Equity Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2026

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Options

The activity related to stock options during the three months ended March 31, 2026 consisted of the following:

	March 31, 2026
	Number of shares (in thousands)	Weighted-Average Exercise Price
Outstanding at December 31, 2025	8,992	$	9.98
Granted	1,612	13.98
Exercised/released	(64)	9.49
Cancelled/forfeited	(1,227)	10.94
Outstanding at March 31, 2026	9,313	$	10.55

Schedule of Estimated Fair Value of Stock Option

The following weighted-average assumptions were used to estimate the fair value of the options granted during the three months ended March 31, 2026 and 2025:

	Three Months Ended March 31,
	2026			2025
Expected volatility	69		%	78		%
Risk-free interest rate	3.49		%	4.00		%
Expected term (in years)	5.0			5.0
Expected dividend yield	0.0		%	0.0%
Fair value per common share option	$	8.35		$	4.95

Schedule of Performance Awards and Restricted Stock Units Activity

The activity related to PSUs and RSUs for the three months ended March 31, 2026 consisted of the following:

	March 31, 2026
	Number of shares (in thousands)	Weighted-average fair value $
Unvested balance, December 31, 2025	4,021	$	7.27
Granted	939	12.03
Vested	(1,650)	7.98
Cancelled/forfeited	(1,557)	7.81
Unvested balance, March 31, 2026	1,753	$	8.66

Schedule of Share-based Compensation Expense

The classification of share-based compensation expense consisted of the following (in thousands):

	Three Months Ended  March 31,
	2026		2025
Research and development	$	111	$	93
Selling, general and administrative	(1,203)		(3,513)
Capitalized in inventory, net	226		11
Share-based compensation expense	$	(866)	$	(3,409)