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. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 310.4 | | | $ | 306.7 | | | $ | 620.6 | | | $ | 612.4 | | | Less: | | | | | | | | Employee compensation expense(1) | 100.2 | | | 107.1 | | | 203.1 | | | 221.8 | | | Payroll tax and benefits expense | 20.3 | | | 23.9 | | | 46.0 | | | 50.6 | | | Technology expense | 17.5 | | | 15.9 | | | 35.1 | | | 30.5 | | | Marketing expense | 11.8 | | | 11.3 | | | 21.5 | | | 20.6 | | | Facilities expense | 4.4 | | | 8.3 | | | 9.8 | | | 16.5 | | | Bad debt expense | 5.4 | | | 5.6 | | | 11.3 | | | 9.9 | | | Hosting and infrastructure expense | 13.0 | | | 11.3 | | | 25.4 | | | 21.2 | | Other segment items(2) | 88.2 | | | 48.3 | | | 139.5 | | | 93.9 | | | Depreciation and amortization expense | 21.1 | | | 21.3 | | | 42.5 | | | 43.4 | | | Goodwill impairment | 650.5 | | | — | | | 650.5 | | | — | | | Interest expense, net | 14.7 | | | 10.7 | | | 28.2 | | | 20.5 | | | Gain on debt extinguishment | (11.0) | | | — | | | (11.0) | | | — | | | Other income, net | (7.2) | | | (14.0) | | | (7.1) | | | (13.1) | | | Income tax expense | 25.2 | | | 33.0 | | | 40.2 | | | 45.8 | | | Net income (loss) | $ | (643.7) | | | $ | 24.0 | | | $ | (614.4) | | | $ | 50.8 | |
__________________(1)Primarily includes employee-related salaries, bonuses, and commissions. (2)Other segment items include equity-based compensation expense.
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