v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation  
Schedule of assumptions used in the fair value estimation of each option grant

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June 30, 

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2026

  ​ ​ ​

2025

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Expected life (years)

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3.8 - 5.0

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3.7 - 4.8

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Risk-free interest rate

 

3.8% - 4.2%

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4.0% - 4.0%

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Volatility

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73.7% - 80.3%

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74.4% - 82.9%

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Dividend yield

 

0%

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0%

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Schedule of stock-based compensation expense related to all of our share-based payment awards

Total stock-based compensation expense related to all of our share-based payment awards is comprised of the following (in thousands):

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Three Months Ended June 30, 

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Six Months Ended June 30, 

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2026

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2025

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2026

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2025

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Cost of revenue

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$

433

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$

446

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$

875

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$

983

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Selling, general and administrative

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1,766

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1,407

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3,524

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3,724

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Engineering and development

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203

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192

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398

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402

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$

2,402

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$

2,045

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$

4,797

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$

5,109

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Schedule of stock option activity

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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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Shares

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Price/Share

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Term (Years)

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Value (1)

Outstanding — December 31, 2025

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5,699,444

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$

16.73

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—

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—

Granted (weighted-average fair value of $5.15 per share)

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1,092,771

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8.88

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Exercised

 

(382,049)

 

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2.70

 

—

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—

Forfeited

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(132,147)

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18.40

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—

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—

Expired

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(76,529)

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20.72

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—

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—

Outstanding — June 30, 2026

 

6,201,490

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$

16.13

 

3.8

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$

24,221

Vested (exercisable) — June 30, 2026

 

4,797,493

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$

18.10

 

3.1

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$

15,016

Expected to vest after June 30, 2026 (unexercisable)

 

1,403,997

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$

9.40

 

6.3

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$

9,205

(1)Aggregate intrinsic value represents the difference between the exercise price of the option and the closing market price of the Company’s common stock on June 30, 2026 (the last trading day of the quarter), which was $15.70 per share.
Schedule of restricted stock unit activity

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Weighted Average

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Number of Restricted

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Fair Value per

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Stock Units

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Share

Outstanding — December 31, 2025

 

1,083,194

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$

11.45

Granted

 

1,103,788

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8.20

Share issuance

 

(415,649)

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13.62

Forfeited

 

(58,705)

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9.95

Expired

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—

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Outstanding — June 30, 2026

 

1,712,628

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$

8.88