v3.26.1
Business Segment
6 Months Ended
Jun. 30, 2026
Business Segment  
Business Segment

Note 17. Business Segment

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The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is our chief executive officer, who assesses financial performance for the Company and decides how to allocate resources based on consolidated net income. Segment asset information is provided to the CODM but it is not used to allocate resources.

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The following table presents selected financial information with respect to the Company’s single operating segment for the three and six months ended June 30, 2026 and 2025:

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Three months ended June 30,

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Six months ended June 30,

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2026

  ​ ​ ​

2025

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2026

  ​ ​ ​

2025

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(in thousands)

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Revenue:

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$

215,175

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$

194,544

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$

414,131

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$

387,107

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Less:

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​

​

​

​

​

​

​

​

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​

​

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Cost of revenue

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​

123,986

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​

107,201

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​

242,361

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​

210,996

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Research and development

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​

28,977

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​

27,064

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​

57,493

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​

54,192

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Sales and marketing

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​

19,554

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​

15,003

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​

36,908

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​

30,127

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General and administrative

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​

22,377

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​

16,311

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​

49,138

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​

33,668

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Total other income

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5,067

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​

6,032

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​

7,742

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​

9,957

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Income tax provision

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​

2,057

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3,621

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​

3,468

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​

8,126

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Segment Net Income

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23,291

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​

31,376

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​

32,505

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59,955

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Reconciliation of profit or loss Adjustments and reconciling items

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-

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-

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-

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​

-

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Net income

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$

23,291

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$

31,376

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$

32,505

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$

59,955

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The above table includes depreciation expense and amortization expense of $4.4 million and $8.9 million for the three and six-month periods ended June 30, 2026, respectively, and depreciation expense and amortization expense of $4.5 million and $8.8 million for the three and six-month periods ended June 30, 2025, respectively