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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense

Stock-based compensation expense is reported in the Company's condensed consolidated statement of operations as follows (in thousands):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of product revenue

 

$

275

 

 

$

142

 

 

$

386

 

 

$

263

 

Cost of services revenue

 

 

127

 

 

 

79

 

 

 

258

 

 

 

120

 

Research and development expense

 

 

481

 

 

 

238

 

 

 

820

 

 

 

644

 

Selling, general and administrative expense

 

 

4,489

 

 

 

2,951

 

 

 

11,957

 

 

 

5,951

 

Total stock-based compensation expense

 

$

5,372

 

 

$

3,410

 

 

$

13,421

 

 

$

6,978

 

Summary of Award Activity for Stock Options and RSUs

The following table summarizes our award activity for stock options and RSUs for the six months ended June 30, 2025 (in thousands):

 

 

 

Stock Options

 

 

RSUs

 

Outstanding at December 31, 2024

 

 

39,213

 

 

 

13,389

 

Granted

 

 

5,162

 

 

 

10,699

 

Exercised or vested

 

 

 

 

 

(4,324

)

Forfeited

 

 

(8,940

)

 

 

(1,385

)

Outstanding at June 30, 2025

 

 

35,435

 

 

 

18,379