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Revenue Recognition (Tables)
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue

The following table presents North America Loss Adjusting revenues before reimbursements disaggregated by geography for the three and nine months ended September 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

September 30,
2025

 

 

September 30,
2024

 

 

September 30,
2025

 

 

September 30,
2024

 

U.S.

 

$

54,522

 

 

$

55,855

 

 

$

167,291

 

 

$

163,208

 

Canada

 

 

22,473

 

 

 

23,474

 

 

 

67,518

 

 

 

69,516

 

Total North America Loss Adjusting Revenues before Reimbursements

 

$

76,995

 

 

$

79,329

 

 

$

234,809

 

 

$

232,724

 

 

The following table presents International Operations revenues before reimbursements disaggregated by geography and service line for the three and nine months ended September 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

September 30,
2025

 

 

September 30,
2024

 

 

September 30,
2025

 

 

September 30,
2024

 

U.K.

 

$

42,665

 

 

$

39,362

 

 

$

126,429

 

 

$

115,751

 

Europe

 

 

26,801

 

 

 

25,116

 

 

 

80,354

 

 

 

73,190

 

Australia

 

 

22,566

 

 

 

20,369

 

 

 

58,936

 

 

 

56,952

 

Asia

 

 

8,077

 

 

 

5,847

 

 

 

21,480

 

 

 

16,820

 

Latin America

 

 

7,799

 

 

 

8,292

 

 

 

23,505

 

 

 

24,079

 

International Loss Adjusting

 

$

107,908

 

 

$

98,986

 

 

$

310,704

 

 

$

286,792

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.K.

 

$

2,811

 

 

$

2,903

 

 

$

7,711

 

 

$

8,189

 

Australia

 

 

1,550

 

 

 

3,161

 

 

 

5,835

 

 

 

8,555

 

Latin America

 

 

584

 

 

 

691

 

 

 

2,067

 

 

 

2,580

 

Crawford Legal Services

 

$

4,945

 

 

$

6,755

 

 

$

15,613

 

 

$

19,324

 

Total International Operations Revenues before Reimbursements

 

$

112,853

 

 

$

105,741

 

 

$

326,317

 

 

$

306,116

 

The following table presents Broadspire revenues before reimbursements disaggregated by service line for the three and nine months ended September 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

September 30,
2025

 

 

September 30,
2024

 

 

September 30,
2025

 

 

September 30,
2024

 

Claims Management

 

$

53,383

 

 

$

50,293

 

 

$

155,028

 

 

$

148,549

 

Medical Management

 

 

50,018

 

 

 

48,716

 

 

 

145,374

 

 

 

141,845

 

Total Broadspire Revenues before Reimbursements

 

$

103,401

 

 

$

99,009

 

 

$

300,402

 

 

$

290,394

 

The following table presents Platform Solutions revenues before reimbursements disaggregated by service line for the three and nine months ended September 30, 2025 and 2024:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

(in thousands)

 

September 30,
2025

 

 

September 30,
2024

 

 

September 30,
2025

 

 

September 30,
2024

 

Contractor Connection

 

$

16,516

 

 

$

17,051

 

 

$

51,897

 

 

$

52,114

 

Networks

 

 

5,189

 

 

 

20,787

 

 

 

21,729

 

 

 

41,903

 

Subrogation

 

 

7,217

 

 

 

7,458

 

 

 

22,046

 

 

 

22,005

 

Total Platform Solutions Revenues before Reimbursements

 

$

28,922

 

 

$

45,296

 

 

$

95,672

 

 

$

116,022

 

Schedule of Customer Contract Liabilities

The table below presents the deferred revenues balance as of January 1, 2025 and the significant activity affecting deferred revenues during the three, six, and nine months ended September 30, 2025:

 

(In Thousands)

 

 

 

Customer Contract Liabilities

 

Deferred
Revenue

 

Balance at January 1, 2025

 

$

59,685

 

Quarterly additions

 

 

25,100

 

Revenue recognized from the prior periods

 

 

(15,874

)

Revenue recognized from current quarter additions

 

 

(9,406

)

Balance as of March 31, 2025

 

$

59,505

 

Quarterly additions

 

 

26,523

 

Revenue recognized from the prior periods

 

 

(15,165

)

Revenue recognized from current quarter additions

 

 

(9,540

)

Balance as of June 30, 2025

 

$

61,323

 

Quarterly additions

 

 

24,781

 

Revenue recognized from the prior periods

 

 

(15,296

)

Revenue recognized from current quarter additions

 

 

(10,925

)

Balance as of September 30, 2025

 

$

59,883