v3.25.2
SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
The Company operates under one reportable segment which contains our residential, commercial, and termite and ancillary service offerings. The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM uses net income to assess financial performance and allocate resources. This financial metric is used by the CODM to make key operating decisions, such as the determination of the rate of growth investments and the allocation of budget between cost categories. The measure of segment assets is reported on the condensed consolidated statements of financial position as total consolidated assets.
The following table presents selected financial information with respect to the Company’s single reportable segment:


Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202420252024
Revenue$999,527 $891,920 $1,822,031 $1,640,269 
Less:
Cost of services provided (exclusive of depreciation and amortization below):
Employee expenses298,354 268,043 560,077 506,572 
Materials and supplies59,500 57,047 107,991 101,833 
Insurance and claims20,734 15,034 37,258 32,678 
Fleet expenses41,834 34,653 78,691 65,351 
Other cost of services provided (1)
41,439 35,508 77,978 69,409 
Total cost of services provided (exclusive of depreciation and amortization below)$461,861 $410,285 $861,995 $775,843 
Sales, general and administrative:
Selling and marketing expenses140,177 125,449 238,428 208,360 
Administrative employee expenses89,303 79,417 170,783 155,195 
Insurance and claims12,939 9,088 22,943 19,614 
Fleet expenses10,443 9,195 19,846 16,960 
Other sales, general and administrative (2)
54,734 48,398 106,109 94,475 
Total sales, general and administrative$307,596 $271,547 $558,109 $494,604 
Depreciation and amortization31,737 27,711 60,946 55,021 
Interest expense, net7,380 7,775 13,176 15,500 
Other (income) expense, net(292)(412)(984)(351)
Income tax expense49,756 45,617 82,052 75,861 
Net income$141,489 $129,397 $246,737 $223,791 

1) Other cost of services provided includes facilities costs, professional services, maintenance and repairs, software license costs, and other expenses directly related to providing services.
2) Other sales, general and administrative includes facilities costs, professional services, maintenance and repairs, software license costs, bad debt expense, and other administrative expenses.

See the consolidated financial statements for other financial information regarding the Company’s reportable segment. See Note 4, Revenue for further information on revenue.

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized in the condensed consolidated statements of financial position were located as follows:

June 30,
2025		December 31,
2024
(in thousands)
United States$506,544 $503,767 
International41,886 35,546