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REVENUE (Tables)
9 Months Ended
Sep. 30, 2024
REVENUE  
Schedule of revenue recognized from contracts with customers as well as revenue from other sources

Three months ended September 30, 

 

Nine months ended September 30, 

    

2024

    

2023

    

2024

2023

Revenue recognized at a point in time

$

179,641

$

144,665

$

510,188

$

417,788

Revenue recognized over time

 

719

 

537

1,873

16,265

Revenue from contracts with customers

$

180,360

$

145,202

$

512,061

$

434,053

Interest income on customer balances

$

65,162

$

60,416

$

196,251

$

165,767

Capital advance income

2,752

2,417

7,665

6,963

Revenue from other sources

$

67,914

$

62,833

$

203,916

$

172,730

Total revenues

$

248,274

$

208,035

$

715,977

$

606,783

Schedule of revenue disaggregated by primary geographical market

Three months ended

 

Nine months ended

September 30, 

September 30, 

    

2024

    

2023

    

2024

    

2023

Primary regional markets

 

  

 

  

Greater China1

$

85,111

$

72,513

$

250,908

$

207,700

Europe2

48,666

42,378

137,730

122,698

Asia-Pacific2

37,770

29,145

107,360

81,911

North America3

 

25,162

 

22,358

 

70,970

73,935

South Asia, Middle East and North Africa2

26,809

22,181

76,648

63,837

Latin America2

24,756

19,460

72,361

56,702

Total revenues

$

248,274

$

208,035

$

715,977

$

606,783

(1)

Greater China is inclusive of mainland China, Hong Kong, Macao and Taiwan.

(2)

No single country included in any of these regions generated more than 10% of total revenue.

(3)

The United States is the Company’s country of domicile. Of North America revenues, the U.S. represents $24,030 and $21,348 during the three months ended September 30, 2024 and 2023, respectively, and $67,600 and $70,919 during the nine months ended September 30, 2024 and 2023, respectively.