v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in one business segment. Our chief decision-maker, the President and Chief Executive Officer, evaluates our performance based on company-wide condensed consolidated results.
Operating segments have been identified based on the financial information utilized by the Company’s Chief Executive Officer, the chief operating decision maker (“CODM”). The CODM uses net income as a measure of profitability to assess segment performance and deciding on how to allocate resources such as capital investments, share repurchases, and acquisitions. The CODM does not use or receive total assets by segment to make decisions regarding resources; therefore, the total asset disclosure by segment has not been included.
The following table reflects results of operations of the Company’s reportable segment (in thousands):
For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
Net revenue$6,717 $1,735 $10,133 $2,364 
Cost of net revenue3,839 1,700 7,144 2,260 
Salaries, benefits, and stock based compensation expense11,208 4,664 20,676 8,223 
Depreciation and amortization expense3,287 2,500 6,449 4,825 
Other segment expenses14,839 5,335 33,270 8,951 
Interest (expense), net(1,000)(24,646)(2,121)(24,766)
Other (expense), net(60,569)(1)(81,629)(13)
Income tax expense— 5 — 5 
Net loss$(88,025)$(37,116)$(141,156)$(46,679)
Net revenue from customers is designated based on the geographic region to which the product is delivered. Net revenue by geographic region for the three and six months ended June 30, 2026 and 2025 was as follows:
For the Three Months Ended June 30,For the Six Months Ended June 30,
(in thousands)2026202520262025
North America$5,357 $1,477 $7,871 $1,615 
Asia Pacific731 199 1,155 565 
Europe629 59 1,107 184 
Total$6,717 $1,735 $10,133 $2,364 
Substantially all of our long-lived assets are located in the United States.