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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in the Consolidated Statements of Operations and Comprehensive Loss was as follows:
For the years ended December 31,
20252024
Stock options$— $264 
Performance-based restricted stock units
6,690 8,332 
Restricted stock units18,186 10,184 
Total
$
24,876 
$18,780 
Schedule of Stock Option Activity
The following table summarizes stock options activity during the years ended December 31, 2025 and 2024:

UnitsWeighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual Term
(years)
Options Outstanding at December 31, 2023
4,227,627 4.47 5.2
Granted— — 
Cancelled/Forfeited(225,000)1.39 
Exercised
(44,000)1.28 
Options Outstanding at December 31, 2024
3,958,627 4.68 4.0
Granted— — 
Cancelled/Forfeited(28,090)16.32 
Exercised
(938,628)2.69 
Options Outstanding at December 31, 2025
2,991,909 5.20 4.2
Options Exercisable at December 31, 2025
2,991,909 5.20 4.2
Schedule of Restricted Stock Units (RSU and PRSU)
The following table summarizes RSU activity during the years ended years ended December 31, 2025 and 2024
 UnitsWeighted-Average
Grant-Date Fair Value
RSUs Outstanding at December 31, 2023
5,447,458 $4.58 
Granted12,135,118 1.87 
Cancelled/Forfeited(1,238,231)2.25 
Vested(2,371,609)6.05 
RSUs Outstanding at December 31, 2024
13,972,736 2.18 
Granted5,640,492 7.33 
Cancelled/Forfeited(1,787,571)2.52 
Vested(5,945,930)2.51 
RSUs Outstanding at December 31, 2025
11,879,727 4.41 
The following table summarizes PRSU activity during the years ended December 31, 2025 and 2024:
 UnitsWeighted-Average
Grant-Date Fair Value
PRSUs Outstanding at December 31, 2023
— $— 
Granted9,192,500 1.92 
Cancelled/Forfeited(387,500)1.74 
Vested— — 
PRSUs Outstanding at December 31, 2024
8,805,000 1.93 
Granted1,197,278 5.43 
Cancelled/Forfeited(656,245)1.87 
Vested(7,032,842)1.74 
PRSUs Outstanding at December 31, 2025
2,313,191 4.33 
Schedule Share Based Compensation Award Valuation Assumptions
The following summarizes the key assumptions used to estimate the fair value of the TSR awards that were granted, and the resulting weighted average grant date fair value.

2025 TSR awards2024 TSR awards
Company share price
$4.54 $1.74 
Company volatility117.2 %115.3 %
Company correlation
30.6 %36.1 %
Company dividend yield— %— %
Weighted average performance term
2.3 years2.4 years
Weighted average risk-free interest rate3.7 %4.3 %
Peer group average volatility55.9 %54.3 %
Peer group average correlation
47.1 %44.2 %
Weighted average grant date fair value$6.84 $3.19