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Geographic and Segment Related Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Geographic and Segment Related Information

NOTE 16 - GEOGRAPHIC AND SEGMENT RELATED INFORMATION

Geographic Information

Long-lived assets consist primarily of property and equipment and ROU assets. The following table summarizes long-lived assets by geographic region (in thousands):

 

 

December 31,

 

 

 

2025

 

 

2024

 

U.S.

 

$

66,774

 

 

$

60,847

 

Europe

 

 

6,252

 

 

 

7,656

 

Asia and other

 

 

6,457

 

 

 

6,052

 

Total

 

$

79,483

 

 

$

74,555

 

See Note 3—Revenue for information on revenue by geographic region.

Segment Reporting

The Company has one operating and reportable segment. The Company’s technologies are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences. The Company’s Chief Executive Officer has been determined to be the chief operating decision maker (“CODM”) in accordance with the authoritative guidance on segment reporting. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on net income (loss) that also is reported on the statements of operations as consolidated net income (loss). The measure of segment assets is reported on the balance sheet as total consolidated assets.

The following table presents information about reported segment revenue, significant segment expenses, and segment net loss for the years ended December 31, 2025, 2024, and 2023 (in thousands):

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

Revenue

 

$

448,105

 

 

$

493,688

 

 

$

521,334

 

Less:

 

 

 

 

 

 

 

 

 

Cost of revenue, excluding depreciation and amortization of intangible assets (1)

 

 

126,648

 

 

 

113,756

 

 

 

118,628

 

Research and development (1)

 

 

135,054

 

 

 

191,352

 

 

 

222,833

 

Selling, general and administrative (1)

 

 

181,869

 

 

 

218,106

 

 

 

233,403

 

Depreciation expense

 

 

13,426

 

 

 

12,638

 

 

 

16,645

 

Amortization expense

 

 

34,839

 

 

 

43,376

 

 

 

57,752

 

Impairment of long-lived assets

 

 

—

 

 

 

1,535

 

 

 

1,710

 

Interest and other income, net

 

 

(6,093

)

 

 

(829

)

 

 

(2,991

)

Interest expense - debt

 

 

2,979

 

 

 

3,008

 

 

 

3,000

 

Gain on divestitures

 

 

—

 

 

 

(100,833

)

 

 

—

 

Provision for income taxes

 

 

15,722

 

 

 

12,448

 

 

 

10,042

 

Consolidated net loss

 

$

(56,339

)

 

$

(869

)

 

$

(139,688

)
(1)
Includes total salaries, bonuses, and employee benefits of $246.7 million, $278.0 million, and $323.4 million for the years ended December 31, 2025, 2024, and 2023, respectively.