XML 33 R18.htm IDEA: XBRL DOCUMENT v3.25.2
Segment and Geographical Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and Geographical Information Segment and Geographical Information
We operate as one reportable segment. The accounting policies of the reportable segment are the same as those described in the summary of significant accounting policies. Our chief operating decision maker ("CODM") is our President, Chief Executive Officer and Chairperson of the Board, who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. The financial information reviewed by the CODM reflects quarterly and year-to-date operating results, with a primary focus on revenue, gross margin, operating margin and net income as reported on the consolidated statements of income. Consolidated financial information is used by the CODM to evaluate performance and make decisions regarding resource allocation and other strategic initiatives. This consolidated financial information is also what is used to establish and approve operating budgets and forecasts. The measure of segment assets is reported on the consolidated balance sheets in total. There was no change for each of the periods presented in the measurement methods used to determine reported segment profit and loss.
The CODM reviews the following significant segment expenses, which are presented separately on the Company’s consolidated statements of income: cost of product, cost of services, selling and marketing expenses, general and administrative expenses, and research and development expenses. Other segment items that are included in the calculation of the Company’s net income include other income (expense), net, which is further described in Note 3. Financial Statements Details and income taxes, which is further described in Note 8. Income Taxes. Other segment disclosures such as depreciation and amortization and stock-based compensation are disclosed in the Consolidated Statements of Cash Flows.
    The following table represents revenue based on customers’ shipping addresses (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
Americas(1)
$1,724.1 $1,374.2 $3,322.6 $2,629.6 
Europe, Middle East and Africa 281.6 178.8 456.2 320.4 
Asia-Pacific 199.1 137.4 430.8 311.8 
   Total revenue $2,204.8 $1,690.4 $4,209.6 $3,261.8 
(1) Includes $1,712.1 million and $1,362.7 million revenue generated from the U.S. for the three months ended June 30, 2025 and June 30, 2024, respectively, and $3,293.6 million and $2,595.5 million for the six months ended June 30, 2025 and June 30, 2024, respectively.
    Long-lived assets, net, excluding intercompany receivables, investments in subsidiaries, privately-held equity investments and deferred tax assets, by location are summarized as follows (in millions):
June 30, 2025December 31, 2024
United States $135.2 $83.5 
International 17.1 15.3 
   Total $152.3 $98.8