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Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

15. Segment Information

The Company operates in one operating and reportable segment. The following table summarizes the Company’s segment revenue, significant segment expenses, and segment net loss:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$

163,772

 

 

$

127,220

 

 

$

317,749

 

 

$

249,627

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation expense (1)

 

 

84,457

 

 

 

69,123

 

 

 

165,013

 

 

 

134,490

 

Share-based compensation expense

 

 

39,577

 

 

 

38,009

 

 

 

79,204

 

 

 

74,854

 

Other segment items (2)

 

 

43,903

 

 

 

41,763

 

 

 

85,964

 

 

 

80,461

 

Net loss

 

$

(4,165

)

 

$

(21,675

)

 

$

(12,432

)

 

$

(40,178

)

_________________________________________

(1) Compensation expense includes employee salaries, commissions, performance bonuses, 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, refundable tax credits, 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:

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

(in thousands)

 

United States

 

$

11,542

 

 

$

9,378

 

Israel

 

 

8,648

 

 

 

5,903

 

India

 

 

1,848

 

 

 

2,040

 

Rest of world

 

 

309

 

 

 

278

 

Total long-lived assets

 

$

22,347

 

 

$

17,599