v3.25.2
Business Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Business Segments Business Segments
An operating segment is defined as a component of an enterprise for which discrete financial information is evaluated regularly by the chief operating decision maker (“CODM”). We define the CODM as the Chief Executive Officer, as his role is to make decisions about allocating resources and assessing performance. Our business operates in one operating segment, which we have also determined to be one reporting unit for goodwill impairment testing, as all of our offerings operate on a single platform and are deployed in an identical way with our CODM evaluating our financial information, resources, and performance of these resources on a consolidated basis.
The CODM uses net loss to assess financial performance and allocate resources. The measure of segment assets is reported on our consolidated balance sheets as total assets. The CODM uses net loss to make key operating decisions, such as the allocation of budget between cost of revenue, research and development, general and administrative, and sales and marketing expenses. As of June 30, 2025 and 2024, we did not have assets located outside of the United States and international revenue recognized during the six months ended June 30, 2025 and 2024 was not material.
The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended June 30, 2025 and 2024:
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Revenue85,724 70,504 166,404 137,015 
Less:
Cost of revenue (1)
36,935 26,196 68,442 51,172 
Research and development (1)
15,332 13,697 30,234 27,562 
General and administrative (1)
9,295 11,600 20,160 20,938 
Sales and marketing (1)
11,072 11,397 22,951 24,112 
Stock-based compensation expense and related payroll tax expense9,649 10,627 19,481 21,755 
Capitalized internal-use software and intangible amortization
4,159 3,392 8,270 6,413 
Certain litigation-related expenses, net of recoveries— (8,462)— (9,834)
Interest income(4,189)(4,844)(8,386)(9,751)
Other segment items (2)
1,891 1,172 1,866 1,275 
Net income1,580 5,729 $3,386 $3,373 
(1) Amount includes depreciation from property and equipment of $0.1 million, and $0.1 million, respectively, for the three months ended June 30, 2025 and 2024, and $0.3 million, and $0.2 million, respectively, for the six months ended June 30, 2025 and 2024. Amount excludes the following as applicable: Stock-based compensation expense and related payroll tax expense; Capitalized internal-use software amortization, intangible amortization and depreciation; certain litigation-related expenses, net of recoveries; and other non-significant segment expenses, net.
(2) Other segment items also include items (as applicable) such as non-cash impairments, disposals of assets, certain transaction costs associated with the Merger, interest expense, other income (expense), net, and provision (benefit) for income taxes.