v3.25.2
Segment Information and Geographic Data
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information and Geographic Data

15. Segment Information and Geographic Data

The Company provides a customer platform that helps businesses connect and grow better. The Company generates revenue from subscriptions to its customer platform and related professional services and other revenue consisting mainly of customer on-boarding, training and consulting services and Commerce Hub.

The Company operates as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the CODM, which is the Company’s chief executive officer, in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information and resources and assesses the performance of these resources on a consolidated basis. There is no expense or asset information supplemental to those disclosed in these consolidated financial statements that is regularly provided to the CODM. The allocation of resources and assessment of performance of the operating segment is based on consolidated net loss as shown in the consolidated statements of operations. The CODM considers net loss in the annual forecasting process and reviews actual results when making decisions about allocating resources. Since the Company operates as one operating segment, financial segment information, including profit or loss and asset information, can be found in the consolidated financial statements.

 

Geographic information

Revenues by geographical region:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

 

 

 

 

 

 

Americas

 

$

457,316

 

 

$

386,325

 

 

$

895,787

 

 

$

760,872

 

Europe

 

 

243,930

 

 

 

199,673

 

 

 

463,597

 

 

 

392,795

 

Asia Pacific

 

 

59,620

 

 

 

51,232

 

 

 

115,619

 

 

 

100,977

 

Total

 

$

760,866

 

 

$

637,230

 

 

$

1,475,003

 

 

$

1,254,644

 

Percentage of revenues generated outside of the Americas

 

 

40

%

 

 

39

%

 

 

39

%

 

 

39

%

Revenue derived from customers outside the United States (international) was approximately 48% of total revenue in the three months ended June 30, 2025, 47% in the six months ended June 30, 2025, and 47% in the three and six months ended June 30, 2024. Revenues of Americas attributed to the United States were 96% in the three months ended June 30, 2025, 97% in the six months ended June 30, 2025, 95% in the three months ended June 30, 2024, and 96% in the six months ended June 30, 2024. Revenues of Europe attributed to Ireland were 51% in the three months ended June 30, 2025, 52% in the six months ended June 30, 2025, 47% in the three months ended June 30, 2024, and 48% in the six months ended June 30, 2024.

Total long-lived assets by geographical region:
 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

(in thousands)

 

Americas

 

$

236,725

 

 

$

231,984

 

Europe

 

 

99,241

 

 

 

93,288

 

Asia Pacific

 

 

10,041

 

 

 

5,123

 

Total long-lived assets

 

$

346,007

 

 

$

330,395

 

Percentage of long-lived assets held outside of the Americas

 

 

32

%

 

 

30

%

 

Long-lived assets of Americas attributed to the United States were 97% as of June 30, 2025 and December 31, 2024. Long-lived assets of Europe attributed to Ireland were 81% as of June 30, 2025 and 80% as of December 31, 2024.