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Segment and geographic information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Significant Segment Information The following table provides significant segment information regularly provided to our CODM:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in thousands)
Revenue$176,501 $153,016 $344,122 $305,139 
Less:
Adjusted cost of revenue (1)
34,921 28,124 65,348 56,582 
Adjusted sales and marketing expense (2)
55,150 52,532 106,513 104,743 
Adjusted research and development expense (3)
31,136 27,517 59,475 55,129 
Adjusted general and administrative expense (4)
21,802 21,307 41,652 43,017 
Segment operating income33,492 23,536 71,134 45,668 
Adjustments and reconciling items:
Amortization expense13,045 10,139 22,734 20,349 
Stock-based compensation27,812 26,283 52,207 46,862 
Acquisition-related expense2,582 2,386 4,636 4,774 
Offering costs— 872 — 872 
Payroll taxes related to stock-based compensation301 330 2,176 1,618 
System transformation costs3,199 2,344 6,428 4,213 
Restructuring and other cost optimization charges
1,533 1,086 2,089 8,190 
Extraordinary legal settlements and non-recurring litigation costs
— 64 — (133)
Consolidated operating loss$(14,980)$(19,968)$(19,136)$(41,077)
(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, offering costs, 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 June 30,Six Months Ended June 30,
2025202420252024
(in thousands)
The Americas (1)
$117,490 $101,602 $226,746 $203,218 
Europe, the Middle East, India, and Africa43,945 39,297 87,391 78,310 
Asia Pacific15,066 12,117 29,985 23,611 
$176,501 $153,016 $344,122 $305,139 
(1) The vast majority of our Americas revenue comes from the U.S.