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Operating Segments (Tables)
3 Months Ended
Mar. 31, 2026
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 March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

66,890

 

 

$

 

 

$

 

 

$

66,890

 

Consulting revenues

 

 

4,842

 

 

 

13,740

 

 

 

 

 

 

18,582

 

Events revenues

 

 

 

 

 

 

 

 

(18

)

 

 

(18

)

Total segment revenues

 

 

71,732

 

 

 

13,740

 

 

 

(18

)

 

 

85,454

 

Segment expenses (1):

 

 

 

 

 

 

 

 

 

 

 

 

  Compensation, benefits and related costs

 

 

(23,179

)

 

 

(6,955

)

 

 

(1,335

)

 

 

(31,469

)

  Professional services

 

 

(2,448

)

 

 

(731

)

 

 

 

 

 

(3,179

)

  Billable expenses

 

 

(73

)

 

 

(1,240

)

 

 

 

 

 

(1,313

)

  Travel and entertainment

 

 

(446

)

 

 

(75

)

 

 

(26

)

 

 

(547

)

  Software

 

 

(434

)

 

 

(10

)

 

 

(13

)

 

 

(457

)

  Other segment expenses (2)

 

 

(30

)

 

 

(10

)

 

 

(14

)

 

 

(54

)

Total segment expenses

 

 

(26,610

)

 

 

(9,021

)

 

 

(1,388

)

 

 

(37,019

)

Segment operating income (loss)

 

$

45,122

 

 

$

4,719

 

 

$

(1,406

)

 

 

48,435

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(52,038

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(2,081

)

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

 

(10,800

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(2,146

)

Interest expense and other income

 

 

 

 

 

 

 

 

 

 

 

(91

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

$

(18,721

)

 

(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 March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Research revenues

 

$

68,414

 

 

$

 

 

$

 

 

$

68,414

 

Consulting revenues

 

 

5,058

 

 

 

16,378

 

 

 

 

 

 

21,436

 

Events revenues

 

 

 

 

 

 

 

 

26

 

 

 

26

 

Total segment revenues

 

 

73,472

 

 

 

16,378

 

 

 

26

 

 

 

89,876

 

Segment expenses (1):

 

 

 

 

 

 

 

 

 

 

 

 

  Compensation, benefits and related costs

 

 

(22,552

)

 

 

(6,907

)

 

 

(1,299

)

 

 

(30,758

)

  Professional services

 

 

(2,691

)

 

 

(513

)

 

 

(1

)

 

 

(3,205

)

  Billable expenses

 

 

(83

)

 

 

(1,357

)

 

 

 

 

 

(1,440

)

  Travel and entertainment

 

 

(389

)

 

 

(112

)

 

 

(5

)

 

 

(506

)

  Software

 

 

(377

)

 

 

 

 

 

(17

)

 

 

(394

)

  Other segment expenses (2)

 

 

(44

)

 

 

(10

)

 

 

(16

)

 

 

(70

)

Total segment expenses

 

 

(26,136

)

 

 

(8,899

)

 

 

(1,338

)

 

 

(36,373

)

Segment operating income (loss)

 

$

47,336

 

 

$

7,479

 

 

$

(1,312

)

 

 

53,503

 

Selling, marketing, administrative and other expenses

 

 

 

 

 

 

 

 

 

 

 

(53,475

)

Amortization of intangible assets

 

 

 

 

 

 

 

 

 

 

 

(2,217

)

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

 

(83,895

)

Restructuring and related costs

 

 

 

 

 

 

 

 

 

 

 

(1,507

)

Interest expense, credit loss expense, other income, and loss on investments

 

 

 

 

 

 

 

 

 

 

 

(711

)

Loss before income taxes

 

 

 

 

 

 

 

 

 

 

$

(88,302

)

(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.