Quarterly report [Sections 13 or 15(d)]

Stock-based Compensation (Tables)

v3.25.3
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Restricted Stock Units Activity
A summary of RSU activity for the nine months ended September 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 17,585,427 $ 8.63   
Vested (10,852,236) $ 5.91   
Forfeited (6,826,194) $ 6.42   
Balances—September 30, 2025
40,295,737 $ 7.04  $ 650,373 
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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Research and development expenses $ 25,394  $ 22,008  $ 68,724  $ 65,122 
Selling, general and administrative expenses 7,476  5,385  17,723  17,658 
Total stock-based compensation expense $ 32,870  $ 27,393  $ 86,447  $ 82,780