v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company has a single operating and reportable segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly evaluated by the Company’s chief operating decision maker (CODM). The Company’s CODM is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources. The Company's CODM evaluates company-wide performance, including allocation of resources and assessing profitability, based on multiple performance measures, including, but not limited to net income (loss).
The following table presents the Company's significant segment expenses and other segment items for the three and nine months ended September 30, 2026 and 2025. The CODM does not regularly review segment asset information,
which is total assets, for the purpose of assessing performance and making resource allocation decisions; therefore, such information is not presented.
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2026202520262025
Revenue$250,300 $200,138 $606,156 $465,481 
Less:
Payment processing services costs88,685 66,582 233,137 162,361 
Personnel expense (a)
43,717 42,784 136,210 125,206 
Other segment items (b)
39,645 33,575 98,502 85,731 
Depreciation and amortization expense7,991 7,165 24,510 20,203 
Stock-based compensation expense (c)
17,503 17,779 53,026 51,030 
Restructuring— — — 8,690 
Interest expense463 1,197 1,079 2,986 
Interest income(506)(769)(2,077)(4,792)
Loss (gain) from remeasurement of foreign currency451 626 47 (6,897)
Gain on available-for-sale debt securities(3)— (3)(166)
(Benefit from) provision for income taxes(22,189)1,568 (17,189)7,665 
Segment income$74,543 $29,631 $78,914 $13,464 
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(a)Personnel expense includes employees' and contractors' compensation in technology and development, selling and marketing, and general and administrative operating expenses.
(b)Other segment items in segment income include the following expenses: professional fees, marketing, travel, facilities, software, ancillary services, acquisition-related transaction costs, and other general and administrative costs.
(c)Stock-based compensation expense includes employer payroll taxes and excludes stock-based compensation relating to restructuring.
See Note 2 - Revenue and Recognition for information regarding the Company's revenue by geographic area.