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Segment Information | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Segment Information | Segment Information Operating segments are defined as components of an entity for which separate financial information is available and that is regularly provided to the CODM in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the Company’s CODM. The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. The accounting policies of the Company’s reportable segment, as well as how the Company derives revenue, are consistent with those described in “Note 2—Basis of Presentation and Summary of Significant Accounting Policies” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. The CODM uses consolidated net income to assess performance, evaluate cost optimization, and allocate resources, including personnel-related and financial or capital resources, in the annual budget and forecasting process, as well as budget-to-actual variances on a monthly basis. As such, the Company has determined that it operates as one operating and reportable segment. The following tables set forth significant expense categories and other specified amounts included in consolidated net income that are otherwise regularly provided to the CODM for the three and six months ended June 30, 2025 and 2024:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Revenue | $ | 194,939 |  |  | $ | 193,129 |  |  | $ | 387,645 |  |  | $ | 384,066 |
Cost of revenue (1) | 40,470 |  |  | 41,590 |  |  | 79,672 |  |  | 83,498 |
Research and development (1) | 36,529 |  |  | 42,935 |  |  | 75,073 |  |  | 87,594 |
Sales and marketing (1) | 34,664 |  |  | 43,931 |  |  | 68,414 |  |  | 88,837 |
General and administrative (1)(2)(3) | 24,446 |  |  | 22,064 |  |  | 47,386 |  |  | 47,276 |
Provision for transaction losses | 1,769 |  |  | 1,774 |  |  | 4,028 |  |  | 2,701 |
Stock-based compensation expense | 15,977 |  |  | 19,238 |  |  | 28,249 |  |  | 36,180 |
Depreciation and amortization | 5,879 |  |  | 3,629 |  |  | 10,740 |  |  | 6,775 |
Interest income | (6,722) |  |  | (6,173) |  |  | (13,820) |  |  | (13,858) |
Interest expense | 686 |  |  | 691 |  |  | 1,372 |  |  | 1,384 |
Income tax provision | 5,717 |  |  | 1,181 |  |  | 12,994 |  |  | 2,510 |
Other segment items (4)(5) | 2,798 |  |  | 49 |  |  | 3,081 |  |  | 507 |
Segment net income | $ | 32,726 |  |  | $ | 22,220 |  |  | $ | 70,456 |  |  | $ | 40,662 |
(1) For all periods presented, excludes stock-based compensation and depreciation and amortization included in cost of revenue, research and development, sales and marketing, and general and administrative expenses, as these amounts are regularly provided to the CODM. (2) For all periods presented, excludes expenses related to the warrant to purchase 500,000 shares of the Company’s common stock at an exercise price of $0.01 per share issued to the Tides Foundation in 2018, which is referred to as the Tides Foundation Warrant. (3) For the three and six months ended June 30, 2025, excludes acquisition-related costs. (4) For the three and six months ended June 30, 2025 and 2024, the Company incurred $0.2 million and $0.4 million, respectively, of expenses related to the Tides Foundation Warrant. (5) For each of the three and six months ended June 30, 2025, the Company incurred acquisition-related costs of $2.5 million in connection with the Company’s business combinations. These costs primarily consist of legal, accounting, and other professional fees, and are recorded in general and administrative expenses in the condensed consolidated statements of operations. There are no reconciling items or adjustments between segment net revenues, net income, total assets and consolidated net revenues, net income and total assets. Substantially all of the Company’s long-lived assets were located in the United States as of June 30, 2025 and December 31, 2024.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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