| Schedule of Financial Information by Reportable Segment |
In accordance with segment reporting topic of the FASB Codification, we present below certain financial information by reportable segment for the three and nine months ended September 30, 2026 and 2025 (in thousands):
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Three Months Ended September 30, |
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2026 |
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2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
|
APAC |
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Consolidated |
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Revenue: |
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Cloud subscriptions |
$ |
102,739 |
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$ |
26,490 |
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$ |
5,209 |
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$ |
134,438 |
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$ |
79,336 |
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$ |
21,272 |
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$ |
4,244 |
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$ |
104,852 |
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Software license |
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3,025 |
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|
444 |
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|
165 |
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3,634 |
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|
834 |
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|
379 |
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|
143 |
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1,356 |
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Maintenance |
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22,711 |
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4,393 |
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2,125 |
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29,229 |
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23,648 |
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4,568 |
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2,276 |
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30,492 |
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Services |
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100,367 |
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25,541 |
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8,509 |
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134,417 |
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96,791 |
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27,718 |
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8,498 |
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133,007 |
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Hardware |
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4,323 |
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48 |
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98 |
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4,469 |
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6,050 |
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38 |
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- |
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6,088 |
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Total revenue |
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233,165 |
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56,916 |
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16,106 |
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306,187 |
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206,659 |
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53,975 |
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15,161 |
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275,795 |
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Costs and Expenses: |
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Cost of revenue |
$ |
97,546 |
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$ |
27,390 |
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$ |
6,954 |
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131,890 |
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87,819 |
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25,434 |
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6,559 |
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119,812 |
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Operating expenses |
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84,366 |
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5,571 |
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1,648 |
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91,585 |
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71,622 |
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5,474 |
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1,399 |
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78,495 |
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Depreciation and amortization |
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1,460 |
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|
226 |
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31 |
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1,717 |
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1,435 |
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190 |
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35 |
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1,660 |
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Restructuring expense |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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Total costs and expenses |
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183,372 |
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33,187 |
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8,633 |
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225,192 |
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160,876 |
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31,098 |
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7,993 |
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199,967 |
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Operating income |
$ |
49,793 |
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$ |
23,729 |
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$ |
7,473 |
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$ |
80,995 |
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$ |
45,783 |
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$ |
22,877 |
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$ |
7,168 |
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$ |
75,828 |
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Interest income |
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|
758 |
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1,007 |
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Other income (loss), net |
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1,130 |
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1,597 |
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Income before income taxes |
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$ |
82,883 |
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$ |
78,432 |
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Nine Months Ended September 30, |
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2026 |
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2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Revenue: |
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Cloud subscriptions |
$ |
289,877 |
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$ |
73,775 |
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$ |
14,631 |
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$ |
378,283 |
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$ |
230,728 |
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$ |
58,154 |
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$ |
10,698 |
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$ |
299,580 |
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Software license |
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6,022 |
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1,242 |
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|
527 |
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7,791 |
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3,192 |
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8,242 |
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|
742 |
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12,176 |
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Maintenance |
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70,352 |
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13,659 |
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6,333 |
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90,344 |
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77,349 |
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13,810 |
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6,534 |
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97,693 |
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Services |
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292,764 |
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76,587 |
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23,830 |
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393,181 |
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278,455 |
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81,256 |
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23,322 |
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383,033 |
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Hardware |
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15,712 |
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|
694 |
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191 |
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16,597 |
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18,156 |
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356 |
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9 |
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18,521 |
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Total revenue |
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674,727 |
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165,957 |
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45,512 |
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886,196 |
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607,880 |
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161,818 |
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41,305 |
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811,003 |
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Costs and Expenses: |
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Cost of revenue |
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284,436 |
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83,518 |
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20,040 |
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387,994 |
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254,366 |
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77,777 |
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18,451 |
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350,594 |
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Operating expenses |
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250,114 |
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17,893 |
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4,587 |
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272,594 |
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218,792 |
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17,073 |
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4,034 |
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239,899 |
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Depreciation and amortization |
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4,406 |
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|
679 |
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97 |
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5,182 |
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4,089 |
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581 |
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|
115 |
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4,785 |
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Restructuring expense |
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5,637 |
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2,346 |
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|
280 |
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8,263 |
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2,937 |
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- |
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- |
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2,937 |
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Total costs and expenses |
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544,593 |
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104,436 |
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25,004 |
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674,033 |
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480,184 |
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95,431 |
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22,600 |
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|
598,215 |
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Operating income |
$ |
130,134 |
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$ |
61,521 |
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$ |
20,508 |
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$ |
212,163 |
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$ |
127,696 |
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$ |
66,387 |
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$ |
18,705 |
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$ |
212,788 |
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Interest income |
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2,462 |
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2,960 |
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Other income (loss), net |
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4,746 |
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1,696 |
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Income before income taxes |
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$ |
219,371 |
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$ |
217,444 |
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| Goodwill, Long-Lived Assets and Total Assets by Reportable Segment |
In the following table, we present goodwill, long-lived assets, and total assets by reportable segment as of September 30, 2026 and December 31, 2025 (in thousands):
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As of September 30, 2026 |
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As of December 31, 2025 |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Americas |
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EMEA |
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APAC |
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Consolidated |
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Goodwill, net |
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$ |
54,766 |
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$ |
5,510 |
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$ |
1,963 |
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$ |
62,239 |
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$ |
54,766 |
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$ |
5,515 |
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$ |
1,963 |
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$ |
62,244 |
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Long lived assets |
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|
103,547 |
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10,981 |
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2,541 |
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|
117,069 |
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104,217 |
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11,320 |
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2,369 |
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|
117,906 |
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Total assets |
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590,951 |
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127,486 |
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32,376 |
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750,813 |
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696,019 |
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116,219 |
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27,150 |
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839,388 |
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