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Stock-based Compensation (Tables)

9 Months Ended

Sep. 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 September 30,								Nine Months Ended September 30,
		2025				2024				2025				2024
Cost of product revenue		$	200			$	137			$	586			$	400
Cost of services revenue			186				81				444				201
Research and development expense			497				403				1,317				1,047
Selling, general and administrative expense			4,441				4,028				16,398				9,979
Restructuring and related charges			2,212				—				2,212				—
Total stock-based compensation expense		$	7,536			$	4,649			$	20,957			$	11,627

Summary of Award Activity for Stock Options and RSUs

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

		Stock Options				RSUs
Outstanding at December 31, 2024			39,213				13,389
Granted			5,162				17,368
Exercised or vested			—				(6,076	)
Forfeited			(10,443	)			(2,583	)
Outstanding at September 30, 2025			33,932				22,098

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- 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

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