XML 35 R27.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Revenue and Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
Revenue Recognition [Abstract] |
Summary of Revenue Disaggregated by Geographical Area | The following table presents revenue disaggregated by geographical area and major solutions. The categorization of revenue by geographical location is determined based on the location of where the client resides.
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Primary geographical markets |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 41,961 |  |  | $ | 43,296 |  |  | $ | 99,827 |  |  | $ | 103,461 |
EMEA |  |  | 42,871 |  |  |  | 28,534 |  |  |  | 79,031 |  |  |  | 50,195 |
APAC |  |  | 18,844 |  |  |  | 13,039 |  |  |  | 38,921 |  |  |  | 25,570 |
Total revenue |  | $ | 103,676 |  |  | $ | 84,869 |  |  | $ | 217,779 |  |  | $ | 179,226 |
Major solutions |  |  |  |  |  |  |  |  |  |  |  |
Transactions |  | $ | 85,298 |  |  | $ | 66,847 |  |  | $ | 180,498 |  |  | $ | 143,149 |
Platform and other revenues |  |  | 18,378 |  |  |  | 18,022 |  |  |  | 37,281 |  |  |  | 36,077 |
Total revenue |  | $ | 103,676 |  |  | $ | 84,869 |  |  | $ | 217,779 |  |  | $ | 179,226 |
Summary of Contract with Customer, Contract Asset, Contract Liability, and Receivable | The following table provides information about accounts receivable, unbilled receivables and deferred revenue from contracts with clients (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
Accounts receivable, net |  | $ | 20,275 |  |  | $ | 18,215 |
Unbilled receivables, net |  |  | 13,052 |  |  |  | 10,689 |
Deferred revenue – current |  |  | 4,183 |  |  |  | 6,968 |
Deferred revenue – non-current |  |  | 169 |  |  |  | 169 |

X
- 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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueRecognitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration