v3.26.1
SEGMENT AND GEOGRAPHIC INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
Segment Information
The Company operates under one reportable segment which contains our residential, commercial, and termite and ancillary service offerings. The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM uses net income to assess financial performance and allocate resources. This financial metric is used by the CODM to make key operating decisions, such as the determination of the rate of growth investments and the allocation of budget between cost categories. The measure of segment assets is reported on the condensed consolidated statements of financial position as total consolidated assets.
The following table presents selected financial information with respect to the Company’s single reportable segment:


Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Revenue$1,078,576 $999,527 $1,985,000 $1,822,031 
Less:
Cost of services provided (exclusive of depreciation and amortization below):
Employee expenses328,787 298,354 618,509 560,077 
Materials and supplies66,339 59,500 119,556 107,991 
Insurance and claims21,932 20,734 43,079 37,258 
Fleet expenses46,959 41,834 89,131 78,691 
Other cost of services provided (1)
44,613 41,439 83,877 77,978 
Total cost of services provided (exclusive of depreciation and amortization below)$508,630 $461,861 $954,152 $861,995 
Sales, general and administrative:
Selling and marketing expenses151,967 140,177 263,966 238,428 
Administrative employee expenses95,733 89,303 185,482 170,783 
Insurance and claims13,239 12,939 25,822 22,943 
Fleet expenses11,775 10,443 22,037 19,846 
Other sales, general and administrative (2)
62,263 54,734 120,588 106,109 
Total sales, general and administrative$334,977 $307,596 $617,895 $558,109 
Depreciation and amortization33,610 31,737 66,108 60,946 
Interest expense, net9,391 7,380 18,242 13,176 
Other expense (income), net2,214 (292)1,751 (984)
Income tax expense45,844 49,756 75,104 82,052 
Net income$143,910 $141,489 $251,748 $246,737 

1) Other cost of services provided includes facilities costs, professional services, maintenance and repairs, software license costs, and other expenses directly related to providing services.
2) Other sales, general and administrative includes facilities costs, professional services, maintenance and repairs, software license costs, bad debt expense, and other administrative expenses.

See the condensed consolidated financial statements for other financial information regarding the Company’s reportable segment. See Note 4, Revenue for further information on revenue.

Geographic Information

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized in the condensed consolidated statements of financial position were located as follows:

(in thousands)June 30,
2026		December 31,
2025
United States$487,117 $504,593 
International47,708 46,122