial Statement Line

Stock-based compensation expense by type and financial statement line is included in the Company’s statements of operations and comprehensive loss as follows:

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(in thousands)								(in thousands)
Options		$	3,116			$	1,976			$	8,721			$	4,832
RSUs			1,362				—				3,360				—
Total stock-based compensation expense		$	4,478			$	1,976			$	12,081			$	4,832

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
		(in thousands)								(in thousands)
Cost of sales		$	140			$	69			$	399			$	201
Research and development			893				294				2,319				844
Sales and marketing			1,273				472				3,388				1,150
General and administrative			2,172				1,141				5,975				2,637
Total stock-based compensation expense		$	4,478			$	1,976			$	12,081			$	4,832

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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 changes in outstanding nonvested restricted stock units.

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Tabular disclosure of the changes in outstanding nonvested shares.

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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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