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Stock-Based Awards
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock-Based Awards

Note 5. Stock-Based Awards

Restricted Stock Units

We grant restricted stock units (“RSUs”) with a service condition, and RSUs with market and service conditions (“MSUs”).

The following table summarizes activity for RSUs and MSUs for the six months ended June 30, 2025 (in thousands):

 

 

Number of Underlying Shares

 

 

 

RSUs

 

 

MSUs

 

Outstanding at December 31, 2024

 

 

 

920

 

 

 

239

 

Granted

 

 

 

296

 

 

 

63

 

Vested

 

 

 

(294

)

 

 

(87

)

Forfeited

 

 

 

(54

)

 

 

(34

)

Outstanding at June 30, 2025

 

 

 

868

 

 

 

181

 

Stock-Based Compensation Expense

The following table presents the detail of stock-based compensation expense amounts included in our condensed consolidated statements of operations for the periods presented (in thousands):

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of revenue

$

539

 

 

$

534

 

 

$

1,065

 

 

$

987

 

Research and development expense

 

6,065

 

 

 

6,543

 

 

 

13,084

 

 

 

11,805

 

Sales and marketing expense

 

1,984

 

 

 

2,802

 

 

 

2,254

 

 

 

5,211

 

General and administrative expense

 

4,435

 

 

 

4,826

 

 

 

9,142

 

 

 

8,492

 

Total stock-based compensation expense

$

13,023

 

 

$

14,705

 

 

$

25,545

 

 

$

26,495