v3.25.3
Stock-based Compensation (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation The following table summarizes stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations for the periods presented:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
(In thousands)
Research and development$611 $823 $1,870 $2,529 
Sales and marketing1,756 1,324 4,313 4,094 
General and administrative1,274 1,905 4,189 4,864 
Total stock-based compensation$3,641 $4,052 $10,372 $11,487 
Schedule of Stock Option, RSU and PSU Activity
The following table summarizes stock option, RSU and PSU activity for the nine months ended September 30, 2025:
Stock Options
Service-Based RSUs
PSUs
Outstanding—December 31, 2024
1,692,519 3,798,514 1,226,600 
Granted— 6,866,910 2,002,848 
Exercised/Vested— (1,649,398)(174,923)
Forfeited
(232,727)(677,047)(40,948)
Outstanding—September 30, 2025
1,459,792 8,338,979 3,013,577 
Schedule Of Estimate the Fair Value of the Market-Based PSUs
The following assumptions are used to estimate the fair value of the Company’s market-based PSUs:
Nine Months Ended September 30,
20252024
Expected volatility52.35 %60.68 %
Risk-free rate3.83 %4.53 %
Expected dividend yield— —