| Segment Information |
17. SEGMENT INFORMATION The Company operates as one operating segment as its Chief Executive Officer, who is the chief operating decision maker, reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Consolidated net loss as reported on the condensed consolidated statements of operations is used to evaluate performance and allocate resources. The following table presents revenue, significant expenses, and segment profit and loss (in thousands):
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue |
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$ |
20,694 |
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$ |
11,381 |
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$ |
28,260 |
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$ |
18,963 |
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Less: |
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Operating costs and expenses excluding stock-based compensation: |
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Cost of revenue (excluding depreciation and amortization) |
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6,512 |
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4,568 |
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9,764 |
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6,977 |
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Research and development |
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27,125 |
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19,637 |
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49,686 |
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39,639 |
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Sales and marketing |
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5,305 |
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3,684 |
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9,559 |
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7,610 |
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General and administrative |
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32,560 |
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7,149 |
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45,924 |
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15,254 |
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Stock-based compensation |
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99,168 |
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20,979 |
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132,421 |
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43,040 |
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Depreciation and amortization |
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10,616 |
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4,305 |
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17,177 |
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8,260 |
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Other segment items: |
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(Gain) loss on change in fair value of warrant liabilities |
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39,577 |
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(6,639 |
) |
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1,083 |
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(15,266 |
) |
Interest income, net |
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(7,138 |
) |
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(4,801 |
) |
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(12,032 |
) |
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(9,600 |
) |
Other (income) expense, net |
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(232 |
) |
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|
45 |
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(283 |
) |
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|
179 |
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Income tax (benefit) expense |
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(15,269 |
) |
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15 |
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(15,257 |
) |
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23 |
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Net loss |
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$ |
(177,530 |
) |
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$ |
(37,561 |
) |
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$ |
(209,782 |
) |
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$ |
(77,153 |
) |
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