v3.25.4
Segment Information and Geographic Information
 12 Months Ended
Nov. 30, 2025
Segment Reporting [Abstract]  
Segment Information and Geographic Information Segment Information and Geographic Information
Operating segments are components of an enterprise that engages in business activities for which discrete financial information is available and regularly reviewed by the chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. Our CODM is our Chief Executive Officer.

We operate as one operating and reportable segment that is managed on a consolidated basis and derives substantially all of its revenue from the sale and support of one group of similar products and services, comprised of software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The accounting policies of the Company's operating segment are the same as those described in Note 1, Nature of Business and Summary of Significant Accounting Policies. Our CODM does not receive profitability information at a lower level than consolidated results, and evaluates net income on a consolidated basis to set financial performance targets, assess performance, and make resource allocation decisions, primarily through comparison of actual results to forecasted results, year-over-year analysis, and review of historical performance trends. The measure of segment assets is reported on the Company's consolidated balance sheets as total consolidated assets.

The Company's significant expenses and other segment items are provided in the table below:

Fiscal Year Ended
 (in thousands)November 30, 2025November 30, 2024
November 30, 2023
Revenue
$977,831 $753,409 $694,439 
Cost of revenue (1)
140,537 97,720 93,432 
Sales and marketing (2)
197,736 155,606 149,279 
Product development (2)
172,855 132,791 120,187 
General and administrative (2)
81,952 68,817 64,615 
Stock-based compensation
64,768 46,756 40,529 
Amortization of intangibles
145,492 94,512 96,599 
Other segment items, net (3)
101,358 88,769 59,601 
Net income
$73,133 $68,438 $70,197 
(1)Excludes amortization of intangibles and stock-based compensation.
(2)Excludes stock-based compensation.
(3)Includes restructuring expenses, acquisition-related expenses, cyber incident and vulnerability response expenses, net, interest expense, interest income and other, net, foreign currency loss, net, and provision for income taxes.

Geographic Information
Revenue
See Note 12, Revenue Recognition, for a disaggregation of revenue by geographic region.

Long-lived assets
                                
Long-lived assets, comprised of our property and equipment, net, and operating lease right-of-use, net, totaled $15.9 million and $23.0 million in the U.S. and $23.6 million and $21.6 million outside of the U.S. at November 30, 2025 and 2024, respectively. No individual country outside of the U.S. accounted for more than 10% of our consolidated long-lived assets.