Segment reporting and concentrations (Tables)

6 Months Ended

Jun. 30, 2026

Segment reporting and concentrations

Segment information for other significant income statement

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2026		2025		2026		2025
Revenues	$	92,142	$	58,393	$	182,238	$	116,737
Direct operating costs (1) (3)		49,682		35,370		99,986		70,462
Gross profit		42,460		23,023		82,252		46,275
Selling and administrative expenses (2) (4)		26,600		14,112		49,492		29,092
Segment operating income		15,860		8,911		32,760		17,183
Interest income, net		(1,695)		(577)		(2,137)		(704)
Income before provision for income taxes		17,555		9,488		34,897		17,887
Provision for income taxes		3,143		2,269		5,587		2,881
Net Income	$	14,412	$	7,219	$	29,310	$	15,006

(1) Direct operating costs consist of direct and indirect labor costs, occupancy costs, data center hosting fees, cloud services, AI technology subscriptions, content acquisition costs, depreciation and amortization, travel, telecommunications, computer services and supplies, realized (gain) loss on forward contracts, foreign currency revaluation (gain) loss, recruitment costs and other direct expenses that are incurred in providing services to customers.

(2) Selling and administrative expenses consist of payroll and related costs including commissions, bonuses, and stock-based compensation; marketing, advertising, trade conferences and related expenses; new services research and related software development expenses, software subscriptions, AI technology subscriptions, professional and consultant fees, provision for credit losses and other administrative overhead expenses.

(3) Includes non-cash expenses which consist mainly of depreciation, amortization of capitalized software development costs and stock-based compensation expense.

(4) Includes non-cash expenses which consist mainly of stock-based compensation and depreciation and amortization expense.

Schedule of revenue by geographic region

Revenues for the three and six-month periods ended June 30, 2026, and 2025 by geographic region (determined based upon customer’s domicile), were as follows (in thousands):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
United States	$	79,860	$	48,563	$	159,079	$	97,460
Canada		3,326		2,955		6,384		5,678
United Kingdom		2,950		2,470		5,729		4,897
The Netherlands		2,201		2,277		4,643		4,442
Others - European countries principally, Germany and Belgium		3,805		2,128		6,403		4,260
Totals	$	92,142	$	58,393	$	182,238	$	116,737

Schedule of long-lived assets by geographic region

Long-lived assets as of June 30, 2026 and December 31, 2025 by geographic region were comprised of (in thousands):

	June 30,		December 31,
	2026		2025
United States	$	13,614	$	12,576
Foreign countries:
Canada		6,024		6,325
Philippines		5,051		5,091
India		2,179		2,582
Sri Lanka		715		833
United Kingdom		546		653
Israel		55		56
Germany		4		6
Total foreign		14,574		15,546
Totals	$	28,188	$	28,122