Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes the activity for all stock options under all of the Company’s equity incentive plans for the three months ended March 31, 2026 (shares and aggregate intrinsic value in thousands):

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value
Outstanding at December 31, 2025	3,083	$	20.52	3.92	$	15,626
Granted	—	—
Exercised	(251)	5.08
Canceled	—	28.80
Outstanding at March 31, 2026	2,832	$	21.89	4.00	$	5,389
Options vested and exercisable at March 31, 2026	2,818	$	21.85	3.98	$	5,389

Schedule of Activity for all Restricted Stock Units (RSUs)

The following table summarizes the activity for all restricted stock units (“RSUs”) under all of the Company’s equity incentive plans for the three months ended March 31, 2026 (shares in thousands):

	Number of Awards	Weighted Average Grant Date Fair Value
Unvested balance at December 31, 2025	17,299	$	10.34
Granted	1,981	13.94
Issued	(1,651)	15.03
Canceled / forfeited	(235)	9.94
Unvested balance at March 31, 2026	17,394	$	10.31

Schedule of Stock-Based Compensation Expense

The Company recognized stock-based compensation expense, including ESPP expenses, in the consolidated statements of operations as follows (in thousands):

	Three Months Ended March 31,
	2026		2025
Cost of customer agreements and incentives	$	2,893	$	2,493
Cost of energy systems and product sales	836		454
Sales and marketing	6,933		10,156
Research and development	1,289		993
General and administration	14,351		10,875
Total	$	26,302	$	24,971