v3.26.1
Segment and geographic information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and geographic information Segment and geographic information
Operating segments are components of the Company for which separate financial information is available and is regularly reviewed and evaluated by the chief operating decision maker (“CODM”) to assess performance of each operating segment and to allocate resources. The Company’s CODM is the Chief Executive Officer (“CEO”).
The Company operates as a single operating segment engaged in delivery of various software development and hosting services to customers across its five main industry-based verticals: Retail, Finance, TMT, CPG/Manufacturing, and Healthcare and Pharma. The Company derives revenues from multiple locations; however, North America continues to be its main sales market.
The Company’s determination that it operates as a single segment is based on the financial information regularly reviewed by the CODM. The CODM assesses core operating performance and allocates operating and capital resources of the Company based on gross profit, income/(loss) from operations and net income/(loss) that are also reported on the unaudited condensed consolidated statements of income. All three metrics are used to analyze budget-to-actual variances on a monthly and quarterly basis and to decide on the allocation of operating and capital resources to a single segment or new acquisitions. Additionally, the CODM reviews operating expenses, including cost of revenues, engineering, research, and development, sales and marketing, general and administrative expenses and trade receivables at the consolidated level to manage the Company’s operations. The Company does not generate, analyze and evaluate any discrete financial information for individual verticals or sales markets as of the reporting date. The CODM does not evaluate operating performance using asset or liability information.
Geographic Information
The following table presents revenues by customer location for the three and six months ended June 30, 2026 and 2025. The Company attributes customers to respective countries based upon the location of the customer served.
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands)
United States$74,483 $71,044 $145,408 $143,682 
United Kingdom13,349 11,105 26,086 21,821 
India
4,847 3,278 8,857 5,557 
Poland3,991 3,528 7,635 6,892 
Other11,494 12,140 24,278 23,558 
Total Revenues$108,164 $101,095 $212,264 $201,510 
Long-lived assets include property and equipment, net of accumulated depreciation and amortization. Physical locations and values of the Company’s long-lived assets are summarized below:
As of
June 30,
2026		December 31,
2025
(in thousands)
Poland$5,945 $5,672 
Ukraine2,339 2,174 
Serbia2,130 2,375 
United States1,643 1,491 
Armenia1,421 1,364 
Moldova1,270 1,329 
Other3,087 3,261 
Total$17,835 $17,666