XML 32 R22.htm IDEA: XBRL DOCUMENT v3.25.1
COST OF REVENUE
 3 Months Ended
Mar. 31, 2025
Cost of Revenue [Abstract]  
COST OF REVENUE COST OF REVENUE
Cost of revenue principally includes payroll and employee benefits associated with personnel employed in customer service, operations and technology roles, fees paid to external providers related to the provision of services, reimbursable expenses, technology and telecommunications costs as well as depreciation and amortization of operating assets. The components of cost of revenue were as follows:
Three months ended
March 31,
(in thousands)20252024
Outside fees and services$17,021 $14,446 
Compensation and benefits7,519 7,113 
Technology and telecommunications2,982 2,886 
Reimbursable expenses2,471 2,537 
Depreciation and amortization121 183 
Total$30,114 $27,165 
Transactions with Related Parties
The Company recognized $0.2 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively, of cost of revenue relating to services received from Aldridge Pite. As of March 31, 2025, the Company had no payable to Aldridge Pite.