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Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
Note 15. Segment Information
The Chief Executive Officer, who functions as the chief operating decision maker (“CODM”), oversees the Company’s business activities at the consolidated level as a single operating and reportable segment. The factors used to identify the Company’s single operating segment include the organizational structure of the Company and the financial information available for evaluation by the CODM. The CODM uses consolidated net income (or loss) and operating margin to evaluate financial performance and make decisions regarding resource allocation, including setting target revenue growth and distributing the budget across cost of revenues, research and development, sales and marketing, and general and administrative expenses.
The following table presents selected financial information for the Company’s single operating segment for the three and six months ended June 30, 2026 and 2025 (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenue$657,011 $620,398 $1,301,210 $1,232,454 
Less:
Share-based compensation expense57,131 63,469 111,796 141,350 
Depreciation and amortization57,086 54,921 113,997 109,982 
Other segment items (1)
492,509 465,045 975,104 933,819 
Income from operations50,285 36,963 100,313 47,303 
Operating margin as % of revenue7.7 %6.0 %7.7 %3.8 %
Other income (expense), net
Interest expense(18,672)(16,466)(33,477)(32,581)
Other income (expense) (2)
10,638 (4,820)9,524 (3,418)
Other income (expense), net(8,034)(21,286)(23,953)(35,999)
Income before income taxes42,251 15,677 76,360 11,304 
Provision for income taxes3,136 2,484 6,627 8,439 
Net income$39,115 $13,193 $69,733 $2,865 
(1)Other segment items mainly consist of personnel costs, third-party commissions, and advertising and marketing costs.
(2)Includes interest income of $0.4 million and $0.3 million for the three months ended June 30, 2026 and 2025, respectively, and $1.0 million and $1.6 million for the six months ended June 30, 2026 and 2025, respectively.
See the condensed consolidated financial statements for other financial information regarding the Company’s operating segment.
Refer to Note 2 - Revenue in the Notes to Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q for additional information about revenue by geographic location.
Concentrations
Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company’s accounts receivable are primarily derived from sales by resellers and to direct customers. The Company maintains an allowance for doubtful accounts for estimated potential credit losses. As of June 30, 2026 and December 31, 2025, none of the Company’s customers accounted for more than 10% of the Company’s total accounts receivable. For the three and six months ended June 30, 2026 and 2025, none of the Company’s customers accounted for more than 10% of the Company’s total revenues or subscriptions revenues.
Long-lived assets by geographic location are based on the location of the legal entity that owns the asset. As of June 30, 2026 and December 31, 2025, approximately 84% and 87% of the Company’s consolidated long-lived assets were located in the U.S. No other single country outside of the U.S. represented more than 10% of the Company’s consolidated long-lived assets as of June 30, 2026 and December 31, 2025.