v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Condensed Balance Sheet
Consolidated Balance Sheet
(In thousands)
March 31, 2026
As Previously ReportedAdjustmentsAs Revised
Assets
Current assets:
Cash and cash equivalents$117,812 $— $117,812 
Accounts receivable, net of allowance of $4,232 as of March 31, 2026
46,062 (370)45,692 
Total current assets210,976 (370)210,606 
Property and equipment, net37,786 338 38,124 
Deferred taxes4,262 (248)4,014 
Total assets$1,395,316 $(280)$1,395,036 
Liabilities and stockholders' equity
Current liabilities:
Accrued liabilities and other40,298 (473)39,825 
Income taxes payable9,717 (1,327)8,390 
Current portion of deferred revenue20,677 4,019 24,696 
Total current liabilities167,396 2,219 169,615 
Long-term liabilities:
Total liabilities596,485 2,219 598,704 
Stockholders’ equity:
Retained earnings53,557 (2,499)51,058 
Total stockholders' equity798,831 (2,499)796,332 
Total liabilities and stockholders' equity$1,395,316 $(280)$1,395,036 
Schedule of Condensed Statement of Comprehensive Income
Consolidated Statements of Operations and Comprehensive Income
(In thousands, except per share information)
Three Months Ended June 30, 2025Six Months Ended June 30, 2025
As Previously ReportedAdjustmentsAs RevisedAs Previously ReportedAdjustmentsAs Revised
Revenue:
Subscription and other revenue$131,249 $(728)$130,521 $249,446 $(837)$248,609 
Cost of revenue:
Cost of revenue24,468 74 24,542 47,979 129 48,108 
Total cost of revenue28,697 74 28,771 56,375 129 56,504 
Gross profit102,552 (802)101,750 193,071 (966)192,105 
Operating income10,122 (802)9,320 11,946 (966)10,980 
Other expense, net:
Other (expense) income, net(854)39 (815)531 162 693 
Total other expense, net(8,944)39 (8,905)(14,630)162 (14,468)
Profit (loss) before income taxes1,178 (763)415 (2,684)(804)(3,488)
Income tax expense5,200 (154)5,046 8,500 (136)8,364 
Net loss$(4,022)$(609)$(4,631)$(11,184)$(668)$(11,852)
Other comprehensive income:
Foreign currency translation adjustment37,307 (747)36,560 53,732 (1,080)52,652 
Other comprehensive income37,307 (747)36,560 53,732 (1,080)52,652 
Comprehensive income$33,285 $(1,356)$31,929 $42,548 $(1,748)$40,800 
Three Months Ended March 31, 2026
As Previously ReportedAdjustmentsAs Revised
Revenue:
Subscription and other revenue$133,675 $(1,306)$132,369 
Cost of revenue:
Cost of revenue27,510 92 27,602 
Total cost of revenue31,751 92 31,843 
Gross profit101,924 (1,398)100,526 
Total operating expenses89,467 — 89,467 
Operating income12,457 (1,398)11,059 
Other expense, net:
Total other expense, net(8,272)— (8,272)
Income before income taxes4,185 (1,398)2,787 
Income tax expense4,800 (330)4,470 
Net loss$(615)$(1,068)$(1,683)
Other comprehensive loss:
Foreign currency translation adjustment(13,033)1,180 (11,853)
Other comprehensive loss(13,033)1,180 (11,853)
Comprehensive loss$(13,648)$112 $(13,536)
Net loss per share:
Basic loss per share$(0.00)$(0.01)$(0.01)
Diluted loss per share$(0.00)$(0.01)$(0.01)
Schedule of Condensed Cash Flow Statement
Consolidated Statements of Cash Flows
(In thousands)
Six Months Ended June 30, 2025
As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Net loss$(11,184)$(668)$(11,852)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization21,281 129 21,410 
Gain on asset disposal— (162)(162)
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:
Current contract assets(3,193)94 (3,099)
Income taxes payable(441)(136)(577)
Deferred revenue(3,641)743 (2,898)
Net cash provided by operating activities43,864 — 43,864 

Three Months Ended March 31, 2026
As Previously ReportedAdjustmentsAs Revised
Cash flows from operating activities
Net loss$(615)$(1,068)$(1,683)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization11,356 92 11,448 
Changes in operating assets and liabilities, net of assets acquired and liabilities assumed in business combinations:
Income taxes payable(1,100)(330)(1,430)
Deferred revenue(4,207)1,306 (2,901)
Net cash provided by operating activities17,471 — 17,471 
Schedule of Changes In Accumulated Other Comprehensive Income By Component
Changes in accumulated other comprehensive income by component are summarized below:
Foreign Currency Translation AdjustmentsAccumulated Other Comprehensive Income
(in thousands)
Balance as of December 31, 2025$32,514 $32,514 
Other comprehensive loss before reclassification(14,845)(14,845)
Amount reclassified from accumulated other comprehensive income— — 
Net current period other comprehensive loss(14,845)(14,845)
Balance as of June 30, 2026$17,669 $17,669 
Schedule of Disaggregation of Revenue
Our revenue consists of the following:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Subscription revenue$137,071 $129,146 $268,224 $245,886 
Other revenue1,152 1,375 2,368 2,723 
Total subscription and other revenue$138,223 $130,521 $270,592 $248,609 
During the three and six months ended June 30, 2026 and 2025, respectively, we recognized the following revenue from subscription and other services at a point in time and over time:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Revenue recognized at a point in time$12,114 $16,709 $19,658 $26,831 
Revenue recognized over time126,109 113,812 250,934 221,778 
Total revenue recognized$138,223 $130,521 $270,592 $248,609 
Schedule of Details Of Total Deferred Revenue Balance
The following table reflects the changes in our total deferred revenue balance for the six months ended June 30, 2026:
Total Deferred Revenue
(in thousands)
Balance as of December 31, 2025$28,954 
Deferred revenue recognized(20,241)
Additional amounts deferred13,102 
Balance as of June 30, 2026$21,815 
Schedule of Remaining Performance Obligations for Revenue Recognition
We expect to recognize revenue related to remaining performance obligations as of June 30, 2026, as follows:
Revenue Recognition Expected by Period
TotalLess than 1 year1-3 yearsMore than 3 years
(in thousands)
Expected recognition of remaining performance obligations$279,750 $209,428 $69,687 $635 
Schedule of Amortization of Acquired Technologies
Amortization of Acquired Technologies. During the three and six months ended June 30, 2026 and 2025, respectively, amortization of acquired technologies included in cost of revenue relate to our subscription products as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)
Amortization of acquired technologies$4,237 $4,229 $8,478 $8,396