XML 41 R31.htm IDEA: XBRL DOCUMENT v3.25.1
REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue
The following table presents our revenue disaggregated by line of business and reportable segment for the three months ended March 31, 2025:
North America RegionsU.S. FederalRenewable FuelsEuropeAll OtherTotal
Project revenue$148,953 $6,038 $4,063 $92,407 $— $251,461 
O&M revenue8,456 13,730 2,015 645 — 24,846 
Energy assets18,970 5,357 32,097 269 — 56,693 
Other1,881 122 — 3,336 14,490 19,829 
Total revenues$178,260 $25,247 $38,175 $96,657 $14,490 $352,829 
The following table presents our revenue disaggregated by line of business and reportable segment for the three months ended March 31, 2024:
North America RegionsU.S. FederalRenewable FuelsEuropeAll OtherTotal
Project revenue$116,211 $43,479 $3,163 $41,424 $7 $204,284 
O&M revenue6,933 15,278 2,377 747 — 25,335 
Energy assets13,754 1,929 27,300 171 — 43,154 
Other1,387 204 19 1,780 22,243 25,633 
Total revenues$138,285 $60,890 $32,859 $44,122 $22,250 $298,406 

The following table presents information related to our revenue recognized over time:
Three Months Ended March 31,
20252024
Percentage of revenue recognized over time95%94%
The remainder of our revenue is for products and services transferred at a point in time, at which point revenue is recognized.
We attribute revenues to customers based on the location of the customer. The following table presents information related to our revenues by geographic area:
Three Months Ended March 31,
20252024
United States$232,613 $239,099 
Canada23,551 15,180 
Europe96,665 44,127 
Total revenues$352,829 $298,406 
Summary of Contract with Customer, Asset and Liability
The following tables provide information about receivables, contract assets and contract liabilities from contracts with customers:
 March 31, 2025December 31, 2024
Accounts receivable, net$226,656 $256,961 
Accounts receivable retainage, net45,276 39,843 
Contract Assets:
Unbilled revenue$559,049 $644,105 
Contract Liabilities:
Deferred revenue$91,219 $91,734 
Deferred revenue, non-current (1)
31,904 29,885 
Total contract liabilities$123,123 $121,619 
March 31, 2024December 31, 2023
Accounts receivable, net$146,836 $153,362 
Accounts receivable retainage, net32,158 33,826 
Contract Assets:
Unbilled revenue$652,428 $636,163 
Contract Liabilities:
Deferred revenue$61,267 $52,903 
Deferred revenue, non-current (1)
19,883 18,393 
Total contract liabilities$81,150 $71,296 
(1) Performance obligations that are expected to be completed beyond the next twelve months and are included in other liabilities in the condensed consolidated balance sheets.