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Segment and Geographic Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

9. Segment and Geographic Information

The Company operates as one operating segment. The Company's chief operating decision maker (“CODM”) is its Chief Executive Officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2026 and 2025:

 

 

For the Three Months Ended March 31,

 

(in thousands, except per share data)

 

2026

 

 

2025

 

Revenues, net

 

$

24,313

 

 

$

23,840

 

Cost of revenues

 

 

3,407

 

 

 

2,935

 

Gross profit

 

 

20,906

 

 

 

20,905

 

Operating Expenses:

 

 

 

 

 

 

Selling and operating

 

 

20,001

 

 

 

20,022

 

Corporate, general and administration

 

 

2,333

 

 

 

1,897

 

Total operating expenses

 

 

22,334

 

 

 

21,919

 

Loss from operations

 

 

(1,428

)

 

 

(1,014

)

Interest and other income, net

 

 

16

 

 

 

(136

)

Loss before income taxes

 

 

(1,412

)

 

 

(1,150

)

Income tax expense

 

 

34

 

 

 

48

 

Loss from continuing operations

 

$

(1,446

)

 

$

(1,198

)

Loss from discontinued operations

 

 

—

 

 

 

(21

)

Net loss

 

$

(1,446

)

 

$

(1,219

)

Net loss attributable to noncontrolling interests

 

 

(191

)

 

 

(205

)

Net loss attributable to common shareholders

 

$

(1,255

)

 

$

(1,014

)

 

Geographic Information

We have members in the United States and over 185 foreign countries. The major geographic territories are the U.S., Canada and Australia, which are determined based on the member's billing location.

The following represents geographical data for our operations:

 

 

For the Three Months Ended March 31,

 

(in thousands)

 

2026

 

 

2025

 

Revenue:

 

 

 

 

 

 

United States

 

$

13,758

 

 

$

14,221

 

International

 

 

10,555

 

 

 

9,619

 

 

 

$

24,313

 

 

$

23,840