v3.26.1
Segment Information
 6 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are components of an enterprise that engages in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. Our CODM is our Chief Executive Officer.

We operate as one operating and reportable segment that is managed on a consolidated basis and derives substantially all of its revenue from the sale and support of one group of similar products and services, comprised of software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The accounting policies of the Company's operating segment are the same as those described in Note 1, Nature of Business and Summary of Significant Accounting Policies to our Consolidated Financial Statements in Item 8 of our 2025 Annual Report. Our CODM does not receive profitability information at a lower level than consolidated results, and evaluates net income on a consolidated basis to set financial performance targets, assess performance, and make resource allocation decisions, primarily through comparison of actual results to forecasted results, year-over-year analysis, and review of historical performance trends. The measure of segment assets is reported on the Company's consolidated balance sheets as total consolidated assets.

The Company's significant expenses and other segment items are provided in the table below:

Three Months EndedSix Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Revenue
$253,465 $237,355 $501,264 $475,370 
Costs of revenue (1)
34,426 35,191 67,921 69,805 
Sales and marketing (2)
50,282 46,014 98,196 94,278 
Product development (2)
42,993 41,586 87,872 83,551 
General and administrative (2)
23,141 19,103 42,467 38,680 
Stock-based compensation
20,509 16,741 38,983 31,424 
Amortization of intangibles
35,105 36,600 69,473 72,830 
Other segment items, net (3)
25,936 25,091 52,466 56,827 
Net income
$21,073 $17,029 $43,886 $27,975 
(1)Excludes amortization of intangibles and stock-based compensation.
(2)Excludes stock-based compensation.
(3)Includes restructuring expenses, acquisition-related expenses, cyber vulnerability response expenses, net, interest expense, interest income and other, net, foreign currency loss, net, and provision for income taxes.