v3.26.1
SEGMENT AND GEOGRAPHIC INFORMATION
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION
Segment Information
The Company operates under one reportable segment which contains our residential, commercial, and termite and ancillary service offerings. The Company's chief operating decision maker ("CODM") is the chief executive officer. The CODM uses net income to assess financial performance and allocate resources. This financial metric is used by the CODM to make key operating decisions, such as the determination of the rate of growth investments and the allocation of budget between cost categories. The measure of segment assets is reported on the condensed consolidated statements of financial position as total consolidated assets.
The following table presents selected financial information with respect to the Company’s single reportable segment:


Three Months Ended March 31,
(in thousands)20262025
Revenue$906,424 $822,504 
Less:
Cost of services provided (exclusive of depreciation and amortization below):
Employee expenses289,722 261,724 
Materials and supplies53,217 48,491 
Insurance and claims21,147 16,524 
Fleet expenses42,172 36,857 
Other cost of services provided (1)
39,264 36,538 
Total cost of services provided (exclusive of depreciation and amortization below)$445,522 $400,134 
Sales, general and administrative:
Selling and marketing expenses111,999 98,250 
Administrative employee expenses89,749 81,481 
Insurance and claims12,583 10,004 
Fleet expenses10,262 9,403 
Other sales, general and administrative (2)
58,325 51,375 
Total sales, general and administrative$282,918 $250,513 
Depreciation and amortization32,498 29,209 
Interest expense, net8,851 5,796 
Other (income) expense, net(463)(692)
Income tax expense29,260 32,296 
Net income$107,838 $105,248 

1) Other cost of services provided includes facilities costs, professional services, maintenance and repairs, software license costs, and other expenses directly related to providing services.
2) Other sales, general and administrative includes facilities costs, professional services, maintenance and repairs, software license costs, bad debt expense, and other administrative expenses.

See the condensed consolidated financial statements for other financial information regarding the Company’s reportable segment. See Note 4, Revenue for further information on revenue.

Geographic Information

The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized in the condensed consolidated statements of financial position were located as follows:

(in thousands)March 31,
2026
December 31,
2025
United States$491,154 $504,593 
International46,446 46,122