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Segment and Geographic Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company operates as one operating segment, and the Company's chief operating decision makers, or the CODMs, are its Co-Chief Executive Officers. The CODMs review segment financial information presented on a consolidated basis, including revenue, gross profit, operating expenses, net loss and adjusted EBITDA, and considers budget-to-actual variances for the purposes of making operating decisions, assessing financial performance and allocating resources. The CODMs do not evaluate operating segment performance using asset information.
The following table presents a summary of the Company's segment information:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
(unaudited)
(in thousands)
Revenue
$265,196 $191,476 $700,755 $537,202 
Less:
Cost of revenue (1)
90,872 70,421 241,353 203,988 
Research and development expense (1)
75,790 68,366 223,234 214,720 
Sales and marketing expense (1)
115,924 84,593 317,883 232,298 
General and administrative expense (1)
37,136 34,381 102,626 95,581 
Other segment items (2)
38,199 41,469 103,442 115,982 
Net loss
$(92,725)$(107,754)$(287,783)$(325,367)
(1)Excludes stock-based compensation and related employer payroll tax payments, contingent consideration, amortization of intangible assets, and non-recurring other operating expense.
(2)Includes stock-based compensation and related employer payroll tax payments, contingent consideration, amortization of intangible assets, non-recurring other operating expense, interest income and expense, provision for income taxes, and other income and expense.
The following table sets forth the Company’s revenue by geographic areas based on the customers’ locations:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
(unaudited)
(in thousands)
United States$249,440 $180,105 $659,733 $505,568 
International15,756 11,371 41,022 31,634 
Total revenue
$265,196 $191,476 $700,755 $537,202 
As of September 30, 2025, and December 31, 2024, 100% and 99%, respectively, of the Company’s long-lived assets and right-of-use assets are located in the United States.