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Revenues | 3 Months Ended
--- | ---
Mar. 31, 2026
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, |  |
| 2026 |  | 2025 |  |  |  |
B2 Cloud Storage | $ | 22,428 |  |  | $ | 18,048 |  |  |  |  |
Computer Backup | 16,238 |  |  | 16,565 |  |  |  |  |
Total revenue | $ | 38,666 |  |  | $ | 34,613 |  |  |  |  |
The following table presents the Company’s total revenue disaggregated by timing of revenue recognition (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Consumption-based arrangements | $ | 21,739 |  |  | $ | 17,413 |  |  |  |  |
Subscription-based arrangements | 16,801 |  |  | 17,108 |  |  |  |  |
Point in time arrangements | 126 |  |  | 92 |  |  |  |  |
Total revenue | $ | 38,666 |  |  | $ | 34,613 |  |  |  |  |
Total revenue by geographic area, based on the location of the Company’s customers, was as follows (in thousands):
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
United States | $ | 28,013 |  |  | $ | 25,381 |  |  |  |  |
United Kingdom | 1,959 |  |  | 1,752 |  |  |  |  |
Canada | 1,623 |  |  | 1,654 |  |  |  |  |
Other | 7,071 |  |  | 5,826 |  |  |  |  |
Total revenue | $ | 38,666 |  |  | $ | 34,613 |  |  |  |  |
Earned, Unbilled Revenue As of March 31, 2026 and December 31, 2025, the Company had $4.0 million and $3.7 million, respectively, of unbilled accounts receivable included within other current assets in the condensed consolidated balance sheets. Deferred Revenue The following table presents information regarding the Company’s total deferred revenue (in thousands):
|  |  |  |  | March 31, 2026 |  | December 31, 2025
Deferred revenue |  |  |  |  | $ | 36,312 |  |  | $ | 35,897 |
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Total revenue recognized, included in each deferred revenue balance at the beginning of each respective period | $ | 12,321 |  |  | $ | 12,224 |  |  |  |  |
Deferred revenue represents the invoiced portion of the Company’s contract liabilities for which the related performance obligations are still outstanding. The Company’s remaining performance obligations (“RPOs”) include deferred revenue as well as future committed revenue under existing customer contracts. The following table presents the Company’s RPOs (in millions):
| Within 1 Year |  | Over 1 Year |  | Total
As of March 31, 2026 | $ | 42.9 |  |  | $ | 33.6 |  |  | $ | 76.5 |
As of December 31, 2025(1) | $ | 39.5 |  |  | $ | 30.7 |  |  | $ | 70.2 |
_______________ (1) Effective January 1, 2026, the Company has included contracts with an original duration of one year or less in the above RPOs disclosure. To conform to current period disclosure, the Company has similarly included short-term contracts in the comparative disclosure as of December 31, 2025 resulting in an increase of $4.0 million from amounts previously disclosed. Deferred Contract Costs The following tables present the Company’s deferred contract costs and amortization of deferred contract costs (in thousands):
|  |  |  |  | March 31, 2026 |  | December 31, 2025
Deferred contract costs for marketing affiliates |  |  |  |  | $ | 244 |  |  | $ | 335 |
Deferred contract costs for sales commission |  |  |  |  | $ | 3,500 |  |  | $ | 2,639 |
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Amortization of deferred contract costs related to marketing affiliates | $ | 127 |  |  | $ | 295 |  |  |  |  |
Amortization of deferred contract costs related to sales commission | $ | 182 |  |  | $ | 98 |  |  |  |  |

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- 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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