| Schedule of Segment Reporting Information, by Segment |
The following is the information used by the CODM in assessing segment performance: | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | | | 2026 | | 2025 | | | | | | Net revenue | $ | 165,798 | | | $ | 139,073 | | | | | | | Cost of revenue | 48,206 | | | 40,394 | | | | | | | Gross profit | 117,592 | | | 98,679 | | | | | | | Significant expenses: | | | | | | | | | Employee compensation and benefits | 58,001 | | | 60,135 | | | | | | | Share based compensation | 20,017 | | | 25,915 | | | | | | | Technology | 18,090 | | | 14,811 | | | | | | | Depreciation and amortization | 8,854 | | | 5,331 | | | | | | | Professional services | 4,631 | | | 5,695 | | | | | | Occupancy | 1,179 | | | 917 | | | | | | | Marketing and advertising | 1,160 | | | 469 | | | | | | | Other operating expenses | 3,566 | | | 3,944 | | | | | | | | | | | | | | Income (loss) from operations | 2,094 | | | (18,538) | | | | | | | Interest income | 5,363 | | | 10,487 | | | | | | Other income | 570 | | | 26 | | | | | | Income tax expense | 193 | | | 235 | | | | | | Segment and consolidated net income (loss)(1) | $ | 7,834 | | | $ | (8,260) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) The Company operates as a single reportable segment that is managed on a consolidated basis, therefore the Company’s segment net income (loss) is the same as the Company’s consolidated net income (loss).
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