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Revenue (Tables) | 9 Months Ended
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Sep. 30, 2024
Revenue from Contract with Customer [Abstract] |
Summary of Revenues by Revenue Stream | We derive our revenues from the following revenue streams:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Recurring revenues: |  |  |  |  |  |  |
Fulfillment | $ | 135,290 |  |  | $ | 110,900 |  |  | $ | 382,654 |  |  | $ | 318,069 |
Analytics | 13,838 |  |  | 13,098 |  |  | 41,361 |  |  | 38,177 |
Other | 5,328 |  |  | 3,373 |  |  | 14,107 |  |  | 9,949 |
Recurring revenues | 154,456 |  |  | 127,371 |  |  | 438,122 |  |  | 366,195 |
One-time revenues | 9,230 |  |  | 8,290 |  |  | 28,736 |  |  | 25,750 |
Total revenue | $ | 163,686 |  |  | $ | 135,661 |  |  | $ | 466,858 |  |  | $ | 391,945 |
Summary of Percentage of Domestic Revenue | Domestic revenue, which we define as revenue that was attributable to customers based within the United States ("U.S."), was as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Domestic revenue | 83 | % |  | 84 | % |  | 83 | % |  | 84 | %
Summary of Deferred Revenue Liability Relating to Set-Up Fees | The table below presents the activity of the portion of the deferred revenue liability relating to set-up fees. We expect to recognize $13.5 million of the balance as of September 30, 2024 as revenue over the next 12 months with the remaining amount recognized thereafter.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Balance, beginning of period | $ | 18,360 |  |  | $ | 16,978 |  |  | $ | 17,603 |  |  | $ | 14,999 |
Invoiced set-up fees | 3,866 |  |  | 4,496 |  |  | 13,387 |  |  | 14,493 |
Recognized set-up fees | (4,519) |  |  | (4,225) |  |  | (13,283) |  |  | (12,243) |
Balance, end of period | $ | 17,707 |  |  | $ | 17,249 |  |  | $ | 17,707 |  |  | $ | 17,249 |

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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