| Segment Reporting |
The table below provides the calculation of net income, which is the performance measure that is most consistent with GAAP, and the significant operating expenses included in this performance measure (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenues | $ | 42,446 | | | $ | 44,847 | | | $ | 86,004 | | | $ | 89,459 | | | Less (add): | | | | | | | | | Cost of revenues | 2,524 | | | 2,280 | | | 4,728 | | | 4,521 | | | Sales and marketing | 9,441 | | | 9,378 | | | 19,783 | | | 19,468 | | | Product development | 8,658 | | | 8,860 | | | 16,999 | | | 18,232 | | | General and administrative | 16,269 | | | 19,002 | | | 35,681 | | | 35,943 | | | Depreciation and amortization | 3,202 | | | 3,458 | | | 6,262 | | | 6,779 | | Other non-operating expense (income), net(1) | (531) | | | (290) | | | (2,058) | | | (146) | | | Provision for income taxes | 1 | | | — | | | 33 | | | 9 | | | Segment net income | $ | 2,882 | | | $ | 2,159 | | | $ | 4,576 | | | $ | 4,653 | |
1 Includes change in fair value of warrant liability, change in the TRA liability and other non-operating income and expense.
|