XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.25.1

Revenues | 3 Months Ended
--- | ---
Mar. 31, 2025
Revenue from Contract with Customer [Abstract] |
Revenues | Revenues Disaggregation of Total Revenue The following table presents the Company’s total revenue disaggregated by product (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
B2 Cloud Storage | $ | 18,048 |  |  | $ | 14,622 |  |  |  |  |
Computer Backup | 16,565 |  |  | 15,346 |  |  |  |  |
Total revenue(1) | $ | 34,613 |  |  | $ | 29,968 |  |  |  |  |
________________ (1) For the periods presented, Physical Media revenue has been allocated to 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):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
Consumption-based arrangements | $ | 17,413 |  |  | $ | 14,278 |  |  |  |  |
Subscription-based arrangements | 17,108 |  |  | 15,567 |  |  |  |  |
Physical Media (point in time) | 92 |  |  | 123 |  |  |  |  |
Total revenue | $ | 34,613 |  |  | $ | 29,968 |  |  |  |  |
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
| Three Months Ended March 31, |  |
| 2025 |  | 2024 |  |  |  |
United States | $ | 25,381 |  |  | $ | 21,927 |  |  |  |  |
United Kingdom | 1,752 |  |  | 1,628 |  |  |  |  |
Canada | 1,654 |  |  | 1,398 |  |  |  |  |
Other | 5,826 |  |  | 5,015 |  |  |  |  |
Total revenue | $ | 34,613 |  |  | $ | 29,968 |  |  |  |  |
Earned, Unbilled Revenue As of March 31, 2025 and December 31, 2024, the Company had $3.3 million and $2.9 million, respectively, of unbilled accounts receivable included within prepaid expenses and other current assets on the condensed consolidated balance sheets. Deferred Revenue The following table presents information regarding the Company’s total deferred revenue (in thousands):
|  |  |  |  | March 31, 2025 |  | December 31, 2024
Deferred revenue |  |  |  |  | $ | 36,352 |  |  | $ | 35,554 |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period |  |  |  |  | $ | 12,224 |  |  | $ | 10,453 |
The Company’s deferred revenue as presented on its condensed consolidated balance sheets approximates its contract liability balance as of March 31, 2025 and December 31, 2024. The Company’s total deferred revenue balance as of March 31, 2025, approximates the aggregate amount of the transaction price allocated to remaining performance obligations (“RPOs”) as of that date. As of March 31, 2025, the Company's RPOs were $44.9 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. As of March 31, 2025, the Company expects to recognize approximately 79% of its RPOs over the next 12 months, and substantially all of its RPOs over the next 24 months. Deferred Contract Costs The Company’s deferred contract costs are comprised of third-party affiliate commissions and, starting in 2024, a commission structure for its sales team. See Note 2 to the audited consolidated financial statements included in the Annual Report for additional information on the commission structure. The following tables present the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
|  |  |  |  | March 31, 2025 |  | December 31, 2024
Deferred contract costs for marketing affiliates |  |  |  |  | $ | 558 |  |  | $ | 542 |
Deferred contract costs for sales commission |  |  |  |  | 1,144 |  |  | 972 |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2025 |  | 2024
Amortization of deferred contract costs related to marketing affiliates |  |  |  |  | $ | 295 |  |  | $ | 281 |
Amortization of deferred contract costs related to sales commission |  |  |  |  | 98 |  |  | — |

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

X
- 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 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration