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Revenues
 9 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Total 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 
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 
Earned, Unbilled Revenue
As of September 30, 2026 and December 31, 2025, the Company had $5.2 million and $3.7 million, respectively, of unbilled accounts receivable included within other current assets in the condensed consolidated balance sheets.
Deferred Revenue
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 
Deferred revenue represents the invoiced portion of the Company’s contract liabilities for which the related performance obligations are still outstanding. The Company’s remaining performance obligations (“RPOs”) include deferred revenue as well as future committed revenue under existing customer contracts.
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.
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 
Consideration Payable to Customers
The grant-date fair value of the warrants issued to a customer is recognized in additional paid-in capital over the vesting periods using the accelerated attribution method and is recognized as a reduction of revenue based on the expected pattern of revenue recognition from the customer. The difference between these cumulative amounts is recorded as an asset or liability, as applicable. See Note 12 for additional information regarding the warrants. The deferred warrant cost is capitalized and recorded in other assets on the condensed consolidated balance sheets.
During the three and nine months ended September 30, 2026, the Company recognized a reduction to revenue related to the warrants of $0.1 million.

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 $—