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Revenue | 6 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Revenue | Revenue Revenue Disaggregation Based on the information provided to and reviewed by the Company’s Chief Executive Officer (“CEO”), its chief operating decision maker, the Company believes that the nature, amount, timing and uncertainty of its revenue and cash flows and how they are affected by economic factors is most appropriately depicted based on the category of its customers. Customers are classified in categories based on the amount of their spend in a given month and individual customers may fall within different categories within a reporting period. The Company classifies its customers into the following annual run-rate revenue (“ARR”) categories (customer spend in a month in whole dollars): •Digital Native Enterprise (“DNE”) Customers: users that spend more than $500 in a month. DNE Customers include the following categories: ◦Above $6K and under $100K Customers: users that spend more than $500 and less than or equal to $8,333 in a month. ◦Above $100K and under $500K Customers: users that spend more than $8,333 and less than or equal to $41,667 in a month. ◦Above $500K and under $1M Customers: users that spend more than $41,667 and less than or equal to $83,333 in a month. ◦Above $1M Customers: users that spend more than $83,333 in a month. •Developers: users that spend less than or equal to $500 in a month, except users that spend less than or equal to $50 in a month and have been on the Company’s platform for three months or less. Revenue by customer ARR category, as determined based on the customers’ spend in a given month, was as follows:
| Three Months Ended June 30,
| 2026 |  | 2025 |  |
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue |  |  |  |
Above $6K and under $100K Customers(1) | $ | 88,387 |  |  | 31 | % |  | $ | 78,922 |  |  | 36 | % |  |  |  |
Above $100K and under $500K Customers(1) | 26,079 |  |  | 9 | % |  | 22,048 |  |  | 10 | % |  |  |  |
Above $500K and under $1M Customers(1) | 8,055 |  |  | 3 | % |  | 7,322 |  |  | 3 | % |  |  |  |
Above $1M Customers(1) | 64,720 |  |  | 23 | % |  | 20,640 |  |  | 9 | % |  |  |  |
Digital Native Enterprise Customers(1)(2) | $ | 187,241 |  |  | 67 | % |  | $ | 128,932 |  |  | 59 | % |  |  |  |
Developers and other(1) (3) | 93,943 |  |  | 33 | % |  | 89,768 |  |  | 41 | % |  |  |  |
Total | $ | 281,184 |  |  | 100 | % |  | $ | 218,700 |  |  | 100 | % |  |  |  |
| Six Months Ended June 30,
| 2026 |  | 2025 |  |
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue |  |  |  |
Above $6K and under $100K Customers(1) | $ | 174,289 |  |  | 32 | % |  | $ | 155,126 |  |  | 36 | % |  |  |  |
Above $100K and under $500K Customers(1) | 50,641 |  |  | 9 | % |  | 44,118 |  |  | 10 | % |  |  |  |
Above $500K and under $1M Customers(1) | 16,466 |  |  | 3 | % |  | 14,254 |  |  | 3 | % |  |  |  |
Above $1M Customers(1) | 110,397 |  |  | 20 | % |  | 36,998 |  |  | 9 | % |  |  |  |
Digital Native Enterprise Customers(1)(2) | $ | 351,793 |  |  | 65 | % |  | $ | 250,496 |  |  | 58 | % |  |  |  |
Developers and other(1) (3) | 187,296 |  |  | 35 | % |  | 178,907 |  |  | 42 | % |  |  |  |
Total | $ | 539,089 |  |  | 100 | % |  | $ | 429,403 |  |  | 100 | % |  |  |  |
___________________________ (1) Beginning in the fourth quarter of 2025, the Company revised its customer category naming and classification. Prior periods have been recast to reflect the effects of these changes. (2) May not foot due to rounding. (3) Beginning in the fourth quarter of 2025, Developers and other include revenue from users that spend less than or equal to $500 in a given month, revenue from certain legacy Bare Metal CPU offerings, miscellaneous revenue and other reserve adjustments. Prior periods have been recast to reflect the effect of this change. Geographical Information Revenue, as determined based on the Company’s customers’ billing address, was as follows:
| Three Months Ended June 30,
| 2026 |  | 2025 |  |
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue(1) |  |  |  |
North America | $ | 130,971 |  |  | 47 | % |  | $ | 79,560 |  |  | 37 | % |  |  |  |
Europe | 62,029 |  |  | 22 | % |  | 59,660 |  |  | 27 | % |  |  |  |
Asia | 61,937 |  |  | 22 | % |  | 50,752 |  |  | 23 | % |  |  |  |
Rest of the world | 26,247 |  |  | 9 | % |  | 28,728 |  |  | 13 | % |  |  |  |
Total | $ | 281,184 |  |  | 100 | % |  | $ | 218,700 |  |  | 100 | % |  |  |  |
| Six Months Ended June 30,
| 2026 |  | 2025 |  |
| Amount |  | Percentage of Revenue |  | Amount |  | Percentage of Revenue(1) |  |  |  |
North America | $ | 243,740 |  |  | 46 | % |  | $ | 157,497 |  |  | 37 | % |  |  |  |
Europe | 124,626 |  |  | 23 | % |  | 118,135 |  |  | 28 | % |  |  |  |
Asia | 119,519 |  |  | 22 | % |  | 101,768 |  |  | 24 | % |  |  |  |
Rest of the world | 51,204 |  |  | 9 | % |  | 52,003 |  |  | 11 | % |  |  |  |
Total | $ | 539,089 |  |  | 100 | % |  | $ | 429,403 |  |  | 100 | % |  |  |  |
___________________________ (1) May not recalculate due to rounding. Revenue derived from customers in the United States was 41% and 40% of total revenue for the three and six months ended June 30, 2026, respectively, and 31% of total revenue for the three and six months ended June 30, 2025. Deferred Revenue Deferred revenue was $53,039 and $5,882 as of June 30, 2026 and December 31, 2025, respectively. Revenue recognized during the three months ended June 30, 2026 and 2025 was $720 and $650, respectively, and $2,720 and $2,885 during the six months ended June 30, 2026 and 2025, respectively, which was included in the deferred revenue balances at the beginning of each respective period. Deferred revenue includes $46,043 of pre-payment obligation held in a third-party escrow account that is included in prepaid expenses and other current assets in the condensed consolidated balance sheets because the Company is contractually eligible to receive the funds as of June 30, 2026. Subsequent to June 30, 2026, the $46,043 pre-payment obligation was released from escrow to the Company. Remaining Performance Obligations The Company has performance obligations associated with commitments in customer contracts for future services that have not yet been recognized in the condensed consolidated financial statements. As of June 30, 2026, the aggregate transaction price allocated to the remaining performance obligations, which includes contracts with expected term of one year or less, is $893,828 with a weighted-average life of 3.7 years. As of June 30, 2026, the Company expects to recognize $365,901 of its remaining performance obligations as revenue over the next 12 months, with the remainder recognized thereafter over the remaining life of the contracts. Concentration of Credit Risk The amounts reflected in the condensed consolidated balance sheets for cash and cash equivalents, marketable securities, restricted cash, and trade accounts receivable are exposed to concentrations of credit risk. Although the Company maintains cash and cash equivalents with multiple financial institutions, the deposits, at times, may exceed federally insured limits. The Company believes that the financial institutions that hold its cash and cash equivalents are financially sound and, accordingly, minimal credit risk exists with respect to these balances. The Company’s customer base consists of a significant number of geographically dispersed customers.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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