v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's chief operating decision maker (“CODM”) is the Chief Executive Officer. The CODM evaluates performance of the reportable segments based on Segment Adjusted EBITDA, which is the primary measure of segment profitability. The CODM monitors actual versus forecasted results for Segment Adjusted EBITDA on a monthly basis to assess the performance of each segment and make decisions about allocating resources to each segment.

The Company manages its operations using two operating segments, which are also its reportable segments: (1) SaaS and (2) Marketing Services.

Asset information by segment is not regularly provided to the CODM and, therefore, such information is not presented.
The following tables summarize the operating results of the Company's reportable segments. The segment expense categories shown align with the segment-level information that is regularly provided to the CODM. Segment cost of services, Segment sales and marketing, Segment research and development, and Segment general and administrative expenses presented below exclude the allocation of depreciation and amortization expense, stock-based compensation expense, restructuring and integration expenses, transaction costs and other expenses, since these amounts are not reflected in the primary measure of segment profitability.

Three Months Ended June 30, 2026
(in thousands)SaaSMarketing ServicesTotal
Segment revenue$114,480 $36,248 $150,728 
Less:
Segment cost of services38,236 13,319 51,555 
Segment sales and marketing34,248 9,074 43,322 
Segment research and development6,960 — 6,960 
Segment general and administrative21,474 6,592 28,066 
Segment Adjusted EBITDA$13,562 $7,263 $20,825 

Three Months Ended June 30, 2025
(in thousands)SaaSMarketing ServicesTotal
Segment revenue$115,005 $95,465 $210,470 
Less:
Segment cost of services29,884 29,929 59,813 
Segment sales and marketing31,744 19,722 51,466 
Segment research and development7,837 — 7,837 
Segment general and administrative22,147 17,975 40,122 
Segment Adjusted EBITDA$23,393 $27,839 $51,232 

Six Months Ended June 30, 2026
(in thousands)SaaSMarketing ServicesTotal
Segment revenue$231,218 $87,194 $318,412 
Less:
Segment cost of services76,798 29,529 106,327 
Segment sales and marketing67,683 20,434 88,117 
Segment research and development17,323 — 17,323 
Segment general and administrative45,036 16,720 61,756 
Segment Adjusted EBITDA$24,378 $20,511 $44,889 
Six Months Ended June 30, 2025
(in thousands)SaaSMarketing ServicesTotal
Segment revenue$226,134 $165,707 $391,841 
Less:
Segment cost of services59,560 57,957 117,517 
Segment sales and marketing68,521 37,192 105,713 
Segment research and development16,860 — 16,860 
Segment general and administrative46,985 32,633 79,618 
Segment Adjusted EBITDA$34,208 $37,925 $72,133 
A reconciliation of the Company’s (Loss) income before income tax expense to total Segment Adjusted EBITDA is as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
(Loss) income before income tax expense$(9,464)$22,367 $(10,925)$9,884 
Interest expense7,518 8,952 14,125 18,025 
Depreciation and amortization expense10,894 10,191 20,060 21,707 
Stock-based compensation expense2,787 6,008 7,537 13,745 
Restructuring and integration expenses8,288 5,493 14,378 10,175 
Net periodic pension cost357 778 702 1,546 
Other445 (2,557)(988)(2,949)
Total Segment Adjusted EBITDA$20,825 $51,232 $44,889 $72,133 
The following table summarizes the Company's Revenue based on type of service for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
SaaS$114,480 $115,005 $231,218 $226,134 
Marketing Services
Print24,916 67,003 58,502 104,714 
Digital11,332 28,462 28,692 60,993 
Total Marketing Services36,248 95,465 87,194 165,707 
Revenue$150,728 $210,470 $318,412 $391,841 
The following table summarizes the Company's Revenue by geographic region, based on the location of the customer, for the periods indicated:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
United States$116,418 $172,134 $253,124 $318,247 
International34,310 38,336 65,288 73,594 
Revenue$150,728 $210,470 $318,412 $391,841 
Revenue from customers located in Australia was approximately 19.7% and 15.8% of total revenue for the three months ended June 30, 2026 and 2025, respectively, and 17.4% and 15.8% for the six months ended June 30, 2026 and 2025, respectively. No other individual foreign country contributed more than 10% of total revenue for the three and six months ended June 30, 2026 and 2025.