v3.25.2
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company operates as one operating segment, and the Company's chief operating decision makers, or the CODMs, are its Co-Chief Executive Officers. The CODMs review segment financial information presented on a consolidated basis, including revenue, gross profit, operating expenses, net loss and adjusted EBITDA, and considers budget-to-actual variances for the purposes of making operating decisions, assessing financial performance and allocating resources. The CODMs do not evaluate operating segment performance using asset information.
The following table presents a summary of the Company's segment information:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(unaudited)
(in thousands)
Revenue
$232,088 $177,235 $435,559 $345,726 
Less:
Cost of revenue (1)
78,296 70,397 150,481 133,567 
Research and development expense (1)
72,547 72,991 147,444 146,354 
Sales and marketing expense (1)
107,832 74,609 201,959 147,705 
General and administrative expense (1)
34,931 31,169 65,490 61,200 
Other segment items (2)
38,381 30,697 65,243 74,513 
Net loss
$(99,899)$(102,628)$(195,058)$(217,613)
(1)Excludes stock-based compensation and related employer payroll tax payments, contingent consideration, amortization of intangible assets, and non-recurring other operating expense.
(2)Includes stock-based compensation and related employer payroll tax payments, contingent consideration, amortization of intangible assets, non-recurring other operating expense, interest income and expense, provision for income taxes, and other income and expense.
The following table sets forth the Company’s revenue by geographic areas based on the customers’ locations:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(unaudited)
(in thousands)
United States$216,684 $168,115 $410,293 $325,463 
International15,404 9,120 25,266 20,263 
Total revenue
$232,088 $177,235 $435,559 $345,726 
As of June 30, 2025, and December 31, 2024, 100% and 99%, respectively, of the Company’s long-lived assets and right-of-use assets are located in the United States.