Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following table shows stock-based compensation expense by where the stock-based compensation expense is recorded in the Company’s unaudited condensed consolidated statement of operations:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenue	$	59	$	32	$	98	$	49
Sales and marketing	1,209		840		1,979		1,368
Research and development	1,371		542		2,007		885
General and administrative	4,527		2,351		8,197		4,259
Total stock-based compensation	$	7,166	$	3,765	$	12,281	$	6,561

Schedule of Weighted-Average Assumptions to Determine Fair Value

The weighted-average assumptions utilized to determine the fair value of options granted to employees are presented in the following table:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Expected volatility	—	%	63.0	%	61.8	%	63.2	%
Weighted-average risk-free interest rate	—	%	3.48	%	4.28	%	3.70	%
Expected dividend yield	—		—		—		—
Expected life – in years	—		6		6		6

Schedule of Option Activity

A summary of the Company’s option activity as of June 30, 2024, and changes during the six months then ended are as follows:

	Number of Options	Weighted-Average Exercise Price (per share)		Weighted-Average Remaining Contractual Term (in years)
Outstanding at January 1, 2024	7,175,494	$	7.02	7.78
Granted	15,888	12.62
Exercised	(1,190,759)	2.56
Forfeited	(293,682)	8.64
Outstanding at June 30, 2024	5,706,941	7.88		7.51
Options exercisable at June 30, 2024	3,217,588	6.10		6.74

Schedule of Restricted Stock Unit Activity

A summary of RSU activity for the six months ended June 30, 2024 is as follows:

	Number of Shares	Weighted-Average Grant Date Fair Value		Aggregate Fair Value
Unvested balance at January 1, 2024	2,571,318	$	9.88	$	25,405
Granted	2,790,878	12.56		35,053
Vested	(831,735)	9.57		7,960
Forfeited	(192,887)	9.04		1,744
Unvested balance as of June 30, 2024	4,337,574	$	11.70	$	50,750

Schedule of Performance Share Units Activity

A summary of PSU activity for the six months ended June 30, 2024 is as follows:

	Number of Shares	Weighted-Average Grant Date Fair Value		Aggregate Fair Value
Unvested balance at January 1, 2024	1,077,726	$	11.61	$	12,512
Granted	1,146,491	12.56		14,400
Vested	—	—		—
Forfeited	—	—		—
Unvested balance at June 30, 2024	2,224,217	$	12.10	$	26,913