v3.26.1
Segment and Geographic Area Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Area Information Segment and Geographic Area Information
Under ASC 280 Segment Reporting, operating segments are defined as components of an entity about which separate financial information is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company operates in one operating segment and has only one reportable segment. The Company’s chief operating decision maker is the Chief Executive Officer, who makes operating decisions, assesses performance and allocates resources on a consolidated basis. All of the Company’s principal operations and decision-making functions are located in the United States.
The key measure of segment profit or loss that the CODM uses to allocate resources and in assessing performance is the Company’s consolidated net income, as reported on the Condensed Consolidated Statements of Operations. The CODM uses net income to monitor actual results against budgeted and prior period operating results for the purpose of evaluating operational efficiency, and to evaluate income generated from the assets in making strategic decisions on organizational resource allocation, as well as to benchmark segment performance against industry competitors.
The CODM manages the business using consolidated expense information. The following table sets forth the Company's reported segment revenue, segment profit or loss, and significant segment expenses:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands)
Revenues$182,175 $164,062 $357,813 $323,961 
Less: Significant segment expenses
Cost of revenues (exclusive of stock-based compensation and amortization of intangible assets)27,664 26,258 54,953 52,454 
Research and development (exclusive of stock-based compensation and amortization of intangible assets)26,174 25,286 50,586 49,336 
Sales and marketing (exclusive of stock-based compensation)37,312 32,727 71,883 62,187 
General and administrative (exclusive of stock-based compensation)9,671 9,699 18,172 18,677 
Add: Other segment items (1)(1,080)999 (3,151)1,316 
Less: Stock-based compensation18,813 18,046 38,153 36,866 
Less: Amortization of intangible assets639 639 1,279 1,279 
Add: Interest income6,241 6,407 12,417 12,642 
Less: Income tax provision14,658 11,523 29,005 22,296 
Condensed consolidated net income$52,405 $47,290 $103,048 $94,824 

(1)Other segment items included in segment net income includes interest expense, realized and unrealized gain/loss on foreign exchange transactions, and impairment of non-marketable securities.
Revenue by geographic area, based on the customer's billing address, is as follows:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
(in thousands)(in thousands)
United States$100,273 $92,793 $197,033 $184,020 
Foreign81,902 71,269 160,780 139,941 
Total revenues$182,175 $164,062 $357,813 $323,961 
The measure of segment assets is reported on the balance sheet as total consolidated assets. Long-lived assets, which consist of Property and equipment, net and Operating leases - right of use asset, by geographic area, are as follows:
June 30,
2026		December 31,
2025
(in thousands)
United States$50,829 $50,183 
India18,189 16,937 
Rest of world1,757 2,047 
Total long-lived assets$70,775 $69,167