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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | RSU activity for the year ended December 31, 2024 was as follows:
| Shares |  | Weighted-average grant date fair value per share
Shares unvested as of December 31, 2023 | 5,256,833 |  |  | $ | 5.63 |
Granted | 3,900,834 |  |  | $ | 6.97 |
Vested | (3,730,552) |  |  | $ | 6.25 |
Forfeited | (662,982) |  |  | $ | 6.09 |
Shares unvested and expected to vest as of December 31, 2024 | 4,764,133 |  | $ | 6.18 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The following table summarizes the Black-Scholes option pricing model weighted-average assumptions used in estimating the fair value of the stock purchase rights granted to employees under the ESPP for the years ended December 31, 2024 and 2023:
| For the Years Ended December 31,
| 2024 |  | 2023
Expected term (in years) | 0.5 - 2.0 |  | 0.5 - 2.0
Expected volatility | 48% - 74% |  | 46% - 64%
Risk-free interest rate | 4.31% - 5.43% |  | 4.29% - 5.43%
Expected dividend yield | — | % |  | — | %
Schedule of Stock Option Activity | A summary of stock option award activity under the Company’s equity plans and related information is as follows (in thousands, except share, price and year data):
|  | Outstanding stock options |  | Weighted- average exercise Price |  | Weighted- average remaining contractual life (years) |  | Aggregate intrinsic value
Balance as of December 31, 2023 |  | 9,307,142 |  |  | $ | 6.41 |  |  | 5.57 |  | $ | 31,250 |
Options granted |  | — |  |  | — |  |  |  |  |
Options exercised |  | (2,526,902) |  |  | 2.98 |  |  |  |  |
Options cancelled |  | (401,487) |  |  | 14.08 |  |  |  |  |
Balance as of December 31, 2024 |  | 6,378,753 |  |  | $ | 7.28 |  |  | 4.95 |  | $ | 12,136 |
Vested and exercisable as of December 31, 2024 |  | 6,013,202 |  |  | $ | 6.77 |  |  | 4.84 |  | $ | 12,112 |
Vested and expected to vest |  | 6,378,753 |  |  | $ | 7.28 |  |  | 4.95 |  | $ | 12,136 |
Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount | Total stock-based compensation expense was as follows (in thousands):
| For the Years Ended December 31,
| 2024 |  | 2023 |  |
Cost of revenue | $ | 1,907 |  |  | $ | 1,986 |  |  |
Research and development | 11,277 |  |  | 9,218 |  |  |
Sales and marketing | 9,505 |  |  | 8,801 |  |  |
General and administrative | 5,939 |  |  | 5,172 |  |  |
Total stock-based compensation expense (1) | $ | 28,628 |  |  | $ | 25,177 |  |  |
(1) Stock-based compensation expense includes restructuring charges of $2.5 million and $0.1 million, incurred during the years ended December 31, 2024 and 2023. Of the $2.5 million in stock-based compensation restructuring charges incurred during the year ended December 31, 2024, $0.3 million related to cost of revenue, $0.9 million related to research and development costs, $1.2 million, related to sales and marketing costs, and $0.1 million related to general and administrative costs. Of the $0.1 million in stock-based compensation restructuring charges occurred during 2023. $0.1 million related to sales and marketing costs. The following table presents the stock-based compensation costs as reported in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2024 and December 31, 2023 (in thousands):
| For the Years Ended December 31,
Stock-based Compensation | 2024 |  | 2023
Cost of revenue | $ | 291 |  |  | $ | — |
Research and development | 885 |  |  | — |
Sales and marketing | 1,225 |  |  | 80 |
General and administrative | 123 |  |  | 45 |
Total | $ | 2,524 |  |  | $ | 125 |

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