v3.26.1
Segment Data
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Data Segment Data
Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance.
The Company has determined that its chief executive officer (“CEO”) is its CODM. The Company manages its operations as a single segment for the purpose of assessing and making operating decisions. The Company’s CODM allocates resources and assesses performance based upon financial information at the consolidated level. The accounting policies of the Company's single segment are the same as those described in the summary of significant accounting policies. The inter-companies balances and transactions are eliminated.
As the Company operates and reports in a single reportable segment, the Company's CODM assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets.
The CODM uses net income and other performance indicators to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the segment or into other parts of the entity, such as for acquisitions. Net income is also used to monitor budget versus actual results.
The Company manages the business activities on a consolidated basis. The Company's operating segment provides technology-enabled services and software products to its customers. The Company’s revenue consists of fees for its software products and services. The revenue is primarily generated from Americas. See item (i) - Revenue recognition under Note 2. “Summary of Significant Accounting Policies", for a description of the Company’s revenue categories.
The following table summarizes revenue by geographic area for the three months ended March 31, 2026 and 2025:
 THREE MONTHS ENDED
MARCH 31,
 20262025
(In thousands)
Revenue(1):
Americas$70,254 $71,953 
EMEA28,123 25,790 
Asia Pacific8,538 8,261 
Total$106,915 $106,004 
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(1)    Revenue is attributable to the countries based on the location of the customer.

The following table presents information about reported segment revenue, segment profit or loss, and significant segment expenses.
THREE MONTHS ENDED
MARCH 31,
20262025
 (In thousands)
Revenues$106,915 $106,004 
Less:
Employee expense-non equity61,964 59,565 
Equity-based compensation expense7,320 7,070 
Equipment and software expense4,926 3,820 
Direct cost of revenues1,924 1,717 
Professional services expense7,905 7,303 
Change in contingent consideration7,230 (179)
Depreciation and amortization19,089 18,614 
Other segment expense (income)*(441)(1,254)
Interest expense4,941 4,806 
Income tax expense (benefit)820 (201)
Segment net income (loss)$(8,763)$4,743 
Reconciliation of profit or loss
Adjustments and reconciling items— — 
Consolidated net income (loss)$(8,763)$4,743 
* Other segment expense (income) items included in segment net income include facilities related expense, marketing, travel, insurance, foreign currency exchange gains and losses, and other overhead expense.