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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Key Assumptions Used to Determine Fair Value of Options Granted
The assumptions used in determining the fair value of stock options granted were as follows:
Year Ended December 31,
202420232022
Volatility
83.7%83.6%78.9%
Risk-free interest rate
4.1%3.7%2.1%
Expected life (years)
6.216.216.19
Dividend yield rate
—%—%—%
Schedule of Stock Options Activity
A summary of stock option activity for the year ended December 31, 2024, 2023, and 2022 is presented below:
Weighted
WeightedAverage
AverageRemainingAggregate
StockExerciseContractualIntrinsic
OptionsPer ShareTerms (Years)Value
Outstanding as of December 31, 20235,753,466 $9.46 6.69$11,111 
Granted1,127,833 13.11 
Exercised(537,293)7.24 
Cancelled/forfeited(192,937)10.56 
Outstanding as of December 31, 20246,151,069 $10.29 6.16$10,691 
Vested and expected to vest at December 31, 20246,151,069 $10.29 6.16$10,691 
Exercisable as of December 31, 20243,619,512 $9.95 4.64$7,801 
Schedule of RSUs Activity
A summary of RSU activity for the year ended December 31, 2024, 2023, and 2022, is presented below:
Weighted
RestrictedAverage
StockGrant Date
UnitsFair Value
Outstanding as of December 31, 20233,281,045 $8.88 
Granted1,571,280 13.02 
Vested(1,131,101)8.63 
Forfeited(342,357)9.73 
Outstanding as of December 31, 20243,378,867 $10.80 
A summary of PRSU activity for the year ended December 31, 2024 and 2023, is presented below:
Performance
Weighted
RestrictedAverage
StockGrant Date
UnitsFair Value
Outstanding as of December 31, 2023233,880 $10.25 
Granted298,537 $12.73 
Vested(136,433)$10.25 
Forfeited— $— 
Outstanding as of December 31, 2024395,984 $12.12 
Schedule of Stock-based Compensation Expense
The following table summarizes stock-based compensation expense:
Year Ended December 31,
202420232022
Selling, general and administrative$21,172 $15,564 $10,565 
Research and development1,016 894 268 
Total stock-based compensation expense$22,188 $16,458 $10,833