| Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product |
The Company provides information by reportable segment in the tables below (in thousands):
|
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|
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|
|
|
|
|
|
|
|
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|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Three Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
71,708 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
71,708 |
|
Consulting revenues |
|
|
5,743 |
|
|
|
14,299 |
|
|
|
— |
|
|
|
20,042 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
8,483 |
|
|
|
8,483 |
|
Total segment revenues |
|
|
77,451 |
|
|
|
14,299 |
|
|
|
8,483 |
|
|
|
100,233 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(22,805 |
) |
|
|
(6,064 |
) |
|
|
(1,296 |
) |
|
|
(30,165 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(7,088 |
) |
|
|
(7,088 |
) |
Professional services |
|
|
(1,584 |
) |
|
|
(560 |
) |
|
|
— |
|
|
|
(2,144 |
) |
Billable expenses |
|
|
(104 |
) |
|
|
(1,297 |
) |
|
|
— |
|
|
|
(1,401 |
) |
Travel and entertainment |
|
|
(763 |
) |
|
|
(96 |
) |
|
|
(134 |
) |
|
|
(993 |
) |
Software |
|
|
(421 |
) |
|
|
(13 |
) |
|
|
4 |
|
|
|
(430 |
) |
Other segment expenses (2) |
|
|
(23 |
) |
|
|
(4 |
) |
|
|
(29 |
) |
|
|
(56 |
) |
Total segment expenses |
|
|
(25,700 |
) |
|
|
(8,034 |
) |
|
|
(8,543 |
) |
|
|
(42,277 |
) |
Segment operating income (loss) |
|
$ |
51,751 |
|
|
$ |
6,265 |
|
|
$ |
(60 |
) |
|
|
57,956 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(50,411 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(2,081 |
) |
Restructuring and related costs |
|
|
|
|
|
|
|
|
|
|
|
(2,066 |
) |
Interest expense, credit loss expense, and other income |
|
|
|
|
|
|
|
|
|
|
|
(485 |
) |
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
2,913 |
|
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
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|
|
|
|
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|
|
|
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|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Three Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
77,926 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
77,926 |
|
Consulting revenues |
|
|
5,789 |
|
|
|
17,704 |
|
|
|
— |
|
|
|
23,493 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
10,240 |
|
|
|
10,240 |
|
Total segment revenues |
|
|
83,715 |
|
|
|
17,704 |
|
|
|
10,240 |
|
|
|
111,659 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(23,414 |
) |
|
|
(7,256 |
) |
|
|
(1,415 |
) |
|
|
(32,085 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(8,973 |
) |
|
|
(8,973 |
) |
Professional services |
|
|
(1,657 |
) |
|
|
(1,010 |
) |
|
|
(76 |
) |
|
|
(2,743 |
) |
Billable expenses |
|
|
(102 |
) |
|
|
(1,756 |
) |
|
|
— |
|
|
|
(1,858 |
) |
Travel and entertainment |
|
|
(628 |
) |
|
|
(130 |
) |
|
|
(50 |
) |
|
|
(808 |
) |
Software |
|
|
(354 |
) |
|
|
— |
|
|
|
(17 |
) |
|
|
(371 |
) |
Other segment expenses (2) |
|
|
(27 |
) |
|
|
(4 |
) |
|
|
(8 |
) |
|
|
(39 |
) |
Total segment expenses |
|
|
(26,182 |
) |
|
|
(10,156 |
) |
|
|
(10,539 |
) |
|
|
(46,877 |
) |
Segment operating income (loss) |
|
$ |
57,533 |
|
|
$ |
7,548 |
|
|
$ |
(299 |
) |
|
|
64,782 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(55,118 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(2,217 |
) |
Restructuring and related costs |
|
|
|
|
|
|
|
|
|
|
|
(491 |
) |
Interest expense and other income |
|
|
|
|
|
|
|
|
|
|
|
160 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
7,116 |
|
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Six Months Ended June 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
138,598 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
138,598 |
|
Consulting revenues |
|
|
10,585 |
|
|
|
28,039 |
|
|
|
— |
|
|
|
38,624 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
8,465 |
|
|
|
8,465 |
|
Total segment revenues |
|
|
149,183 |
|
|
|
28,039 |
|
|
|
8,465 |
|
|
|
185,687 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(45,984 |
) |
|
|
(13,019 |
) |
|
|
(2,631 |
) |
|
|
(61,634 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(7,088 |
) |
|
|
(7,088 |
) |
Professional services |
|
|
(4,032 |
) |
|
|
(1,291 |
) |
|
|
— |
|
|
|
(5,323 |
) |
Billable expenses |
|
|
(177 |
) |
|
|
(2,537 |
) |
|
|
— |
|
|
|
(2,714 |
) |
Travel and entertainment |
|
|
(1,209 |
) |
|
|
(171 |
) |
|
|
(160 |
) |
|
|
(1,540 |
) |
Software |
|
|
(855 |
) |
|
|
(23 |
) |
|
|
(9 |
) |
|
|
(887 |
) |
Other segment expenses (2) |
|
|
(53 |
) |
|
|
(14 |
) |
|
|
(43 |
) |
|
|
(110 |
) |
Total segment expenses |
|
|
(52,310 |
) |
|
|
(17,055 |
) |
|
|
(9,931 |
) |
|
|
(79,296 |
) |
Segment operating income (loss) |
|
$ |
96,873 |
|
|
$ |
10,984 |
|
|
$ |
(1,466 |
) |
|
|
106,391 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(102,449 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(4,162 |
) |
Goodwill impairment |
|
|
|
|
|
|
|
|
|
|
|
(10,800 |
) |
Restructuring and related costs |
|
|
|
|
|
|
|
|
|
|
|
(4,212 |
) |
Interest expense, credit loss expense, and other income |
|
|
|
|
|
|
|
|
|
|
|
(576 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(15,808 |
) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Six Months Ended June 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
146,340 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
146,340 |
|
Consulting revenues |
|
|
10,847 |
|
|
|
34,082 |
|
|
|
— |
|
|
|
44,929 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
10,266 |
|
|
|
10,266 |
|
Total segment revenues |
|
|
157,187 |
|
|
|
34,082 |
|
|
|
10,266 |
|
|
|
201,535 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(45,966 |
) |
|
|
(14,163 |
) |
|
|
(2,714 |
) |
|
|
(62,843 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(8,973 |
) |
|
|
(8,973 |
) |
Professional services |
|
|
(4,348 |
) |
|
|
(1,523 |
) |
|
|
(77 |
) |
|
|
(5,948 |
) |
Billable expenses |
|
|
(185 |
) |
|
|
(3,113 |
) |
|
|
— |
|
|
|
(3,298 |
) |
Travel and entertainment |
|
|
(1,017 |
) |
|
|
(242 |
) |
|
|
(55 |
) |
|
|
(1,314 |
) |
Software |
|
|
(731 |
) |
|
|
— |
|
|
|
(34 |
) |
|
|
(765 |
) |
Other segment expenses (2) |
|
|
(71 |
) |
|
|
(14 |
) |
|
|
(24 |
) |
|
|
(109 |
) |
Total segment expenses |
|
|
(52,318 |
) |
|
|
(19,055 |
) |
|
|
(11,877 |
) |
|
|
(83,250 |
) |
Segment operating income (loss) |
|
$ |
104,869 |
|
|
$ |
15,027 |
|
|
$ |
(1,611 |
) |
|
|
118,285 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(108,593 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(4,434 |
) |
Goodwill impairment |
|
|
|
|
|
|
|
|
|
|
|
(83,895 |
) |
Restructuring and related costs |
|
|
|
|
|
|
|
|
|
|
|
(1,998 |
) |
Interest expense, credit loss expense, other income, and loss on investments |
|
|
|
|
|
|
|
|
|
|
|
(551 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(81,186 |
) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|