v3.26.3
COST OF REVENUE
 9 Months Ended
Sep. 30, 2026
Cost of Revenue [Abstract]  
COST OF REVENUE COST OF REVENUE
Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service, operations and technology roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows:
Three months ended
September 30,
Nine months ended
September 30,
(in thousands)2026202520262025
Outside fees and services$25,333 $17,261 $70,769 $51,757 
Compensation and benefits8,843 8,112 25,027 22,971 
Technology and telecommunications3,497 2,945 9,821 8,830 
Reimbursable expenses2,073 2,171 6,350 7,067 
Depreciation and amortization50 72 145 311 
Total$39,796 $30,561 $112,112 $90,936 
Transactions with Related Parties
The Company recognized cost of revenue of $0.7 million and $0.8 million for the nine months ended September 30, 2026 and 2025, respectively ($0.1 million and $0.3 million for the third quarter of 2026 and 2025, respectively), relating to services received from Aldridge Pite. As of September 30, 2026, the Company had no amounts payable to Aldridge Pite.