v3.26.1
Segment Information and Information about Geographic Areas
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information and Information about Geographic Areas
Note 14. Segment Information and Information about Geographic Areas
We operate in a single reportable operating segment, providing product subscriptions and professional services to our customers. The operating segment’s accounting policies are consistent with those described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2025. Our chief operating decision maker (“CODM”) is our Chief Executive Officer. One of the measures of profit or loss that is used by our CODM to assess performance and allocate resources is consolidated net income, as reported in the unaudited condensed consolidated statements of operations. Consolidated net income is used by our CODM in monitoring actual versus budgeted results as well as in benchmarking against our competitors, which are used in assessing performance of the segment.
The following table includes segment revenue, segment profit or loss, significant segment expenses and other segment expenses for the three months ended March 31, 2026 and 2025 (in thousands):
Three Months Ended March 31,
20262025
Total revenue$209,691 $210,253 
Adjusted total cost of revenue(1)
58,610 52,793 
Adjusted research and development(1)
39,948 37,502 
Adjusted sales and marketing(1)
73,792 71,507 
Adjusted general and administrative(1)
12,909 16,098 
Other segment expense, net(2)
23,302 30,248 
Net income$1,130 $2,105 
(1) Adjusted total cost of revenue excludes the impact of stock-based compensation expense and amortization of acquired intangible assets. Adjusted research and development excludes the impact of stock-based compensation expense. Adjusted sales and marketing excludes the impact of stock-based compensation and amortization of acquired intangible assets. Adjusted general and administrative excludes the impact of stock-based compensation, amortization of acquired intangible assets and acquisition-related expenses.
(2) Other segment expenses include stock-based compensation expense, amortization of acquired intangible assets, acquisition-related expenses, discrete tax benefit, interest income, interest expense, other income (expense) and provision for income taxes. See the unaudited condensed consolidated financial statements for other financial information regarding our operating segment.
Property and equipment, net by geographic area was as follows (in thousands):
As of March 31, 2026As of December 31, 2025
United States$16,888 $18,243 
Rest of World13,604 13,747 
Total$30,492 $31,990