v3.25.2
Segment Data
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Data Segment Data
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance.
The Company has determined that its chief executive officer (“CEO”) is its CODM. The Company manages its operations as a single segment for the purpose of assessing and making operating decisions. The Company’s CODM allocates resources and assesses performance based upon financial information at the consolidated level. The accounting policies of the Company's single segment are the same as those described in the summary of significant accounting policies. The inter-companies balances and transactions are eliminated.
As the Company operates and reports in a single reportable segment, the Company's CODM assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.
The CODM uses net income and other performance indicators to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the segment or into other parts of the entity, such as for acquisitions. Net income is also used to monitor budget versus actual results.
The Company manages the business activities on a consolidated basis. The Company's operating segment provides technology-enabled services and software products to its customers. The Company’s revenue consists of fees for its software products and services. The revenue is primarily generated from Americas. See item (i) - Revenue recognition under Note 2. “Summary of Significant Accounting Policies", for a description of the Company’s revenue categories.
The following table summarizes revenue by geographic area for the three and six months ended June 30, 2025 and 2024:
 THREE MONTHS ENDED
JUNE 30,		SIX MONTHS ENDED
JUNE 30,
 2025202420252024
(In thousands)
Revenue(1):
Americas$72,995 $69,619 $144,948 $138,784 
EMEA23,362 17,245 49,152 38,088 
Asia Pacific8,213 6,449 16,474 13,095 
Total$104,570 $93,313 $210,574 $189,967 
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(1)    Revenue is attributable to the countries based on the location of the customer.

The following table presents information about reported segment revenue, segment profit or loss, and significant segment expenses.

THREE MONTHS ENDED
JUNE 30,		SIX MONTHS ENDED
JUNE 30,
2025202420252024
 (In thousands)
Revenues$104,570 $93,313 $210,574 $189,967 
Less:
Employee expense-non equity59,959 58,627 119,524 113,658 
Equity-based compensation expense8,245 9,783 15,315 18,856 
Equipment and software expense4,514 3,517 8,334 6,967 
Direct cost of revenues1,972 1,092 3,689 2,302 
Professional services expense7,288 5,945 14,591 12,599 
Change in fair value of contingent consideration(5,722)2,783 (5,901)5,661 
Depreciation and amortization18,818 16,597 37,432 33,025 
Other segment expense*(1,557)1,660 (2,811)3,273 
Interest expense4,802 5,578 9,608 11,329 
Income tax expense8,219 305 8,018 (446)
Segment net income$(1,968)$(12,574)$2,775 $(17,257)
Reconciliation of profit or loss
Adjustments and reconciling items— — — — 
Consolidated net income$(1,968)$(12,574)$2,775 $(17,257)
* Other segment expense items included in segment net income include facilities related expense, marketing, travel, insurance, foreign currency exchange gains and losses, and other overhead expense.