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]  
Summary of Stock Option Activities
Following is a summary of stock option activities for the six months ended June 30, 2025:
Options Weighted
Average
Exercise Price
Weighted
Average
Grant Date
Fair Value
Weighted
Average
Remaining
Life
(years)
Intrinsic
Value
Outstanding – January 1, 2025 5,124,516  $ 0.19  $ 0.23  3.0
Exercised (1,611,847) 0.18  0.11  $ 4,795 
Expired (3,640) 0.31  0.10 
Outstanding – June 30, 2025
 3,509,029  $ 0.19  $ 0.29  3.3 $ 13,472 
Exercisable as of June 30, 2025
 3,509,029  $ 0.19  $ 0.29  3.3 $ 13,472 
Summary of Restricted Stock Activity

Restricted Stock Units
Weighted Average Grant Date
Fair Value
Non-vested – January 1, 2025 9,286,110  $ 4.10 
Granted
4,119,704  3.06 
Vested
 (2,450,677) 4.08 
Forfeited
 (136,249) 3.37 
Non-vested – June 30, 2025 (1)
 10,818,888  $ 3.72 
(1) 5,883,703 are PSUs that will vest subject to the achievement of Adjusted EBITDA and Free Cash Flow goals by the Company as discussed above.
Summary of Stock-Based Compensation Expense
Stock-based compensation expense for stock options and restricted stock units in the unaudited interim condensed consolidated statements of operations is summarized as follows:
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Software development
$ 118  $ 101  $ 230  $ 81 
General and administrative
5,212  5,120  9,199  9,317 
Selling and marketing
 80  325  192  691 
Total stock-based compensation expense (1)
 $ 5,410  $ 5,546  $ 9,621  $ 10,089 
(1) Stock-based compensation expense for the three and six months ended June 30, 2025 includes a $61 and $55 of net accrued expense, respectively. Stock-based compensation expense for the three and six months ended June 30, 2024 include $(101) and $124 of accrued expense, respectively.