v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
Operating Segments
The following table shows segment revenue, significant segment expenses, and the segment profit or loss measure for each financial statement period (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenue$304,224 $246,068 $474,374 $375,083 
Significant segment expenses:
Depreciation and amortization30,017 28,501 60,357 56,854 
Stock-based compensation38,079 2,969 40,721 6,121 
Cost of revenue(a)
146,053 109,376 242,176 182,017 
Selling, general and administrative(a)
47,857 37,703 90,696 71,187 
Operations and support(a)
14,227 13,182 27,139 24,630 
Research and development(a)
15,181 12,795 29,507 24,154 
Total segment expenses291,414 204,526 490,596 364,963 
Operating income (loss)12,810 41,542 (16,222)10,120 
Interest expense(3,961)(5,155)(9,120)(10,278)
Other expense, net(11,903)(12,530)(37,142)(29,612)
(Loss) income before income taxes(3,054)23,857 (62,484)(29,770)
Benefit (provision) for income taxes(298,433)3,352 (296,577)5,689 
Net income (loss)$295,379 $20,505 $234,093 $(35,459)
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(a)Exclusive of stock-based compensation and depreciation and amortization shown separately.
Geographic Region Information
The following tables set forth revenue and long-lived assets, net by geographic area (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
United States of America$95,423 $80,303 $145,412 $117,589 
United Kingdom64,766 52,911 104,065 84,495 
Germany31,169 23,276 46,507 34,850 
Other112,866 89,578 178,390 138,149 
Total revenue$304,224 $246,068 $474,374 $375,083 
June 30, 2026December 31, 2025
United States of America$157,248 $106,710 
Germany42,361 35,606 
United Kingdom35,680 35,941 
Other137,239 106,212 
Total long-lived assets, net$372,528 $284,469