7Baggers

Xometry Inc
(NASDAQ:XMTR) 

XMTR stock logo

Xometry is an on-demand industrial parts marketplace based in Derwood, Maryland. Its CEO and co-founder is Randy Altschuler. Its customers include BMW, NASA, Bosch, Dell and General Electric.

Founded: 2013
CEO / Co-Founder: Randy Altschuler 
Sector:
Industry:
IndustrialsE-Commerce
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At a glance:
Bull Thesis:
Bear Thesis:
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Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 
                        
      revenue
    		205,138,000 192,397,000 180,715,000 162,547,000 150,971,000 148,546,000 141,698,000 132,595,000 122,690,000 128,145,000 118,927,000 111,008,000 105,326,000 98,196,000 103,571,000 95,615,000 83,671,000 67,098,000 56,727,000 50,589,000 
      yoy
    		35.88% 29.52% 27.54% 22.59% 23.05% 15.92% 19.15% 19.45% 16.49% 30.50% 14.83% 16.10% 25.88% 46.35% 82.58% 89.00%     
      qoq
    		6.62% 6.46% 11.18% 7.67% 1.63% 4.83% 6.87% 8.07% -4.26% 7.75% 7.13% 5.39% 7.26% -5.19% 8.32% 14.27% 24.70% 18.28% 12.13%  
      cost of revenue
    		126,650,000 117,160,000 108,686,000 97,371,000 94,640,000 89,526,000 85,873,000 79,718,000 74,788,000 79,060,000 72,678,000 67,452,000 65,957,000 62,166,000 62,670,000 57,919,000 50,732,000 46,162,000 42,233,000 38,714,000 
      gross profit
    		78,488,000 75,237,000 72,029,000 65,176,000 56,331,000 59,020,000 55,825,000 52,877,000 47,902,000 49,085,000 46,249,000 43,556,000 39,369,000 36,030,000 40,901,000 37,696,000 32,939,000 20,936,000 14,494,000 11,875,000 
      yoy
    		39.33% 27.48% 29.03% 23.26% 17.60% 20.24% 20.71% 21.40% 21.67% 36.23% 13.08% 15.55% 19.52% 72.10% 182.19% 217.44%     
      qoq
    		4.32% 4.45% 10.51% 15.70% -4.56% 5.72% 5.58% 10.39% -2.41% 6.13% 6.18% 10.64% 9.27% -11.91% 8.50% 14.44% 57.33% 44.45% 22.05%  
      gross margin %
    		38.26% 39.11% 39.86% 40.10% 37.31% 39.73% 39.40% 39.88% 39.04% 38.30% 38.89% 39.24% 37.38% 36.69% 39.49% 39.42% 39.37% 31.20% 25.55% 23.47% 
      operating expenses:
    		                    
      sales and marketing
    		31,967,000 33,883,000 32,649,000 29,781,000 26,435,000 26,546,000 27,204,000 27,487,000 27,200,000 25,373,000 23,210,000 22,666,000 22,439,000 24,376,000 21,416,000 18,145,000 19,285,000 13,172,000 9,828,000 8,858,000 
      operations and support
    		19,659,000 19,190,000 18,403,000 17,732,000 17,090,000 16,057,000 14,698,000 14,173,000 14,047,000 12,922,000 12,622,000 14,220,000 12,608,000 12,414,000 11,620,000 12,180,000 12,358,000 8,089,000 5,775,000 5,489,000 
      product development
    		11,428,000 12,089,000 12,524,000 11,008,000 11,171,000 10,370,000 9,344,000 10,018,000 9,590,000 8,892,000 8,523,000 8,922,000 8,125,000 8,315,000 7,613,000 7,796,000 7,290,000 5,649,000 4,376,000 4,091,000 
      general and administrative
    		20,654,000 18,851,000 19,463,000 16,945,000 17,026,000 17,487,000 16,060,000 16,488,000 14,922,000 14,437,000 14,940,000 25,582,000 15,957,000 14,849,000 15,126,000 15,057,000 12,959,000 16,599,000 8,778,000 5,238,000 
      total operating expenses
    		83,708,000 84,013,000 83,088,000 75,466,000 71,722,000 70,542,000 67,306,000 68,166,000 65,759,000 61,624,000 59,446,000 71,609,000 59,156,000 60,334,000 56,100,000 53,297,000 51,892,000 43,509,000 28,757,000 23,676,000 
      income from operations
    		-5,220,000 -8,776,000 -11,059,000 -10,290,000 -15,391,000 -11,522,000 -11,481,000 -15,289,000 -17,857,000 -12,539,000 -13,197,000 -28,053,000 -19,787,000 -24,304,000 -15,199,000 -15,601,000 -18,953,000 -22,573,000 -14,263,000 -11,801,000 
      yoy
    		-66.08% -23.83% -3.68% -32.70% -13.81% -8.11% -13.00% -45.50% -9.75% -48.41% -13.17% 79.82% 4.40% 7.67% 6.56% 32.20%     
      qoq
    		-40.52% -20.64% 7.47% -33.14% 33.58% 0.36% -24.91% -14.38% 42.41% -4.99% -52.96% 41.77% -18.59% 59.91% -2.58% -17.69% -16.04% 58.26% 20.86%  
      operating margin %
    		-2.54% -4.56% -6.12% -6.33% -10.19% -7.76% -8.10% -11.53% -14.55% -9.79% -11.10% -25.27% -18.79% -24.75% -14.67% -16.32% -22.65% -33.64% -25.14% -23.33% 
      other (expenses) income:
    		                    
      interest expense
    		-1,258,000 -1,259,000 -1,278,000 -1,182,000 -1,188,000 -1,188,000 -1,187,000 -1,188,000 -1,189,000 -1,188,000 -1,205,000 -1,193,000 -1,198,000 -1,246,000 -1,194,000 -1,209,000 -769,000 -53,000 -79,000 -350,000 
      interest and dividend income
    		1,785,000 1,977,000 2,139,000 2,174,000 2,277,000 2,507,000 2,781,000 2,762,000 2,732,000 2,959,000 2,994,000 2,959,000 2,695,000 2,201,000 1,344,000 474,000 96,000 525,000 417,000  
      other expenses
    		-464,000 174,000 -1,636,000 -17,365,000 -880,000 307,000 -444,000 -233,000  -355,000 -597,000 -576,000  -450,000 -289,000 -482,000 -962,000 -1,845,000 -786,000 -113,000 
      income from unconsolidated joint venture
    		146,000 -140,000 220,000 218,000 106,000 -41,000 162,000 234,000 97,000 9,000 134,000 237,000 66,000 -30,000 297,000 269,000 34,000    
      total other income
    		209,000    315,000 1,585,000 1,312,000 1,575,000 1,253,000 1,425,000 1,326,000 1,427,000 1,580,000 475,000 158,000      
      income before income taxes
    		-5,011,000 -8,024,000 -11,614,000 -26,445,000 -15,076,000 -9,937,000 -10,169,000 -13,714,000 -16,604,000 -11,114,000 -11,871,000 -26,626,000 -18,207,000 -23,829,000 -15,041,000 -16,549,000 -20,554,000    
      provision for income taxes
    		-248,000     -5,000 -30,000              
      net income
    		-5,259,000 -8,638,000 -11,597,000 -26,437,000 -15,076,000 -9,896,000 -10,199,000 -13,704,000 -16,604,000 -10,553,000 -12,010,000 -26,559,000 -18,343,000 -24,424,000 -15,041,000 -16,549,000 -19,995,000 -23,905,000 -14,711,000 -12,264,000 
      yoy
    		-65.12% -12.71% 13.71% 92.91% -9.20% -6.23% -15.08% -48.40% -9.48% -56.79% -20.15% 60.49% -8.26% 2.17% 2.24% 34.94%     
      qoq
    		-39.12% -25.52% -56.13% 75.36% 52.34% -2.97% -25.58% -17.47% 57.34% -12.13% -54.78% 44.79% -24.90% 62.38% -9.11% -17.23% -16.36% 62.50% 19.95%  
      net income margin %
    		-2.56% -4.49% -6.42% -16.26% -9.99% -6.66% -7.20% -10.34% -13.53% -8.24% -10.10% -23.93% -17.42% -24.87% -14.52% -17.31% -23.90% -35.63% -25.93% -24.24% 
      net income attributable to noncontrolling interest
    		8,000 -4,000  -3,000 2,000 -7,000  -7,000 12,000 -2,000 13,000 -5,000 1,000 -1,000 -4,000 4,000 17,000    
      net loss attributable to common stockholders
    		-5,267,000 -8,634,000 -11,597,000 -26,434,000 -15,078,000 -9,889,000 -10,199,000 -13,697,000 -16,616,000 -10,551,000 -12,023,000 -26,554,000 -18,344,000 -24,423,000 -15,037,000 -16,553,000 -20,012,000 -23,903,000 -14,711,000  
      net income per share
    		-0.1 -0.17 -0.23 -0.52 -0.3 -0.2 -0.21 -0.28 -0.34 -0.22 -0.25 -0.55 -0.38 -0.51 -0.32 -0.35 -0.43 -0.46 -0.33 -1.46 
      weighted-average number of shares outstanding used to compute net loss per share, basic and diluted, of class a and class b common stock
    		51,912,516 50,812,072 50,920,588 50,699,914 50,335,053 49,082,722 49,282,164 48,840,100 48,577,980 47,914,039 47,989,277 47,865,990         
      comprehensive loss:
    		                    
      foreign currency translation
    		-690 332 180 3,066 1,520 -1,587 795 92 -457 399 91 224 135 492 -559 14 -28 -37 -41 -13 
      total other comprehensive income
    		-690 332 180 3,066 1,520 -1,587 795 92 -457 399 91 224 135   14 -28   -13 
      comprehensive loss
    		-5,949 -8,306 -11,417 -23,371 -13,556 -11,483 -9,404 -13,612 -17,061 -10,154 -11,919 -26,335 -18,208 -23,932 -15,600 -16,535 -20,023    
      comprehensive income attributable to noncontrolling interest
    		13 10 7 -13 -11 16 -23 2 29 -16 21 19 5 -29 14 37 34    
      total comprehensive loss attributable to common stockholders
    		-5,962 -8,316 -11,424 -23,358 -13,545 -11,499 -9,381 -13,614 -17,090 -10,138 -11,940 -26,354 -18,213 -23,903 -15,614 -16,572 -20,057    
      operating expenses
    		                    
      impairment of assets
    		  49,000        151,000 219,000 27,000 380,000 325,000      
      other (expenses) income
    		        -387,000            
      total other (expenses) income
    		 752,000 -555,000 -16,155,000                 
      benefit for income taxes
    		 -614,000 17,000 8,000    10,000  561,000 -139,000 67,000 -136,000 139,750   559,000    
      comprehensive income:
    		                    
      other income
    		            17,000        
      weighted-average number of shares outstanding used to compute net loss per share, basic and diluted
    		            47,699,561 47,158,247 47,303,090 47,074,246 46,789,585 26,318,349 43,962,863 8,390,088 
      total other comprehensive loss
    		             -143.25 -559   -6 -41  
      impairment of long-lived assets
    		               119,000     
      total other expenses
    		               -948,000 -1,601,000 -1,332,000 -448,000 -463,000 
      deemed dividend to preferred stockholders
    		                    
      total comprehensive loss
    		                 -9,375 -14,752 -12,277 
                        
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 
                          
        assets
      		                    
        current assets:
      		                    
        cash and cash equivalents
      		21,046,000 14,996,000 20,845,000 16,751,000 15,507,000 22,232,000 17,430,000 22,071,000 45,701,000 53,424,000 44,373,000 56,738,000 39,705,000 65,662,000 30,497,000 46,833,000 58,969,000 86,262,000 57,778,000 37,351,000 
        marketable securities
      		202,925,000 204,145,000 203,674,000 209,041,000 215,874,000 217,603,000 216,605,000 218,833,000 208,078,000 215,352,000 232,400,000 229,411,000 256,458,000 253,770,000 310,694,000 309,830,000 309,694,000 30,465,000 266,739,000  
        accounts receivables
      		119,746,000 97,370,000 98,887,000 86,877,000 85,529,000 73,962,000 78,530,000 71,067,000 69,324,000 70,102,000 63,974,000 57,658,000 52,217,000 49,188,000 50,889,000 43,991,000 38,471,000 32,427,000 25,157,000 21,432,000 
        inventory
      		3,600,000 3,917,000 4,241,000 4,634,000 4,032,000 3,915,000 3,500,000 2,871,000 2,890,000 2,885,000 1,309,000 1,339,000 1,444,000 1,571,000 5,632,000 1,727,000 2,200,000 2,033,000 1,427,000 1,503,000 
        prepaid expenses
      		7,039,000 7,262,000 5,904,000 5,117,000 6,487,000 4,954,000 4,789,000 6,057,000 5,998,000 5,571,000 4,898,000 5,831,000 7,055,000 7,591,000 7,675,000 7,724,000 6,086,000 6,664,000 4,988,000 6,183,000 
        other current assets
      		9,699,000 6,954,000 7,554,000 6,090,000 7,189,000 4,874,000 4,855,000 6,508,000 9,366,000 8,897,000 10,309,000 13,825,000 15,897,000 12,273,000 4,357,000 4,118,000 917,000 297,000  26,462,000 
        total current assets
      		364,055,000 334,644,000 341,105,000 328,510,000 334,618,000 327,540,000 325,709,000 327,407,000 341,357,000 356,231,000 357,263,000 364,802,000 372,776,000 390,055,000 409,744,000 414,223,000 423,045,000 163,431,000 356,089,000 92,931,000 
        software development and property and equipment
      		69,174,000                    
        operating lease right-of-use assets
      		10,714,000 11,132,000 5,333,000 6,475,000 7,231,000 8,462,000 9,607,000 10,212,000 11,152,000 12,251,000 13,337,000 14,401,000 24,303,000 25,923,000 23,299,000 24,029,000 25,804,000 27,489,000 3,101,000 2,275,000 
        investment in unconsolidated joint venture
      		4,115,000 4,069,000 4,209,000 4,089,000 4,071,000 4,065,000 4,207,000 4,144,000 4,211,000 4,114,000 4,205,000 4,271,000 4,134,000 4,068,000 4,298,000 4,301,000 4,231,000 4,198,000   
        intangible assets
      		27,759,000 28,563,000 29,456,000 30,350,000 31,244,000 32,139,000 33,039,000 33,948,000 34,856,000 35,768,000 36,678,000 37,589,000 39,041,000 39,351,000 40,287,000 41,147,000 40,871,000 41,736,000 1,455,000 1,521,000 
        goodwill
      		263,558,000 263,801,000 263,770,000 263,771,000 263,009,000 262,686,000 262,955,000 262,798,000 262,827,000 262,915,000 262,898,000 263,002,000 262,441,000 258,036,000 259,971,000 259,971,000 255,231,000 254,672,000 833,000 833,000 
        other assets
      		888,000 880,000 459,000 2,654,000 2,693,000 412,000 368,000 467,000 489,000 471,000 459,000 427,000 385,000 413,000 382,000 627,000 511,000 773,000 204,000 285,000 
        total assets
      		740,263,000 703,720,000 698,877,000 687,041,000 690,110,000 680,129,000 678,208,000 678,626,000 692,471,000 707,387,000 700,529,000 708,482,000 724,677,000 736,925,000 754,284,000 757,741,000 761,327,000 502,586,000 370,297,000 105,483,000 
        liabilities and stockholders’ equity
      		                    
        current liabilities:
      		                    
        accounts payable and accrued cost of revenue
      		62,271,000 44,612,000 46,242,000 41,985,000 50,218,000 35,023,000               
        other accrued expenses
      		42,086,000 31,669,000 33,306,000 26,782,000 23,122,000 24,401,000               
        contract liabilities
      		12,027,000 10,319,000 11,322,000 10,205,000 9,908,000 7,948,000 8,303,000 9,047,000 9,613,000 7,357,000 9,659,000 9,999,000 9,974,000 8,509,000 10,600,000 10,725,000 10,008,000 7,863,000 3,379,000 4,252,000 
        income taxes payable
      		283,000 269,000 730,000 871,000 887,000 979,000 864,000 1,330,000 2,208,000 2,484,000 2,956,000 2,796,000 4,113,000 3,956,000 1,532,000 1,532,000 1,532,000 1,468,000   
        convertible notes, current portion
      		85,343,000                    
        operating lease liabilities, current portion
      		2,402,000 2,067,000 2,547,000 4,182,000 5,293,000 6,436,000 6,638,000 6,660,000 6,731,000 6,799,000 6,736,000 6,504,000 6,256,000 5,471,000 5,898,000 5,723,000 5,662,000 5,549,000 1,108,000 920,000 
        total current liabilities
      		204,412,000 88,936,000 94,147,000 84,025,000 89,428,000 74,787,000 70,892,000 70,513,000 78,734,000 83,195,000 67,790,000 69,027,000 64,784,000 63,803,000 65,049,000 59,780,000 53,795,000 57,037,000 27,177,000 73,382,000 
        convertible notes, net of current portion
      		242,742,000                    
        operating lease liabilities, net of current portion
      		9,303,000 9,841,000 3,965,000 4,350,000 4,523,000 5,072,000 6,729,000 7,883,000 9,345,000 10,951,000 12,675,000 14,372,000 15,500,000 16,940,000 13,513,000 14,053,000 15,518,000 16,920,000 2,197,000 1,573,000 
        deferred income taxes
      		145,000 145,000 185,000 206,000 229,000 229,000 245,000 260,000 275,000 275,000 363,000 385,000 406,000 429,000       
        other liabilities
      		492,000 547,000 547,000 549,000 804,000 817,000 819,000 287,000 288,000 778,000 1,499,000 1,382,000 1,260,000 1,011,000 1,787,000 1,789,000 1,792,000 1,678,000   
        total liabilities
      		457,094,000 426,983,000 425,787,000 415,520,000 379,077,000 364,533,000 361,848,000 361,642,000 370,876,000 376,968,000 363,632,000 366,006,000 362,325,000 362,092,000 361,322,000 356,126,000 351,148,000 77,103,000 29,374,000 74,955,000 
        commitments and contingencies
      		                    
        stockholders’ equity
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of march 31, 2026 and december 31, 2025
      		                    
        class a common stock
      		                    
        class b common stock
      		                    
        additional paid-in capital
      		723,306,000 710,925,000 698,972,000 685,986,000 694,047,000 685,054,000 674,335,000 665,555,000 656,554,000 648,317,000 641,607,000 635,267,000 628,808,000 623,081,000 617,278,000 610,331,000 602,360,000 597,641,000 490,175,000 4,315,000 
        treasury stock
      		-8,080,000 -8,080,000 -8,080,000 -8,080,000                 
        accumulated other comprehensive income
      		4,077,000 4,772,000 4,454,000 4,281,000 1,205,000 -328,000 1,282,000 464,000 381,000 855,000 442,000 359,000 159,000 28,000 -492,000 85,000 104,000 149,000 186,000 227,000 
        accumulated deficit
      		-437,283,000 -432,016,000 -423,382,000 -411,785,000 -385,351,000 -370,273,000 -360,384,000 -350,185,000 -336,488,000 -319,872,000 -306,287,000 -294,264,000 -267,710,000 -249,366,000 -224,943,000 -209,906,000 -193,353,000 -173,341,000 -149,438,000 -134,727,000 
        total stockholders’ equity
      		282,020,000 275,601,000 271,964,000 270,402,000 309,901,000 314,453,000 315,233,000 315,834,000 320,447,000 329,300,000 335,762,000 341,362,000 361,257,000 373,743,000 391,843,000 400,510,000 409,111,000 424,449,000 340,923,000  
        noncontrolling interest
      		1,149,000 1,136,000 1,126,000 1,119,000 1,132,000 1,143,000 1,127,000 1,150,000 1,148,000 1,119,000 1,135,000 1,114,000 1,095,000 1,090,000 1,119,000 1,105,000 1,068,000 1,034,000   
        total equity
      		283,169,000 276,737,000 273,090,000 271,521,000 311,033,000 315,596,000 316,360,000 316,984,000 321,595,000 330,419,000 336,897,000 342,476,000 362,352,000 374,833,000 392,962,000 401,615,000 410,179,000 425,483,000   
        total liabilities and stockholders’ equity
      		740,263,000 703,720,000 698,877,000 687,041,000 690,110,000 680,129,000 678,208,000 678,626,000 692,471,000 707,387,000 700,529,000 708,482,000 724,677,000 736,925,000 754,284,000 757,741,000 761,327,000    
        property and equipment
      		 60,631,000 54,545,000 51,192,000 47,244,000 44,825,000 42,323,000 39,650,000 37,579,000 35,637,000 25,689,000 23,990,000 21,597,000 19,079,000 16,303,000 13,443,000 11,634,000 10,287,000 8,615,000 7,638,000 
        convertible notes
      		 327,514,000 326,943,000 326,390,000 284,093,000 283,628,000 283,163,000 282,699,000 282,234,000 281,769,000 281,305,000 280,840,000 280,375,000 279,909,000 279,441,000 278,972,000 278,511,000    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of december 31, 2025 and december 31, 2024
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of september 30, 2025 and december 31, 2024
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of june 30, 2025 and december 31, 2024, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of march 31, 2025 and december 31, 2024, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of december 31, 2024 and december 31, 2023, respectively
      		                    
        accounts payable
      		      6,368,000 10,246,000 13,989,000 24,710,000 13,326,000 12,592,000 12,320,000 12,437,000 12,075,000 14,175,000 9,930,000 12,718,000 5,198,000 13,138,000 
        accrued expenses
      		      48,719,000 43,230,000 46,193,000 41,845,000 35,113,000 37,136,000 32,121,000 33,430,000 36,476,000 29,157,000 28,195,000 30,905,000 17,487,000 39,200,000 
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of september 30, 2024 and december 31, 2023, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of june 30, 2024 and december 31, 2023, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of march 31, 2024 and december 31, 2023, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of december 31, 2023 and 2022, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of september 30, 2023 and december 31, 2022, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of june 30, 2023 and december 31, 2022, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of march 31, 2023 and december 31, 2022, respectively
      		                    
        finance lease liabilities, current portion
      		                 2,000 5,000 8,000 
        long term income taxes payable
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of december 31, 2022 and 2021, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares; zero shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively
      		                    
        deferred sales commissions
      		                6,708,000 5,283,000   
        liabilities, convertible preferred stock and stockholders’ equity
      		                    
        short-term debt
      		                   15,864,000 
        convertible preferred stock
      		                    
        convertible preferred stock, 0.000001 par value...
      		                    
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares and zero shares; zero shares issued and outstanding as of december 31, 2021 and 2020, respectively
      		                    
        common stock
      		                    
        total liabilities, convertible preferred stock and stockholders’ equity
      		                 502,586,000 370,297,000 105,483,000 
        preferred stock, 0.000001 par value. authorized; 50,000,000 shares and zero shares; zero shares issued and outstanding as of september 30, 2021 and december 31, 2020, respectively
      		                    
        convertible preferred stock- seed-1, 0.000001 par value. 4,200,000 shares authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   4,200,000 
        convertible preferred stock- seed-2, 0.000001 par value. 2,188,322 shares authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   2,998,000 
        convertible preferred stock- series a-1, 0.000001 par value. 4,211,094 shares authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   8,704,000 
        convertible preferred stock- series a-2, 0.000001 par value. 1,591,230 shares authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   12,839,000 
        convertible preferred stock- series b, 0.000001 par value. 4,132,055 shares authorized and 4,044,271 issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   20,347,000 
        convertible preferred stock- series c, 0.000001 par value. 3,754,201 shares authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   26,004,000 
        convertible preferred stock- series d, 0.000001 par value. 5,494,064 authorized, issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   54,864,000 
        convertible preferred stock- series e, 0.000001 par value. 2,400,000 shares authorized and 2,275,759 shares issued and outstanding as of june 30, 2021 and december 31, 2020
      		                   30,757,000 
        stockholders’ deficit
      		                    
        total stockholders’ deficit
      		                   -130,185,000 
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
                           
          cash flows from operating activities:
        		                   
          net loss
        		-5,259,000 -8,638,000 -11,597,000 -26,437,000 -15,076,000 -9,896,000 -10,199,000 -13,704,000 -16,604,000 -10,553,000 -12,010,000 -26,559,000 -18,343,000 -24,424,000 -15,041,000 -16,549,000 -19,995,000 -23,905,000 -14,711,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                   
          depreciation and amortization
        		4,931,000 5,009,000 5,000,000 4,495,000 4,246,000 3,390,000 3,213,000 3,256,000 3,153,000 2,799,000 2,478,000 2,895,000 2,566,000 2,103,000 1,909,000 2,008,000 1,799,000 1,292,000 817,000 
          reduction in carrying amount of right-of-use asset
        		552,000 1,288,000 1,138,000 1,112,000 1,100,000 1,130,000 1,126,000 1,106,000 1,096,000 1,098,000 1,078,000 10,244,000 1,935,000 1,885,000 1,811,000 1,775,000 1,765,000 144,000 369,000 
          lease termination
        		 0 16,000 0 -30,000               
          stock-based compensation
        		8,327,000 10,377,000 10,748,000 7,895,000 7,342,000               
          income from unconsolidated joint venture
        		-86,000 54,000 -54,000 0 -90,000  -51,000 55,000 -97,000  66,000 -137,000 -66,000  3,000 -69,000 -34,000   
          donation of common stock
        		826,000 1,192,000 950,000 614,000 516,000 623,000 406,000 314,000 343,000 333,000 326,000 0 370,000 0 987,000   1,069,000  
          amortization of deferred costs on convertible notes
        		571,000 571,000 590,000 472,000 465,000 465,000 464,000 466,000 464,000 464,000 466,000 464,000 466,000 468,000 469,000 469,000 312,000   
          changes in other assets and liabilities:
        		                   
          accounts receivable
        		-22,664,000 1,561,000 -9,865,000 -147,000 -13,358,000 2,514,000 -6,970,000 -1,825,000 532,000 -5,721,000 -6,565,000 -5,504,000 -2,804,000 2,109,000 -7,199,000 -5,688,000 -6,145,000 -472,000 -3,771,000 
          inventory
        		273,000 327,000 380,000 -531,000 -41,000 -684,000 -565,000 7,000 -40,000 -1,533,000 -22,000 -128,000 133,000 4,031,000 -3,952,000 452,000 -180,000 -549,000 64,000 
          prepaid expenses
        		214,000 -1,352,000 -786,000 1,401,000 -1,519,000 -187,000 1,281,000 -62,000 -433,000 -666,000 918,000 1,232,000 185,000 168,000 -135,000 -2,216,000 567,000 55,000 1,190,000 
          other assets
        		-3,113,000 461,000 -1,174,000 1,936,000 -1,995,000 -141,000 1,761,000 3,035,000 -442,000 -1,475,000 3,941,000 1,141,000 -3,687,000 -3,094,000 -61,000 -3,499,000 -362,000 -263,000 80,000 
          accounts payable and accrued cost of revenue
        		17,657,000 -1,568,000 4,367,000 -8,687,000 15,048,000               
          other accrued expenses
        		11,014,000 -1,660,000 7,106,000 2,534,000 -540,000               
          contract liabilities
        		1,761,000 -1,019,000 1,120,000 173,000 1,877,000 -235,000 -803,000 -558,000 2,277,000 -2,582,000 -292,000 34,000 1,436,000 -2,262,000 -85,000 717,000 2,145,000 -2,678,000 -862,000 
          lease liabilities
        		-340,000 -1,690,000 -2,032,000 -1,639,000 -1,531,000 -1,843,000 -1,697,000 -1,700,000 -1,671,000 -1,675,000 -1,476,000 -1,399,000 -970,000 -1,508,000 -1,446,000 -1,404,000 -1,369,000 72,000 -383,000 
          other liabilities
        		-55,000 0 -2,000 -9,000 -13,000 -2,000              
          income taxes payable
        		14,000 -461,000 -141,000 -16,000 -92,000 115,000 -466,000 -878,000 -276,000 -472,000   157,000       
          net cash from operating activities
        		14,623,000 4,412,000 5,792,000 -427,000 -3,691,000 9,085,000 -3,634,000 -9,101,000 -11,734,000 -1,294,000 -5,976,000 -6,152,000 -16,455,000 -17,065,000 -11,314,000 -9,937,000 -24,259,000 -31,201,000 -16,810,000 
          capital expenditures
        		-10,581,000 -10,269,000 -7,436,000 -6,963,000 -5,499,000 -4,537,000 -4,810,000 -4,403,000  -6,423,000 -3,571,000 -4,306,000 -4,108,000 -4,042,000 -4,172,000 -2,893,000 -2,543,000 -1,637,000 -1,746,000 
          free cash flows
        		4,042,000 -5,857,000 -1,644,000 -7,390,000 -9,190,000 4,548,000 -8,444,000 -13,504,000  -7,717,000 -9,547,000 -10,458,000 -20,563,000 -21,107,000 -15,486,000 -12,830,000 -26,802,000 -32,838,000 -18,556,000 
          cash flows from investing activities:
        		                   
          purchases of marketable securities
        		-12,280,000 -1,971,000 -2,133,000 -2,167,000 -2,271,000 -2,498,000 -2,772,000 -10,755,000 -2,726,000 -2,952,000 -2,989,000         
          proceeds from sale of marketable securities
        		13,500,000 1,500,000 7,500,000 9,000,000 4,000,000 1,500,000 5,000,000 0 10,000,000 20,000,000 0   58,923,000 0 0 4,000   
          capitalization of software development and purchases of property and equipment
        		-10,581,000                   
          distributions in excess of earnings
        		40,000   -18,000 84,000               
          net cash from investing activities
        		-9,321,000 -10,654,000 -2,148,000 -148,000 -3,686,000 -5,445,000 -2,594,000 -15,067,000 2,927,000 10,625,000 -6,560,000 22,741,000 -10,000,000 52,706,000 -5,510,000 -3,361,000 -282,465,000 58,855,000 -268,855,000 
          cash flows from financing activities:
        		                   
          proceeds from stock options exercised
        		830,000 384,000 1,288,000 905,000 510,000 1,889,000 1,420,000 562,000 1,233,000 481,000 284,000 661,000 483,000 398,000 847,000 1,207,000 1,263,000 504,000 455,000 
          net cash from financing activities
        		830,000 384,000 460,000 1,536,000 510,000 1,424,000 1,420,000 562,000 1,233,000 -361,000 284,000 661,000 483,000 -534,000 847,000 1,199,000 279,460,000 858,000 306,108,000 
          effect of foreign currency translation on cash and cash equivalents
        		-82,000 9,000 -10,000 283,000 142,000 -262,000 167,000 -24,000 -149,000 81,000 -113,000 -217,000 15,000 58,000 -359,000 -37,000 -29,000 -28,000 -16,000 
          net increase in cash and cash equivalents
        		6,050,000                 28,484,000 20,427,000 
          cash and cash equivalents at beginning of the period
        		14,996,000  0 0 22,232,000  0 0 53,424,000      0 0 86,262,000   
          cash and cash equivalents at end of the period
        		21,046,000  4,094,000 1,244,000 15,507,000  -4,641,000 -23,630,000 45,701,000  -12,365,000 17,033,000 39,705,000  -16,336,000 -12,136,000 58,969,000   
          supplemental cash flow information:
        		                   
          cash paid for interest
        		429,000 953,000 429,000 733,000 1,438,000 0 1,437,000 0 1,438,000 0 1,437,000 0 1,438,000 0    0 248,000 
          cash paid for income taxes
        		227,000                   
          non-cash investing and financing activities:
        		                   
          stock-based compensation included in capitalized software development costs
        		2,398,000                   
          non-cash consideration in connection with business combination
        		 0 0 0 625,000     0 0 0 1,593,000       
          impairment of assets
        		 0        0 151,000 219,000 27,000 380,000      
          revaluation of contingent consideration
        		     0 0 0 137,000 266,000 118,000   383,000 0 0 434,000   
          loss on debt extinguishment
        		 0 0               0  
          loss on sale of property and equipment
        		     26,000 0   0 0 1,000 91,000 -24,000 0 0 71,000   
          inventory write-off
        		         0 0         
          deferred tax benefit
        		 -40,000 -21,000                 
          purchases of property and equipment
        		 -10,269,000 -7,449,000 -6,963,000 -5,499,000 -4,537,000 -4,810,000 -4,403,000 -4,347,000 -6,423,000 -3,571,000 -4,306,000 -4,186,000 -4,042,000 -4,172,000 -2,893,000 -2,543,000 -1,637,000 -1,877,000 
          proceeds from sale of property and equipment
        		     0 0   0 0 0 223,000 24,000 0 0 165,000   
          cash paid for business combination, net of cash acquired
        		         0 0 0 -3,349,000       
          proceeds from issuance of convertible notes
        		 0 0           0 0 0 287,500,000   
          costs incurred in connection with issuance of convertible notes
        		 0 -828,000           0 0 -8,000 -9,301,000   
          payments for repurchase of convertible notes
        		 0 0                 
          purchase of capped calls
        		 0 0                 
          purchase of treasury stock
        		 0 0                 
          payment of contingent consideration
        		                   
          net decrease in cash and cash equivalents
        		 -5,849,000 4,094,000 1,244,000 -6,725,000 4,802,000 -4,641,000 -23,630,000 -7,723,000  -12,365,000 17,033,000 -25,957,000  -16,336,000 -12,136,000 -27,293,000   
          cash and cash equivalents at beginning of the year
        		         0 0 0 65,662,000       
          cash and cash equivalents at end of the year
        		                   
          non-cash purchase of property and equipment
        		  13,000          78,000      131,000 
          gain on sale of property and equipment
        		                   
          non-cash costs incurred in connection with the issuance of convertible notes
        		                   
          loss from unconsolidated joint venture
        		                   
          losses on marketable securities
        		                   
          restructuring charges
        		                   
          payments on finance lease obligations
        		             0 0 0 -2,000 -3,000 -3,000 
          stock based compensation
        		      6,954,000 8,125,000 6,036,000 5,896,000 5,730,000 5,798,000 4,694,000 5,124,000 5,113,000 5,479,000 3,456,000 2,648,000 2,267,000 
          deferred taxes benefit
        		      -15,000   -88,000 -22,000 -21,000 -23,000 -651,000 0 0 -2,000   
          accounts payable
        		      -3,865,000 -3,779,000 -10,649,000 6,103,000 690,000 453,000 -503,000 25,000 -2,113,000 4,625,000 -2,752,000 5,615,000 -7,922,000 
          accrued expenses
        		      5,263,000 -2,921,000 4,440,000 6,421,000 -1,711,000 4,862,000 -2,119,000 -5,188,000 7,632,000 802,000 -2,843,000 -15,939,000 4,384,000 
          non-cash interest expense
        		                 0 0 
          restructuring charge
        		                   
          proceeds from life insurance
        		                   
          proceeds from initial public offering, net of underwriters' discount
        		                 0  
          payments in connection with initial public offering
        		                 317,000 -3,471,000 
          repayment of term loan
        		                 0  
          proceeds from the exercise of warrants
        		                   
          shares issued in business combinations
        		                   
          non-cash income tax benefit
        		              0 0 -559,000   
          purchase of marketable securities
        		            -2,688,000 -2,199,000 -1,338,000 -468,000 -280,091,000 -489,000  
          purchase of short-term investments
        		                   
          proceeds from short-term investments
        		                   
          cash paid for business combinations, net of cash acquired
        		                   
          proceeds from issuance of series a-2, series b, series c, series d and series e convertible preferred stock, net of issuance costs
        		                   
          repurchase of series a-2, series b, series c and series d convertible preferred stock
        		                   
          deemed dividend to preferred stockholders
        		                   
          proceeds from term loan
        		                   
          proceeds from other borrowings
        		                   
          repayment of other borrowings
        		                   
          non-cash consideration in connection with business combinations
        		                   
          unrealized loss on marketable securities
        		              469,000 332,000 858,000 1,763,000  
          non-cash investing activity:
        		                   
          impairment of long-lived assets
        		                   
          non-cash financing activity:
        		                   
          non-cash amounts incurred in connection with initial public offering
        		                   
          deferred commissions
        		                -1,425,000   
          impairment of goodwill and intangible assets
        		                   
          inventory write off
        		                   
          accretion of discount on short-term investments
        		                   
          payment on line of credit
        		                   
          cash and cash equivalents at beginning of period
        		                  0 
          cash and cash equivalents at end of period
        		                  20,427,000