SEGMENT REPORTING AND GEOGRAPHIC INFORMATION
We have one operating and reportable segment. Our operations involve similar products and customers worldwide. Revenue earned is primarily derived from the sale of software titles, which are developed internally and by third parties. Our Chief Executive Officer, who is our Chief Operating Decision Maker ("CODM"), manages our operations on a consolidated basis. Our CODM uses consolidated net income (loss) – supplemented by sales information by product category, major product title, and platform – for the purpose of evaluating performance and allocating resources. All significant expense categories are presented on our Consolidated Statements of Operations. Our other segment items include Depreciation and amortization, Business reorganization, Interest and other, net, and Provision for (benefit from) income taxes. The measure of segment assets is reported on the Consolidated Balance Sheet as Total assets. The CODM does not review segment assets at a level other than that presented on the Consolidated Balance Sheet.
Geography
We attribute net revenue to geographic regions based on software product destination. Net revenue by geographic region was as follows:
| | | | | | | | | | | | | | | | | | | | |
| | Fiscal Year Ended March 31, |
| | 2026 | | 2025 | | 2024 |
| Net revenue recognized: | | | | | | |
| United States | | $ | 3,940.4 | | | $ | 3,406.8 | | | $ | 3,279.2 | |
| International | | 2,716.0 | | | 2,226.8 | | | 2,070.4 | |
| Total net revenue | | $ | 6,656.4 | | | $ | 5,633.6 | | | $ | 5,349.6 | |
The following represents our fixed assets, net by location:
| | | | | | | | | | | | | | |
| | March 31, |
| | 2026 | | 2025 |
| Fixed assets, net: | | | | |
| United States | | $ | 274.5 | | | $ | 263.5 | |
| International | | 170.9 | | | 180.3 | |
| Fixed assets, net | | $ | 445.4 | | | $ | 443.8 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.