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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 as one operating segment. Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the chief operating decision maker (the “CODM”) in deciding how to allocate resources and assess performance. The CODM assesses the performance of the Company and decides how to allocate
resources based on consolidated net income, which is identical to the information presented in the accompanying Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. The measure of segment assets is reported in the Unaudited Condensed Consolidated Balance Sheets as total assets. Additional information on segment information is included in Note 13 to the Company’s Consolidated Financial Statements for the year ended December 31, 2025, included in Part II, Item 8 of the 2025 Form 10-K.

The following table presents selected financial information with respect to 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$111,075 $104,114 $216,548 $208,318 
Less:
Cost of revenue, adjusted
Employee compensation and benefits (a)
24,638 25,084 50,045 50,125 
Engineering consulting costs7,950 6,609 15,547 12,754 
Administrative allocations4,897 4,273 10,060 8,535 
All other costs (b)
5,295 4,667 9,714 9,225 
Total cost of revenue, adjusted42,780 40,633 85,366 80,639 
Sales and marketing, adjusted (c)
41,719 36,992 79,508 70,321 
General and administrative, adjusted (c)
15,288 14,770 30,977 30,258 
Research and development, adjusted (a)
1,085 — 1,630 — 
Stock-based compensation expense2,660 2,873 5,321 5,575 
Depreciation and amortization expense1,004 858 1,999 1,789 
Reorganization costs166 722 573 1,184 
Litigation costs and related recoveries, net— (33,932)— (32,007)
Interest expense1,130 1,629 2,381 3,304 
Other (income) expenses, net284 (1,232)1,524 (1,155)
Income taxes2,561 10,543 3,510 14,802 
Segment net income2,398 30,258 3,759 33,608 
Reconciliation of profit
Adjustments and reconciling items— — — — 
Consolidated net income $2,398 $30,258 $3,759 $33,608 

(a) Adjusted to exclude stock-based compensation expense.
(b) Adjusted to exclude depreciation and amortization expense.
(c) Adjusted to exclude stock-based compensation expense as well as depreciation and amortization expense.
Geographic Information

The Company attributes revenues to geographic regions based on the location of its clients. The following table shows revenues by geographic region (in thousands):
Three Months Ended
June 30,		Six Months Ended June 30,
 2026202520262025
United States of America$48,361 $49,163 $95,253 $99,258 
International62,714 54,951 121,295 109,060 
Total$111,075 $104,114 $216,548 $208,318 
 
For the three months ended June 30, 2026 and 2025, Japan represented approximately 11% and 12% of total revenue, respectively. For the six months ended June 30, 2026 and 2025, Japan represented approximately 11% and 11% of total revenue, respectively.

No clients represented more than 10% of revenue for the three and six months ended June 30, 2026 and 2025. As of June 30, 2026 and December 31, 2025, no clients accounted for more than 10% of total net accounts receivable.

The Company tracks its assets by physical location. The following shows the net carrying value of the Company’s property and equipment by geographic region (in thousands):

 June 30, 2026December 31, 2025
United States of America$6,388 $6,396 
Brazil2,058 2,326 
India464 592 
Rest of World705 925 
Total property and equipment, net$9,615 $10,239 

The operating lease ROU assets by geographic region were as follows (in thousands):

 June 30, 2026December 31, 2025
India$14,475 $15,124 
United States of America2,395 2,948 
Brazil861 967 
Malaysia852 1,009 
Rest of World1,112 1,323 
Total operating lease right-of-use assets$19,695 $21,371