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Restructuring Activities

3 Months Ended

Mar. 31, 2025

Restructuring and Related Activities [Abstract]

Restructuring Activities

Note 14. Restructuring Activities

During the three months ended March 31, 2025, the Company incurred restructuring costs of $7.1 million as part of the broader efforts to optimize the Company’s cost structure. The restructuring costs primarily consisted of severance payments, employee benefits and related costs. The Company expects to substantially complete these actions in 2025, subject to local law and consultation requirements in certain countries. The Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur as a result of or in connection with the implementation of these actions.

The following table summarizes the Company’s restructuring costs that were recorded as an operating expense in the accompanying Condensed Consolidated Statement of Operations during the three months ended March 31, 2025 and 2024 (in thousands):

												Three Months Ended March 31,
																		2025						2024
Cost of revenues																		$	1,535					$	561
Research and development																		1,694						1,450
Sales and marketing																		2,988						2,162
General and administrative																		873						409
Total restructuring costs																		$	7,090					$	4,582

The following table summarizes the Company’s restructuring liability that is included in accrued liabilities in the accompanying Condensed Consolidated Balance Sheets (in thousands):

Balance as of December 31, 2024						$	1,617
Restructuring costs						7,090
Cash payments						(6,704)
Balance as of March 31, 2025						$	2,003

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The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 420
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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