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Stock-Based Compensation
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation Stock-Based Compensation
The following table summarizes stock-based compensation expense recognized for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31,
20252024
Cost of revenue$$
Research and development249 147 
Sales and marketing1,183 2,011 
General and administrative4,115 6,580 
Total stock-based compensation expense$5,550 $8,740 

For the three months ended March 31, 2025, $96.0 thousand of stock-based compensation expense was capitalized as internally developed software and included in property and equipment, net. For the three months ended March 31, 2024, no stock-based compensation expense was capitalized as internally developed software.

Stock Options and Restricted Stock Units

Stock option and RSU activity during the three months ended March 31, 2025 is as follows (in thousands, except for share,
per share, and contractual term data):

Options OutstandingRestricted Stock Outstanding
Number of
Shares
Available for
Issuance
Under the
Plan
Number of
Shares
Outstanding
Under the
Plan
Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Number of Plan shares outstandingWeighted-Average Grant Date Fair Value per share
Balance at December 31, 20243,325,575 681,729 312.44 5.9630 1,769,947 $10.52 
Additional shares authorized665,342 — — 
Granted(301,645)— — 290,882 5.43 
Exercised/Vested— — — (33)— 
Cancelled/Forfeited/Expired53,684 — — (53,684)6.74 
Additional Shares Authorized and Balance Reconciliation Adjustments(1,733,190)— — — — 
Balance at March 31, 20252,009,766 681,729 312.44 5.7136 2,007,112 $9.48 
As of March 31, 2025, there were approximately 2.0 million shares of common stock available for future grants.