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Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment Information
Note 14. Segment Information
The Chief Executive Officer, who functions as the chief operating decision maker (“CODM”), oversees the Company’s business activities at the consolidated level as a single operating and reportable segment. The factors used to identify the Company’s single operating segment include the organizational structure of the Company and the financial information available for evaluation by the CODM. The CODM uses consolidated net income (or loss) and operating margin to evaluate financial performance and make decisions regarding resource allocation, including setting target revenue growth and distributing the budget across cost of revenues, research and development, sales and marketing, and general and administrative expenses.
The following table presents selected financial information for the Company’s single operating segment for the three and six months ended June 30, 2025 and 2024 (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Revenue$620,398 $592,907 $1,232,454 $1,177,118 
Less:
Share-based compensation expense63,469 86,780 141,350 174,948 
Depreciation and amortization54,921 56,323 109,982 112,974 
Other segment items (1)
465,045 455,163 933,819 905,454 
Income (loss) from operations36,963 (5,359)47,303 (16,258)
Operating margin as % of revenue6.0 %(0.9)%3.8 %(1.4)%
Other income (expense), net
Interest expense(16,466)(16,021)(32,581)(32,275)
Other income (expense) (2)
(4,820)9,803 (3,418)11,747 
Other income (expense), net(21,286)(6,218)(35,999)(20,528)
Gain (loss) before income taxes15,677 (11,577)11,304 (36,786)
Provision for income taxes2,484 3,176 8,439 6,461 
Net income (loss)$13,193 $(14,753)$2,865 $(43,247)
(1)Other segment items mainly consist of personnel costs, third-party commissions, and advertising and marketing costs.
(2)Includes interest income of $0.3 million and $2.1 million for the three months ended June 30, 2025 and 2024, respectively, and $1.6 million and $4.5 million for the six months ended June 30, 2025 and 2024, respectively.
See the condensed consolidated financial statements for other financial information regarding the Company’s operating segment.
Refer to Note 2 - Revenue in the Notes to Condensed Consolidated Financial Statements in this Quarterly Report on Form 10-Q for additional information about revenue by geographic location.
Concentrations
Financial instruments that subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. Although the Company deposits its cash with multiple financial institutions, its deposits, at times, may exceed federally insured limits. The Company’s accounts receivable are primarily derived from sales by resellers and to direct customers. The Company maintains an allowance for doubtful accounts for estimated potential credit losses. As of June 30, 2025 and December 31, 2024, none of the Company’s customers accounted for more than 10% of the Company’s total accounts receivable. For the three and six months ended June 30, 2025 and 2024, none of the Company’s customers accounted for more than 10% of the Company’s total revenues or subscription revenues.
Long-lived assets by geographic location are based on the location of the legal entity that owns the asset. As of June 30, 2025 and December 31, 2024, approximately 88% and 90% of the Company’s consolidated long-lived assets were located in the U.S. No other single country outside of the U.S. represented more than 10% of the Company’s consolidated long-lived assets as of June 30, 2025 and December 31, 2024.