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Segment Information | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Information | Segment Information We have two reportable segments: •Alarm.com segment •Other segment Our chief operating decision maker is our chief executive officer. Management determined the operational data used by the chief operating decision maker is that of the two reportable segments. Management bases strategic goals and decisions on these segments and the data presented below is used to measure financial results. Our Alarm.com segment represents our cloud-based platform and licenses and services on our non-hosted software platform for intelligently connected properties and related solutions that contributed 87% and 88% of our revenue, net of intersegment eliminations, for the three and six months ended June 30, 2026, respectively, as compared to 92% for the same periods in the prior year. Our Other segment is focused on researching, developing and offering residential and commercial automation solutions and energy management products and services in adjacent markets. Inter-segment revenue includes sales of hardware between our segments. Management evaluates the performance of its segments and allocates resources to them based on operating income / (loss) as compared to prior periods and current performance levels. The reportable segment operational data is presented in the tables below (in thousands):
| Three Months Ended June 30, 2026
| Alarm.com |  | Other |  | Intersegment Alarm.com |  | Intersegment Other |  | Total
SaaS and license revenue | $ | 159,781 |  |  | $ | 28,997 |  |  | $ | — |  |  | $ | — |  |  | $ | 188,778 |
Hardware and other revenue | 83,314 |  |  | 6,989 |  |  | (951) |  |  | (396) |  |  | 88,956 |
Total revenue | 243,095 |  |  | 35,986 |  |  | (951) |  |  | (396) |  |  | 277,734 |
Cost of SaaS and license revenue | 18,282 |  |  | 11,635 |  |  | 99 |  |  | (99) |  |  | 29,917 |
Cost of hardware and other revenue | 60,695 |  |  | 6,422 |  |  | (978) |  |  | (403) |  |  | 65,736 |
Total cost of revenue | 78,977 |  |  | 18,057 |  |  | (879) |  |  | (502) |  |  | 95,653 |
Selling and marketing expense | 24,886 |  |  | 8,093 |  |  | — |  |  | — |  |  | 32,979 |
General and administrative expense | 33,048 |  |  | 3,598 |  |  | — |  |  | — |  |  | 36,646 |
Research and development expense | 60,222 |  |  | 10,786 |  |  | — |  |  | — |  |  | 71,008 |
Amortization and depreciation expense | 7,272 |  |  | 1,692 |  |  | — |  |  | — |  |  | 8,964 |
Total operating expenses | 125,428 |  |  | 24,169 |  |  | — |  |  | — |  |  | 149,597 |
Operating income / (loss) | $ | 38,690 |  |  | $ | (6,240) |  |  | $ | (72) |  |  | $ | 106 |  |  | $ | 32,484 |
Reconciliation of operating income to income before income taxes |  |  |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  |  |  | $ | 32,484 |
Interest expense |  |  |  |  |  |  |  |  | (3,543) |
Interest income |  |  |  |  |  |  |  |  | 4,491 |
Other expense, net |  |  |  |  |  |  |  |  | (2,336) |
Income before income taxes |  |  |  |  |  |  |  |  | $ | 31,096 |
| Three Months Ended June 30, 2025
| Alarm.com |  | Other |  | Intersegment Alarm.com |  | Intersegment Other |  | Total
SaaS and license revenue | $ | 150,997 |  |  | $ | 18,996 |  |  | $ | — |  |  | $ | — |  |  | $ | 169,993 |
Hardware and other revenue | 82,873 |  |  | 2,641 |  |  | (663) |  |  | (536) |  |  | 84,315 |
Total revenue | 233,870 |  |  | 21,637 |  |  | (663) |  |  | (536) |  |  | 254,308 |
Cost of SaaS and license revenue | 17,489 |  |  | 6,164 |  |  | 87 |  |  | (87) |  |  | 23,653 |
Cost of hardware and other revenue | 62,483 |  |  | 2,417 |  |  | (551) |  |  | (540) |  |  | 63,809 |
Total cost of revenue | 79,972 |  |  | 8,581 |  |  | (464) |  |  | (627) |  |  | 87,462 |
Selling and marketing expense | 25,035 |  |  | 6,101 |  |  | — |  |  | — |  |  | 31,136 |
General and administrative expense | 25,345 |  |  | 1,739 |  |  | — |  |  | — |  |  | 27,084 |
Research and development expense | 61,257 |  |  | 7,813 |  |  | — |  |  | — |  |  | 69,070 |
Amortization and depreciation expense | 7,239 |  |  | 295 |  |  | — |  |  | — |  |  | 7,534 |
Total operating expenses | 118,876 |  |  | 15,948 |  |  | — |  |  | — |  |  | 134,824 |
Operating income / (loss) | $ | 35,022 |  |  | $ | (2,892) |  |  | $ | (199) |  |  | $ | 91 |  |  | $ | 32,022 |
Reconciliation of operating income to income before income taxes |  |  |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  |  |  | $ | 32,022 |
Interest expense |  |  |  |  |  |  |  |  | (4,321) |
Interest income |  |  |  |  |  |  |  |  | 11,808 |
Other expense, net |  |  |  |  |  |  |  |  | (175) |
Income before income taxes |  |  |  |  |  |  |  |  | $ | 39,334 |
| Alarm.com |  | Other |  | Intersegment Alarm.com |  | Intersegment Other |  | Total
Total assets as of June 30, 2026 | $ | 1,711,476 |  |  | $ | 181,724 |  |  | $ | (236,112) |  |  | $ | (110) |  |  | $ | 1,656,978 |
Total assets as of December 31, 2025 | 2,181,210 |  |  | 190,095 |  |  | (234,681) |  |  | (33) |  |  | 2,136,591 |
| Six Months Ended June 30, 2026
| Alarm.com |  | Other |  | Intersegment Alarm.com |  | Intersegment Other |  | Total
SaaS and license revenue | $ | 317,173 |  |  | $ | 53,129 |  |  | $ | — |  |  | $ | — |  |  | $ | 370,302 |
Hardware and other revenue | 164,338 |  |  | 11,007 |  |  | (1,977) |  |  | (743) |  |  | 172,625 |
Total revenue | 481,511 |  |  | 64,136 |  |  | (1,977) |  |  | (743) |  |  | 542,927 |
Cost of SaaS and license revenue | 36,441 |  |  | 21,371 |  |  | 195 |  |  | (195) |  |  | 57,812 |
Cost of hardware and other revenue | 121,604 |  |  | 9,564 |  |  | (2,032) |  |  | (784) |  |  | 128,352 |
Total cost of revenue | 158,045 |  |  | 30,935 |  |  | (1,837) |  |  | (979) |  |  | 186,164 |
Selling and marketing expense | 51,541 |  |  | 15,872 |  |  | — |  |  | — |  |  | 67,413 |
General and administrative expense | 58,614 |  |  | 5,486 |  |  | — |  |  | — |  |  | 64,100 |
Research and development expense | 121,537 |  |  | 21,530 |  |  | — |  |  | — |  |  | 143,067 |
Amortization and depreciation expense | 14,684 |  |  | 3,372 |  |  | — |  |  | — |  |  | 18,056 |
Total operating expenses | 246,376 |  |  | 46,260 |  |  | — |  |  | — |  |  | 292,636 |
Operating income / (loss) | $ | 77,090 |  |  | $ | (13,059) |  |  | $ | (140) |  |  | $ | 236 |  |  | $ | 64,127 |
Reconciliation of operating income to income before income taxes |  |  |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  |  |  | $ | 64,127 |
Interest expense |  |  |  |  |  |  |  |  | (7,215) |
Interest income |  |  |  |  |  |  |  |  | 9,422 |
Other income / (expense), net |  |  |  |  |  |  |  |  | (6,245) |
Income before income taxes |  |  |  |  |  |  |  |  | $ | 60,089 |
| Six Months Ended June 30, 2025
| Alarm.com |  | Other |  | Intersegment Alarm.com |  | Intersegment Other |  | Total
SaaS and license revenue | $ | 298,645 |  |  | $ | 35,148 |  |  | $ | — |  |  | $ | — |  |  | $ | 333,793 |
Hardware and other revenue | 156,922 |  |  | 4,531 |  |  | (1,336) |  |  | (780) |  |  | 159,337 |
Total revenue | 455,567 |  |  | 39,679 |  |  | (1,336) |  |  | (780) |  |  | 493,130 |
Cost of SaaS and license revenue | 34,272 |  |  | 10,949 |  |  | 171 |  |  | (171) |  |  | 45,221 |
Cost of hardware and other revenue | 118,369 |  |  | 4,183 |  |  | (1,210) |  |  | (867) |  |  | 120,475 |
Total cost of revenue | 152,641 |  |  | 15,132 |  |  | (1,039) |  |  | (1,038) |  |  | 165,696 |
Selling and marketing expense | 47,502 |  |  | 12,183 |  |  | — |  |  | — |  |  | 59,685 |
General and administrative expense | 50,181 |  |  | 3,904 |  |  | — |  |  | — |  |  | 54,085 |
Research and development expense | 121,941 |  |  | 15,496 |  |  | — |  |  | — |  |  | 137,437 |
Amortization and depreciation expense | 13,967 |  |  | 591 |  |  | — |  |  | — |  |  | 14,558 |
Total operating expenses | 233,591 |  |  | 32,174 |  |  | — |  |  | — |  |  | 265,765 |
Operating income / (loss) | $ | 69,335 |  |  | $ | (7,627) |  |  | $ | (297) |  |  | $ | 258 |  |  | $ | 61,669 |
Reconciliation of operating income to income before income taxes |  |  |  |  |  |  |  |  |
Operating income |  |  |  |  |  |  |  |  | $ | 61,669 |
Interest expense |  |  |  |  |  |  |  |  | (8,635) |
Interest income |  |  |  |  |  |  |  |  | 24,179 |
Other income / (expense), net |  |  |  |  |  |  |  |  | (2,835) |
Income before income taxes |  |  |  |  |  |  |  |  | $ | 74,378 |
Cash additions to property and equipment for our segments are as follows (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
Alarm.com | $ | 4,623 |  |  | $ | 4,544 |  |  | $ | 5,368 |  |  | $ | 10,656 |
Other | 224 |  |  | 8 |  |  | 391 |  |  | 11 |
We derived substantially all revenue from North America for the three and six months ended June 30, 2026 and 2025. Substantially all of our long-lived assets were in North America as of June 30, 2026 and December 31, 2025.

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