Quarterly report [Sections 13 or 15(d)]

Stock-based Compensation (Tables)

v3.26.1
Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the six months ended June 30, 2026 is as follows (in thousands, except share and per share data):
Number of Shares Weighted-Average Grant Date Fair Value Per Share Aggregate Intrinsic Value
Balances—December 31, 2025
43,604,550 $ 8.14  $ 575,580 
Granted 25,083,433 $ 10.94 
Vested (9,262,694) $ 7.45 
Forfeited (3,539,385) $ 10.02 
Balances—June 30, 2026
55,885,904 $ 9.39  $ 498,502 
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,
2026 2025 2026 2025
Research and development expenses $ 36,938  $ 21,196  $ 67,910  $ 43,330 
Selling, general and administrative expenses 15,033  5,362  28,106  10,247 
Total stock-based compensation expense $ 51,971  $ 26,558  $ 96,016  $ 53,577