v3.25.2
Segment and geographic information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and geographic information Segment and geographic information
Operating segments are components of the Company for which separate financial information is available and is regularly reviewed and evaluated by the chief operating decision maker (“CODM”) to assess performance of each operating segment and to allocate resources. The Company’s CODM is the Chief Executive Officer (“CEO”).
The Company operates as a single operating segment engaged in delivery of various software development and hosting services to customers across its five main industry-based verticals: Retail, Finance, TMT, CPG/Manufacturing, and Healthcare and Pharma. The Company derives revenues from multiple locations; however, North America continues to be its main sales market.
The Company’s determination that it operates as a single segment is based on the financial information regularly reviewed by the CODM. The CODM assesses core operating performance and allocates operating and capital resources of the Company based on gross profit, income/(loss) from operations and net income/(loss) that are also reported on the unaudited condensed consolidated statements of income/(loss) and comprehensive income/(loss). All three metrics are used to analyze budget-to-actual variances on a monthly and quarterly basis and to decide on the allocation of operating and capital resources to a single segment or new acquisitions. Additionally, the CODM reviews operating expenses, including cost of revenues, engineering, research, and development, sales and marketing, general and administrative expenses and trade receivables at the consolidated level to manage the Company’s operations. The Company does not generate, analyze and evaluate any discrete financial information for individual verticals or sales markets as of the reporting date. The CODM does not evaluate operating performance using asset or liability information.
Geographic Information
The following table presents revenues by customer location for the three and six months ended June 30, 2025 and 2024. The Company attributes customers to respective countries based upon the location of the customer served.
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
(in thousands)
United States$71,044 $68,968 $143,682 $132,477 
United Kingdom11,105 4,201 21,821 9,710 
Poland3,528 877 6,892 1,727 
India
3,278 147 5,557 712 
Other12,140 8,844 23,558 18,228 
Total Revenues$101,095 $83,037 $201,510 $162,854 
Long-lived assets include property and equipment, net of accumulated depreciation and amortization. Physical locations and values of the Company’s long-lived assets are summarized below:
As of
June 30,
2025		December 31,
2024
(in thousands)
Poland$4,452 $3,010 
Serbia2,392 2,350 
Ukraine2,044 2,067 
United States1,574 2,101 
Moldova1,228 808 
India1,196 1,098 
Other3,374 2,584 
Total$16,260 $14,018