v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company determines its operating segments based on how the Chief Operating Decision Maker (“CODM”) reviews the business and makes resource allocation decisions. The Company concluded that Joseph Capper, the Company’s Chief Executive Officer, is the CODM.
The Company has a single operating segment, which has not been aggregated with other operating segments.
The CODM uses several measures of profit or loss to assess Company performance and allocate resources. Of these measures, net income is the measure that most aligns to GAAP. Other measures used by the CODM include adjusted earnings before interest, taxes, depreciation and amortization. The CODM assesses actual results against budgets and forecasts, and uses this information to inform various strategic investments into the Company’s operations, including headcount and compensation.
Each financial statement caption included on the condensed consolidated statements of operations reflects a significant segment expense evaluated by the CODM. In addition to this, the CODM also evaluates selling and marketing expense and general and administrative expense, both of which are components of selling, general, and administrative expense on the unaudited condensed consolidated statements of operations.
The below table presents selling and marketing and general and administrative expense (amounts in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Selling and marketing
$39,602 $53,720 $129,930 $148,448 
General and administrative
18,711 15,281 41,393 44,673 
Selling, general and administrative
$58,313 $69,001 $171,323 $193,121 
Below is a breakout of interest expense and interest income (amounts in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Interest income
$986 $1,210 $3,446 $3,407 
Interest expense
(210)(425)(997)(1,378)
Interest income, net$776 $785 $2,449 $2,029 
To see depreciation expense, amortization expense, income tax expense, and significant noncash items for this segment please refer to Note 5, Property and Equipment, Net, Note 6, Intangible Assets, Net, Note 10, Income Taxes, Note 11, Supplemental Disclosure of Cash Flow and Non-cash Investing and Financing Activities, respectively.
The CODM is not provided and does not review segment assets at a different asset level or category than the presentation on the consolidated balance sheet.