v3.26.3
Segment Information
 9 Months Ended
Aug. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Operating segments are components of an enterprise that engages in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. Our CODM is our Chief Executive Officer.

We operate as one operating and reportable segment that is managed on a consolidated basis and derives substantially all of its revenue from the sale and support of one group of similar products and services, comprised of software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The accounting policies of the Company's operating segment are the same as those described in Note 1, Nature of Business and Summary of Significant Accounting Policies to our Consolidated Financial Statements in Item 8 of our 2025 Annual Report. Our CODM does not receive profitability information at a lower level than consolidated results, and evaluates net income on a consolidated basis to set financial performance targets, assess performance, and make resource allocation decisions, primarily through comparison of actual results to forecasted results, year-over-year analysis, and review of historical performance trends. The measure of segment assets is reported on the Company's consolidated balance sheets as total consolidated assets.

The Company's significant expenses and other segment items are provided in the table below:

Three Months EndedNine Months Ended
(in thousands)August 31, 2026August 31, 2025August 31, 2026August 31, 2025
Revenue
$246,005 $249,795 $747,269 $725,165 
Costs of revenue (1)
32,119 35,266 100,040 105,071 
Sales and marketing (2)
47,077 48,575 145,273 142,853 
Product development (2)
41,249 44,723 129,121 128,274 
General and administrative (2)
20,303 21,808 62,770 60,488 
Stock-based compensation
16,079 15,970 55,062 47,394 
Amortization of intangibles
35,099 37,199 104,572 110,029 
Other segment items, net (3)
31,303 26,841 83,769 83,668 
Net income
$22,776 $19,413 $66,662 $47,388 
(1)Excludes amortization of intangibles and stock-based compensation.
(2)Excludes stock-based compensation.
(3)Includes restructuring expenses, acquisition-related expenses, cyber vulnerability response expenses, net, interest expense, interest income and other, net, foreign currency loss, net, and provision for income taxes.