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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information

17. Segment Information

The Company operates in one operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker. The Company’s chief operating decision maker is its chief executive officer who uses consolidated financial information to allocate resources and assess performance. He monitors revenue across various products and services on a consolidated basis and uses consolidated net loss to adjust business plans, primarily by comparing actual operating results to forecasts and prior periods.

The following table summarizes the Company’s segment revenue, significant segment expenses, and segment net loss:

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Revenue

 

$

531,840

 

 

$

428,488

 

 

$

349,886

 

Less:

 

 

 

 

 

 

 

 

 

Compensation expense (1)

 

 

287,522

 

 

 

233,934

 

 

 

198,491

 

Share-based compensation expense

 

 

156,657

 

 

 

131,106

 

 

 

95,171

 

Other segment items (2)

 

 

159,480

 

 

 

132,684

 

 

 

117,480

 

Net loss

 

$

(71,819

)

 

$

(69,236

)

 

$

(61,256

)

_________________________________________

(1) Compensation expense includes employee salaries, commissions, performance bonus, payroll taxes, benefits, and outsourced labor costs.

(2) Other segment items include acquisition-related costs, amortization of intangibles, depreciation of property and equipment, hosting costs, marketing expense, professional service fees, reseller commission, software and subscription costs, other overhead expense, interest and other income, net, and income tax expense.

Revenue by geographical region can be found in Note 3, Revenue Recognition. The following table presents the Company’s long-lived assets by geographic region, which consist of property and equipment, net and operating lease right-of-use assets:

 

 

December 31,

 

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

United States

 

$

9,378

 

 

$

5,897

 

Israel

 

 

5,903

 

 

 

10,846

 

India

 

 

2,040

 

 

 

2,895

 

Rest of world

 

 

278

 

 

 

232

 

Total long-lived assets

 

$

17,599

 

 

$

19,870