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Segment and geographic information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information The following table provides significant expenses included in segment operating income regularly provided to our CODM:
Three Months Ended March 31,
20252024
(in thousands)
Revenue$167,621 $152,123 
Less:
Adjusted cost of revenue (1)
30,427 28,458 
Adjusted sales and marketing expense (2)
51,363 52,211 
Adjusted research and development expense (3)
28,339 27,612 
Adjusted general and administrative expense (4)
19,850 21,710 
Segment operating income37,642 22,132 
Adjustments and reconciling items:
Amortization expense9,689 10,210 
Stock-based compensation24,395 20,579 
Acquisition-related expense2,054 2,388 
Payroll taxes related to stock-based compensation1,875 1,288 
System transformation costs3,229 1,869 
Restructuring and other cost optimization charges
556 7,104 
Extraordinary legal settlements and non-recurring litigation costs
— (197)
Consolidated operating loss$(4,156)$(21,109)
(1) Adjusted cost of revenue includes cost of revenue in accordance with GAAP adjusted for amortization expense, stock-based compensation expense, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, and restructuring and other cost optimization charges.
(2) Adjusted sales and marketing expense includes sales and marketing expense in accordance with GAAP adjusted for stock-based compensation expense, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, and restructuring and other cost optimization charges.
(3) Adjusted research and development expense includes research and development expense in accordance with GAAP adjusted for stock-based compensation expense, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, and restructuring and other cost optimization charges.
(4) Adjusted general and administrative expense includes general and administrative expense in accordance with GAAP adjusted for stock-based compensation expense, acquisition-related expense, payroll taxes related to stock-based compensation, system transformation costs, restructuring and other cost optimization charges, and extraordinary legal settlements and non-recurring litigation costs.
Schedule of Revenue by Geographic Region
Revenue by geographic region as determined based on the location where the sale originated were as follows:
Three Months Ended March 31,
20252024
(in thousands)
The Americas (1)
$109,256 $101,616 
Europe, the Middle East, India, and Africa43,446 39,013 
Asia Pacific14,919 11,494 
$167,621 $152,123 
(1) The vast majority of our Americas revenue comes from the U.S.