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Revenues
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Total Revenue
The following table presents the Company’s total revenue disaggregated by product (in thousands):

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
B2 Cloud Storage
$26,578 $19,841 $49,006 $37,889 
Computer Backup
16,135 16,457 32,373 33,022 
Total revenue
$42,713 $36,298 $81,379 $70,911 
The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Consumption-based arrangements
$25,929 $19,151 $47,668 $36,564 
Subscription-based arrangements
16,701 17,038 33,502 34,146 
Point in time arrangements
83 109 209 201 
Total revenue
$42,713 $36,298 $81,379 $70,911 
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
United States$30,888 $25,761 $58,901 $51,142 
United Kingdom 2,205 1,937 4,164 3,689 
Canada 1,893 1,617 3,516 3,271 
Other7,727 6,983 14,798 12,809 
Total revenue$42,713 $36,298 $81,379 $70,911 
Earned, Unbilled Revenue
As of June 30, 2026 and December 31, 2025, the Company had $4.9 million and $3.7 million, respectively, of unbilled accounts receivable included within other current assets in the condensed consolidated balance sheets.
Deferred Revenue
The following table presents information regarding the Company’s total deferred revenue (in thousands):

June 30,
2026		December 31,
2025
Deferred revenue$35,358 $35,897 

Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period
$12,346 $12,497 $21,126 $21,035 
Deferred revenue represents the invoiced portion of the Company’s contract liabilities for which the related performance obligations are still outstanding. The Company’s remaining performance obligations (“RPOs”) include deferred revenue as well as future committed revenue under existing customer contracts.
The following table presents the Company’s RPOs (in millions):
Within 1 YearOver 1 YearTotal
As of June 30, 2026(1)
$70.4 $325.6 $396.0 
As of December 31, 2025(2)
$39.5 $30.7 $70.2 
_______________
(1) The increase in RPOs as of June 30, 2026 was primarily attributable to the CoreWeave Agreement entered into on June 16, 2026, with an aggregate contract value of approximately $335.1 million, less approximately $21.7 million attributable to the fair value of warrants issued to the customer. See footnote 12 for further information.
(2) Effective January 1, 2026, the Company has included contracts with an original duration of one year or less in the above RPOs disclosure. To conform to current period disclosure, the Company has similarly included short-term contracts in the comparative disclosure as of December 31, 2025 resulting in an increase of $4.0 million from amounts previously disclosed.
Deferred Contract Costs
The following tables present the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
June 30,
2026		December 31,
2025
Deferred contract costs for marketing affiliates$205 $335 
Deferred contract costs for sales commission
$6,886 $2,639 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amortization of deferred contract costs related to marketing affiliates$83 $129 $210 $424 
Amortization of deferred contract costs related to sales commission
$271 $111 $453 $209