v3.25.4
Segment and geographic information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment and geographic information Segment and geographic information
Operating segments are components of the Company for which separate financial information is available and is regularly reviewed and evaluated by the chief operating decision maker (“CODM”) to assess performance of each operating segment and to allocate resources. The Company’s CODM is the Chief Executive Officer (“CEO”).
The Company operates as a single operating segment engaged in delivery of various software development and hosting services to customers across its five main industry-based verticals: TMT, Retail, CPG/Manufacturing, Finance, and Healthcare and Pharma. The Company derives revenues from multiple locations; however, North America continues to be its main sales market.
The Company’s determination that it operates as a single segment is based on the financial information regularly reviewed by the CODM. The CODM assesses core operating performance and allocates operating and capital resources of the Company based on gross profit, income/(loss) from operations and net income/(loss) that are also reported on the consolidated statement of income/(loss). All three metrics are used to analyze budget-to-actual variances on a monthly and quarterly basis and to decide on the allocation of operating and capital resources to a single segment or new acquisitions. Additionally, the CODM reviews operating expenses, including cost of revenues, engineering, research, and development, sales and marketing, general and administrative expenses and trade receivable the consolidated level to manage the Company’s operations. The Company
does not generate, analyze and evaluate any discrete financial information for individual verticals or sales markets as of the reporting date. The CODM does not evaluate operating performance using asset or liability information.
Geographic Information
The following table presents revenues by customer location for the years ended December 31, 2025, 2024, and 2023. The Company attributes customers to respective countries based upon location of the customer served.
For the years ended December 31,
202520242023
(in thousands)
United States$289,138 $277,741 $238,155 
United Kingdom45,193 25,264 31,880 
Poland
14,005 6,048 1,860 
Other63,491 41,518 41,015 
Total$411,827 $350,571 $312,910 
Long-lived assets include property and equipment, net of accumulated depreciation and amortization. Physical locations and values of the Company’s long-lived assets are summarized below:
As of December 31,
20252024
(in thousands)
Poland$5,672 $3,010 
Serbia2,375 2,350 
Ukraine2,174 2,067 
United States1,491 2,101 
Armenia1,364 981 
Moldova1,329 808 
Other3,261 2,701 
Total$17,666 $14,018