Altair Announces Third Quarter 2024 Financial Results

The following table provides a reconciliation of Non-GAAP operating expense to Total operating expense, the most comparable GAAP financial measure:

 (Unaudited)  
  Three Months Ended
September 30,
   Nine Months Ended
September 30,
  
(in thousands) 2024   2023   2024   2023  
Total operating expense$125,747  $116,181  $375,013  $370,927  
Stock-based compensation expense (15,225)  (18,058)  (44,480)  (58,631) 
Amortization (9,246)  (7,704)  (24,313)  (23,143) 
Loss on mark-to-market adjustment of
     contingent consideration
    3,493   (189)  (4,494) 
Non-GAAP operating expense $ 101,276     $ 93,912     $ 306,031     $ 284,659    
   

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