| Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product |
The Company provides information by reportable segment in the tables below (in thousands):
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Three Months Ended September 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
70,138 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
70,138 |
|
Consulting revenues |
|
|
3,623 |
|
|
|
11,121 |
|
|
|
— |
|
|
|
14,744 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
1,225 |
|
|
|
1,225 |
|
Total segment revenues |
|
|
73,761 |
|
|
|
11,121 |
|
|
|
1,225 |
|
|
|
86,107 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(22,032 |
) |
|
|
(5,125 |
) |
|
|
(1,198 |
) |
|
|
(28,355 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(1,222 |
) |
|
|
(1,222 |
) |
Professional services |
|
|
(1,006 |
) |
|
|
(411 |
) |
|
|
(8 |
) |
|
|
(1,425 |
) |
Billable expenses |
|
|
(65 |
) |
|
|
(1,208 |
) |
|
|
— |
|
|
|
(1,273 |
) |
Travel and entertainment |
|
|
(578 |
) |
|
|
(85 |
) |
|
|
(100 |
) |
|
|
(763 |
) |
Software |
|
|
(433 |
) |
|
|
(14 |
) |
|
|
(2 |
) |
|
|
(449 |
) |
Other segment expenses (2) |
|
|
(18 |
) |
|
|
(1 |
) |
|
|
(4 |
) |
|
|
(23 |
) |
Total segment expenses |
|
|
(24,132 |
) |
|
|
(6,844 |
) |
|
|
(2,534 |
) |
|
|
(33,510 |
) |
Segment operating income (loss) |
|
$ |
49,629 |
|
|
$ |
4,277 |
|
|
$ |
(1,309 |
) |
|
|
52,597 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(48,673 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(2,081 |
) |
Restructuring credit |
|
|
|
|
|
|
|
|
|
|
|
538 |
|
Interest expense and other income |
|
|
|
|
|
|
|
|
|
|
|
85 |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
2,466 |
|
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Three Months Ended September 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
72,652 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
72,652 |
|
Consulting revenues |
|
|
5,487 |
|
|
|
15,988 |
|
|
|
— |
|
|
|
21,475 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
168 |
|
|
|
168 |
|
Total segment revenues |
|
|
78,139 |
|
|
|
15,988 |
|
|
|
168 |
|
|
|
94,295 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(23,230 |
) |
|
|
(7,085 |
) |
|
|
(1,262 |
) |
|
|
(31,577 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(405 |
) |
|
|
(405 |
) |
Professional services |
|
|
(1,050 |
) |
|
|
(960 |
) |
|
|
49 |
|
|
|
(1,961 |
) |
Billable expenses |
|
|
(135 |
) |
|
|
(1,336 |
) |
|
|
— |
|
|
|
(1,471 |
) |
Travel and entertainment |
|
|
(453 |
) |
|
|
(143 |
) |
|
|
(51 |
) |
|
|
(647 |
) |
Software |
|
|
(329 |
) |
|
|
— |
|
|
|
(10 |
) |
|
|
(339 |
) |
Other segment expenses (2) |
|
|
(24 |
) |
|
|
(12 |
) |
|
|
(4 |
) |
|
|
(40 |
) |
Total segment expenses |
|
|
(25,221 |
) |
|
|
(9,536 |
) |
|
|
(1,683 |
) |
|
|
(36,440 |
) |
Segment operating income (loss) |
|
$ |
52,918 |
|
|
$ |
6,452 |
|
|
$ |
(1,515 |
) |
|
|
57,855 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(51,292 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(2,217 |
) |
Restructuring credit |
|
|
|
|
|
|
|
|
|
|
|
111 |
|
Interest expense, credit loss expense and other income |
|
|
|
|
|
|
|
|
|
|
|
(6,146 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(1,689 |
) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Nine Months Ended September 30, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
208,736 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
208,736 |
|
Consulting revenues |
|
|
14,208 |
|
|
|
39,160 |
|
|
|
— |
|
|
|
53,368 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
9,690 |
|
|
|
9,690 |
|
Total segment revenues |
|
|
222,944 |
|
|
|
39,160 |
|
|
|
9,690 |
|
|
|
271,794 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(68,016 |
) |
|
|
(18,144 |
) |
|
|
(3,829 |
) |
|
|
(89,989 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(8,310 |
) |
|
|
(8,310 |
) |
Professional services |
|
|
(5,038 |
) |
|
|
(1,702 |
) |
|
|
(8 |
) |
|
|
(6,748 |
) |
Billable expenses |
|
|
(242 |
) |
|
|
(3,745 |
) |
|
|
— |
|
|
|
(3,987 |
) |
Travel and entertainment |
|
|
(1,787 |
) |
|
|
(256 |
) |
|
|
(260 |
) |
|
|
(2,303 |
) |
Software |
|
|
(1,288 |
) |
|
|
(37 |
) |
|
|
(11 |
) |
|
|
(1,336 |
) |
Other segment expenses (2) |
|
|
(71 |
) |
|
|
(15 |
) |
|
|
(47 |
) |
|
|
(133 |
) |
Total segment expenses |
|
|
(76,442 |
) |
|
|
(23,899 |
) |
|
|
(12,465 |
) |
|
|
(112,806 |
) |
Segment operating income (loss) |
|
$ |
146,502 |
|
|
$ |
15,261 |
|
|
$ |
(2,775 |
) |
|
|
158,988 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(151,122 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(6,243 |
) |
Goodwill impairment |
|
|
|
|
|
|
|
|
|
|
|
(10,800 |
) |
Restructuring costs |
|
|
|
|
|
|
|
|
|
|
|
(3,674 |
) |
Interest expense, credit loss expense, and other income |
|
|
|
|
|
|
|
|
|
|
|
(491 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(13,342 |
) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Research Segment |
|
|
Consulting Segment |
|
|
Events Segment |
|
|
Consolidated |
|
Nine Months Ended September 30, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
Research revenues |
|
$ |
218,992 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
218,992 |
|
Consulting revenues |
|
|
16,334 |
|
|
|
50,070 |
|
|
|
— |
|
|
|
66,404 |
|
Events revenues |
|
|
— |
|
|
|
— |
|
|
|
10,434 |
|
|
|
10,434 |
|
Total segment revenues |
|
|
235,326 |
|
|
|
50,070 |
|
|
|
10,434 |
|
|
|
295,830 |
|
Segment expenses (1): |
|
|
|
|
|
|
|
|
|
|
|
|
Compensation, benefits and related costs |
|
|
(69,196 |
) |
|
|
(21,248 |
) |
|
|
(3,976 |
) |
|
|
(94,420 |
) |
Direct cost of events |
|
|
— |
|
|
|
— |
|
|
|
(9,378 |
) |
|
|
(9,378 |
) |
Professional services |
|
|
(5,398 |
) |
|
|
(2,483 |
) |
|
|
(28 |
) |
|
|
(7,909 |
) |
Billable expenses |
|
|
(320 |
) |
|
|
(4,449 |
) |
|
|
— |
|
|
|
(4,769 |
) |
Travel and entertainment |
|
|
(1,470 |
) |
|
|
(385 |
) |
|
|
(106 |
) |
|
|
(1,961 |
) |
Software |
|
|
(1,060 |
) |
|
|
— |
|
|
|
(44 |
) |
|
|
(1,104 |
) |
Other segment expenses (2) |
|
|
(95 |
) |
|
|
(26 |
) |
|
|
(28 |
) |
|
|
(149 |
) |
Total segment expenses |
|
|
(77,539 |
) |
|
|
(28,591 |
) |
|
|
(13,560 |
) |
|
|
(119,690 |
) |
Segment operating income (loss) |
|
$ |
157,787 |
|
|
$ |
21,479 |
|
|
$ |
(3,126 |
) |
|
|
176,140 |
|
Selling, marketing, administrative and other expenses |
|
|
|
|
|
|
|
|
|
|
|
(159,885 |
) |
Amortization of intangible assets |
|
|
|
|
|
|
|
|
|
|
|
(6,651 |
) |
Goodwill impairment |
|
|
|
|
|
|
|
|
|
|
|
(83,895 |
) |
Restructuring costs |
|
|
|
|
|
|
|
|
|
|
|
(1,887 |
) |
Interest expense, credit loss expense, other income, and loss on investments |
|
|
|
|
|
|
|
|
|
|
|
(6,697 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(82,875 |
) |
(1)The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2)Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|