v3.26.3
Segment Reporting
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company manages its operations through an evaluation of a consolidated business segment that solves semiconductor design challenges by offering artificial intelligence (“AI”) driven manufacturing solutions, including TCAD and multi-physics software and our Fab Technology Co-Optimization (FTCO™) solution, and AI-driven design solutions, including EDA software and semiconductor design IP, to support engineers and researchers across the globe. The chief operating decision maker (“CODM”), who is the Company’s CEO, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. As such, the Company’s operations constitute a single operating segment and one reportable segment.
The CODM considers its payroll expenses when making decisions about how to allocate operating and capital resources, as well as the Company’s overall performance against its budget. The following table presents a summary of revenue, payroll expenses, and total other expenses as a reconciliation to condensed consolidated net loss for the three and nine months ended September 30, 2026, and 2025.
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
(in thousands)(in thousands)
Total revenue$16,294 $18,672 $51,855 $44,812 
Expenses
Payroll expenses14,056 18,656 45,494 48,129 
All other expenses, net6,824 5,315 20,484 30,664 
Total expenses20,880 23,971 65,978 78,793 
Net loss$(4,586)$(5,299)$(14,123)$(33,981)