v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

Note 15. Segment Information

The Company’s CODM is its Chief Executive Officer. The Company has determined that it operates in one operating segment and one reportable segment as the CODM reviews financial information presented on an entity-wide basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The CODM uses revenue and net income (loss) to assess segment performance and allocate resources by comparing actual results to budget. The measure of segment assets is reported on the balance sheet as total assets. As of June 30, 2026 and December 31, 2025, 99% of long-lived assets were in the United States. Revenue is attributed to a geographic region based on the location of the customer, refer to Note 3, Revenue from Contracts with Customers.

A reconciliation of significant segment expenses to net income (loss) is below:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

16,495

 

 

$

13,935

 

 

$

29,923

 

 

$

28,094

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Personnel expense

 

 

6,537

 

 

 

6,851

 

 

 

13,665

 

 

 

13,786

 

Acquisition-related costs

 

 

—

 

 

 

4,174

 

 

 

(4,373

)

 

 

8,399

 

Other cost of revenue1

 

 

3,326

 

 

 

3,562

 

 

 

6,785

 

 

 

7,331

 

Other research and development expense1

 

 

278

 

 

 

392

 

 

 

587

 

 

 

803

 

Other sales and marketing expense1

 

 

856

 

 

 

1,681

 

 

 

1,765

 

 

 

2,874

 

Other general and administrative expense1

 

 

1,911

 

 

 

1,712

 

 

 

3,845

 

 

 

3,399

 

Stock-based compensation expense

 

 

347

 

 

 

757

 

 

 

1,037

 

 

 

1,410

 

Change in fair value of warrant liabilities

 

 

(1,230

)

 

 

(4,332

)

 

 

(25,178

)

 

 

17,382

 

Depreciation expense

 

 

878

 

 

 

865

 

 

 

1,782

 

 

 

1,709

 

Amortization expense

 

 

228

 

 

 

230

 

 

 

457

 

 

 

462

 

Acquisition-related income

 

 

-

 

 

 

—

 

 

 

(10,000

)

 

 

—

 

Other income, net

 

 

(171

)

 

 

(193

)

 

 

(316

)

 

 

(352

)

Net income (loss)

 

$

3,535

 

 

$

(1,764

)

 

$

39,867

 

 

$

(29,109

)

 

1 The Company deducts personnel expense, stock-based compensation expense, depreciation expense, and amortization expense from GAAP expenses to arrive at other costs and expenses.