Schedule of Segment Reporting Information, by Segment |
The following table summarizes financial information by reportable segment regularly provided to the CODM (in thousands): | | | | | | | | | | | | | Three Months Ended March 31, | | 2025 | | 2024 | Transaction revenue | $ | 66,853 | | | $ | 66,317 | | Subscription revenue | 116,257 | | | 107,897 | | Total revenue | 183,110 | | | 174,214 | | Less: | | | | Filings fees | 25,219 | | | 24,813 | | Other cost of revenue, excluding depreciation, amortization and stock-based compensation | 34,966 | | | 37,511 | | Customer acquisition marketing | 44,215 | | | 40,563 | | Other sales and marketing, excluding depreciation, amortization and stock-based compensation | 11,681 | | | 10,812 | | Technology and development, excluding depreciation, amortization and stock-based compensation | 15,078 | | | 16,777 | | General and administrative, excluding depreciation, amortization, stock-based compensation, and restructuring | 16,482 | | | 15,836 | | Stock-based compensation | 29,756 | | | 14,856 | | Depreciation and amortization | 10,406 | | | 7,670 | | Interest income | (1,483) | | | (2,887) | | Interest expense | 182 | | | 61 | | Restructuring(1) | 678 | | | 321 | | Other segment items(2) | (347) | | | (93) | | Provision for income taxes | 5,487 | | | 3,230 | | | | | | | | | | Gain on sale of assets held for sale | (14,337) | | | — | | Segment net income | 5,127 | | | 4,744 | | | | | | Reconciliation of profit or loss | | | | Adjustments and reconciling items | $ | — | | | $ | — | | Consolidated net income | $ | 5,127 | | | $ | 4,744 | |
(1) For 2025 and 2024, restructuring costs related to the reduction of our U.S. headcount. (2) Other segment items included in segment net income primarily consist of foreign currency gains or losses related to our intercompany loans which were denominated in British Pound Sterling, or GBP, and included in other income, net on the consolidated statements of operations.
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