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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Valuation Assumptions The fair value of PSUs was determined using a Monte Carlo simulation subject to the performance conditions of the underlying PSUs with the following assumptions:
Input2025 Grants2024 Grants2023 Grants
Risk-free interest rate
3.6% - 4.0%
4.5%
3.5%
Expected volatility of the Company’s Class A Common Stock
102.6% - 120.1%
101.5%
74.9%
Schedule of Unvested Share Activity
The following table summarizes the Company’s RSU and PSU activity for the year ended December 31, 2025:
Weighted Average Grant Date Fair Value
RSU Shares
PSU Shares
RSU
PSU
Outstanding - January 1, 2025
7,254,391 1,237,822 $4.56 $5.93 
Granted 12,696,497 2,406,261 1.38 2.28 
Vested (3,217,346)(441,558)4.72 3.11 
Forfeited(4,422,096)(1,007,055)2.53 4.09 
Cancelled(1)
— (41,240)— 20.21 
Outstanding - December 31, 2025
12,311,446 2,154,230 $1.97 $3.02 
(1) Cancelled PSU shares represent TSR PSUs that were not earned for the performance period that ended during the year ended December 31, 2025.
Schedule of Stock Option Activity
The following table summarizes the Company’s stock option activity:
Shares
Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (in years)Aggregate Intrinsic Value
(in thousands)
Outstanding - January 1, 2025
3,483,070 $13.64 5.29$— 
Granted — — 
Exercised
— — 
Forfeited(74,475)15.45 
Expired(948,675)13.81 
Outstanding - December 31, 2025
2,459,920 13.51 5.37— 
Vested and Exercisable - December 31, 2025
2,457,295 13.50 5.37— 
Options vested and expected to vest - December 31, 2025
2,459,920 $13.51 5.37$— 
Schedule of Share Based Compensation
Share-based compensation expense was as follows for the periods indicated:

Year Ended December 31,
(in thousands)202520242023
Cost of sales$519 $52 1,513 
Selling and marketing2,710 7,716 7,962 
Research and development512 345 1,425 
General and administrative11,083 18,583 11,644 
Total share-based compensation
$14,824 $26,696 $22,544