In November 2025, the Company initiated a restructuring and transformation plan designed primarily to improve the effectiveness and efficiency of its sales and marketing functions in support of its go-to-market objectives (the “2025 Restructuring and Transformation Plan”). The 2025 Restructuring and Transformation Plan includes the redesign and implementation of new strategies and processes, organizational realignment and reallocation of resources, and other corporate actions.

Restructuring costs related to the 2025 Restructuring and Transformation Plan for the three months ended March 31, 2026 and from the inception of the plan through March 31, 2026 were as follows (in thousands):


	Three Months Ended March 31, 2026		From Inception Through March 31, 2026

Workforce reduction	$	486		$	1,456
Impairment loss on right-of-use asset(1)	—			901
Other transformation costs	1,705			2,372
Total restructuring costs	$	2,191		$	4,729

The following table presents the restructuring costs as reported in the consolidated statements of operations and comprehensive loss for the three months ended March 31, 2026 (in thousands):




Restructuring Costs
Cost of revenue	$	237
Research and development	155
Sales and marketing	1,401
General and administrative	398
Total	$	2,191

The following table presents the stock-based compensation costs related to our restructuring activity as reported in the condensed consolidated statement of operations and comprehensive loss for the three months ended March 31, 2026 (in thousands):

As of March 31, 2026, the Company expects to incur additional charges of approximately $2.1 million to $4.3 million through the first quarter of 2027, at which time the 2025 Restructuring and Transformation Plan is expected to be completed. These charges include estimated employee termination expenses of approximately $0.1 million to $0.2 million, and other business transformation costs.

The following table summarizes liabilities incurred under the 2025 Restructuring and Transformation Plan that are included in accounts payable and accrued expenses and other current liabilities on the consolidated balance sheet (in thousands):


	Workforce Reduction		Transformation		Total
Balance as of December 31, 2025	$	510	$	165	$	675
Charges incurred	486		1,705		2,191
Noncash charges	(118)		(218)		(336)
Cash payments during the period	(611)		(1,037)		(1,648)
Balance as of March 31, 2026	$	267	$	615	$	882

In November 2024, management approved a restructuring plan intended to improve the Company’s cost structure and operating efficiency (the “2024 Restructuring Plan”). The 2024 Restructuring Plan included an involuntary reduction in headcount of approximately 12% of the Company’s workforce. In addition, as part of the 2024 Restructuring Plan, the

Company reduced its footprint at its corporate headquarters. The 2024 Restructuring Plan was substantially completed as of December 31, 2024.

The 2024 Restructuring Plan resulted in total restructuring charges of $4.9 million, which were recognized in the fourth quarter of 2024, and primarily consisted of employee severance and benefits in connection with the workforce reduction, which amounted to $3.9 million. The Company also recorded an impairment charge of $0.9 million to its operating right-of-use assets related to the lease of the Company’s corporate headquarters and $0.1 million of professional services fees related to the execution of the Company’s 2024 Restructuring Plan.

No restructuring charges were recognized under the 2024 Restructuring Plan during the three months ended March 31, 2026 and 2025.