Segments
The Company operates as a single operating segment. The Company’s Chief Operating Decision Maker ("CODM") is its Chief Executive Officer. All significant operating decisions are based upon analysis of the Company as one operating segment, which is the same as its reporting segment to allocate resources, make operating decisions, and evaluate financial performance.
The CODM considers consolidated net loss to be the financial measure of segment profit and loss for monitoring budget versus actual results, perform variance analysis, and forecast future performance.
The CODM considers the impact of the significant segment expenses on net income, which are the same expenses presented on the consolidated statements of operations and comprehensive income (loss), with the impact of stock-based compensation removed from the operating expense categories and presented separately when making operating decisions.
The measure of segment assets is reported on the consolidated balance sheets as total assets. The CODM does not review segment assets at a level other than that presented in the Company's consolidated balance sheets.
Revenue by geographic area is based on the delivery address of the customer and is summarized as follows:
| | | | | | | | | | | |
| Year Ended December 31, |
| 2025 | | 2024 |
| United States | $ | 86,521 | | | $ | 62,933 | |
| United Kingdom | 5,912 | | 5,183 |
| Other | 13,275 | | 9,940 |
| Total revenues | $ | 105,708 | | | $ | 78,056 | |
Other than the United States, no individual country exceeded 10% of total revenues for either of the years ended December 31, 2025 and December 31, 2024.
The Company’s long-lived assets are composed of property and equipment and right of use assets, net, and are summarized by geographic area as follows:
| | | | | | | | | | | |
| December 31, |
| 2025 | | 2024 |
| United States | $ | 207 | | | $ | 167 | |
| International | 157 | | | 73 | |
| Total long-lived assets, net | $ | 364 | | | $ | 240 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.