| Schedule of Segment Reporting |
The following is the information used by the CODM in assessing segment performance: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Net revenue | $ | 175,995 | | | $ | 150,392 | | | $ | 341,793 | | | $ | 289,465 | | | Cost of revenue | 54,122 | | | 46,331 | | | 102,328 | | | 86,725 | | | Gross profit | 121,873 | | | 104,061 | | | 239,465 | | | 202,740 | | | Significant expenses: | | | | | | | | | Employee compensation and benefits | 55,906 | | | 54,339 | | | 113,907 | | | 114,474 | | | Share based compensation | 22,356 | | | 27,070 | | | 42,373 | | | 52,985 | | | Technology | 18,393 | | | 16,102 | | | 36,483 | | | 30,913 | | | Depreciation and amortization | 9,696 | | | 6,653 | | | 18,550 | | | 11,984 | | | Professional services | 5,620 | | | 4,219 | | | 10,251 | | | 9,914 | | | Marketing and advertising | 1,232 | | | 711 | | | 2,392 | | | 1,180 | | Occupancy | 540 | | | 843 | | | 1,719 | | | 1,760 | | | Other operating expenses | 4,494 | | | 3,352 | | | 8,060 | | | 7,296 | | | | | | | | | | Income (loss) from operations | 3,636 | | | (9,228) | | | 5,730 | | | (27,766) | | | Interest income | 4,896 | | | 8,370 | | | 10,262 | | | 18,859 | | Other income | (460) | | | 417 | | | 107 | | | 441 | | Income tax expense | 505 | | | 206 | | | 698 | | | 441 | | Segment and consolidated net income (loss)(1) | $ | 7,567 | | | $ | (647) | | | $ | 15,401 | | | $ | (8,907) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1) The Company operates as a single reportable segment that is managed on a consolidated basis, therefore the Company’s segment net income (loss) is the same as the Company’s consolidated net income (loss).
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