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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes stock option activities for the nine months ended September 30, 2025 and 2024:

						Weighted
						Average
						Exercise Price
		Options				Price
Outstanding as of January 1, 2024			2,156,632			$	2.40
Exercised			(10,726	)			2.39
Forfeited			(302	)			2.39
Outstanding as of September 30, 2024			2,145,604			$	2.40
Outstanding as of January 1, 2025			866,135				2.41
Exercised			(310,420	)			2.40
Outstanding as of September 30, 2025			555,715			$	2.41
Vested and exercisable as of September 30, 2025			555,715			$	2.41

Schedule of RSU Activity

The following table summarizes RSU activities for the nine months ended September 30, 2025 and 2024:

						Weighted Average
						Grant Date
		Restricted Stock Units				Fair Value
Outstanding as of January 1, 2024			2,797,071			$	3.92
Granted			1,655,773				4.89
Settled			(990,997	)			4.65
Forfeited			(204,930	)			4.02
Outstanding as of September 30, 2024			3,256,917			$	4.19
Outstanding as of January 1, 2025			2,904,901				4.14
Granted			720,227				34.46
Settled			(1,073,854	)			8.57
Forfeited			(141,138	)			10.79
Outstanding as of September 30, 2025			2,410,136			$	10.81

Schedule of Stock Based Compensation

Stock-based compensation is recorded on the Company’s condensed consolidated statements of operations and comprehensive income as follows (in thousands):

		Three Months Ended September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Technology, development, and user support		$	2,700			$	561			$	5,033			$	2,290
General and administrative			2,300				1,038				5,901				3,468
Stock-based compensation		$	5,000			$	1,599			$	10,934			$	5,758

Schedule of Black-scholes Option-pricing Model, Weighted-average Assumptions

The fair value of the warrants at issuance was estimated at $0.4 million using the Black-Scholes option-pricing model, based on the following weighted-average assumptions:

		September 30, 2025
Exercise price		$	31.90
Risk-free interest rate			4.03	%
Expected dividend yield			0	%
Expected volatility			81.32	%
Expected life (years)			7.0

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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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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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