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Revenue and Deferred Revenue (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Changes in the Deferred Revenue Balance
The following table summarizes the changes in the deferred revenue balance for the three months ended March 31, 2025 and 2024:
Three Months Ended March 31,
20252024
(in thousands)
Deferred revenue, beginning of period$48,253 $43,235 
Recognition of revenue included in beginning of period
deferred revenue
(24,890)(23,479)
Revenue deferred, net of revenue recognized on contracts in
the respective period
30,410 26,877 
Deferred revenue, end of period$53,773 $46,633 
Schedule of Recognition of Deferred Revenue
The Company expects the following recognition of deferred revenue as of March 31, 2025:
Year Ended December 31,
2025 (remainder of year)202620272028Total
(in thousands)
Revenue expected to be recognized$47,896 $4,819 $1,021 $37 $53,773 
Schedule of Total Revenue by Geography
The following table presents the total revenue by geography based on the ship-to address for the periods indicated:
Three Months Ended March 31,
20252024
(in thousands)
North America*$127,569 $134,835 
International35,065 32,557 
Total revenue$162,634 $167,392 
*North America revenue consists of revenues from the United States and Canada.
Schedule of Total Revenue by Source
The following table presents the total revenue by source for the periods indicated:
Three Months Ended March 31,
20252024
(in thousands)
Platform
$79,986 $78,286 
Connected machines
38,461 36,948 
Accessories and materials
44,187 52,158 
Total revenue$162,634 $167,392