| Schedule of Revenue, Significant Expenses, and Segment Profit and Loss |
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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