v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS Unaudited - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 237,170 $ 300,785
Marketable securities 176,087 165,787
Accounts receivable, net of allowance for credit losses of $7,649 and $6,470 as of June 30, 2025 and December 31, 2024, respectively 99,299 42,495
Deferred commissions 24,354 18,615
Inventory 13,987 10,873
Prepaid expenses and other current assets 47,528 44,891
Total current assets 598,425 583,446
Goodwill 64,096 61,607
Intangible assets, net 2,961 1,807
Property, equipment and software, net 7,724 7,380
Operating lease right-of-use assets 8,605 9,607
Other assets 11,843 9,412
Total assets 693,654 673,259
Current liabilities:    
Accounts payable and accrued liabilities 34,898 27,853
Operating lease liabilities 4,047 3,814
Deferred revenue 275,138 217,632
Total current liabilities 314,083 249,299
Operating lease liabilities, noncurrent 5,919 7,258
Total liabilities 320,002 256,557
Commitments and Contingencies (Note 6)
Redeemable convertible preferred stock:    
Redeemable convertible preferred stock, $0.00001 par value; 4,330,341 shares of Series E authorized, 2,581,837 shares of Series E preferred stock issued and outstanding as of June 30, 2025, 48,190,771 shares authorized and 48,150,146 shares issued and outstanding as of December 31, 2024; aggregate liquidation preference of $200,000 and $845,478 as of June 30, 2025 and December 31, 2024, respectively 199,874 851,272
Stockholders' equity (deficit):    
Common stock, value 0 0
Additional paid-in capital 1,255,059 88,097
Accumulated other comprehensive gain (loss) (34) 68
Accumulated deficit (1,081,247) (522,735)
Total stockholders' equity (deficit) 173,778 (434,570)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit) 693,654 $ 673,259
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock, value 0  
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock, value $ 0