Business Segment

3 Months Ended

Mar. 31, 2026

Business Segment

Business Segment

Note 17. Business Segment

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is our chief executive officer, who assesses financial performance for the Company and decides how to allocate resources based on consolidated net income. Segment asset information is provided to the CODM but it is not used to allocate resources.

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:

	Three months ended March 31,
	2026		2025
	(in thousands)
Revenue:	$	198,956	$	192,563
Less:
Cost of revenue		118,375		103,795
Research and development		28,516		27,128
Sales and marketing		17,354		15,124
General and administrative		26,761		17,357
Total other income		2,675		3,925
Income tax provision		1,411		4,505
Segment Net Income		9,214		28,579
Reconciliation of profit or loss Adjustments and reconciling items		-		-
Net income	$	9,214	$	28,579

The above table includes depreciation expense and amortization expense of $4.4 million and $4.3 million for the three month periods ended March 31, 2026 and 2025, respectively.