XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.25.3

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award | RSU activity for the nine months ended September 30, 2025 was as follows:
| RSUs |  | Weighted-average grant date fair value per unit
RSUs unvested as of December 31, 2024 | 4,764,133 |  | $ | 6.18 |
Granted | 3,596,390 |  |  | $ | 6.86 |
Vested | (2,709,672) |  |  | $ | 6.25 |
Forfeited | (528,054) |  |  | $ | 6.41 |
RSUs unvested as of September 30, 2025 | 5,122,797 |  | $ | 6.60 |
Schedule of Stock Option Activity | A summary of stock option 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, 2024 | 6,378,753 |  |  | $ | 7.28 |  |  |  |  |
Options granted | — |  |  | $ | — |  |  |  |  |
Options exercised | (1,352,497) |  |  | $ | 3.46 |  |  |  |  |
Options canceled | (242,417) |  |  | $ | 10.95 |  |  |  |  |
Balance as of September 30, 2025 | 4,783,839 |  |  | $ | 8.18 |  |  | 4.57 |  | $ | 18,137 |
Vested and exercisable as of September 30, 2025 | 4,757,668 |  |  | $ | 8.11 |  |  | 4.56 |  | $ | 18,137 |
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The following table summarizes the Black-Scholes option pricing model used in estimating the fair value of the stock purchase rights under the ESPP during the nine months ended September 30, 2025 and 2024. There were no ESPP offerings or modification events requiring an estimation of fair value during the three months ended September 30, 2025 and 2024.
| Nine Months Ended September 30,
| 2025 |  | 2024
Expected term (in years) | 0.5 - 2.0 |  | 0.5 - 2.0
Expected volatility | 61% - 70% |  | 48% - 56%
Risk-free interest rate | 3.97% - 4.32% |  | 4.82% - 5.43%
Expected dividend yield | — | % |  | — | %
Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount | Stock-based compensation expense included in the condensed consolidated statements of operations and comprehensive loss was as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of revenue | $ | 318 |  |  | $ | 478 |  |  | $ | 1,170 |  |  | $ | 1,218 |
Research and development | 2,564 |  |  | 3,097 |  |  | 9,303 |  |  | 7,455 |
Sales and marketing | 1,230 |  |  | 2,908 |  |  | 4,908 |  |  | 6,492 |
General and administrative | 1,333 |  |  | 1,955 |  |  | 4,727 |  |  | 4,330 |
Total stock-based compensation expense | $ | 5,445 |  |  | $ | 8,438 |  |  | $ | 20,108 |  |  | $ | 19,495 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration