Revenue (Q2) (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of customer concentration risk

The following customers accounted for 10% or more of the Company’s revenue for the periods presented:

Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

2025

2024

Customer A

71%

59%

72%

51%

Customer B

*

20%

*

24%

Customer C

*

*

*

*

Customer D

*

*

*

*

*
Customer did not represent 10% or more of revenue.

The customer references of A through D may represent different customers than those reported in a previous period.

The following customers accounted for 10% or more of the Company’s revenue for the years ended December 31, 2022, 2023, and 2024:

			Year Ended December 31,
			2022			2023			2024
Customer A			*			35%			62%
Customer B			*			21%			*
Customer C			*			17%			15%
Customer D			16%			*			*
Customer E			13%			*			*
Customer F			12%			*			*
Customer G			*			*			*

*
Customer did not represent 10% or more of revenue