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v3.25.1

Segment and Related Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Revenues and Operations |
For the three months ended March 31, 2025 |  | Enterprise Software |  | Platform Technologies |  | Totals
Revenues |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |
SaaS |  | $ | 158,741 |  |  | $ | 21,339 |  |  |
Transaction-based fees |  | 69,839 |  |  | 125,070 |  |  |
Maintenance |  | 106,979 |  |  | 5,822 |  |  |
Professional services |  | 54,593 |  |  | 9,457 |  |  |
Software licenses and royalties |  | 6,994 |  |  | — |  |  |
Hardware and other |  | 5,600 |  |  | 41 |  |  |
Total segment revenues |  | 402,746 |  |  | 161,729 |  |  | 564,475 |
Less: |  |  |  |  |  |
Cost of revenues |  | 169,287 |  |  | 108,993 |  |  |
Sales and marketing expense |  | 25,267 |  |  | 4,731 |  |  |
General and administrative expense |  | 11,592 |  |  | 13,401 |  |  |
Research and development expense |  | 37,680 |  |  | 4,318 |  |  |
Segment operating income |  | $ | 158,920 |  |  | $ | 30,286 |  |  | $ | 189,206 |
For the three months ended March 31, 2024 |  | Enterprise Software |  | Platform Technologies |  | Totals
Revenues |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |
SaaS |  | $ | 128,142 |  |  | $ | 20,642 |  |  |
Transaction-based fees |  | 51,884 |  |  | 112,575 |  |  |
Maintenance |  | 111,182 |  |  | 6,036 |  |  |
Professional services |  | 54,893 |  |  | 9,913 |  |  |
Software licenses and royalties |  | 8,571 |  |  | 163 |  |  |
Hardware and other |  | 8,358 |  |  | — |  |  |
Total segment revenues |  | 363,030 |  |  | 149,329 |  |  | 512,359 |
Less: |  |  |  |  |  |
Cost of revenues |  | 170,805 |  |  | 98,538 |  |  |
Sales and marketing expense |  | 25,226 |  |  | 5,664 |  |  |
General and administrative expense |  | 11,448 |  |  | 13,493 |  |  |
Research and development expense |  | 24,852 |  |  | 3,379 |  |  |
Segment operating income |  | $ | 130,699 |  |  | $ | 28,255 |  |  | $ | 158,954 |
Schedule of Reconciliation of Operating Income from Segments to Consolidated |
|  |  |  | Three Months Ended March 31,
Reconciliation of reportable segment operating income to the Company's consolidated totals: |  |  |  |  |  | 2025 |  | 2024
Total segment operating income |  |  |  |  |  | $ | 189,206 |  |  | $ | 158,954 |
Corporate unallocated: |  |  |  |  |  |  |  |
Total revenues |  |  |  |  |  | 690 |  |  | — |
Cost of revenues |  |  |  |  |  | (19,804) |  |  | (19,350) |
Sales and marketing expense |  |  |  |  |  | (6,475) |  |  | (5,537) |
General and administrative expense |  |  |  |  |  | (54,459) |  |  | (47,769) |
Research and development expense |  |  |  |  |  | (5,846) |  |  | (1,202) |
Amortization of other intangibles |  |  |  |  |  | (14,139) |  |  | (18,118) |
Interest expense |  |  |  |  |  | (1,246) |  |  | (2,184) |
Other income, net |  |  |  |  |  | 7,363 |  |  | 1,845 |
Income before income taxes |  |  |  |  |  | $ | 95,290 |  |  | $ | 66,639 |
The following table presents reconciliations of segment revenues from external customers and other segment information to the Company’s consolidated totals:
|  | Three Months Ended March 31,
Revenues: |  | 2025 |  | 2024
ES |  | $ | 402,746 |  |  | $ | 363,030 |
PT |  | 161,729 |  |  | 149,329 |
Corporate unallocated |  | 690 |  |  | — |
Total consolidated |  | $ | 565,165 |  |  | $ | 512,359 |
Depreciation and amortization expense: |  |  |  |
ES |  | $ | 6,607 |  |  | $ | 10,496 |
PT |  | 22,217 |  |  | 23,756 |
Corporate unallocated |  | 5,797 |  |  | 5,845 |
Total consolidated |  | $ | 34,621 |  |  | $ | 40,097 |
Software development expenditures: |  |  |  |
ES |  | $ | 1,549 |  |  | $ | 1,621 |
PT |  | 3,991 |  |  | 4,233 |
Corporate |  | 10 |  |  | 1,532 |
Total consolidated |  | $ | 5,550 |  |  | $ | 7,386 |
Capital expenditures: |  |  |  |
ES |  | $ | 730 |  |  | $ | 6,400 |
PT |  | 939 |  |  | 687 |
Corporate |  | 666 |  |  | 195 |
Total consolidated |  | $ | 2,335 |  |  | $ | 7,282 |
Segment assets: |  | March 31, 2025 |  | December 31, 2024
ES |  | $ | 500,481 |  |  | $ | 572,224 |
PT |  | 477,314 |  |  | 416,635 |
Corporate |  | 4,214,339 |  |  | 4,191,156 |
Total consolidated |  | $ | 5,192,134 |  |  | $ | 5,180,015 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + 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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