Segment and geographic information

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Revenue
Enterprise	$	101,619	$	74,627	$	196,861	$	139,538
Consumer	76,621		78,485		157,809		165,797
Total revenue	178,240		153,112		354,670		305,335
Segment cost of revenue
Enterprise	33,952		24,682		66,819		46,845
Consumer	35,132		36,211		72,628		76,008
Total segment cost of revenue	69,084		60,893		139,447		122,853
Segment gross profit
Enterprise	67,667		49,945		130,042		92,693
Consumer	41,489		42,274		85,181		89,789
Total segment gross profit	109,156		92,219		215,223		182,482
Reconciliation of segment gross profit to gross profit
Amortization of capitalized software	4,270		3,015		8,173		5,739
Amortization of intangible assets	725		726		1,450		1,450
Depreciation	111		189		228		379
Stock-based compensation	1,748		989		3,341		1,829
Total reconciling items	6,854		4,919		13,192		9,397
Total gross profit	$	102,302	$	87,300	$	202,031	$	173,085

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 June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
North America	$	71,814	$	62,863	$	143,521	$	123,451
Europe, Middle East, Africa	54,540		46,229		109,091		93,954
Asia Pacific	39,342		32,727		77,501		65,915
Latin America	12,544		11,293		24,557		22,015
Total revenue	$	178,240	$	153,112	$	354,670	$	305,335

No single country other than the United States represented 10% or more of the Company’s total revenue during the three and six months ended June 30, 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):

	June 30,		December 31,
	2023		2022
North America	$	9,782	$	12,782
Rest of world	4,291		5,556
Total long-lived assets	$	14,073	$	18,338