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Segment Reporting
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company operates in one operating and reportable segment, which derives revenue from the services operating on its storage platform. The Company’s chief operating decision maker (the “CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources.
Measure of Segment Profit or Loss
The key measure of segment profit or loss utilized by the CODM to assess the performance of and allocate resources to the Company’s operating segment is consolidated net income (loss). Net income (loss) is used in monitoring budget versus actual results and is presented on the condensed consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the condensed consolidated balance sheet as total consolidated assets.
The CODM reviews cost of revenue, research and development, sales and marketing, and general and administrative expenses exclusive of depreciation, amortization, stock-based compensation, foreign exchange (gain) loss, restructuring charges, and legal settlement costs. The segment information for the three and nine months ended September 30, 2025 and 2024 is presented below in the following table (in thousands):

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue$37,162 $32,589 $108,073 $93,842 
Adjusted cost of revenue7,803 7,120 22,550 20,940 
Adjusted research and development8,377 7,572 25,306 22,418 
Adjusted sales and marketing7,741 8,767 23,492 26,099 
Adjusted general and administrative4,854 5,381 15,376 15,980 
Depreciation3,287 5,431 11,640 16,388 
Amortization2,757 1,900 7,642 4,880 
Stock-based compensation5,445 8,438 20,108 19,495 
Other segment items(1)
676 733 2,158 1,796 
Net loss and comprehensive loss$(3,778)$(12,753)$(20,199)$(34,154)
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(1) Other segment items include investment income, interest expense, foreign exchange (gain) loss, restructuring charges, legal settlement costs, impairment of long-lived assets, and income tax provision.