XML 27 R19.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock-Based Compensation | 3 Months Ended
--- | ---
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | 11. Stock-Based Compensation The Company has stock-based compensation plans, which are more fully described in Note 11, Stock Plans, to the Consolidated Financial Statements included in the 2024 10-K. During the three months ended March 31, 2025, the Company granted restricted stock units (“RSUs”) subject to service conditions, RSUs subject to service and performance conditions, and RSUs subject to service and market conditions. Stock Options The following table summarizes the activities for all stock options under the Company’s stock-based compensation plans for the three months ended March 31, 2025:
|  | Number of Options Outstanding |  |  | Weighted-Average Exercise Price |  |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value(1) |
|  | (in thousands) |  |  |  |  |  |  |  | (in thousands) |
Outstanding as of December 31, 2024(2) |  |  | 8,438 |  |  | $ | 12.93 |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |
Exercised |  |  | (3 | ) |  | $ | 2.56 |  |  |  |  |  |
Forfeited or expired(3) |  |  | (231 | ) |  | $ | 9.99 |  |  |  |  |  |
Outstanding as of March 31, 2025(2) |  |  | 8,204 |  |  | $ | 13.01 |  |  | 4.0 years |  | $ | 2 |
Exercisable as of March 31, 2025(4) |  |  | 8,079 |  |  | $ | 13.06 |  |  | 4.0 years |  | $ | 2 |
Vested and expected to vest as of March 31, 2025(5) |  |  | 8,204 |  |  | $ | 13.01 |  |  | 4.0 years |  | $ | 2 |
(1) The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards. (2) Includes 3,620 and 3,558 performance condition stock options as of March 31, 2025 and December 31, 2024, respectively. (3) Includes 62 performance condition stock options. (4) Includes 3,558 performance condition stock options. (5) Includes 3,558 performance condition stock options. There were no stock options granted during the three months ended March 31, 2025 and 2024. The total intrinsic value of stock options exercised during the three months ended March 31, 2025 and 2024 was immaterial. As of March 31, 2025, the total unrecognized compensation cost related to all nonvested stock options was $892 and the related weighted-average period over which it is expected to be recognized was approximately 1.3 years. Restricted Stock Units The following table summarizes the activities for all RSUs under the Company’s stock-based compensation plans for the three months ended March 31, 2025:
|  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value Per Share |
|  | (in thousands) |  |  |  |
Outstanding and nonvested as of December 31, 2024(1) |  |  | 1,902 |  |  | $ | 4.94 |
Granted(2) |  |  | 817 |  |  | $ | 3.95 |
Vested |  |  | (232 | ) |  | $ | 6.29 |
Forfeited(3) |  |  | (425 | ) |  | $ | 5.55 |
Outstanding and nonvested as of March 31, 2025(1) |  |  | 2,062 |  |  | $ | 4.28 |
(1) Includes 323 and 248 performance condition RSUs as of March 31, 2025 and December 31, 2024, respectively. (2) Includes 323 performance condition RSUs. (3) Includes 248 performance condition RSUs. The total vesting date fair value of RSUs which vested during the three months ended March 31, 2025 and 2024 was $729 and $429, respectively. As of March 31, 2025, the total unrecognized compensation cost related to all nonvested RSUs was $6,250 and the related weighted-average period over which it is expected to be recognized was approximately 2.1 years. Stock-Based Compensation Expense The following table provides information about stock-based compensation expense by award type:
|  | Three Months Ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
Stock options |  | $ | 334 |  |  | $ | 572 |
Restricted stock units |  |  | 1,026 |  |  |  | 807 |
Employee stock purchase plan |  |  | 383 |  |  |  | 156 |
Total stock-based compensation expense |  | $ | 1,743 |  |  | $ | 1,535 |
The following table provides information about stock-based compensation expense by financial statement line item:
|  | Three Months Ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
Cost of revenue (exclusive of depreciation and amortization) |  | $ | — |  |  | $ | (1 | )
Sales and marketing |  |  | 264 |  |  |  | 159 |
Research and development |  |  | 318 |  |  |  | 532 |
General and administrative |  |  | 1,161 |  |  |  | 845 |
Total stock-based compensation expense |  | $ | 1,743 |  |  | $ | 1,535 |
Stock-based compensation expense capitalized as part of internal-use software was $57 and $118 for the three months ended March 31, 2025 and 2024, respectively.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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