| Segment Reporting |
The Company’s revenue, significant expenses and net income for its consolidated segment are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | ($ in thousands) | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 385,851 | | | $ | 277,911 | | | $ | 1,149,988 | | | $ | 809,535 | | | Less: | | | | | | | | Costs of revenue(1) | 245,347 | | | 183,385 | | | 737,507 | | | 528,273 | | Sales and marketing(1) | 54,683 | | | 38,074 | | | 149,493 | | | 113,066 | | General and administrative(1) | 23,605 | | | 20,417 | | | 75,956 | | | 58,686 | | | Interest income | (4,542) | | | (3,014) | | | (11,187) | | | (7,130) | | | Interest expense | 405 | | | 459 | | | 618 | | | 695 | | | Depreciation and amortization | 12,149 | | | 10,188 | | | 33,950 | | | 29,506 | | | Income tax expense (benefit) | 18,118 | | | 7,177 | | | 58,050 | | | (102,775) | | Other segment items(2) | 7,414 | | | 6,379 | | | 21,423 | | | 134,327 | | Consolidated net income | $ | 28,672 | | | $ | 14,846 | | | $ | 84,178 | | | $ | 54,887 | |
_____________________________________(1) Excludes share-based compensation expense. (2) Other segment items include share-based compensation expense and change in tax receivable agreement liability.
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