The following table presents selected financial information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2026 and 2025. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | (in millions) | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 308.8 | | | $ | 318.0 | | | $ | 929.4 | | | $ | 930.4 | | | Less: | | | | | | | | Employee compensation expense(1) | 96.4 | | | 106.4 | | | 299.5 | | | 328.2 | | | Payroll tax and benefits expense | 17.9 | | | 21.3 | | | 63.9 | | | 71.9 | | | Technology expense | 17.2 | | | 17.2 | | | 52.3 | | | 47.7 | | | Marketing expense | 11.7 | | | 8.1 | | | 33.2 | | | 28.6 | | | Facilities expense | 4.7 | | | 6.8 | | | 14.5 | | | 23.3 | | | Bad debt expense | 5.5 | | | 7.5 | | | 16.8 | | | 17.4 | | | Hosting and infrastructure expense | 13.2 | | | 11.6 | | | 38.6 | | | 32.7 | | Other segment items(2) | 96.5 | | | 48.9 | | | 236.0 | | | 143.0 | | | Depreciation and amortization expense | 22.1 | | | 22.7 | | | 64.6 | | | 66.1 | | | Goodwill impairment | — | | | — | | | 650.5 | | | — | | | Interest expense, net | 15.0 | | | 11.5 | | | 43.2 | | | 32.0 | | | Gain on debt extinguishment | (3.4) | | | — | | | (14.4) | | | — | | | Other (income) loss, net | 2.0 | | | (0.4) | | | (5.1) | | | (13.5) | | | Income tax expense | 7.8 | | | 17.7 | | | 48.0 | | | 63.5 | | | Net income (loss) | $ | 2.2 | | | $ | 38.7 | | | $ | (612.2) | | | $ | 89.5 | |
__________________(1)Primarily includes employee-related salaries, bonuses, and commissions. (2)Other segment items include equity-based compensation expense.
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