v3.26.1
STOCK INCENTIVE PLAN AND STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
STOCK INCENTIVE PLAN AND STOCK-BASED COMPENSATION  
Summary of changes in stock options granted

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Weighted-

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Weighted-

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Average

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Average

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Remaining

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Aggregate

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Number of

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Exercise

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Contractual

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Intrinsic

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  ​ ​ ​

Awards

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Price

  ​ ​ ​

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Term

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Value ($000's)

Awards outstanding—December 31, 2025

 

7,861,925

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$

33.56

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6.3

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Awards issued

 

1,664,051

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$

33.90

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Awards exercised

 

(236,405)

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$

23.22

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Awards forfeited

 

(362,605)

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$

36.59

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Awards outstanding—June 30, 2026

 

8,926,966

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$

33.78

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6.4

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$

48,181

Awards exercisable—June 30, 2026

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6,026,171

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$

33.67

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5.2

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$

39,583

Awards unvested—June 30, 2026

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2,900,795

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$

34.01

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9.0

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$

8,598

Summary of changes in SARs granted

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Weighted-

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Weighted-

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Average

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Average

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Remaining

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Aggregate

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Number of

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Exercise

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Contractual

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Intrinsic

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  ​ ​ ​

Awards

  ​ ​ ​

Price

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Term

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Value ($000's)

Awards outstanding—December 31, 2025

 

33,471

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$

8.72

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3.2

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Awards issued

 

—

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$

—

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Awards exercised

 

(3,651)

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$

8.22

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Awards forfeited

 

—

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$

—

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Awards outstanding—June 30, 2026

 

29,820

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$

8.78

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2.7

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$

582

Awards exercisable—June 30, 2026

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29,820

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$

8.78

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2.7

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$

582

Summary of changes in RSUs granted

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Weighted-

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Average

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Number of

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Grant Date

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Awards

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Fair Value

Awards outstanding—December 31, 2025

 

796,498

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$

34.47

Awards issued

 

472,250

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$

36.76

Awards vested

 

(251,617)

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$

33.71

Awards forfeited

 

(109,795)

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$

35.79

Awards outstanding—June 30, 2026

 

907,336

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$

35.72

Summary of assumptions used to value awards

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As of

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June 30, 2026

  ​ ​ ​

December 31, 2025

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Dividend yield

 

0.00

%  

0.00

%

Expected volatility

 

66.49 - 73.24

%  

69.03 - 71.43

%

Risk-free interest rate

 

3.84 - 4.20

%  

3.72 - 4.44

%

Lack of marketability discount

 

0.00

%  

0.00

%

Expected term (years)

 

1.1 - 6.1

 

1.4 - 6.1

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Summary of stock-based compensation expense

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Research and development expense

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$

2,562

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$

2,113

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$

4,927

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$

4,415

Sales and marketing expense

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1,809

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1,652

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3,604

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4,396

General and administrative expense

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5,205

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7,629

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11,353

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15,033

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$

9,576

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$

11,394

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$

19,884

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$

23,844