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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 198,627 $ 76,392
Accounts receivable, net [1] 41,446 23,417
Inventory 3,148 3,296
Deferred commissions, current 3,228 3,017
Prepaid expenses and other current assets 8,449 6,937
Total current assets 254,898 113,059
Property and equipment, net 7,537 5,625
Operating lease right-of-use asset 0 447
Deferred commissions, non-current 8,742 9,214
Intangible assets, net 2,853 4,263
Goodwill 13,240 13,240
Other assets 199 5,044
Total assets 287,469 150,892
Current liabilities    
Accounts payable 5,344 4,168
Accrued expenses and other current liabilities [2] 37,622 29,840
Operating lease liability, current 0 415
Deferred revenue [3] 27,157 19,530
Total current liabilities 70,123 53,953
Long term debt 0 29,771
Warrant liabilities, non-current 0 2,252
Other liabilities, non-current 0 285
Total liabilities 70,123 86,261
Commitments and contingencies (Note 6)
Redeemable convertible preferred stock, $0.001 par value per share; no shares and 120,689 shares authorized as of September 30, 2025 and December 31, 2024, respectively; no shares and 118,219 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively, net of issuance costs 0 449,034
Stockholders’ equity (deficit)    
Common stock, $0.001 par value per share; 750,000 and 181,500 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 57,887 and 8,157 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively 58 8
Additional paid-in capital 679,191 59,555
Accumulated deficit (461,903) (443,966)
Total stockholders’ equity (deficit) 217,346 (384,403)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 287,469 $ 150,892
[1] Includes amounts from a related party of $29.3 million and $13.2 million as of September 30, 2025 and December 31, 2024, respectively.
[2] Includes amounts from a related party of $5.2 million and $2.2 million as of September 30, 2025 and December 31, 2024, respectively.
[3] Includes amounts from a related party of $20.3 million and $13.2 million as of September 30, 2025 and December 31, 2024, respectively.