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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Performance-based Restricted Stock Units Vesting Conditions The following table presents additional information relating to each MSU award:
Share Price Goal
Incremental Units
Tranche Cumulative Units
December 31, 2025 Vesting:
$3.14 144,041 144,041 
$5.00 144,041 288,082 
$8.00 144,041 432,123 
$10.00 144,041 576,164 
$12.00 144,041 720,205 
$14.00 144,041 864,246 
December 31, 2026 Vesting:
$3.14 142,050 142,050 
$5.00 142,050 284,100 
$8.00 142,050 426,150 
$10.00 142,050 568,200 
$12.00 142,050 710,250 
$14.00 142,050 852,300 
Schedule of Restricted Stock Units Activity
A summary of RSU and MSU activity for the three months ended March 31, 2025, is as follows (amounts in thousands, except per share amounts):
Restricted Stock Units
Market Condition Restricted Stock Units
Number of
Shares		Weighted-Average
Grant Date Fair
Value		Number of
Shares		Weighted-Average
Grant Date Fair
Value
Unvested - December 31, 2024
18,341 7.68 1,728 6.11 
Granted
942 10.62 — — 
Vested
(2,981)7.46 — — 
Forfeited
(302)7.63 (12)3.99 
Unvested - March 31, 2025
16,000 $7.90 1,716 $6.12 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award
Stock-based compensation expense for the three months ended March 31, 2025 and 2024, is included in the Company’s condensed consolidated statements of operations as follows (in thousands):

Three Months Ended March 31,
20252024
Cost of revenue$1,382 $959 
Selling, general and administrative14,803 (2,019)
Stock-based compensation expense, net of amounts capitalized1
16,185 (1,060)
Capitalized stock-based compensation2
220 — 
Total stock-based compensation cost
$16,405 $(1,060)
1 The three months ended March 31, 2024, includes the reversal of stock-based compensation expense due to $6.1 million in forfeitures incurred during the period.
2 Represents the amounts of stock-based compensation capitalized to property, plant, and equipment.