v3.26.3
Segments
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and assessing performance. We have one business activity and there are no segment managers who are held accountable for operations, operating results and plans for products or components below the consolidated unit level. The geographical location of our customers has no impact on strategy or products offered. The “chief operating decision maker,” or CODM, assesses performance and allocates resources using a consolidated profitability metric as discussed below. Accordingly, we have determined that we operate in a single reportable operating segment.
Our CODM is our Chief Executive Officer. On a monthly basis, our CODM reviews the following financial information presented on a consolidated basis. The key profitability metric used for purposes of making key personnel staffing decisions, approving operating budgets and forecasts, and making strategy decisions is Net Income as detailed below. See Note 3 for our disaggregated revenue by type.
Three months ended September 30,Nine months ended September 30,
($ in thousands)2026202520262025
Total Revenue$325,624 $268,651 $959,172 $795,740 
Less:
Materials and connectivity68,165 60,061 202,610 182,785 
Labor and associated expenses31,037 25,075 91,313 72,740 
Research and development20,299 12,403 56,390 36,103 
Sales and marketing51,998 45,158 148,207 128,805 
General and administrative51,393 32,422 118,495 84,914 
Depreciation6,992 5,449 20,963 16,025 
Amortization34,474 27,851 103,421 84,081 
Interest and non-operating expenses, net19,297 17,515 59,590 54,670 
Income tax expense10,944 12,069 43,008 43,516 
Segment Net income$31,025 $30,648 $115,175 $92,101 
Consolidated Net income$31,025 $30,648 $115,175 $92,101