XML 46 R31.htm IDEA: XBRL DOCUMENT v3.26.1
Segment and Related Information (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Information of the Company's Segments
The following table presents revenues and significant segment expenses:

Three Months Ended
March 31,
(in thousands)20262025
Total revenues, net$123,973 $103,859 
Less:
Subscription service cost of sales(1)
27,247 21,178 
Hardware cost of sales(1)
22,853 16,385 
Professional service cost of sales(1)
11,587 10,002 
Sales and marketing(1)
11,975 11,456 
General and administrative(1)
23,444 21,541 
Research and development(1)
20,944 18,829 
Depreciation and amortization8,581 8,623 
Stock-based compensation7,203 7,181 
Transaction costs594 1,155 
Amortization of identifiable intangible assets3,431 3,259 
Operating loss$(13,886)$(15,750)
Other segment items(2)
(2,283)(8,600)
Net (loss) income$(16,169)$(24,350)

(1) These amounts exclude stock-based compensation expense, depreciation and amortization expense, and transaction costs, which are presented separately as additional significant segment expenses.
(2) Other segment items include other income (expense), net; gain (loss) on extinguishment of debt, net; interest expense, net; provision for income taxes; and net income from discontinued operations. See the condensed consolidated statements of operations for additional information on these amounts.

The following table presents revenues by geographic area based on the location of the customer:

Three Months Ended
March 31,
(in thousands)20262025
United States$102,903 $87,535 
International21,070 16,324 
Total$123,973 $103,859 
Schedule of Revenue by Geographic Area
The following table presents long-lived assets, which consist of property, plant, and equipment, net and lease right-of-use assets, by geographic area based on the location of the assets:

(in thousands)March 31, 2026December 31, 2025
United States$15,912 $15,369 
International5,979 6,093 
Total$21,891 $21,462 
Schedule of Revenue by Major Customers
Customers accounting for 10% or more of the Company’s total revenues are summarized as follows:

Three Months Ended
March 31,
20262025
McDonald’s Corporation25 %19 %
All Others75 %81 %
Total100 %100 %