v3.26.3
Revenues (Tables)
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table presents the Company’s total revenue disaggregated by product (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
B2 Cloud Storage
$30,478 $20,699 $79,484 $58,588 
Computer Backup
16,176 16,463 48,549 49,485 
Total revenue
$46,654 $37,162 $128,033 $108,073 
The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Consumption-based arrangements
$29,886 $19,988 $77,554 $56,552 
Subscription-based arrangements
16,661 17,060 50,163 51,206 
Point in time arrangements
107 114 316 315 
Total revenue
$46,654 $37,162 $128,033 $108,073 
Schedule of Revenue by Geographic Area
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
United States$33,861 $26,349 $92,762 $77,491 
United Kingdom 2,295 1,956 6,459 5,645 
Canada 2,136 1,665 5,652 4,936 
Other8,362 7,192 23,160 20,001 
Total revenue$46,654 $37,162 $128,033 $108,073 
Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table presents information regarding the Company’s total deferred revenue (in thousands):

September 30,
2026		December 31,
2025
Deferred revenue$34,279 $35,897 

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Revenue recognized from deferred balances at the beginning of each respective period$12,221 $12,532 $27,169 $27,262 
Schedule of Revenue, Remaining Performance Obligation
The following table presents the Company’s RPOs (in millions):
Within 1 YearOver 1 YearTotal
As of September 30, 2026(1)
$89.6 $310.4 $400.0 
As of December 31, 2025(2)
$39.5 $30.7 $70.2 
_______________
(1) The increase in RPOs as of September 30, 2026 was primarily attributable to the CoreWeave Agreement entered into on June 16, 2026, with an aggregate contract value of approximately $335.1 million, less approximately $21.7 million attributable to the fair value of warrants issued to the customer. See Note 12 for further information.
(2) Effective January 1, 2026, the Company has included contracts with an original duration of one year or less in the above RPOs disclosure. To conform to current period disclosure, the Company has similarly included short-term contracts in the comparative disclosure as of December 31, 2025 resulting in an increase of $4.0 million from amounts previously disclosed.
Schedule of Deferred Contract Costs
The following tables present the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
September 30,
2026		December 31,
2025
Deferred contract costs for marketing affiliates$188 $335 
Deferred contract costs for sales commission
$10,095 $2,639 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Amortization of deferred contract costs related to marketing affiliates$48 $255 $258 $679 
Amortization of deferred contract costs related to sales commission
$465 $127 $918 $336 
The following table presents the Company's capitalized consideration payable to customers (in thousands):
September 30,
2026		December 31,
2025
Capitalized warrant cost$3,062 $—