v3.26.1
SEGMENT AND GEOGRAPHICAL INFORMATION
6 Months Ended
Jun. 30, 2026
SEGMENT AND GEOGRAPHICAL INFORMATION  
SEGMENT AND GEOGRAPHICAL INFORMATION

NOTE 9—SEGMENT AND GEOGRAPHICAL INFORMATION

The Company operates as one reportable segment consisting primarily of fact-based sourcing advisory services. The Company operates principally in the Americas, Europe and Asia Pacific.

The Company’s Chief Operating Decision Maker (the “CODM”) is our Chairman of the Board of Directors (the “Board”) and Chief Executive Officer, Michael Connors. The CODM uses net income as presented on our consolidated statements of income and comprehensive income in evaluating performance and determining how to allocate resources of the Company as a whole.

Geographical revenue information for the segment is as follows:

Three Months Ended

Six Months Ended

June 30,

June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

Revenues

Americas

$

42,136

$

39,480

$

81,950

$

80,482

Europe

 

18,268

 

16,637

 

35,552

 

30,432

Asia Pacific

 

5,084

 

5,448

 

9,169

 

10,234

$

65,488

$

61,565

$

126,671

$

121,148

The segregation of revenues by geographic region is based upon the location of the legal entity performing the services. The Company does not measure or monitor gross profit or operating income by geography or any other measure or metric, other than consolidated, for the purposes of making operating decisions or allocating resources.

The following table represents a breakdown of net income that is used to help determine how resources are allocated:

Three Months Ended

Six Months Ended

June 30,

June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

2026

  ​ ​ ​

2025

Revenue

  ​ ​ ​

$

65,488

  ​ ​ ​

$

61,565

$

126,671

  ​ ​ ​

$

121,148

Less:

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Compensation expense

 

41,957

 

40,560

 

81,089

 

80,548

Contract labor

1,491

4,470

6,631

8,749

Third-party costs

 

550

 

452

 

1,144

 

971

Travel and entertainment

2,651

2,576

5,345

4,952

Professional fees

1,718

1,776

3,699

3,670

Computer expense

1,258

1,255

2,508

2,378

Restructuring costs

257

332

682

715

Other segment expenses (1)

8,692

4,314

12,596

8,834

Depreciation and amortization

1,057

1,165

2,104

2,270

Interest income

(27)

(37)

(59)

(92)

Interest expense

897

1,046

1,774

2,102

Foreign currency transaction (gain) loss

(254)

96

(406)

93

Income tax provision

1,943

1,377

3,550

2,287

Net income

$

3,298

$

2,183

$

6,014

$

3,671

(1)  Other segment expenses include communication, occupancy, marketing, stock-based compensation, acquisition and disposition and other overhead expenses.