v3.25.2
Balance Sheet Components (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable, Net
Accounts receivable, net consists of the following (in thousands):
As of June 30,As of December 31,
20252024
Accounts receivable$58,948 $58,391 
Allowance for credit losses(94)(394)
Total accounts receivable, net$58,854 $57,997 
Schedule of Inventory
Inventory consists of the following (in thousands):
As of June 30,As of December 31,
20252024
Raw materials$50 $24 
Finished goods9,623 8,033 
Total inventory$9,673 $8,057 
Schedule of Prepaid Expenses and Other Assets, Current and Non Current
Prepaid expenses and other current assets consist of the following (in thousands):
As of June 30,As of December 31,
20252024
Prepaid expenses$14,932 $11,074 
Other receivables3,809 3,525 
Total prepaid expenses and other current assets$18,741 $14,599 
Prepaid expenses and other assets, noncurrent consist of the following (in thousands):
As of June 30,As of December 31,
20252024
Prepaid expenses, noncurrent$3,163 $1,849 
Convertible Note Investment25,387 — 
Data Revenue Partner Warrant
10,863 10,863 
Related Party Investment5,882 — 
Related Party Warrant3,899 3,899 
Related Party SAFE— 5,000 
Total prepaid expenses and other assets, noncurrent$49,194 $21,611 
Schedule of Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
As of June 30,As of December 31,
20252024
Computer equipment$297 $297 
Leasehold improvements86 101 
Production manufacturing equipment2,038 2,026 
Construction in progress1,802 362 
Furniture and fixtures29 29 
Total property and equipment, gross4,252 2,815 
Less: accumulated depreciation(1,210)(1,036)
Total property and equipment, net$3,042 $1,779 
Schedule of Operating Lease Costs
The components of lease expense are as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Operating lease cost (1)
$131 $114 $249 $224 
(1) Amounts include short-term leases, which are immaterial.
Schedule of Supplemental Balance Sheet Information Related to Leases
Supplemental balance sheet information related to leases is as follows (in thousands, except lease term):
As of June 30,As of December 31,
20252024
Operating lease right-of-use asset$512 $683 
Operating lease liability, current (included in accrued expenses and other current liabilities)379 364 
Operating lease liability, noncurrent (included in other liabilities, noncurrent)165 359 
Weighted-average remaining term for operating lease (in years)1.41.9
Schedule of Maturities of Operating Lease Liabilities
Maturities of the Company’s operating lease liability, which does not include short-term leases, as of June 30, 2025 were as follows (in thousands):
Operating leases
Remainder of 2025$195 
2026367 
Total future minimum lease payments562 
Less imputed interest(18)
Total operating lease liability$544 
Schedule of Goodwill and Intangible Assets, Net
Intangible assets, net consists of the following (in thousands):
As of June 30, 2025
GrossAccumulated AmortizationNet
Trade name$23,380 $(8,269)$15,111 
Technology25,985 (16,157)9,828 
Customer relationships15,290 (6,612)8,678 
Internally developed software
11,208 (2,305)8,903 
Total$75,863 $(33,343)$42,520 
As of December 31, 2024
GrossAccumulated AmortizationNet
Trade name$23,380 $(7,100)$16,280 
Technology22,430 (13,677)8,753 
Customer relationships15,290 (5,668)9,622 
Internally developed software
7,076 (1,157)5,919 
Total$68,176 $(27,602)$40,574 
The weighted-average remaining useful lives of the Company’s acquired intangible assets, excluding internally developed software projects that were not yet in service, are as follows:
Weighted-Average Remaining Useful Life
As of June 30,As of December 31,
20252024
Trade name6.5 years7.0 years
Technology2.5 years1.9 years
Customer relationships4.6 years5.1 years
Internally developed software2.5 years2.6 years
Schedule of Estimated Remaining Amortization Expense for Intangible Assets
As of June 30, 2025, the estimated remaining amortization expense for intangible assets by fiscal year is as follows (in thousands):
Amount
Remainder of 2025$6,165 
202611,965 
20277,250 
20285,319 
20294,935 
Thereafter4,898 
Total future amortization expense40,532 
Internally developed software not yet in service1,988 
Total$42,520 
Schedule of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following (in thousands):
As of June 30,As of December 31,
20252024
Accrued vendor expenses$15,524 $13,856 
Accrued compensation3,652 3,834 
Customer related promotions and discounts4,008 9,761 
Sales return reserves1,709 2,817 
Other current liabilities2,259 1,747 
Total accrued expenses and other current liabilities$27,152 $32,015