v3.25.3
Business and Geographic Segment Information (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Financial Information
The following table presents a reconciliation of Adjusted EBITDA of our reportable segments to Income from continuing operations before income taxes and equity in net income of affiliates, as reported in the Consolidated Statements of Operations:
For the three months endedFor the nine months ended
September 30, September 30,
2025202420252024
Adjusted EBITDA of reportable segments:
Mexico$25,712 $19,978 $136,087 $128,098 
Peru78,065 79,788 206,457 209,418 
Total Adjusted EBITDA of reportable segments103,777 99,766 342,544 337,516 
Reconciling items:
Corporate(8,948)(8,336)(27,888)(28,576)
Depreciation and amortization expense(19,596)(16,609)(53,333)(52,099)
Share-based compensation expense(3,765)(2,781)(9,709)(7,077)
Operating income71,468 72,040 251,614 249,764 
Interest income2,136 2,356 5,024 6,271 
Interest expense(2,605)(4,979)(8,116)(14,769)
Other income, net
171 923 960 483 
Foreign currency (loss) gain, net
(2,347)14,523 (31,122)36,367 
Loss on disposal of subsidiaries, net
— — — (3,086)
Income from continuing operations before income taxes and equity in net income of affiliates
$68,823 $84,863 $218,360 $275,030 
The following table presents significant segment expenses of our reportable segments:
For the three months endedFor the nine months ended
September 30, September 30,
2025202420252024
Mexico
Revenues$194,840 $182,517 $601,464 $615,180 
Less:
Labor costs75,854 70,245 221,936 227,673 
Lease and other facilities costs27,026 27,124 75,225 87,976 
Advertising costs19,579 17,691 46,628 43,963 
Other costs (1)
46,669 47,479 121,588 127,470 
Adjusted EBITDA$25,712 $19,978 $136,087 $128,098 
Peru
Revenues$205,345 $186,070 $558,935 $527,952 
Less:
Labor costs74,014 63,059 207,529 188,364 
Lease and other facilities costs8,383 7,358 24,261 21,943 
Advertising costs10,201 9,758 30,165 25,097 
Other costs (1)
34,682 26,107 90,523 83,130 
Adjusted EBITDA$78,065 $79,788 $206,457 $209,418 
(1) Other costs for each reportable segment include: professional services expense, technology expense, bad debt and other direct costs.

The following table presents other financial information of our reportable segments:
For the three months endedFor the nine months ended
September 30, September 30,
2025202420252024
Mexico
Depreciation and amortization expense$12,020 $9,776 $31,764 $31,180 
Expenditures for long-lived assets$12,121 $5,288 $20,521 $15,858 
Peru
Depreciation and amortization expense$7,403 $6,602 $21,045 $20,165 
Expenditures for long-lived assets$6,066 $2,649 $15,544 $18,696 
Schedule of Revenue From Customers by Geographical Area
The following table presents the total assets of our reportable segments:
September 30, 2025December 31, 2024
Assets
Mexico$1,269,422 $1,143,053 
Peru637,976 567,310 
Corporate 209,152 151,697 
Total assets$2,116,550 $1,862,060