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Segment Reporting and Customer Concentration (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2025 and 2024:


	Quarter Ended				Nine Months Ended
	September 30, 2025		September 30, 2024		September 30, 2025		September 30, 2024
Revenue	$	303,615	$	295,143	$	900,196	$	880,596
Less:
Cost of revenue:
Transaction fees		24,333		22,524		78,100		71,793
All other (1)		131,384		125,319		379,243		386,564
Total cost of revenue		155,717		147,843		457,343		458,357
Research and development (1)		39,631		40,498		119,069		114,421
Selling and marketing (1)		26,223		28,037		80,098		85,625
General and administrative (1)		27,546		28,690		83,241		81,109
Restructuring and reorganization charges (1)		5,591		2,943		17,547		12,040
Stock-based compensation		8,818		8,759		26,292		25,821
Other segment items (2)		6,382		6,816		26,881		8,998
Interest expense		7,367		7,778		21,964		22,982
Income tax provision		5,857		4,691		18,881		18,859
Segment net income		20,483		19,088		48,880		52,384
Reconciliation of profit or loss:
Adjustments and reconciling items		-		-		-		-
Consolidated net income	$	20,483	$	19,088	$	48,880	$	52,384

(1)

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

(2)

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