v3.26.1
Revision of Previously Issued Financial Statements and Financial Information
 6 Months Ended
Jun. 30, 2026
Accounting Changes and Error Corrections [Abstract]  
Revision of Previously Issued Financial Statements and Financial Information Revision of Previously Issued Financial Statements and Financial Information
The consolidated financial statements for the years ended December 31, 2024 and December 31, 2025 as well as the unaudited condensed consolidated financial statements for the interim periods ended March 31, 2025, June 30, 2025, September 30, 2025, and March 31, 2026 have been revised to correct for prior period errors as discussed in Note 1. Basis of Presentation. The following tables reflect the impact of the revision to the specific line items presented in our previously reported financial information for the periods impacted by the revision. The Company intends to reflect the revisions to the interim and annual periods in its 2026 quarterly reports to be filed on Form 10-Q and annual report to be filed on Form 10-K, as applicable. There is no impact to net cash provided by/used in operating activities, investing activities, or financing activities in the consolidated statements of cash flows for the applicable periods.

Impacts to Consolidated Statements of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2025
As ReportedAdjustmentsAs Revised
Revenue - hardware$100,838 $451 $101,289 
Total revenue105,708 451 106,159 
Gross profit53,533 451 53,984 
General and administrative29,245 (300)28,945 
Sales and marketing18,473 (9)18,464 
Research and development14,076 (85)13,991 
Total operating expenses61,794 (394)61,400 
Operating loss(8,261)845 (7,416)
Loss before income tax provision(39,650)845 (38,805)
Net loss and comprehensive loss(39,678)845 (38,833)
Net (loss) per share attributable to redeemable common stockholders - basic and diluted$(2.16)$0.04 $(2.12)
Net (loss) per share attributable to common stockholders - basic and diluted$(2.31)$0.04 $(2.27)

Year Ended December 31, 2024
As ReportedAdjustmentsAs Revised
Revenue - hardware$78,056 $(648)$77,408 
Total revenue78,056 (648)77,408 
Gross profit39,308 (648)38,660 
General and administrative33,967 (25)33,942 
Sales and marketing15,760 (14)15,746 
Research and development9,801 (116)9,685 
Total operating expenses59,528 (155)59,373 
Operating loss(20,220)(493)(20,713)
Interest expense, net(1,630)325 (1,305)
Total other income (expense), net7,738 325 8,063 
Loss before income tax provision(12,482)(168)(12,650)
Net loss and comprehensive loss(12,536)(168)(12,704)
Net (loss) per share attributable to redeemable common stockholders - basic and diluted$(1.42)$(0.02)$(1.44)
Net (loss) per share attributable to common stockholders - basic and diluted$(1.57)$(0.02)$(1.59)
Three Months Ended March 31, 2026
As ReportedAdjustmentsAs Revised
General and administrative$9,302 $(54)$9,248 
Sales and marketing4,473 (1)4,472 
Research and development3,956 (35)3,921 
Total operating expenses17,731 (90)17,641 
Operating loss(5,492)90 (5,402)
Loss before income tax provision(3,329)90 (3,239)
Net loss and comprehensive loss(3,336)90 (3,246)
Net income (loss) per share attributable to redeemable common stockholders - basic$(0.12)$0.01 $(0.11)
Net income (loss) per share attributable to redeemable common stockholders - diluted$(0.12)$0.01 $(0.11)
Net income (loss) per share attributable to common stockholders - diluted$(0.25)$0.01 $(0.24)

Three Months Ended March 31, 2025
As ReportedAdjustmentsAs Revised
Revenue - hardware$20,704 $451 $21,155 
Total revenue21,104 451 21,555 
Gross profit11,326 451 11,777 
General and administrative7,092 (25)7,067 
Sales and marketing4,002 (2)4,000 
Research and development2,903 (24)2,879 
Total operating expenses13,997 (51)13,946 
Operating loss(2,671)502 (2,169)
Income before income tax provision3,037 502 3,539 
Net income and comprehensive income3,025 502 3,527 
Net income (loss) per share attributable to redeemable common stockholders - basic$0.15 $0.02 $0.17 
Net income (loss) per share attributable to redeemable common stockholders - diluted$0.15 $0.02 $0.17 
Net income (loss) per share attributable to common stockholders - basic$0.11 $0.03 $0.14 
Net income (loss) per share attributable to common stockholders - diluted$0.11 $0.03 $0.14 
Three Months Ended June 30, 2025
As ReportedAdjustmentsAs Revised
General and administrative$7,228 $(209)$7,019 
Sales and marketing4,318 (3)4,315 
Research and development3,753 (24)3,729 
Total operating expenses15,299 (236)15,063 
Operating loss(1,919)236 (1,683)
Loss before income tax provision(37,614)236 (37,378)
Net loss and comprehensive loss(37,647)236 (37,411)
Net (loss) per share attributable to redeemable common stockholders - basic and diluted$(2.33)$0.02 $(2.31)
Net (loss) per share attributable to common stockholders - basic and diluted$(2.37)$0.02 $(2.35)



Six Months Ended June 30, 2025
As ReportedAdjustmentsAs Revised
Revenue - hardware$45,904 $451 $46,355 
Total revenue47,167 451 47,618 
Gross profit24,706 451 25,157 
General and administrative14,320 (234)14,086 
Sales and marketing8,320 (5)8,315 
Research and development6,656 (48)6,608 
Total operating expenses29,296 (287)29,009 
Operating loss(4,590)738 (3,852)
Loss before income tax provision(34,577)738 (33,839)
Net loss and comprehensive loss(34,622)738 (33,884)
Net (loss) per share attributable to redeemable common stockholders - basic and diluted$(2.18)$0.05 $(2.13)
Net (loss) per share attributable to common stockholders - basic and diluted$(2.26)$0.05 $(2.21)

Three Months Ended September 30, 2025
As ReportedAdjustmentsAs Revised
General and administrative$6,273 $(33)$6,240 
Sales and marketing4,926 (2)4,924 
Research and development3,785 (18)3,767 
Total operating expenses14,984 (53)14,931 
Operating income1,216 53 1,269 
Income before income tax provision4,143 53 4,196 
Net income and comprehensive income4,134 53 4,187 
Net (loss) per share attributable to common stockholders - diluted$(0.06)$0.01 $(0.05)
Nine Months Ended September 30, 2025
As ReportedAdjustmentsAs Revised
Revenue - hardware$76,379 $451 $76,830 
Total revenue79,155 451 79,606 
Gross profit40,906 451 41,357 
General and administrative20,593 (268)20,325 
Sales and marketing13,246 (7)13,239 
Research and development10,441 (65)10,376 
Total operating expenses44,280 (340)43,940 
Operating loss(3,374)791 (2,583)
Loss before income tax provision(30,434)791 (29,643)
Net loss and comprehensive loss(30,488)791 (29,697)
Net income (loss) per share attributable to redeemable common stockholders - basic$(1.91)$0.05 $(1.86)
Net income (loss) per share attributable to redeemable common stockholders - diluted$(1.91)$0.05 $(1.86)
Net income (loss) per share attributable to common stockholders - basic$(2.03)$0.05 $(1.98)
Net (loss) per share attributable to common stockholders - diluted$(2.03)$0.05 $(1.98)

Impacts to Consolidated Balance Sheets
December 31, 2024
As ReportedAdjustmentsAs Revised
Accounts receivable$12,136 $(34)$12,102 
Total current assets46,113 (34)46,079 
Total assets49,515 (34)49,481 
Accrued and other expenses16,378 593 16,971 
Total current liabilities36,429 593 37,022 
Total liabilities66,329 593 66,922 
Additional paid-in capital238,442 (450)237,992 
Accumulated deficit(268,195)(177)(268,372)
Total stockholders' equity (deficit)(29,751)(627)(30,378)
Total liabilities, mezzanine equity, and stockholders' equity (deficit)49,515 (34)49,481 

March 31, 2025
As ReportedAdjustmentsAs Revised
Accrued and other expenses$16,478 $188 $16,666 
Total current liabilities40,695 188 40,883 
Total liabilities63,397 188 63,585 
Additional paid-in capital239,362 (513)238,849 
Accumulated deficit(265,170)325 (264,845)
Total stockholders' equity (deficit)(25,806)(188)(25,994)
June 30, 2025
As ReportedAdjustmentsAs Revised
Additional paid-in capital$243,659 $(561)$243,098 
Accumulated deficit(302,817)561 (302,256)

September 30, 2025
As ReportedAdjustmentsAs Revised
Additional paid-in capital$244,538 $(614)$243,924 
Accumulated deficit(298,683)614 (298,069)

December 31, 2025
As ReportedAdjustmentsAs Revised
Additional paid-in capital$326,912 $(668)$326,244 
Accumulated deficit(307,873)668 (307,205)

March 31, 2026
As ReportedAdjustmentsAs Revised
Additional paid-in capital$332,217 $(758)$331,459 
Accumulated deficit(311,209)758 (310,451)
Impacts to Consolidated Statements of Changes in Mezzanine Equity and Stockholders’ Equity (Deficit)

As reportedAdjustmentsAs Revised
Additional Paid-in
Capital		Accumulated
Deficit		Total Stockholders' Equity (Deficit)Additional Paid-in
Capital		Accumulated
Deficit		Total Stockholders' Equity (Deficit)Additional Paid-in
Capital		Accumulated
Deficit		Total Stockholders' Equity (Deficit)
Balance as of December 31, 2023$218,127 $(255,659)$(37,531)$(219)$(9)$(227)$217,908 $(255,668)$(37,758)
Stock-based compensation8,717 — 8,717 (232)— (232)8,485 — 8,485 
Net income (loss)— (12,536)(12,536)— (168)(168)— (12,704)(12,704)
Balance as of December 31, 2024238,442 (268,195)(29,751)(450)(177)(627)237,992 (268,372)(30,378)
Stock-based compensation1,684 — 1,684 (63)— (63)1,621 — 1,621 
Net income (loss)— 3,025 3,025 — 502 502 — 3,527 3,527 
Balance as of March 31, 2025239,362 (265,170)(25,806)(513)325 (188)238,849 (264,845)(25,994)
Stock-based compensation1,588 — 1,588 (49)— (49)1,539 — 1,539 
Net income (loss)— (37,647)(37,647)— 236 236 — (37,411)(37,411)
Balance as of June 30, 2025243,659 (302,817)(59,156)(561)561 — 243,098 (302,256)(59,156)
Stock-based compensation1,306 — 1,306 (53)— (53)1,253 — 1,253 
Net income (loss)— 4,134 4,134 — 53 53 — 4,187 4,187 
Balance as of September 30, 2025244,538 (298,683)(54,143)(614)614 — 243,924 (298,069)(54,143)
Stock-based compensation4,867 — 4,867 (55)— (55)4,812 — 4,812 
Net income (loss)— (9,190)(9,190)— 54 54 — (9,136)(9,136)
Balance as of December 31, 2025326,912 (307,873)19,042 (668)668 — 326,244 (307,205)19,042 
Stock-based compensation3,542 — 3,542 (90)— (90)3,452 — 3,452 
Net income (loss)— (3,336)(3,336)— 90 90 — (3,246)(3,246)
Balance as of March 31, 2026$332,217 $(311,209)$21,011 $(758)$758 $— $331,459 $(310,451)$21,011