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Segment Information | 6 Months Ended
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Jun. 28, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company develops, markets and sells an appliance-based broadband platform, cloud and managed services. There are no segment managers who are held accountable for operations, operating results and plans for levels or components below the Company unit level. Accordingly, the Company is a single reporting segment and operating unit structure. The Company’s chief operating decision maker (“CODM”) is the Company’s Chief Executive Officer, who reviews financial information presented on a Company-wide basis, for purposes of allocating resources and evaluating financial performance. The CODM assesses the performance of the single segment and allocates resources based on revenue and measures derived from gross margin and operating loss that is reported in the Condensed Consolidated Statements of Comprehensive Loss. In addition, the CODM uses a measure derived from operating expenses in the Condensed Consolidated Statements of Comprehensive Loss to monitor budget versus actual results to determine the Company’s and management’s performance. The Company does not have intra-entity sales or transfers. The measure of the single segment assets is the consolidated assets in the Condensed Consolidated Balance Sheet. The accounting policies of the single segment are the same as described in the significant accounting policies. Geographic Information: A summary of revenue disaggregated by geographic region based upon the location of the customers was as follows (in thousands):
|  | Three Months Ended |  | Six Months Ended
|  | June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
United States |  | $ | 219,039 |  |  | $ | 182,705 |  |  | $ | 430,218 |  |  | $ | 392,795 |
Europe |  | 15,565 |  |  | 6,712 |  |  | 18,094 |  |  | 13,572 |
Americas ex U.S. |  | 5,881 |  |  | 7,052 |  |  | 11,349 |  |  | 14,187 |
Rest of world |  | 1,397 |  |  | 1,670 |  |  | 2,463 |  |  | 3,895 |
|  | $ | 241,882 |  |  | $ | 198,139 |  |  | $ | 462,124 |  |  | $ | 424,449 |
The Company’s property and equipment, net of accumulated depreciation, were located in the following geographical areas (in thousands):
|  | June 28, 2025 |  | December 31, 2024
United States |  | $ | 28,965 |  |  | $ | 27,601 |
China |  | 2,724 |  |  | 2,818 |
India |  | 726 |  |  | 734 |
|  | $ | 32,415 |  |  | $ | 31,153 |
Selected Financial Information: The following table presents selected financial information with respect to the Company’s single operating segment (in thousands):
| Three Months Ended |  | Six Months Ended
| June 28, 2025 |  | June 29, 2024 |  | June 28, 2025 |  | June 29, 2024
Revenue | $ | 241,882 |  |  | $ | 198,139 |  |  | $ | 462,124 |  |  | $ | 424,449 |
Adjusted cost of revenue (1) | (104,595) |  |  | (88,873) |  |  | (201,051) |  |  | (191,014) |
Adjusted sales and marketing operating expenses (2) | (52,606) |  |  | (48,047) |  |  | (104,196) |  |  | (97,094) |
Adjusted research and development operating expenses (3) | (39,897) |  |  | (39,725) |  |  | (78,796) |  |  | (79,632) |
Adjusted general and administrative operating expenses (4) | (18,552) |  |  | (16,436) |  |  | (37,888) |  |  | (35,870) |
Other segment items (5) | (25,841) |  |  | (16,414) |  |  | (45,883) |  |  | (34,227) |
Interest income and other expenses, net | 3,036 |  |  | 2,674 |  |  | 6,127 |  |  | 5,174 |
Income taxes | (3,626) |  |  | 724 |  |  | (5,423) |  |  | 359 |
Net income (loss) | $ | (199) |  |  | $ | (7,958) |  |  | $ | (4,986) |  |  | $ | (7,855) |
(1) GAAP cost of revenue adjusted for stock-based compensation and intangible asset amortization. (2) GAAP sales and marketing operating expenses adjusted for stock-based compensation. (3) GAAP research and development operating expenses adjusted for stock-based compensation. (4) GAAP general and administrative operating expenses adjusted for stock-based compensation. (5) Other segment items consisted of stock-based compensation expense and intangible asset amortization.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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