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Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Based Award Plans

The following table summarizes information about the Company’s stock-based award plans as of December 31, 2025:

 

 

 

Outstanding
Options

 

 

Outstanding
Restricted
Stock Units

 

 

Shares Available
for Future
Issuance

 

2013 Equity Incentive Plan

 

 

1,484,716

 

 

 

 

 

 

 

2018 Equity Incentive Plan

 

 

3,885,504

 

 

 

16,485,829

 

 

 

17,400,002

 

Total

 

 

5,370,220

 

 

 

16,485,829

 

 

 

17,400,002

 

 

Stock Based Compensation Expense Recognized in Consolidated Statements of Operations

Total stock-based compensation expense recognized in the consolidated statements of operations is included in the following categories (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Cost of goods sold

 

$

448

 

 

$

357

 

 

$

1,589

 

Cost of revenue – collaborations and services

 

 

3,212

 

 

 

3,701

 

 

 

897

 

Research and development

 

 

2,478

 

 

 

2,238

 

 

 

1,442

 

Selling, general and administrative

 

 

18,057

 

 

 

15,062

 

 

 

13,721

 

Total

 

$

24,195

 

 

$

21,358

 

 

$

17,649

 

Summary of Stock Options Outstanding

The following table summarizes information relating to stock options:

 

 

 

Number of
Shares

 

 

Weighted
Average Exercise
Price per Share

 

 

Weighted
Average
Remaining
Contractual
Term
(Years)

 

 

Aggregate
Intrinsic
Value ($000)

 

Outstanding as of January 1, 2025

 

 

7,275,256

 

 

$

2.12

 

 

 

3.12

 

 

$

32,438

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,709,361

)

 

 

2.72

 

 

 

 

 

 

 

Forfeited

 

 

(82,125

)

 

 

2.44

 

 

 

 

 

 

 

Expired

 

 

(113,550

)

 

 

14.86

 

 

 

 

 

 

 

Outstanding as of December 31, 2025

 

 

5,370,220

 

 

$

1.66

 

 

 

2.36

 

 

$

21,529

 

Exercisable as of December 31, 2025

 

 

5,049,252

 

 

$

1.62

 

 

 

2.44

 

 

$

20,433

 

Summary of Restricted Stock Unit Activity

The following table summarizes information relating to RSUs:

 

 

 

Number of
Shares

 

 

Weighted
Average
Grant Date
Fair Value
per Share

 

Outstanding as of January 1, 2025

 

 

14,128,954

 

 

$

5.49

 

Granted

 

 

8,672,870

 

 

 

6.06

 

Vested

 

 

(4,348,988

)

 

 

5.02

 

Forfeited

 

 

(1,967,007

)

 

 

6.33

 

Outstanding as of December 31, 2025

 

 

16,485,829

 

 

 

5.82