Segment Reporting and Customer Concentration (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Reconciliation of Consolidated Net Income

The following table provides the significant expenses that are regularly provided to our CODM for our one segment, the required disclosable amounts that are included in consolidated net income, and a reconciliation to consolidated net income for the quarters and six months ended June 30, 2025 and 2024:


	Quarter Ended				Six Months Ended
	June 30, 2025		June 30, 2024		June 30, 2025		June 30, 2024
Revenue	$	297,128	$	290,318	$	596,581	$	585,453
Less:
Cost of revenue:
Transaction fees		25,866		24,207		53,767		49,269
All other (1)		122,626		127,922		247,859		261,245
Total cost of revenue		148,492		152,129		301,626		310,514
Research and development (1)		39,622		37,853		79,438		73,923
Selling and marketing (1)		27,202		28,390		53,875		57,589
General and administrative (1)		27,340		25,804		55,695		52,418
Restructuring and reorganization charges (1)		4,588		7,099		11,956		9,097
Stock-based compensation		8,762		9,193		17,474		17,062
Other segment items (2)		13,793		2,153		20,499		2,182
Interest expense		7,399		7,698		14,597		15,204
Income tax provision		7,663		6,170		13,024		14,168
Segment net income		12,267		13,829		28,397		33,296
Reconciliation of profit or loss:
Adjustments and reconciling items		-		-		-		-
Consolidated net income	$	12,267	$	13,829	$	28,397	$	33,296

(1)

These functional expense lines include depreciation expense, which is presented separately on our Income Statements.

(2)

Other segment items include acquisition-related costs (transaction-related costs, earn-out compensation, and amortization of acquired intangible assets), executive transition costs, interest income, loss on extinguishment of debt, and foreign currency gains/losses.