| Share-Based Payment Arrangement, Expensed and Capitalized, Amount |
The Company’s stock-based compensation expense is recorded as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, | | Six months ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Cost of revenue | $ | 766 | | | $ | 625 | | | $ | 1,756 | | | $ | 1,282 | | Sales and marketing(1) | 5,552 | | | 4,873 | | | 11,342 | | | 10,002 | | | Research and development | 2,770 | | | 2,500 | | | 5,976 | | | 5,647 | | | General and administrative | 5,956 | | | 5,644 | | | 12,652 | | | 10,463 | | | Total stock-based compensation expense | $ | 15,044 | | | $ | 13,642 | | | $ | 31,726 | | | $ | 27,394 | |
_______________ (1)Sales and marketing includes common stock warrant expense of $2.1 million recognized during each of the three months ended June 30, 2026 and 2025, and $4.3 million recognized during each of the six months ended June 30, 2026 and 2025. See Note 7 – Stockholders’ Equity.
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| Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award |
A summary of option activity for the six months ended June 30, 2026, is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Options | | Weighted Average Exercise Price | | Weighted Average Remaining Contractual Term
(in years) | | Aggregate Intrinsic Value
(in thousands) | Options outstanding as of December 31, 2025 | 2,525,061 | | $ | 15.42 | | | 5.3 | | $ | 19,780 | | | Exercised | (190,930) | | 13.77 | | |
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| | Forfeited or expired | (35,756) | | 22.00 | | |
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| Options outstanding as of June 30, 2026 | 2,298,375 | | $ | 15.45 | | | 4.8 | | $ | 43,000 | | Options vested and exercisable as of June 30, 2026 | 2,113,175 | | $ | 15.00 | | | 4.6 | | $ | 40,492 | |
A summary of RSU activity for the six months ended June 30, 2026, is as follows: | | | | | | | | | | | | | RSUs | | Weighted Average Grant Date Fair Value per Share | Unvested and outstanding as of December 31, 2025 | 2,436,259 | | $ | 50.28 | | | Granted | 2,839,306 | | 23.41 | | | Vested | (578,986) | | 41.07 | | | Forfeited or expired | (232,167) | | 34.78 | | Unvested and outstanding as of June 30, 2026 | 4,464,412 | | $ | 35.19 | |
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