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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Compensation Expense
Table 11.1: Details of Stock Compensation Expense by Category
For the Year Ended December 31,
20252024
(in thousands)
Cost of sales - services$652 $828 
Research and development1,238 (121)
General and administrative (1)
28,260 20,704 
Total $30,150 $21,411 
(1) No stock-based compensation expense related to stock options was recorded for the year ended December 31, 2025, while $0.1 million was recorded for the year ended December 31, 2024.
Schedule of Restricted Stock Unit Activity
Restricted Stock
Table 11.2: Restricted Stock Unit Activity
Service-Based RSUPerformance-Based RSUTotalWeighted-Average Grant Date Fair Value
Unvested outstanding units as of December 31, 20241,952,103 10,683,230 12,635,333 $3.52 
Granted1,237,265 3,381,163 4,618,428 3.48 
Vested(895,616)(3,047,890)(3,943,506)3.52 
Forfeited, cancelled, or expired(110,916)(154,649)(265,565)3.43 
Unvested outstanding units as of December 31, 20252,182,836 10,861,854 13,044,690 $3.49 
Schedule of Stock Price Market Condition Fair Value and Assumptions
Table 11.3: PSUs with Stock Price Market Condition Fair Value and Assumptions
For the Year Ended December 31,
20252024
(in thousands)
Performance period (in years)
1.56
2.59
Expected volatility
97.5%
83.9%
Risk-free rate
3.9%
4.70%
Expected derived service period (in years)
0.80 - 0.94
0.63 - 1.31
Grant date fair value
$1.17 - $1.51
$2.62 - $3.75
Schedule of Stock Option Activity
Table 11.4: Stock Option Activity
Stock Options OutstandingWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term
(in years)
Aggregate Intrinsic Value
Outstanding option balance as of December 31, 2024287,000 $1.80 8.4$464,940 
Granted— — 
Exercised(60,000)1.80 
Forfeited, cancelled, or expired— — 
Outstanding option balance as of December 31, 2025227,000 $1.80 7.4$749,100 
Exercisable stock option as of December 31, 2025227,000 $1.80 7.4$749,100