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Operating Segments (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Information about Reportable Segments, Disaggregation of Revenue by Product | The Company provides information by reportable segment in the tables below (in thousands):
|  | Research Segment |  |  | Consulting Segment |  |  | Events Segment |  |  | Consolidated |
Three Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Research revenues |  | $ | 77,926 |  |  | $ | — |  |  | $ | — |  |  | $ | 77,926 |
Consulting revenues |  |  | 5,789 |  |  |  | 17,704 |  |  |  | — |  |  |  | 23,493 |
Events revenues |  |  | — |  |  |  | — |  |  |  | 10,240 |  |  |  | 10,240 |
Total segment revenues |  |  | 83,715 |  |  |  | 17,704 |  |  |  | 10,240 |  |  |  | 111,659 |
Segment expenses (1): |  |  |  |  |  |  |  |  |  |  |  |
Compensation, benefits and related costs |  |  | (23,414 | ) |  |  | (7,256 | ) |  |  | (831 | ) |  |  | (31,501 | )
Direct cost of events |  |  | — |  |  |  | — |  |  |  | (8,973 | ) |  |  | (8,973 | )
Professional services |  |  | (1,657 | ) |  |  | (1,010 | ) |  |  | (77 | ) |  |  | (2,744 | )
Billable expenses |  |  | (102 | ) |  |  | (1,756 | ) |  |  | — |  |  |  | (1,858 | )
Travel and entertainment |  |  | (628 | ) |  |  | (130 | ) |  |  | (34 | ) |  |  | (792 | )
Software |  |  | (354 | ) |  |  | — |  |  |  | (17 | ) |  |  | (371 | )
Other segment expenses (2) |  |  | (27 | ) |  |  | (4 | ) |  |  | (7 | ) |  |  | (38 | )
Total segment expenses |  |  | (26,182 | ) |  |  | (10,156 | ) |  |  | (9,939 | ) |  |  | (46,277 | )
Segment operating income |  |  | 57,533 |  |  |  | 7,548 |  |  |  | 301 |  |  |  | 65,382 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  | (55,718 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  | (2,217 | )
Restructuring and related costs |  |  |  |  |  |  |  |  |  |  |  | (491 | )
Interest expense and other income |  |  |  |  |  |  |  |  |  |  |  | 160 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 7,116 |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|  | Research Segment |  |  | Consulting Segment |  |  | Events Segment |  |  | Consolidated |
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Research revenues |  | $ | 83,663 |  |  | $ | — |  |  | $ | — |  |  | $ | 83,663 |
Consulting revenues |  |  | 5,500 |  |  |  | 19,311 |  |  |  | — |  |  |  | 24,811 |
Events revenues |  |  | — |  |  |  | — |  |  |  | 13,351 |  |  |  | 13,351 |
Total segment revenues |  |  | 89,163 |  |  |  | 19,311 |  |  |  | 13,351 |  |  |  | 121,825 |
Segment expenses (1): |  |  |  |  |  |  |  |  |  |  |  |
Compensation, benefits and related costs |  |  | (25,898 | ) |  |  | (7,489 | ) |  |  | (898 | ) |  |  | (34,285 | )
Direct cost of events |  |  | — |  |  |  | — |  |  |  | (8,934 | ) |  |  | (8,934 | )
Professional services |  |  | (3,110 | ) |  |  | (393 | ) |  |  | (15 | ) |  |  | (3,518 | )
Billable expenses |  |  | (144 | ) |  |  | (2,179 | ) |  |  | — |  |  |  | (2,323 | )
Travel and entertainment |  |  | (661 | ) |  |  | (79 | ) |  |  | (31 | ) |  |  | (771 | )
Software |  |  | (492 | ) |  |  | — |  |  |  | (4 | ) |  |  | (496 | )
Other segment expenses (2) |  |  | (151 | ) |  |  | (6 | ) |  |  | (8 | ) |  |  | (165 | )
Total segment expenses |  |  | (30,456 | ) |  |  | (10,146 | ) |  |  | (9,890 | ) |  |  | (50,492 | )
Segment operating income |  |  | 58,707 |  |  |  | 9,165 |  |  |  | 3,461 |  |  |  | 71,333 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  | (57,424 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  | (2,513 | )
Restructuring and related costs |  |  |  |  |  |  |  |  |  |  |  | (82 | )
Interest expense and other income |  |  |  |  |  |  |  |  |  |  |  | 252 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 11,566 |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|  | Research Segment |  |  | Consulting Segment |  |  | Events Segment |  |  | Consolidated |
Six Months Ended June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Research revenues |  | $ | 146,340 |  |  | $ | — |  |  | $ | — |  |  | $ | 146,340 |
Consulting revenues |  |  | 10,847 |  |  |  | 34,082 |  |  |  | — |  |  |  | 44,929 |
Events revenues |  |  | — |  |  |  | — |  |  |  | 10,266 |  |  |  | 10,266 |
Total segment revenues |  |  | 157,187 |  |  |  | 34,082 |  |  |  | 10,266 |  |  |  | 201,535 |
Segment expenses (1): |  |  |  |  |  |  |  |  |  |  |  |
Compensation, benefits and related costs |  |  | (45,966 | ) |  |  | (14,163 | ) |  |  | (1,558 | ) |  |  | (61,687 | )
Direct cost of events |  |  | — |  |  |  | — |  |  |  | (8,973 | ) |  |  | (8,973 | )
Professional services |  |  | (4,348 | ) |  |  | (1,523 | ) |  |  | (78 | ) |  |  | (5,949 | )
Billable expenses |  |  | (185 | ) |  |  | (3,113 | ) |  |  | — |  |  |  | (3,298 | )
Travel and entertainment |  |  | (1,017 | ) |  |  | (242 | ) |  |  | (38 | ) |  |  | (1,297 | )
Software |  |  | (731 | ) |  |  | — |  |  |  | (34 | ) |  |  | (765 | )
Other segment expenses (2) |  |  | (71 | ) |  |  | (14 | ) |  |  | (22 | ) |  |  | (107 | )
Total segment expenses |  |  | (52,318 | ) |  |  | (19,055 | ) |  |  | (10,703 | ) |  |  | (82,076 | )
Segment operating income (loss) |  |  | 104,869 |  |  |  | 15,027 |  |  |  | (437 | ) |  |  | 119,459 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  | (109,767 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  | (4,434 | )
Goodwill impairment |  |  |  |  |  |  |  |  |  |  |  | (83,895 | )
Restructuring and related costs |  |  |  |  |  |  |  |  |  |  |  | (1,998 | )
Interest expense, other income and loss on investments |  |  |  |  |  |  |  |  |  |  |  | (551 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  |  | $ | (81,186 | )
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.
|  | Research Segment |  |  | Consulting Segment |  |  | Events Segment |  |  | Consolidated |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Research revenues |  | $ | 160,244 |  |  | $ | — |  |  | $ | — |  |  | $ | 160,244 |
Consulting revenues |  |  | 10,143 |  |  |  | 37,809 |  |  |  | — |  |  |  | 47,952 |
Events revenues |  |  | — |  |  |  | — |  |  |  | 13,706 |  |  |  | 13,706 |
Total segment revenues |  |  | 170,387 |  |  |  | 37,809 |  |  |  | 13,706 |  |  |  | 221,902 |
Segment expenses (1): |  |  |  |  |  |  |  |  |  |  |  |
Compensation, benefits and related costs |  |  | (53,161 | ) |  |  | (15,869 | ) |  |  | (1,671 | ) |  |  | (70,701 | )
Direct cost of events |  |  | — |  |  |  | — |  |  |  | (8,934 | ) |  |  | (8,934 | )
Professional services |  |  | (6,761 | ) |  |  | (871 | ) |  |  | (18 | ) |  |  | (7,650 | )
Billable expenses |  |  | (292 | ) |  |  | (4,119 | ) |  |  | — |  |  |  | (4,411 | )
Travel and entertainment |  |  | (960 | ) |  |  | (163 | ) |  |  | (36 | ) |  |  | (1,159 | )
Software |  |  | (950 | ) |  |  | — |  |  |  | (8 | ) |  |  | (958 | )
Other segment expenses (2) |  |  | (276 | ) |  |  | (10 | ) |  |  | (1 | ) |  |  | (287 | )
Total segment expenses |  |  | (62,400 | ) |  |  | (21,032 | ) |  |  | (10,668 | ) |  |  | (94,100 | )
Segment operating income |  |  | 107,987 |  |  |  | 16,777 |  |  |  | 3,038 |  |  |  | 127,802 |
Selling, marketing, administrative and other expenses |  |  |  |  |  |  |  |  |  |  |  | (114,047 | )
Amortization of intangible assets |  |  |  |  |  |  |  |  |  |  |  | (5,027 | )
Restructuring and related costs |  |  |  |  |  |  |  |  |  |  |  | (6,706 | )
Interest expense and other income |  |  |  |  |  |  |  |  |  |  |  | 764 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  | $ | 2,786 |
(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. (2) Other segment expenses for each reportable segment includes office supplies, maintenance, and training expenses.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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