v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue      
Total revenue $ 260,210,000 $ 169,800,000 $ 122,784,000
Cost of revenue      
Total cost of revenue 89,271,000 66,923,000 52,813,000
Gross profit 170,939,000 102,877,000 69,971,000
Operating expenses      
Research and development [1] 40,683,000 35,923,000 33,738,000
Sales and marketing [2] 90,044,000 68,053,000 66,249,000
General and administrative [3] 52,184,000 42,555,000 35,981,000
Total operating expenses 182,911,000 146,531,000 135,968,000
Operating loss (11,972,000) (43,654,000) (65,997,000)
Other income (expense), net      
Interest expense (2,534,000) (4,506,000) (4,705,000)
Interest income 5,305,000 805,000 5,775,000
Loss on debt extinguishment (2,109,000) 0 (1,536,000)
Change in fair value of warrants (1,468,000) 218,000 (1,048,000)
Total other expense, net (806,000) (3,483,000) (1,514,000)
Loss before provision for income taxes (12,778,000) (47,137,000) (67,511,000)
Provision for income taxes 0 0 0
Net loss and comprehensive loss (12,778,000) (47,137,000) (67,511,000)
Net loss and comprehensive loss $ (12,778,000) $ (47,137,000) $ (67,511,000)
Net loss per share - basic and diluted      
Basic (in dollars per share) $ (0.35) $ (6.11) $ (9.52)
Diluted (in dollars per share) $ (0.35) $ (6.11) $ (9.52)
Weighted-average shares outstanding - basic and diluted      
Basic (in shares) 36,639 7,721 7,091
Diluted (in shares) 36,639 7,721 7,091
Services      
Revenue      
Total revenue [4] $ 241,043,000 $ 157,789,000 $ 114,531,000
Cost of revenue      
Total cost of revenue [5] 51,839,000 42,520,000 36,735,000
Hardware      
Revenue      
Total revenue [6] 19,167,000 12,011,000 8,253,000
Cost of revenue      
Total cost of revenue $ 37,432,000 $ 24,403,000 $ 16,078,000
[1] Includes amounts from a related party of $2.2 million, $1.7 million and $1.5 million for the years ended December 31, 2025, 2024, and 2023, respectively.
[2] Includes amounts from a related party of $26.1 million, $15.2 million and $10.8 million for the years ended December 31, 2025, 2024, and 2023, respectively.
[3] Includes amounts from a related party of $1.5 million, $1.1 million and $1.1 million for the years ended December 31, 2025, 2024, and 2023, respectively.
[4] Includes amounts from a related party of $157.7 million, $88.0 million and $62.9 million for the years ended December 31, 2025, 2024, and 2023, respectively.
[5] Includes amounts from a related party of $5.0 million, $3.4 million, and $2.8 million for the years ended December 31, 2025, 2024, and 2023, respectively.
[6] Includes amounts from a related party of $12.1 million, $6.5 million and $4.4 million for the years ended December 31, 2025, 2024, and 2023, respectively.