v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 189,018 $ 29,182
Marketable securities 41,223 22,199
Accounts receivable, net 6,678 3,482
Prepaid expenses 4,090 4,195
Other current assets 9,008 6,630
Total current assets 250,017 65,688
Property and equipment, net 79,453 57,310
Operating lease right-of-use assets, net 37,482 22,713
Capitalized internal-use software, net 43,026 40,825
Other assets 17,614 5,290
Total assets 427,592 191,826
Current liabilities:    
Accounts payable, accrued expenses and other current liabilities 24,000 10,994
Operating lease liabilities, current 7,549 5,253
Finance lease liabilities and lease financing obligations, current 17,651 14,873
Deferred revenue, current 29,755 30,498
Total current liabilities 78,955 61,618
Operating lease liabilities, non-current 33,089 20,166
Finance lease liabilities and lease financing obligations, non-current 34,504 21,292
Long-term debt, net 194,485 0
Deferred revenue and other liabilities, non-current 5,266 5,529
Total liabilities 346,299 108,605
Commitments and contingencies (Note 9)
Stockholders’ Equity    
Preferred Stock, $0.0001 par value; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; zero shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Treasury stock, at cost; 570,814 and 256,549 shares as of September 30, 2026 and December 31, 2025, respectively (3,358) (1,983)
Additional paid-in capital 319,842 306,795
Accumulated deficit (235,197) (221,597)
Total stockholders’ equity 81,293 83,221
Total liabilities and stockholders’ equity 427,592 191,826
Class A common stock    
Stockholders’ Equity    
Common stock, value, issued 6 6
Class B common stock    
Stockholders’ Equity    
Common stock, value, issued $ 0 $ 0