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REVENUE RECOGNITION (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Assets and Liabilities Associated with Contracts from Customers

The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):

 

 

 

As of March 31, 2026

 

Accounts receivable

 

$

93,629

 

Short-term unbilled receivables

 

 

8,721

 

Long-term unbilled receivables

 

 

53,856

 

Short-term contract assets

 

 

3,053

 

Long-term contract assets

 

 

2,564

 

Short-term deferred revenue

 

 

21,038

 

Long-term deferred revenue

 

 

1,728

 
Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances

Significant changes in unbilled receivables, contract assets and deferred revenue balances associated with the Company's contracts from customers for the three months ended March 31, 2026 and 2025 are as follows (in thousands):

 

 

 

Three Months Ended March 31, 2026

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2025

 

$

71,346

 

 

$

(22,954

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

44,738

 

Increases due to cash received

 

 

—

 

 

 

(44,538

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

—

 

 

 

(12

)

Unbilled receivables recorded, net

 

 

16,371

 

 

 

—

 

Contract assets recorded, net

 

 

(791

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(18,732

)

 

 

—

 

Net change

 

 

(3,152

)

 

 

188

 

Balance at March 31, 2026

 

$

68,194

 

 

$

(22,766

)

 

 

 

Three Months Ended March 31, 2025

 

 

 

Assets

 

 

Liabilities

 

Balance at December 31, 2024

 

$

64,876

 

 

$

(33,611

)

Revenue recognized that was previously included in deferred revenue, net

 

 

—

 

 

 

39,447

 

Increases due to cash received

 

 

—

 

 

 

(32,943

)

Cumulative catch-up adjustment arising from changes in estimates of
   transaction price, net

 

 

—

 

 

 

1,987

 

Unbilled receivables recorded, net

 

 

31,435

 

 

 

—

 

Contract assets recorded, net

 

 

(544

)

 

 

—

 

Transferred to receivables from unbilled receivables

 

 

(28,707

)

 

 

—

 

Net change

 

 

2,184

 

 

 

8,491

 

Balance at March 31, 2025

 

$

67,060

 

 

$

(25,120

)