Quarterly report [Sections 13 or 15(d)]

Stockholders??? Equity (Tables)

v3.26.1
Stockholders’ Equity (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Summary of Share-Based Compensation Expense The following table sets forth share-based compensation expense included in the condensed consolidated statements of operations:

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Cost of revenue

 

$

52

 

 

$

32

 

Research and development

 

 

473

 

 

 

484

 

Sales and marketing

 

 

652

 

 

 

491

 

General and administrative

 

 

1,041

 

 

 

901

 

Share-based compensation expense

 

$

2,218

 

 

$

1,908

 

Share-based compensation expense by type of share-based award is summarized below:

 

Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Stock options

 

$

28

 

 

$

110

 

RSAs and RSUs

 

 

2,043

 

 

 

1,727

 

ESPP

 

 

147

 

 

 

71

 

 

$

2,218

 

 

$

1,908

 

 

Total unrecognized compensation expense by type of award and the weighted-average remaining requisite service period over which such expense is expected to be recognized (in thousands, unless otherwise noted):

 

March 31, 2026

 

 

Unrecognized
Expense

 

 

Remaining
Weighted-
Average
Recognition
Period (in years)

 

RSUs

 

$

15,618

 

 

 

2.32

 
Summary of Stock Option Activity

Stock option activity during the three months ended March 31, 2026 is summarized below:

 

Stock
Options

 

 

Weighted-
average
Exercise
price
per share

 

 

Weighted-
average
Remaining
Contractual
Life (in years)

 

 

Intrinsic
Value
(in thousands)(1)

 

Outstanding at December 31, 2025

 

 

1,302,072

 

 

$

5.78

 

 

 

 

 

 

 

Exercised

 

 

(50,692

)

 

$

3.83

 

 

 

 

 

 

 

Forfeited or expired

 

 

(1,875

)

 

$

12.40

 

 

 

 

 

 

 

Outstanding at March 31, 2026

 

 

1,249,505

 

 

$

5.85

 

 

 

3.60

 

 

$

5,388

 

Exercisable at March 31, 2026

 

 

1,249,505

 

 

$

5.85

 

 

 

3.60

 

 

$

5,388

 

 

(1)

Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.
Schedule of Restricted Stock Unit Activity

Restricted Stock Unit Activity

Restricted stock unit (“RSU”) activity for the three months ended March 31, 2026 is summarized below:

 

Restricted Stock
Units

 

 

Weighted-
Average
Grant
Date Fair Value

 

Outstanding at December 31, 2025

 

 

1,651,867

 

 

$

9.16

 

Granted

 

 

689,132

 

 

$

13.56

 

Vested

 

 

(748,681

)

 

$

7.83

 

Forfeited or expired

 

 

(14,589

)

 

$

11.03

 

Outstanding at March 31, 2026

 

 

1,577,729

 

 

$

11.69