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Segment and Geographic Information | 6 Months Ended
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Jun. 28, 2026
Segment Reporting [Abstract] |
Segment and Geographic Information | Segment and Geographic Information Segment information We operate as one operating and reportable segment. Our Chief Executive Officer (“CEO”) is identified as the Chief Operating Decision Maker (“CODM”), who reviews financial information presented on a consolidated basis and considers budget-to-actual variances quarterly for allocation of operating and capital resources and evaluation of financial performance. The CODM does not review segment assets at a different asset level and category. The consolidated net income (loss) is the measure of segment net income (loss) that is most consistent with U.S. GAAP. The CODM is regularly provided with not only the consolidated expenses on our unaudited condensed consolidated statements of operations and comprehensive income (loss), but also the significant segment expenses and other segment items as below:
| Three Months Ended |  | Six Months Ended
| June 28, 2026 |  | June 29, 2025 |  | June 28, 2026 |  | June 29, 2025
| (In thousands)
Revenue | $ | 155,937 |  |  | $ | 129,405 |  |  | $ | 306,319 |  |  | $ | 248,471 |
Less: |  |  |  |  |  |  |
Cost of revenue | 80,721 |  |  | 71,330 |  |  | 158,435 |  |  | 137,669 |
Operating expenses: |  |  |  |  |  |  |
Personnel-related expense | 21,395 |  |  | 18,709 |  |  | 41,262 |  |  | 36,277 |
Stock-based compensation | 20,575 |  |  | 14,098 |  |  | 38,935 |  |  | 29,993 |
Outside professional services | 15,417 |  |  | 11,097 |  |  | 29,441 |  |  | 22,608 |
Marketing expenditure | 5,336 |  |  | 5,788 |  |  | 10,417 |  |  | 10,043 |
Credit card and in-app processing fee | 4,360 |  |  | 4,422 |  |  | 9,282 |  |  | 8,104 |
Other segment items (1) | 3,951 |  |  | 489 |  |  | 4,996 |  |  | (5) |
Depreciation and amortization | 436 |  |  | 518 |  |  | 877 |  |  | 1,075 |
Gain on sale of long-term investment | — |  |  | — |  |  | (6,423) |  |  | — |
Interest expense | 286 |  |  | 84 |  |  | 345 |  |  | 170 |
Provision (benefit) for income taxes | 432 |  |  | (254) |  |  | 847 |  |  | 248 |
Segment net income (loss) | $ | 3,028 |  |  | $ | 3,124 |  |  | $ | 17,905 |  |  | $ | 2,289 |
Reconciliation of profit or loss: |  |  |  |  |  |  |
Adjustments and reconciling items | — |  |  | — |  |  | — |  |  | — |
Consolidated net income (loss) | $ | 3,028 |  |  | $ | 3,124 |  |  | $ | 17,905 |  |  | $ | 2,289 |
_________________________ (1)Other segment items include acquisition-related expense, corporate IT and facility overhead, freight out expense, workforce reduction costs, interest income, foreign currency exchange gain (loss), net and others. Geographic information for revenue Revenue consists of subscriptions and services revenue and product sales, less allowances for estimated sales returns, price protection, end-user customer rebates, net changes in deferred revenue, and other channel sales incentives deemed to be a reduction of revenue per the authoritative guidance. Sales and usage-based taxes are excluded from revenue. For reporting purposes, revenue by geographic area is generally based upon the bill-to location of the customer. The following table presents revenue by geographic area.
| Three Months Ended |  | Six Months Ended
| June 28, 2026 |  | June 29, 2025 |  | June 28, 2026 |  | June 29, 2025
| (In thousands)
United States | $ | 86,875 |  |  | $ | 79,457 |  |  | $ | 168,548 |  |  | $ | 147,360 |
Spain | 38,418 |  |  | 25,653 |  |  | 77,567 |  |  | 56,820 |
Sweden | 22,700 |  |  | 13,086 |  |  | 43,450 |  |  | 22,538 |
Other countries | 7,944 |  |  | 11,209 |  |  | 16,754 |  |  | 21,753 |
Total | $ | 155,937 |  |  | $ | 129,405 |  |  | $ | 306,319 |  |  | $ | 248,471 |
Geographic information for long-lived assets Long-lived assets include property and equipment, net and operating lease right-of-use assets, net. Our long-lived assets are based on the physical location of the assets. The following table presents long-lived assets by geographic area.
| As of
| June 28, 2026 |  | December 31, 2025
| (In thousands)
United States | $ | 22,665 |  |  | $ | 20,242 |
Other countries | 1,491 |  |  | 2,111 |
Total | $ | 24,156 |  |  | $ | 22,353 |

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