Quarterly report [Sections 13 or 15(d)]

Stock-based Compensation (Tables)

v3.25.2
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the six months ended June 30, 2025 is as follows (in thousands, except per share data):
Number of Units Weighted-Average Grant Date Fair Value Per Share Aggregate Intrinsic Value (in thousands)
Balances—December 31, 2024
40,388,740 $ 5.94  $ 328,360 
Granted 15,149,224 $ 7.54   
Vested (7,800,722) $ 5.90   
Forfeited (5,987,266) $ 6.40   
Balances—June 30, 2025
41,749,976 $ 6.46  $ 440,462 
Summary of Stock-Based Compensation Expense
The following sets forth the total stock-based compensation expense for the Company’s stock awards included in the Company’s condensed consolidated statements of operations (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Research and development expenses $ 21,196  $ 22,444  $ 43,330  $ 43,114 
Selling, general and administrative expenses 5,362  5,926  10,247  12,273 
Total stock-based compensation expense $ 26,558  $ 28,370  $ 53,577  $ 55,387