XML 67 R50.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Immaterial Correction of an Error (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Accounting Changes and Error Corrections [Abstract] |
Schedule of Error Corrections and Prior Period Adjustments | The following table sets forth the effect of the immaterial error correction to certain line items of our consolidated statement of operations, consolidated balance sheet and consolidated statement of cash flows as of and for the year ended December 31, 2023:
| Year Ended December 31, 2023
| As Reported |  | Adjustment |  | Revised
| (in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |
Cost of revenue - product subscriptions | $ | 202,904 |  |  | $ | 236 |  |  | $ | 203,140 |
Cost of revenue - professional services | $ | 28,837 |  |  | $ | 69 |  |  | $ | 28,906 |
Research and development expense | $ | 176,776 |  |  | $ | 1,161 |  |  | $ | 177,937 |
Sales and marketing expense | $ | 312,636 |  |  | $ | 1,025 |  |  | $ | 313,661 |
General and administrative expense | $ | 84,276 |  |  | $ | 1,064 |  |  | $ | 85,340 |
Net income (loss) | $ | (149,260) |  |  | $ | (3,555) |  |  | $ | (152,815) |
Net income (loss) per share, basic | $ | (2.46) |  |  | $ | (0.06) |  |  | $ | (2.52) |
Net income (loss) per share, diluted | $ | (2.46) |  |  | $ | (0.06) |  |  | $ | (2.52) |
Consolidated Statement of Cash Flows: |  |  |  |  |
Net income (loss) | $ | (149,260) |  |  | $ | (3,555) |  |  | $ | (152,815) |
Stock-based compensation expense | $ | 108,081 |  |  | $ | 3,555 |  |  | $ | 111,636 |
Net cash provided by operating activities | $ | 104,278 |  |  | $ | — |  |  | $ | 104,278 |
| As of December 31, 2023
| As Reported |  | Adjustment |  | Revised
| (in thousands)
Consolidated Balance Sheet: |  |  |  |  |
Additional paid-in capital | $ | 894,630 |  |  | $ | 3,555 |  |  | $ | 898,185 |
Accumulated deficit | $ | (1,010,005) |  |  | $ | (3,555) |  |  | $ | (1,013,560) |
Total stockholders' deficit | $ | (118,179) |  |  | $ | — |  |  | $ | (118,179) |
The following tables set forth the effect of the immaterial error corrections to (i) certain line items of our unaudited condensed consolidated statements of operations for the interim periods ended March 31, 2023, June 30, 2023, September 30, 2023 and December 31, 2023, as well as (ii) certain line items of our unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of cash flows for the interim periods ended March 31, 2024, June 30, 2024 and September 30, 2024. Prospectively, we will effect an immaterial error correction of these unaudited condensed consolidated financial statements for the 2024 interim periods as those statements are reproduced on a comparative basis in our Quarterly Reports on Form 10-Q throughout fiscal year 2025:
| Three Months Ended March 31, 2023 |  | Three Months Ended June 30, 2023
| As Reported |  | Adjustment |  | Revised |  | As Reported |  | Adjustment |  | Revised
| (unaudited, in thousands, except per share amounts) |  | (unaudited, in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |  |  |  |  |  |  |
Cost of revenue - product subscriptions | $ | 48,188 |  |  | $ | 36 |  |  | $ | 48,224 |  |  | $ | 51,148 |  |  | $ | 78 |  |  | $ | 51,226 |
Cost of revenue - professional services | $ | 7,811 |  |  | $ | 10 |  |  | $ | 7,821 |  |  | $ | 7,016 |  |  | $ | 22 |  |  | $ | 7,038 |
Research and development expense | $ | 46,346 |  |  | $ | 148 |  |  | $ | 46,494 |  |  | $ | 50,762 |  |  | $ | 402 |  |  | $ | 51,164 |
Sales and marketing expense | $ | 80,587 |  |  | $ | 166 |  |  | $ | 80,753 |  |  | $ | 83,036 |  |  | $ | 332 |  |  | $ | 83,368 |
General and administrative expense | $ | 24,207 |  |  | $ | 269 |  |  | $ | 24,476 |  |  | $ | 22,888 |  |  | $ | 562 |  |  | $ | 23,450 |
Net income (loss) | $ | (25,915) |  |  | $ | (629) |  |  | $ | (26,544) |  |  | $ | (66,782) |  |  | $ | (1,396) |  |  | $ | (68,178) |
Net income (loss) per share, basic | $ | (0.43) |  |  | $ | (0.01) |  |  | $ | (0.44) |  |  | $ | (1.10) |  |  | $ | (0.03) |  |  | $ | (1.13) |
Net income (loss) per share, diluted | $ | (0.43) |  |  | $ | (0.01) |  |  | $ | (0.44) |  |  | $ | (1.10) |  |  | $ | (0.03) |  |  | $ | (1.13) |
| Three Months Ended September 30, 2023 |  | Three Months Ended December 31, 2023
| As Reported |  | Adjustment |  | Revised |  | As Reported |  | Adjustment |  | Revised
| (unaudited, in thousands, except per share amounts) |  | (unaudited, in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |  |  |  |  |  |  |
Cost of revenue - product subscriptions | $ | 51,261 |  |  | $ | 60 |  |  | $ | 51,321 |  |  | $ | 52,307 |  |  | $ | 62 |  |  | $ | 52,369 |
Cost of revenue - professional services | $ | 6,569 |  |  | $ | 21 |  |  | $ | 6,590 |  |  | $ | 7,441 |  |  | $ | 16 |  |  | $ | 7,457 |
Research and development expense | $ | 39,940 |  |  | $ | 309 |  |  | $ | 40,249 |  |  | $ | 39,729 |  |  | $ | 302 |  |  | $ | 40,031 |
Sales and marketing expense | $ | 75,699 |  |  | $ | 284 |  |  | $ | 75,983 |  |  | $ | 73,314 |  |  | $ | 243 |  |  | $ | 73,557 |
General and administrative expense | $ | 17,866 |  |  | $ | (76) |  |  | $ | 17,790 |  |  | $ | 19,314 |  |  | $ | 309 |  |  | $ | 19,623 |
Net income (loss) | $ | (76,611) |  |  | $ | (598) |  |  | $ | (77,209) |  |  | $ | 20,048 |  |  | $ | (932) |  |  | $ | 19,116 |
Net income (loss) per share, basic | $ | (1.25) |  |  | $ | (0.01) |  |  | $ | (1.26) |  |  | $ | 0.33 |  |  | $ | (0.02) |  |  | $ | 0.31 |
Net income (loss) per share, diluted | $ | (1.25) |  |  | $ | (0.01) |  |  | $ | (1.26) |  |  | $ | 0.27 |  |  | $ | (0.01) |  |  | $ | 0.26 |
| Three Months Ended March 31, 2024
| As Reported |  | Adjustment |  | Revised
| (unaudited, in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |
Cost of revenue - product subscriptions | $ | 54,655 |  |  | $ | 79 |  |  | $ | 54,734 |
Cost of revenue - professional services | $ | 6,248 |  |  | $ | 12 |  |  | $ | 6,260 |
Research and development expense | $ | 40,990 |  |  | $ | 378 |  |  | $ | 41,368 |
Sales and marketing expense | $ | 72,805 |  |  | $ | 290 |  |  | $ | 73,095 |
General and administrative expense | $ | 19,835 |  |  | $ | 93 |  |  | $ | 19,928 |
Net income (loss) | $ | 2,258 |  |  | $ | (852) |  |  | $ | 1,406 |
Net income (loss) per share, basic | $ | 0.04 |  |  | $ | (0.02) |  |  | $ | 0.02 |
Net income (loss) per share, diluted | $ | 0.03 |  |  | $ | (0.01) |  |  | $ | 0.02 |
Consolidated Statement of Cash Flows: |  |  |  |  |
Net income | $ | 2,258 |  |  | $ | (852) |  |  | $ | 1,406 |
Stock-based compensation expense | $ | 24,893 |  |  | $ | 852 |  |  | $ | 25,745 |
Net cash provided by operating activities | $ | 31,070 |  |  | $ | — |  |  | $ | 31,070 |
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024
| As Reported |  | Adjustment |  | Revised |  | As Reported |  | Adjustment |  | Revised
| (unaudited, in thousands, except per share amounts) |  | (unaudited, in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |  |  |  |  |  |  |
Cost of revenue - product subscriptions | $ | 54,982 |  |  | $ | 125 |  |  | $ | 55,107 |  |  | $ | 109,637 |  |  | $ | 204 |  |  | $ | 109,841 |
Cost of revenue - professional services | $ | 5,866 |  |  | $ | 19 |  |  | $ | 5,885 |  |  | $ | 12,114 |  |  | $ | 31 |  |  | $ | 12,145 |
Research and development expense | $ | 40,056 |  |  | $ | 392 |  |  | $ | 40,448 |  |  | $ | 81,046 |  |  | $ | 770 |  |  | $ | 81,816 |
Sales and marketing expense | $ | 77,795 |  |  | $ | 331 |  |  | $ | 78,126 |  |  | $ | 150,600 |  |  | $ | 621 |  |  | $ | 151,221 |
General and administrative expense | $ | 22,412 |  |  | $ | 790 |  |  | $ | 23,202 |  |  | $ | 42,247 |  |  | $ | 883 |  |  | $ | 43,130 |
Net income (loss) | $ | 8,195 |  |  | $ | (1,657) |  |  | $ | 6,538 |  |  | $ | 10,453 |  |  | $ | (2,509) |  |  | $ | 7,944 |
Net income (loss) per share, basic | $ | 0.13 |  |  | $ | (0.03) |  |  | $ | 0.10 |  |  | $ | 0.13 |  |  | $ | (0.05) |  |  | $ | 0.08 |
Net income (loss) per share, diluted | $ | 0.11 |  |  | $ | (0.02) |  |  | $ | 0.09 |  |  | $ | 0.11 |  |  | $ | (0.03) |  |  | $ | 0.08 |
Consolidated Statement of Cash Flows: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  |  |  |  |  | $ | 10,453 |  |  | $ | (2,509) |  |  | $ | 7,944 |
Stock-based compensation expense |  |  |  |  |  |  | $ | 52,302 |  |  | $ | 2,509 |  |  | $ | 54,811 |
Net cash provided by operating activities |  |  |  |  |  |  | $ | 63,928 |  |  | $ | — |  |  | $ | 63,928 |
| Three Months Ended September 30, 2024 |  | Nine Months Ended September 30, 2024
| As Reported |  | Adjustment |  | Revised |  | As Reported |  | Adjustment |  | Revised
| (unaudited, in thousands, except per share amounts) |  | (unaudited, in thousands, except per share amounts)
Consolidated Statement of Operations: |  |  |  |  |  |  |  |  |  |  |
Cost of revenue - product subscriptions | $ | 56,653 |  |  | $ | 121 |  |  | $ | 56,774 |  |  | $ | 166,290 |  |  | $ | 325 |  |  | $ | 166,615 |
Cost of revenue - professional services | $ | 6,364 |  |  | $ | 19 |  |  | $ | 6,383 |  |  | $ | 18,478 |  |  | $ | 50 |  |  | $ | 18,528 |
Research and development expense | $ | 44,565 |  |  | $ | 411 |  |  | $ | 44,976 |  |  | $ | 125,611 |  |  | $ | 1,181 |  |  | $ | 126,792 |
Sales and marketing expense | $ | 74,521 |  |  | $ | 300 |  |  | $ | 74,821 |  |  | $ | 225,121 |  |  | $ | 921 |  |  | $ | 226,042 |
General and administrative expense | $ | 18,590 |  |  | $ | 293 |  |  | $ | 18,883 |  |  | $ | 60,837 |  |  | $ | 1,176 |  |  | $ | 62,013 |
Net income (loss) | $ | 16,554 |  |  | $ | (1,144) |  |  | $ | 15,410 |  |  | $ | 27,007 |  |  | $ | (3,653) |  |  | $ | 23,354 |
Net income (loss) per share, basic | $ | 0.26 |  |  | $ | (0.02) |  |  | $ | 0.24 |  |  | $ | 0.43 |  |  | $ | (0.07) |  |  | $ | 0.36 |
Net income (loss) per share, diluted | $ | 0.22 |  |  | $ | (0.01) |  |  | $ | 0.21 |  |  | $ | 0.36 |  |  | $ | (0.04) |  |  | $ | 0.32 |
Consolidated Statement of Cash Flows: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  |  |  |  |  |  | $ | 27,007 |  |  | $ | (3,653) |  |  | $ | 23,354 |
Stock-based compensation expense |  |  |  |  |  |  | $ | 76,896 |  |  | $ | 3,653 |  |  | $ | 80,549 |
Net cash provided by operating activities |  |  |  |  |  |  | $ | 107,897 |  |  | $ | — |  |  | $ | 107,897 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483443/250-10-50-9 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration