v3.25.4
Revenue Recognition
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
For SaaS offerings, the Company is applying the optional exemption to not disclose transaction price allocated to the remaining performance obligations when the Company’s performance obligations are part of contracts that have an expected original duration of one year or less. For Licenses, the Company's remaining performance obligations represent the transaction price allocated to maintenance and support performance obligations that have yet to be satisfied.
The following table includes estimated revenue expected to be recognized in the future related to our SaaS solution and maintenance and support performance obligations that are partially satisfied (in thousands):
Total2026202720282029 and Thereafter
Revenue expected to be recognized in the future as of December 31, 2025$76,044 $52,370 $20,506 $3,156 $12 
Of the total revenue recognized for the year ended December 31, 2025, $7.1 million was included in the deferred revenue balance as of December 31, 2024, related to both our SaaS solution and maintenance services for licenses. Of the total revenue recognized for the year ended December 31, 2024, $2.4 million was included in deferred revenue balance as of December 31, 2023, related to both our SaaS solution and maintenance services for licenses.
Contract asset balances classified as current are $2.1 million and $1.8 million as of December 31, 2025 and December 31, 2024, respectively. Contract asset balances classified as non-current are $0.2 million and $0.6 million as of December 31, 2025 and December 31, 2024, respectively.
Revenue by geography as presented in Note 15 “Segment and Geographic Information” is determined based on the billing address of the customer.