v3.25.2
Revenues (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of revenue
The following table shows the disaggregation of the Company’s revenues by major customer location. Revenues are attributed to geographic regions based upon location of the customer served irrespective of the location billed, or the location of the delivery center performing the work. Substantially all of the revenue in our North America region relates to operations in the United States.
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Customer Location(in thousands)
North America$71,086 $69,339 $143,770 $133,079 
Europe20,855 11,606 39,818 25,008 
Other9,154 2,092 17,922 4,767 
Total Revenues$101,095 $83,037 $201,510 $162,854 
The following table shows the disaggregation of the Company’s revenues by main vertical markets:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Vertical(in thousands)
Retail$29,557 $26,779 $61,078 $51,408 
Finance25,386 12,566 50,414 22,809 
Technology, Media and Telecom25,188 23,228 48,790 47,261 
CPG/Manufacturing(1)
10,604 9,843 21,375 19,402 
Healthcare and Pharma
2,556 3,158 4,961 6,167 
Other7,804 7,463 14,892 15,807 
Total Revenues$101,095 $83,037 $201,510 $162,854 
__________________________
(1)CPG stands for Consumer Packaged Goods.
The following table shows the disaggregation of the Company’s revenues by contract types:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Contract Type(in thousands)
Time-and-material$93,827 $78,206 $186,245 $153,026 
Fixed-fee6,683 4,246 14,045 8,658 
Other revenues585 585 1,220 1,170 
Total Revenues$101,095 $83,037 $201,510 $162,854 
Contract balances
The Company’s contract balances as of the below dates were as follows:
As of
June 30,
2025		December 31, 2024December 31, 2023
(in thousands)
Trade receivable, net:
Billed receivable
$71,916 $64,754 $49,824 
Unbilled receivable
$5,811 $4,617 $3,735 
Contract liabilities in Accrued expenses and other current liabilities
$753 $2,690 $577 
Customers concentration
The following table shows the amount of revenue derived from each customer exceeding 10% of the Company’s revenue:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Customer 115.1 %16.7 %14.7 %16.7 %
The following table shows the number of customers exceeding 10% of the Company’s billed and unbilled receivable balances:
As of
June 30,
2025		December 31,
2024
Billed receivable
11
Unbilled receivable21