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Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information

22. SEGMENT INFORMATION

The Company operates as one operating segment as its chief executive officer, who is the chief operating decision maker, reviews financial information on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. Consolidated net loss as reported on the consolidated statements of operations is used to evaluate performance and allocate resources. The chief operating decision maker evaluates actual results compared to forecasted results for consolidated net loss, including significant expenses, when making decisions about allocating resources.

The following table presents revenue, significant expenses, and segment profit and loss (in thousands):

 

 

Year Ended
December 31,

 

 

2024

 

 

2023

 

 

2022

 

Revenue

 

$

43,073

 

 

$

22,042

 

 

$

11,131

 

Less:

 

 

 

 

 

 

 

 

 

Operating costs and expenses excluding stock-based compensation:

 

 

 

 

 

 

 

 

 

Cost of revenue (excluding depreciation and amortization)

 

 

15,857

 

 

 

5,289

 

 

 

2,042

 

Research and development

 

 

78,131

 

 

 

52,218

 

 

 

30,506

 

Sales and marketing

 

 

14,607

 

 

 

11,508

 

 

 

7,087

 

General and administrative

 

 

41,401

 

 

 

30,663

 

 

 

20,182

 

Stock-based compensation

 

 

106,878

 

 

 

69,743

 

 

 

31,456

 

Depreciation and amortization

 

 

18,654

 

 

 

10,375

 

 

 

5,604

 

Other segment items:

 

 

 

 

 

 

 

 

 

(Gain) loss on change in fair value of warrant liabilities

 

 

117,107

 

 

 

19,206

 

 

 

(30,136

)

Interest income, net

 

 

(18,249

)

 

 

(19,322

)

 

 

(7,093

)

Other (income) expense, net

 

 

275

 

 

 

85

 

 

 

(6

)

Income tax (benefit) expense

 

 

59

 

 

 

48

 

 

 

—

 

Net loss

 

$

(331,647

)

 

$

(157,771

)

 

$

(48,511

)