v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 432,710 $ 159,238
Accounts receivable, net [1] 58,854 57,997
Inventory 9,673 8,057
Costs capitalized to obtain contracts, net 1,231 1,098
Prepaid expenses and other current assets 18,741 14,599
Total current assets 521,209 240,989
Restricted cash, noncurrent 1,518 1,221
Property and equipment, net 3,042 1,779
Costs capitalized to obtain contracts, noncurrent 965 1,049
Prepaid expenses and other assets, noncurrent [2],[3] 49,194 21,611
Operating lease right-of-use asset 512 683
Intangible assets, net 42,520 40,574
Goodwill 134,619 133,674
Total Assets 753,579 441,580
Current Liabilities:    
Accounts payable 2,966 5,463
Accrued expenses and other current liabilities 27,152 32,015
Deferred revenue, current 42,833 39,860
Total current liabilities 72,951 77,338
Convertible notes, net, noncurrent 309,298 0
Deferred revenue, noncurrent 4,507 5,338
Other liabilities, noncurrent 165 359
Total Liabilities 386,921 83,035
Commitments and Contingencies (Note 9)
Stockholders’ Equity    
Common Stock, $0.001 par value; 500,000,000 authorized as of June 30, 2025 and December 31, 2024, respectively; 77,516,232 and 75,404,996 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 78 75
Additional paid-in capital 644,950 648,124
Accumulated deficit (278,314) (289,698)
Accumulated other comprehensive (loss) income (56) 44
Total stockholders’ equity 366,658 358,545
Total Liabilities and Stockholders’ Equity $ 753,579 $ 441,580
[1] Includes related party receivables of $15 and $55 as of June 30, 2025 and December 31, 2024, respectively.
[2] Includes $25,387 and zero measured using the fair value option as of June 30, 2025 and December 31, 2024, respectively related to the Convertible Note Investment. Refer to Note 5, "Fair Value Measurements" for additional information.
[3] The balance as of June 30, 2025 includes the $5,882 Related Party Investment and the $3,898 Related Party Warrant. The balance as of December 31, 2024 includes the $5,000 Related Party SAFE and the $3,898 Related Party Warrant. Refer to Note 5, "Fair Value Measurements" and Note 14, "Related-Party Transactions" for additional information.