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Segment Data | 3 Months Ended
--- | ---
Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Data | Segment Data Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company has determined that its chief executive officer (“CEO”) is its CODM. The Company manages its operations as a single segment for the purpose of assessing and making operating decisions. The Company’s CODM allocates resources and assesses performance based upon financial information at the consolidated level. The accounting policies of the Company's single segment are the same as those described in the summary of significant accounting policies. The inter-companies balances and transactions are eliminated. As the Company operates and reports in a single reportable segment, the Company's CODM assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets. The CODM uses net income and other performance indicators to evaluate income generated from segment assets (return on assets) in deciding whether to reinvest profits into the segment or into other parts of the entity, such as for acquisitions. Net income is also used to monitor budget versus actual results. The Company manages the business activities on a consolidated basis. The Company's operating segment provides technology-enabled services and software products to its customers. The Company’s revenue consists of fees for its software products and services. The revenue is primarily generated from Americas. See item (i) - Revenue recognition under Note 2. “Summary of Significant Accounting Policies", for a description of the Company’s revenue categories. The following table summarizes revenue by geographic area for the three months ended March 31, 2026 and 2025:
|  | THREE MONTHS ENDED MARCH 31,
|  | 2026 |  | 2025
| (In thousands)
Revenue(1): |  |  |  |
Americas |  | $ | 70,254 |  |  | $ | 71,953 |
EMEA |  | 28,123 |  |  | 25,790 |
Asia Pacific |  | 8,538 |  |  | 8,261 |
Total |  | $ | 106,915 |  |  | $ | 106,004 |
___________________________________ (1) Revenue is attributable to the countries based on the location of the customer. The following table presents information about reported segment revenue, segment profit or loss, and significant segment expenses.
| THREE MONTHS ENDED MARCH 31,
| 2026 |  | 2025
| (In thousands)
Revenues | $ | 106,915 |  |  | $ | 106,004 |
Less: |  |  |
Employee expense-non equity | 61,964 |  |  | 59,565 |
Equity-based compensation expense | 7,320 |  |  | 7,070 |
Equipment and software expense | 4,926 |  |  | 3,820 |
Direct cost of revenues | 1,924 |  |  | 1,717 |
Professional services expense | 7,905 |  |  | 7,303 |
Change in contingent consideration | 7,230 |  |  | (179) |
Depreciation and amortization | 19,089 |  |  | 18,614 |
Other segment expense (income)* | (441) |  |  | (1,254) |
Interest expense | 4,941 |  |  | 4,806 |
Income tax expense (benefit) | 820 |  |  | (201) |
Segment net income (loss) | $ | (8,763) |  |  | $ | 4,743 |
Reconciliation of profit or loss |  |  |
Adjustments and reconciling items | — |  |  | — |
Consolidated net income (loss) | $ | (8,763) |  |  | $ | 4,743 |
* Other segment expense (income) items included in segment net income include facilities related expense, marketing, travel, insurance, foreign currency exchange gains and losses, and other overhead expense.

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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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