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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
A summary of the stock option activity under our equity incentive plans is as follows:
Number of OptionsWeighted- Average Exercise PriceWeighted- Average Remaining Contractual Term (years)Aggregate Intrinsic Value (in thousands)
Balance – December 31, 20241,997,466 $2.12 6.3$732 
Granted— — — — 
Exercised — — — — 
Forfeited, expired and cancelled— — — — 
Balance – June 30, 20251,997,466 $2.12 5.8$878 
Exercisable – June 30, 20251,997,466 $2.12 5.8$878 
Vested and expected to vest as of June 30, 20251,997,466 $2.12 5.8$878 
Schedule of Restricted Stock Unit Activity
A summary of restricted stock unit (“RSU”) activity under our equity incentive plans is as follows:
Number of AwardsWeighted- Average Grant Date Fair Value per Share
Unvested and outstanding balance at December 31, 20243,660,581 $1.34 
Granted4,383,824 1.10 
Vested(3,224,163)1.13 
Forfeited(652,338)1.44 
Unvested and outstanding balance at June 30, 20254,167,904 $1.23 
Schedule of Performance-based Restricted Stock Unit Activity
A summary of performance-based restricted stock unit (“PSU”) activity under our equity incentive plans is as follows:

Number of AwardsWeighted- Average Grant Date Fair Value per Share
Unvested and outstanding balance at December 31, 2024243,424 $7.59 
Granted— — 
Vested(169,021)26.18 
Forfeited(74,403)4.95 
Unvested and outstanding balance at June 30, 2025— $— 
Schedule of Allocated Share-based Compensation Expense
Stock-based compensation expense under our equity incentive plans was as follows (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Cost of sales
$— $— $— $633 
Selling and administrative expenses
1,666 2,005 2,353 3,206 
Total$1,666 $2,005 $2,353 $3,839