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Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Stock Options Activity

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

		Number of Options				Weighted- Average Exercise Price				Weighted- Average Remaining Contractual Life (Years)				Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2025			2,316,417			$	2.81				3.76			$	24,431
Exercised			(9,152	)			1.74				—				—
Outstanding as of March 31, 2026			2,307,265			$	2.82				3.51			$	24,067
Vested and exercisable as of March 31, 2026			2,307,265			$	2.82				3.51			$	24,067
Vested and expected to vest as of March 31, 2026			2,307,265			$	2.82				3.51			$	24,067

Schedule of Restricted Stock Activity

The following table summarizes the Company's RSU activity (excluding PBRSUs) for the three months ended March 31, 2026:

		Shares				Weighted Average Grant Date Fair Value per Share
Outstanding as of December 31, 2025			7,137,273			$	6.51
Granted			381,506				13.35
Released			(1,395,300	)			8.45
Forfeited			(25,024	)			5.52
Outstanding as of March 31, 2026			6,098,455			$	6.39

Schedule of Fair Value Weighted-Average Assumptions

The Company estimated the fair value of the market-based PBRSUs award on the grant date using the Monte Carlo simulation model with the following assumptions:

Expected term (years)		0.5 - 4.7
Expected volatility			70.9	%
Risk-free interest rate			3.29	%
Dividend yield			0	%
Share price		$	5.10

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense by function was as follows (in thousands):

		Three Months Ended March 31,
		2026				2025
Cost of revenue		$	231			$	31
Research and development expenses			3,998				2,977
General and administrative expenses			5,001				1,376
Sales and marketing expenses			135				180
Total		$	9,365			$	4,564

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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