| Segment Reporting |
The Company’s revenue, significant expenses and net income for its consolidated segment are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | ($ in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 393,776 | | | $ | 269,217 | | | $ | 764,137 | | | $ | 531,624 | | | Less: | | | | | | | | Costs of revenue(1) | 254,034 | | | 174,068 | | | 492,160 | | | 344,888 | | Sales and marketing(1) | 48,579 | | | 36,177 | | | 94,810 | | | 74,992 | | General and administrative(1) | 26,543 | | | 18,723 | | | 52,351 | | | 38,269 | | | Interest income | (3,638) | | | (2,410) | | | (6,850) | | | (4,345) | | | Interest expense | 205 | | | 229 | | | 418 | | | 465 | | | Depreciation and amortization | 11,074 | | | 9,827 | | | 21,801 | | | 19,318 | | | Income tax expense (benefit) | 20,366 | | | (115,017) | | | 39,932 | | | (109,952) | | Other segment items(2) | 7,318 | | | 118,790 | | | 14,009 | | | 127,948 | | Consolidated net income | $ | 29,295 | | | $ | 28,830 | | | $ | 55,506 | | | $ | 40,041 | |
_____________________________________(1) Excludes share-based compensation expense. (2) Other segment items include share-based compensation expense and change in tax receivable agreement liability.
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