Restructuring Activities

12 Months Ended

Dec. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Activities

Note 16. Restructuring Activities

During the year ended December 31, 2025 and 2024, the Company incurred restructuring costs of $18.1 million, and $12.6 million, respectively, as part of the broader efforts to optimize the Company’s cost structure. The restructuring costs primarily consisted of severance payments, employee benefits, contract termination costs, exit charges associated with the closure of facilities and related costs. The Company expects to substantially complete these actions in 2026, subject to local law and consultation requirements in certain countries. The Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur as a result of or in connection with the implementation of these actions.

The following table summarizes the Company’s restructuring costs that were recorded as an operating expense in the accompanying Consolidated Statement of Operations for the year ended December 31, 2025, 2024 and 2023 (in thousands):

	Year Ended December 31,
	2025		2024		2023
Cost of revenues	$	4,179	$	1,334	$	876
Research and development	4,793		3,215		4,457
Sales and marketing	5,662		5,885		8,758
General and administrative	3,483		2,201		6,277
Total restructuring costs	$	18,117	$	12,635	$	20,368

The following table summarizes the Company’s restructuring liability that is included in accrued liabilities in the accompanying Consolidated Balance Sheets (in thousands):

Balance as of December 31, 2023	$	3,191
Restructuring costs	12,635
Cash payments	(14,209)
Balance as of December 31, 2024	$	1,617
Restructuring costs	18,117
Cash payments	(15,560)
Non-cash and other adjustments	(1,340)
Balance as of December 31, 2025	$	2,834