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Segment Information
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s Chief Executive Officer is the chief operating decision maker, who reviews the Company’s financial information presented on a consolidated basis for purposes of allocating resources and evaluating the Company’s financial performance. The chief operating decision maker uses consolidated net income to view operating trends, perform analytical comparisons and benchmark performance between periods to monitor budget-to-actual variances on a quarterly basis when making decisions about the allocation of operating resources to the Company as a whole. Accordingly, the Company has determined that it operates in a single reporting segment. Refer to Note 3, “Revenue Recognition” to these unaudited condensed consolidated financial statements for revenue by geographic area. Further, long-lived assets outside of the United States are not significant.
Significant expenses are as follows (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue$40,919 $36,266 $115,678 $107,842 
Cost of Revenue(1)
10,008 9,740 29,194 27,880 
Gross Profit30,911 26,526 86,484 79,962 
Significant operating expenses:
     Personnel costs28,079 25,818 84,984 80,070 
     Professional services(2)
9,133 2,584 15,696 8,833 
     Rent and facilities1,206 1,148 3,504 3,285 
     Software expense3,365 3,216 9,849 9,254 
     Advertising expense1,116 1,322 3,035 3,614 
     Other segment items(3)
2,474 3,315 8,298 10,499 
Loss from operations(14,462)(10,877)(38,882)(35,593)
     Interest and other income, net937 1,837 3,499 5,328 
     Income tax provision(140)(118)(487)(309)
Net loss attributable to common stockholders$(13,665)$(9,158)$(35,870)$(30,574)
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(1)Includes depreciation and amortization expense of $0.6 million and $1.8 million for the three and nine months ended September 30, 2025, respectively, and $0.6 million and $1.7 million for the three and nine months ended September 30, 2024, respectively.
(2)Includes expenses related to the stockholder litigation of $7.0 million and $9.2 million for the three and nine months ended September 30, 2025, respectively, and $0.1 million and $0.7 million for the three and nine months ended September 30, 2024, respectively.
(3)Other segment items include various non-significant expenses including travel, insurance, and office expenses. Other segment items also include depreciation and amortization expense of $0.3 million and $1.0 million for the three and nine months ended September 30, 2025, respectively, and $0.4 million and $1.4 million for the three and nine months ended September 30, 2024, respectively.