v3.26.1
Geographic and segment information:
6 Months Ended
Jun. 30, 2026
Geographic and segment information:  
Geographic and segment information:
9.Geographic and segment information:

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing the Company’s performance. The Company’s Chief Executive Officer and Chairman, David Schaeffer is the Company’s CODM. The Company has one operating segment. The consolidated operating segment financial information regularly reviewed by the CODM, inclusive of assets, revenue, expenses, profit or loss, and noncash items are included in the Condensed Consolidated Statements of Comprehensive Income (Loss), Condensed Consolidated Balance Sheets, and Condensed Consolidated Statements of Cash Flows.

Revenues are attributed to regions based on where the services are provided. Below are the Company’s service revenues and long-lived assets by geographic region - including property plant and equipment and excluding intangible assets (in thousands):

Three Months Ended June 30, 2026

Revenues

  ​ ​ ​

On-net

  ​ ​ ​

Off-net

  ​ ​ ​

Wavelength

  ​ ​ ​

Non-core

  ​ ​ ​

Total

North America

$

100,488

$

79,211

$

14,473

$

814

$

194,986

Europe

 

25,970

4,289

316

34

30,609

South America

2,506

132

6

2,644

Oceania

6,263

855

42

6

7,166

Africa

141

13

154

Total

$

135,368

$

84,487

$

14,831

$

873

$

235,559

Three Months Ended June 30, 2025

Revenues

  ​ ​ ​

On-net

  ​ ​ ​

Off-net

  ​ ​ ​

Wavelength

  ​ ​ ​

Non-core

  ​ ​ ​

Total

North America

$

100,102

$

95,842

$

8,814

$

2,605

$

207,363

Europe

25,174

5,087

231

54

30,546

South America

1,889

207

8

2,104

Oceania

5,038

1,016

12

15

6,081

Africa

128

25

153

Total

$

132,331

$

102,177

$

9,057

$

2,682

$

246,247

Six Months Ended June 30, 2026

Revenues

  ​ ​ ​

On-net

  ​ ​ ​

Off-net

  ​ ​ ​

Wavelength

  ​ ​ ​

Non-core

  ​ ​ ​

Total

North America

$

200,920

$

162,686

$

27,739

$

1,772

$

393,117

Europe

52,564

8,791

600

77

62,032

South America

4,944

284

11

5,239

Oceania

12,185

1,730

77

13

14,005

Africa

322

31

353

Total

$

270,935

$

173,522

$

28,416

$

1,873

$

474,746

Six Months Ended June 30, 2025

Revenues

  ​ ​ ​

On-net

  ​ ​ ​

Off-net

  ​ ​ ​

Wavelength

  ​ ​ ​

Non-core

  ​ ​ ​

Total

North America

$

199,183

$

196,862

$

15,705

$

5,544

$

417,294

Europe

48,943

10,049

447

106

59,545

South America

3,652

415

17

4,084

Oceania

9,943

2,075

23

43

12,084

Africa

240

51

291

Total

$

261,961

$

209,452

$

16,175

$

5,710

$

493,298

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Long-lived assets, net

North America

$

1,438,639

$

1,523,789

Europe and other

 

199,565

197,285

Total

$

1,638,204

$

1,721,074

The majority of North American revenue consists of services delivered within the United States.