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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Breakout of Operations of Software Segment and Corporate & Other Costs | The following tables present the breakout of the operations of the software segment and the Corporate & Other costs (in thousands) for the periods indicated:
|  | Three Months Ended September 30, 2024 |  |  | Three Months Ended September 30, 2023 |
|  | Software Business |  |  | Corporate & Other |  |  | Total Consolidated |  |  | Software Business |  |  | Corporate & Other |  |  | Total Consolidated |
Total revenues |  | $ | 116,071 |  |  |  |  |  | $ | 116,071 |  |  | $ | 129,462 |  |  |  |  |  | $ | 129,462 |
Total cost of revenues |  |  | 34,349 |  |  |  |  |  |  | 34,349 |  |  |  | 26,661 |  |  |  |  |  |  | 26,661 |
Gross profit |  | $ | 81,722 |  |  |  |  |  | $ | 81,722 |  |  | $ | 102,801 |  |  |  |  |  | $ | 102,801 |
Total operating expenses |  |  | 100,182 |  |  |  | 414,122 |  |  |  | 514,304 |  |  |  | 93,725 |  |  |  | 34,323 |  |  |  | 128,048 |
(Loss) income from operations |  | $ | (18,460 | ) |  | $ | (414,122 | ) |  | $ | (432,582 | ) |  | $ | 9,076 |  |  | $ | (34,323 | ) |  | $ | (25,247 | )
|  | Nine Months Ended September 30, 2024 |  |  | Nine Months Ended September 30, 2023 |
|  | Software Business |  |  | Corporate & Other |  |  | Total Consolidated |  |  | Software Business |  |  | Corporate & Other |  |  | Total Consolidated |
Total revenues |  | $ | 342,759 |  |  |  |  |  | $ | 342,759 |  |  | $ | 371,777 |  |  |  |  |  | $ | 371,777 |
Total cost of revenues |  |  | 95,299 |  |  |  |  |  |  | 95,299 |  |  |  | 81,723 |  |  |  |  |  |  | 81,723 |
Gross profit |  | $ | 247,460 |  |  |  |  |  | $ | 247,460 |  |  | $ | 290,054 |  |  |  |  |  | $ | 290,054 |
Total operating expenses |  |  | 295,541 |  |  |  | 788,477 |  |  |  | 1,084,018 |  |  |  | 283,733 |  |  |  | 78,583 |  |  |  | 362,316 |
(Loss) income from operations |  | $ | (48,081 | ) |  | $ | (788,477 | ) |  | $ | (836,558 | ) |  | $ | 6,321 |  |  | $ | (78,583 | ) |  | $ | (72,262 | )
Total Revenues, Gross Profit, (Loss) Income from Operations, and Long-Lived Assets, by Geographic Region | The following table presents total revenues, gross profit, (loss) income from operations, and long-lived assets (in thousands) according to geographic region. Long-lived assets are comprised of right-of-use assets and property and equipment, net. The Corporate & Other category disclosed above is included within the U.S. region.
Geographic regions: |  | U.S. |  |  | EMEA |  |  | Other Regions |  |  | Consolidated |
Three months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 63,958 |  |  | $ | 38,952 |  |  | $ | 13,161 |  |  | $ | 116,071 |
Gross profit |  | $ | 42,306 |  |  | $ | 30,874 |  |  | $ | 8,542 |  |  | $ | 81,722 |
(Loss) income from operations |  | $ | (441,144 | ) |  | $ | 15,062 |  |  | $ | (6,500 | ) |  | $ | (432,582 | )
Three months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 71,788 |  |  | $ | 40,222 |  |  | $ | 17,452 |  |  | $ | 129,462 |
Gross profit |  | $ | 56,723 |  |  | $ | 32,574 |  |  | $ | 13,504 |  |  | $ | 102,801 |
(Loss) income from operations |  | $ | (41,534 | ) |  | $ | 18,461 |  |  | $ | (2,174 | ) |  | $ | (25,247 | )
Nine months ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 192,115 |  |  | $ | 114,273 |  |  | $ | 36,371 |  |  | $ | 342,759 |
Gross profit |  | $ | 132,949 |  |  | $ | 90,964 |  |  | $ | 23,547 |  |  | $ | 247,460 |
(Loss) income from operations |  | $ | (862,349 | ) |  | $ | 44,602 |  |  | $ | (18,811 | ) |  | $ | (836,558 | )
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | $ | 212,892 |  |  | $ | 115,351 |  |  | $ | 43,534 |  |  | $ | 371,777 |
Gross profit |  | $ | 167,692 |  |  | $ | 91,080 |  |  | $ | 31,282 |  |  | $ | 290,054 |
(Loss) income from operations |  | $ | (107,029 | ) |  | $ | 47,864 |  |  | $ | (13,097 | ) |  | $ | (72,262 | )
As of September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $ | 72,241 |  |  | $ | 4,102 |  |  | $ | 6,482 |  |  | $ | 82,825 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Long-lived assets |  | $ | 75,004 |  |  | $ | 3,937 |  |  | $ | 7,343 |  |  | $ | 86,284 |

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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