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Segment Reporting | 3 Months Ended
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Mar. 31, 2026
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 Assets The CODM reviews asset information on a consolidated basis; accordingly, the measure of segment assets is total consolidated assets as reported on the consolidated balance sheet. Measure of Segment Profit or Loss The key GAAP measure of segment profit or loss utilized by the CODM is consolidated net income (loss), which is presented on the consolidated statements of operations and comprehensive loss, and is used to monitor budget versus actual results. Significant Segment Expenses The CODM also evaluates operating performance using adjusted research and development, adjusted sales and marketing, and adjusted general and administrative (collectively, “adjusted operating expenses”) that we define as each respective GAAP expense category excluding stock-based compensation expense, depreciation and amortization, restructuring costs, and other non-recurring charges. These adjusted operating expense measures provide the CODM with greater transparency into the underlying trends in our business by facilitating period-to-period comparisons of our ongoing cost structure, excluding the impact of certain non-cash or non-recurring items that may not be indicative of our operating performance. These measures are intended to assist in forecasting and budgeting, in order to inform resource-allocation decisions. The table below presents each adjusted operating expense as well as the items excluded from each adjusted measure for the three months ended March 31, 2026 and 2025 (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Revenue | $ | 38,666 |  |  | $ | 34,613 |  |  |  |  |
Adjusted cost of revenue | 7,929 |  |  | 7,293 |  |  |  |  |
Adjusted research and development | 8,210 |  |  | 8,330 |  |  |  |  |
Adjusted sales and marketing | 7,282 |  |  | 7,426 |  |  |  |  |
Adjusted general and administrative | 5,102 |  |  | 5,212 |  |  |  |  |
Depreciation | 3,750 |  |  | 5,251 |  |  |  |  |
Amortization(1) | 2,843 |  |  | 2,513 |  |  |  |  |
Stock-based compensation(2) | 6,712 |  |  | 7,359 |  |  |  |  |
Restructuring costs | 2,191 |  |  | — |  |  |  |  |
Other segment items(3) | 794 |  |  | 553 |  |  |  |  |
Net loss and comprehensive loss | $ | (6,147) |  |  | $ | (9,324) |  |  |  |  |
________________ (1) $0.1 million of amortization expense for the three months ended March 31, 2026 is classified as restructuring charges in the table above. (2) $0.2 million of stock-based compensation expense for the three months ended March 31, 2026 is classified as restructuring charges in the table above. (3) Other segment items include investment income, interest expense, foreign exchange (gain) loss, impairment of long-lived assets, and income tax provision.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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