Quarterly report [Sections 13 or 15(d)]

Stockholders' Equity (Tables)

v3.26.1
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Summary of Restricted Stock Activity

RSU activity for the six months ended June 30, 2026 is summarized below:

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

 

 

 

 

 

grant

 

 

 

 

 

 

Performance

 

 

 

 

 

date fair

 

 

 

 

 

 

and

 

 

 

 

 

value

 

Restricted stock units

 

Time-based

 

 

time-based

 

 

Total

 

 

per share

 

Unvested restricted stock units as of December 31, 2025

 

 

1,494,415

 

 

 

1,177,278

 

 

 

2,671,693

 

 

$

8.58

 

Granted

 

 

799,222

 

 

 

698,250

 

 

 

1,497,472

 

 

 

6.65

 

Vested

 

 

(602,522

)

 

 

(70,607

)

 

 

(673,129

)

 

 

7.94

 

Forfeited/canceled

 

 

(213,594

)

 

 

(321,345

)

 

 

(534,939

)

 

 

8.54

 

Unvested restricted stock units as of June 30, 2026 (1)

 

 

1,477,521

 

 

 

1,483,576

 

 

 

2,961,097

 

 

$

7.75

 

Unvested and expected to vest restricted stock units outstanding as of
      June 30, 2026

 

 

 

 

 

 

 

 

1,992,734

 

 

$

7.70

 
(1) Outstanding RSUs are based on the maximum payout of the targeted number of shares.
Summary of Stock-based Compensation Expense

Stock-based compensation expense recognized for the three and six months ended June 30, 2026 and 2025, was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units

 

$

1,706

 

 

$

2,205

 

 

$

3,570

 

 

$

4,213

 

Employee stock purchase plan

 

 

65

 

 

 

88

 

 

 

151

 

 

 

227

 

Total stock-based compensation expense

 

$

1,771

 

 

$

2,293

 

 

$

3,721

 

 

$

4,440

 

For the three and six months ended June 30, 2026 and 2025, respectively, stock-based compensation expense recognized under ASC 718, included in cost of revenue, research and development expense, sales and marketing expense, and general and administrative expense was as follows:

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

73

 

 

$

129

 

 

$

255

 

 

$

296

 

Research and development

 

 

119

 

 

 

69

 

 

 

270

 

 

 

164

 

Sales and marketing

 

 

92

 

 

 

186

 

 

 

131

 

 

 

400

 

General and administrative

 

 

1,487

 

 

 

1,909

 

 

 

3,065

 

 

 

3,580

 

Total stock-based compensation expense

 

$

1,771

 

 

$

2,293

 

 

$

3,721

 

 

$

4,440