Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Reconciliation of Segment Information to the Totals Reported in the Accompanying Consolidated Financial Statements

The tables below set forth information about the Company’s operating segments for the three months ended March 31, 2026 and 2025, along with the items necessary to reconcile the segment information to the totals reported in the accompanying condensed consolidated financial statements.


	Three Months Ended March 31, 2026
(In thousands, except percentages)	Cybersecurity			Digital Agreements			Corporate and Other		Total
Revenue	$	48,546		$	17,401		$	—	$	65,947
Cost of goods sold	12,640			4,793			—		17,433
Gross profit	35,906			12,608			—		48,514

Gross margin	74		%	72		%	*		74		%

Sales and marketing	8,489			3,433			757		12,679
Research and development	5,941			2,820			317		9,078
Other segment items (1)(3)	691			1,073			10,176		11,940
Operating income (loss) (2)(4)	20,785			5,282			(11,250)		14,817

Interest (expense) income, net									(19)
Other income (expense), net									(386)
Income before income taxes									$	14,412


	Three Months Ended March 31, 2025
(In thousands, except percentages)	Cybersecurity			Digital Agreements			Corporate and Other		Total
Revenue	$	47,713		$	15,653		$	—	$	63,366
Cost of goods sold	11,628			4,647			—		16,275
Gross profit	36,085			11,006			—		47,091

Gross margin	76		%	70		%	*		74		%

Sales and marketing	6,872			3,402			1,183		11,457
Research and development	4,919			3,006			3		7,928
Other segment items (1)(3)	134			1,231			9,159		10,524
Operating income (loss) (2)(4)	24,160			3,367			(10,345)		17,182

Interest (expense) income, net									692
Other income (expense), net									(9)
Income before income taxes									$	17,865

*Percentage not meaningful.

(1) Cybersecurity other segment items includes general and administrative expense, write-off of assets and amortization of intangibles for the three months ended March 31, 2026. Cybersecurity other segment items includes general and administrative expense, restructuring and other related charges for the three months ended March 31, 2025.

(2) Cybersecurity operating income includes $0.7 million and $0.2 million of total amortization and depreciation expense for the three months ended March 31, 2026 and 2025, respectively. Cybersecurity operating income also includes $0.3 million related to write-off of assets for the three months ended March 31, 2026. There were no write-off of assets for the three months ended March 31, 2025. Cybersecurity operating income includes $0.2 million of restructuring and other related charges for the three months ended March 31, 2025.

(3) Digital Agreements other segment items includes general and administrative expense and amortization of intangibles for the three months ended March 31, 2026. Digital Agreements other segment items includes general and administrative expense, restructuring and other related charges for the three months ended March 31, 2025.

(4) Digital Agreements operating income includes $2.2 million and $1.7 million of total amortization and depreciation expense for the three months ended March 31, 2026 and 2025, respectively. Digital Agreements operating income includes $0.2 million of restructuring and other related charges for the three months ended March 31, 2025.

Schedule of Disaggregation of Revenues by Category and Services

The following tables illustrate the disaggregation of revenues by category and services, including a reconciliation of the disaggregated revenues to revenues from the Company’s two reportable operating segments for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026				2025
(In thousands)	Cybersecurity		Digital Agreements		Cybersecurity		Digital Agreements
Subscription (1)	$	35,312	$	17,355	$	33,123	$	15,569

Perpetual maintenance and services	2,647		46		3,527		84
Hardware products	10,587		—		11,063		—
Total Revenue	$	48,546	$	17,401	$	47,713	$	15,653

(1) Cybersecurity and Digital Agreements Subscription revenue during the three months ended March 31, 2025 includes $5.1 million and less than $0.1 million, respectively, of term maintenance that has been reclassified from maintenance and services to align with the revised presentation of revenue described in Note 4 below.