v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are defined as components of an enterprise where separate financial information is evaluated regularly by the chief operating decision maker (“CODM”), which the Company has identified as being the Chief Executive Officer ("CEO"), in deciding how to allocate resources and assessing performance. The Company operates in one operating segment and one reportable segment. The Company’s CODM allocates resources and assesses performance at the consolidated level.
The CODM uses consolidated net income (loss) as the measure of profit or loss in order to identify underlying trends in the performance of the business and to allocate resources and assess performance. The Company’s objective in making resource allocation decisions is to optimize the consolidated financial results. Consolidated financial forecasts and budget to actual results are also used by the CODM to assess performance and allocate resources, make strategic decisions related to headcount and incur capital expenditures.
The CODM reviews total assets as reported on the unaudited condensed consolidated balance sheets. The CODM does not review segment assets at a level other than that presented in the Company’s unaudited condensed consolidated balance sheets.
The table below presents the Company’s unaudited condensed consolidated net income (loss) including significant segment expenses (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$212,817 $139,098 $395,124 $262,923 
Less (add):
  Acquisition and other expenses (1)
440 1,337 1,134 2,968 
  Stock-based compensation expense (2)
19,092 590,983 30,784 590,990 
  Other segment income (loss) (3)
(1,710)9,430 (3,060)5,610 
  Cost of revenue (excluding 1,2,3)
27,471 23,777 54,378 47,188 
  Research and development (excluding 1,2,3)
25,908 22,774 51,447 44,816 
  Sales and marketing (excluding 1,2,3)
75,071 49,549 139,460 96,264 
  General and administrative (excluding 1,2,3)
22,855 16,899 42,163 33,599 
Net income (loss)$43,690 $(575,651)$78,818 $(558,512)
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(3)Other segment income (loss) includes other income, net, employer taxes related to stock-based compensation expense, amortization of intangible assets and provision for income taxes.
The Company currently sells its subscriptions to its customers and generates substantially all of its revenue in the United States.
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, 2026December 31, 2025
United States$19,162 $18,679 
Outside the United States673 1,184 
Total long-lived assets$19,835 $19,863