v3.26.1
Segment and Geographic Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

9. Segment and Geographic Information

The Company operates as one operating segment. The Company's chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

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:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(in thousands, except per share data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenues, net

 

$

23,330

 

 

$

24,632

 

 

$

47,643

 

 

$

48,472

 

Cost of revenues

 

 

3,421

 

 

 

3,285

 

 

 

6,828

 

 

 

6,220

 

Gross profit

 

 

19,909

 

 

 

21,347

 

 

 

40,815

 

 

 

42,252

 

Operating Expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Selling and operating

 

 

21,599

 

 

 

20,634

 

 

 

41,600

 

 

 

40,656

 

Corporate, general and administration

 

 

1,526

 

 

 

2,909

 

 

 

3,859

 

 

 

4,806

 

Total operating expenses

 

 

23,125

 

 

 

23,543

 

 

 

45,459

 

 

 

45,462

 

Loss from operations

 

 

(3,216

)

 

 

(2,196

)

 

 

(4,644

)

 

 

(3,210

)

Interest and other income, net

 

 

(30

)

 

 

124

 

 

 

(14

)

 

 

(12

)

Loss before income taxes

 

 

(3,246

)

 

 

(2,072

)

 

 

(4,658

)

 

 

(3,222

)

Income tax (benefit) expense

 

 

(7

)

 

 

1

 

 

 

27

 

 

 

49

 

Loss from continuing operations

 

$

(3,239

)

 

$

(2,073

)

 

$

(4,685

)

 

$

(3,271

)

Gain from discontinued operations

 

 

—

 

 

 

26

 

 

 

—

 

 

 

5

 

Net loss

 

$

(3,239

)

 

$

(2,047

)

 

$

(4,685

)

 

$

(3,266

)

Net loss attributable to noncontrolling interests

 

 

(210

)

 

 

(246

)

 

 

(401

)

 

 

(451

)

Net loss attributable to common shareholders

 

$

(3,029

)

 

$

(1,801

)

 

$

(4,284

)

 

$

(2,815

)

 

Geographic Information

We have members in the United States and over 185 foreign countries. The major geographic territories are the U.S., Canada and Australia, which are determined based on the member's billing location.

The following represents geographical data for our operations:

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

(in thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

14,894

 

 

$

14,734

 

 

$

28,652

 

 

$

28,955

 

International

 

 

8,436

 

 

 

9,898

 

 

 

18,991

 

 

 

19,517

 

 

 

$

23,330

 

 

$

24,632

 

 

$

47,643

 

 

$

48,472