Segment and geographic information

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment and geographic information

13. Segment and geographic information

The Company’s Chief Executive Officer is its CODM. The CODM reviews separate financial information presented for the Company’s two segments, Enterprise and Consumer, in order to allocate resources and evaluate the Company’s financial performance.

Financial information for each reportable segment was as follows (in thousands):

	Three Months Ended March 31,
	2023		2022
Revenue
Enterprise	$	95,242	$	64,911
Consumer	81,188		87,312
Total revenue	176,430		152,223
Segment cost of revenue
Enterprise	32,867		22,163
Consumer	37,496		39,797
Total segment cost of revenue	70,363		61,960
Segment gross profit
Enterprise	62,375		42,748
Consumer	43,692		47,515
Total segment gross profit	106,067		90,263
Reconciliation of segment gross profit to gross profit
Amortization of capitalized software	3,903		2,724
Amortization of intangible assets	725		725
Depreciation	117		189
Stock-based compensation	1,593		840
Total reconciling items	6,338		4,478
Total gross profit	$	99,729	$	85,785

Geographic information

Revenue: The following table summarizes the revenue by region based on the billing address of the Company’s customers (in thousands):

	Three Months Ended March 31,
	2023		2022
North America	$	71,707	$	60,588
Europe, Middle East, Africa	54,551		47,725
Asia Pacific	38,159		33,188
Latin America	12,013		10,722
Total revenue	$	176,430	$	152,223

No single country other than the United States represented 10% or more of the Company’s total revenue during the three months ended March 31, 2023 or 2022.

Long-lived assets: The following table presents the Company’s long-lived assets, which consist of tangible property and equipment, net of depreciation, and operating lease ROU assets, by geographic region (in thousands):

	March 31,		December 31,
	2023		2022
North America	$	11,083	$	12,782
Rest of world	4,933		5,556
Total long-lived assets	$	16,016	$	18,338