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Segment Reporting
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company manages its operations through an evaluation of a consolidated business segment that solves semiconductor design challenges by offering affordable and competitive TCAD software, EDA software and design IP to support engineers and researchers across the globe. The chief operating decision maker (“CODM”), who is the Company’s CEO, reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. As such, the Company’s operations constitute a single operating segment and one reportable segment.
The following table presents a summary of revenue, payroll expenses, which the CODM reviews in assessing Company performance and deciding how to allocate resources, and total other expenses as a reconciliation to condensed consolidated net loss for the three months ended March 31, 2026, and 2025.
Three Months Ended March 31,
20262025
(in thousands)
Total revenue$17,755 $14,092 
Expenses
Payroll expenses16,350 14,532 
All other expenses, net7,265 18,833 
Total expenses23,615 33,365 
Net loss$(5,860)$(19,273)