| Summary of Unaudited Consolidated Net Loss Including Significant Segment Expenses |
The table below presents the Company’s unaudited consolidated net loss including significant segment expenses (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
|
2025 |
|
|
2024 |
|
|
2025 |
|
2024 |
|
Revenue |
|
$ |
139,098 |
|
|
$ |
89,825 |
|
|
$ |
262,923 |
|
$ |
172,533 |
|
Less (add): |
|
|
|
|
|
|
|
|
|
|
|
Excess and obsolete inventory charge (1) |
|
|
— |
|
|
|
1,309 |
|
|
|
— |
|
|
1,812 |
|
Restructuring, acquisition and other expenses (2) |
|
|
— |
|
|
|
1,718 |
|
|
|
— |
|
|
2,185 |
|
Stock-based compensation expense (3) |
|
|
590,983 |
|
|
|
306 |
|
|
|
590,990 |
|
|
610 |
|
Other segment expenses (4) |
|
|
10,767 |
|
|
|
(4,803 |
) |
|
|
8,578 |
|
|
(9,063 |
) |
Cost of revenue (excluding 1,2,3, 4) |
|
|
23,777 |
|
|
|
21,056 |
|
|
|
47,188 |
|
|
45,191 |
|
Research and development (excluding 2,3,4) |
|
|
22,774 |
|
|
|
24,263 |
|
|
|
44,816 |
|
|
52,980 |
|
Sales and marketing (excluding 2,3,4) |
|
|
49,549 |
|
|
|
42,801 |
|
|
|
96,264 |
|
|
84,803 |
|
General and administrative (excluding 2,3,4) |
|
|
16,899 |
|
|
|
16,101 |
|
|
|
33,599 |
|
|
33,405 |
|
Net loss |
|
$ |
(575,651 |
) |
|
$ |
(12,926 |
) |
|
$ |
(558,512 |
) |
$ |
(39,390 |
) |
(4) Other segment expenses include other income, net, employer taxes related to stock-based compensation expense, amortization of intangible assets and provision for (benefit from) income taxes.
|
| Summary of Long-lived Assets by Geographical Location |
Long-lived assets are composed of intangible assets, property, equipment and software, net and right-of-use assets. Long-lived assets by geographical location are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
United States |
|
$ |
18,168 |
|
|
$ |
18,128 |
|
Outside the United States |
|
|
1,122 |
|
|
|
666 |
|
Total |
|
$ |
19,290 |
|
|
$ |
18,794 |
|
|