XML 40 R25.htm IDEA: XBRL DOCUMENT
v3.25.3

Revenue Recognition (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Schedule of Performance Obligations | Deferred revenue is as follows:
(in thousands) | September 30, 2025 |  | December 31, 2024
Current | $ | 31,771 |  |  | $ | 23,166 |
Non-current | 1,924 |  |  | 1,529 |
Total | $ | 33,695 |  |  | $ | 24,695 |
The changes in deferred revenue, inclusive of both current and long-term, are as follows:
(in thousands) | 2025 |  | 2024
Beginning balance - January 1 | $ | 24,695 |  |  | $ | 11,454 |
Acquired deferred revenue (refer to "Note 3 - Acquisitions") | 809 |  |  | 12,391 |
Recognition of deferred revenue | (126,588) |  |  | (73,706) |
Deferral of revenue | 133,788 |  |  | 79,911 |
Impact of foreign currency translation on deferred revenue | 991 |  |  | 460 |
Ending balance - September 30 | $ | 33,695 |  |  | $ | 30,510 |
Schedule of Disaggregated Revenue | The Company disaggregates revenue from contracts with customers by major product line because the Company believes it best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by contract terms and economic factors.
| Three Months Ended September 30, 2025 |  | Three Months Ended September 30, 2024
(in thousands) | Point in time |  | Over time |  | Point in time |  | Over time
Subscription service | $ | — |  |  | $ | 74,763 |  |  | $ | — |  |  | $ | 59,909 |
Hardware | 29,895 |  |  | — |  |  | 22,650 |  |  | — |
Professional service | 4,924 |  |  | 9,601 |  |  | 5,263 |  |  | 8,932 |
Total | $ | 34,819 |  |  | $ | 84,364 |  |  | $ | 27,913 |  |  | $ | 68,841 |
| Nine Months Ended September 30, 2025 |  | Nine Months Ended September 30, 2024
(in thousands) | Point in time |  | Over time |  | Point in time |  | Over time
Subscription service | $ | — |  |  | $ | 215,076 |  |  | $ | — |  |  | $ | 143,160 |
Hardware | 78,602 |  |  | — |  |  | 60,992 |  |  | — |
Professional service | 13,193 |  |  | 28,575 |  |  | 15,977 |  |  | 24,848 |
Total | $ | 91,795 |  |  | $ | 243,651 |  |  | $ | 76,969 |  |  | $ | 168,008 |

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_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration