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Segment Reporting and Customer Concentration (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Reconciliation of Consolidated Net Income

The following table provides the significant expenses that are regularly provided to our CODM for our one segment, the required disclosable amounts that are included in consolidated net income, and a reconciliation to consolidated net income for the quarters ended March 31, 2025 and 2024:


	Quarter Ended
	March 31, 2025		March 31, 2024
Revenue	$	299,453	$	295,135
Less:
Cost of revenue:
Transaction fees		27,901		25,062
All other (1)		125,233		133,323
Total cost of revenue		153,134		158,385
Research and development (1)		39,816		36,070
Selling and marketing (1)		26,673		29,199
General and administrative (1)		28,356		26,614
Restructuring and reorganization charges (1)		7,368		1,998
Stock-based compensation		8,712		7,869
Other segment items (2)		6,705		29
Interest expense		7,198		7,506
Income tax provision		5,361		7,998
Segment net income		16,130		19,467
Reconciliation of profit or loss:
Adjustments and reconciling items		-		-
Consolidated net income	$	16,130	$	19,467

(1)

These functional expense lines include depreciation expense, which is presented separately on our Income Statements.

(2)

Other segment items include acquisition-related costs (both transaction-related and amortization of acquired intangible assets), executive transition costs, interest income, loss on extinguishment of debt, and foreign currency gains/losses.