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Revenues
 12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Total Revenue
The following table presents the Company’s revenue disaggregated by solution (in thousands):

For the Years Ended
December 31,
20242023
B2 Cloud Storage
$63,335 $46,427 
Computer Backup
64,293 55,592 
Total revenue(1)
$127,628 $102,019 
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(1) For the periods presented, Physical Media revenue has been consolidated into B2 Cloud Storage or Computer Backup revenue based on the underlying offering from which it originates. The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):

For the Years Ended
December 31,
20242023
Consumption-based arrangements
$61,459 $45,771 
Subscription-based arrangements
65,658 55,679 
Physical Media (point in time)
511 569 
Total revenue
$127,628 $102,019 

Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
For the Years Ended
December 31,
20242023
United States
$94,323 $73,262 
United Kingdom6,703 5,463 
Canada5,757 5,027 
Other
20,845 18,267 
Total revenue
$127,628 $102,019 
Deferred Revenue

The following table presents information regarding the Company’s deferred revenue (in thousands):

December 31,
20242023
Deferred revenue
$35,554$30,049
For the Years Ended December 31
20242023
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period
$26,076$22,983
The Company’s deferred revenue as stated on the consolidated balance sheets presented approximates its contract liability balance as of December 31, 2024 and 2023. The Company’s total deferred revenue balance as of December 31, 2024, approximates the aggregate amount of the transaction price allocated to remaining performance obligations (“RPOs”) as of that date. As of December 31, 2024, the Company’s RPOs were $41.3 million. This amount includes deferred revenue arising from consideration invoiced for which the related performance obligations have not been satisfied, as well as future committed revenue for periods within current contracts with customers whose contracts exceed one year. As of December 31, 2024, the Company expects to recognize $34.3 million or approximately 83% of its RPOs over the next 12 months, and substantially all of its RPOs over the next 24 months.

Deferred Contract Costs

The following table presents the Company’s amortization of deferred contract costs (in thousands):

December 31,
20242023
Deferred contract costs for affiliates
$542 $489 
Deferred contract costs for sales commissions
972 — 
For the Years Ended December 31
20242023
Amortization of deferred contract costs related to affiliates
$1,142 $978 
Amortization of deferred contract costs related to sales commissions
126 —