v3.26.1
Segment information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Summary of Reported Segment Revenue, Segment Net Income, and Significant Segment Expences

Information about reported segment revenue, segment net income, and significant segment expenses is shown as follows:

 

 

 

Three Months Ended March 31,

 

(Dollars in thousands)

 

2026

 

 

2025

 

Revenue

 

$

25,830

 

 

$

22,003

 

Less:

 

 

 

 

 

 

Cost of revenue (exclusive of depreciation and amortization)(1)

 

 

3,819

 

 

 

3,661

 

Personnel-related expenses

 

 

8,612

 

 

 

7,693

 

Advertising, marketing and agency expenses

 

 

323

 

 

 

224

 

Provision for bad debts

 

 

149

 

 

 

62

 

Share-based compensation expense

 

 

2,035

 

 

 

1,596

 

Occupancy expenses

 

 

284

 

 

 

306

 

Professional fees(2)

 

 

1,549

 

 

 

1,051

 

Other segment items(3)

 

 

805

 

 

 

649

 

Depreciation and amortization

 

 

2,810

 

 

 

2,550

 

Interest income

 

 

(344

)

 

 

(308

)

Income tax expense

 

 

1,400

 

 

 

1,079

 

Segment net income

 

$

4,388

 

 

$

3,440

 

Consolidated net income

 

$

4,388

 

 

$

3,440

 

 

(1) Cost of revenue (exclusive of depreciation and amortization) includes certain personnel-related expenses and share-based compensation expense, which are not included in the related line items below.

 

(2) Professional fees for the three months ended March 31, 2026 included $259 of acquisition-related costs incurred in connection with due diligence of potential strategic targets. No acquisition-related costs were incurred during the three months ended March 31, 2025.

 

(3) Other segment items include primarily travel and entertainment, write-off of long-lived assets, and other selling, general and administrative expenses.