Note 18 - Segment Information

12 Months Ended

Dec. 31, 2025

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

18. Segment Information

The Company manages its business activities on a consolidated basis and operates in a single operating segment. Its products and services are sold throughout the world, through direct and indirect sales channels. The Company’s chief operating decision maker (the “CODM”) is the Chief Executive Officer. The CODM makes operating performance assessment and resource allocation decisions on a consolidated basis. The CODM does not review assets in evaluating the results of the segment.

The CODM assesses performance for the consolidated entity and decides how to allocate resources based on net income (loss) reported on the consolidated statements of income (loss). The CODM uses net income (loss) to monitor budgeted versus actual results and to conduct competitive analysis by benchmarking against industry peers. Additionally, net income (loss) serves as a basis for making strategic decisions, such as acquisitions and reinvestments into business, and establishing management compensation linked to segment performance.

The following table sets forth the information about the Company’s reported segment revenue, segment profit or loss, and significant segment expenses:

	Year Ended December 31,
	2025		2024			2023
	(in thousands)
Revenue:	$	419,497	$	330,482		$	271,825
Less:
People expenses		223,059		185,686			163,138
Stock based compensation		39,315		39,059			36,048
Cloud and server hosting services expenses		44,965		32,496			29,188
Marketing expenses		14,578		12,709			12,400
Other segment items (1)		62,460		89,674			52,552
Net income (loss)	$	35,120	$	(29,142	)	$	(21,501	)

⁽¹⁾ The other segment items category includes professional services, rent, software maintenance, travel, depreciation and amortization, certain overhead expense, and mark-to-market of earn-out shares liabilities and warrant liabilities.

Revenue by geography is based upon the billing address of the customer. All transfers between geographic regions have been eliminated from consolidated revenue. The following table sets forth revenue by geographic area:

	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Revenue:
North America	$	164,808	$	135,870	$	118,490
EMEA		134,312		99,256		81,753
APAC		120,377		95,356		71,582
Total revenue	$	419,497	$	330,482	$	271,825

The following table sets forth revenue generated by countries which represent more than 10% of total consolidated revenue:

	Year Ended December 31,
	2025		2024		2023
	(in thousands)
Revenue:
United States	$	162,642	$	135,288	$	115,799
Germany		56,094		41,765		35,775
Singapore		51,656		43,113		30,974

The following table sets forth property and equipment, net held within the United States, China and foreign countries:

	December 31,		December 31,
	2025		2024
	(in thousands)
Property and equipment, net:
United States	$	1,594	$	953
China		969		1,193
Other		3,457		3,143
Total property and equipment, net	$	6,020	$	5,289