Our selling and marketing expense was $48.7 million, or 25% of total revenues, an increase of $5 million and approximately 11.4% from the prior year period. For the year, our selling and marketing expense was $178.6 million, up 15.3% from last year. The increase in selling and marketing expense in the fourth quarter was due to costs from our Vertex Exchange Conference, which was held in October.

Feb 11, 2026 / CFO / receipt, needs a key / John Schwab, CFO | earnings call 2026-02-11 | transcript 2b6f96fa-a79d-4796-8418-c2731c22f84b | chars 18540-18938 | segment 19

Our first quarter selling and marketing expense was $18.8 million, or 19.1% of total revenues, a decrease of 30 basis points on a year-over-year basis, which was primarily driven by a reduction in year-over-year travel and marketing events due to COVID-19 restrictions.

May 13, 2021 / CFO / receipt, needs a key / John Schwab, CFO | earnings call 2021-05-13 | transcript a8c405d2-9d18-43e7-a497-32e8ea902f3c | chars 27180-27449 | segment 27