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Revenue and Geographic Area | 6 Months Ended
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Jun. 30, 2026
Revenue from Contract with Customer [Abstract] |
Revenue and Geographic Area | 4. Rev enue and Geographic Area Disaggregation of Revenue by Product Type and Geographic Area The following tables present the Company's revenue for the three and six months ended June 30, 2026 and 2025 based on product type and the geographic location of customers’ facilities (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Product revenue: |  |  |  |  |  |  |  |  |  |  |  |
Instruments |  | $ | 5,130 |  |  | $ | 5,215 |  |  | $ | 9,600 |  |  | $ | 11,861 |
Consumables |  |  | 9,385 |  |  |  | 10,458 |  |  |  | 20,369 |  |  |  | 18,593 |
Total product revenue |  |  | 14,515 |  |  |  | 15,673 |  |  |  | 29,969 |  |  |  | 30,454 |
Services and other revenue |  |  | 5,589 |  |  |  | 6,089 |  |  |  | 11,281 |  |  |  | 11,530 |
Total revenue |  | $ | 20,104 |  |  | $ | 21,762 |  |  | $ | 41,250 |  |  | $ | 41,984 |
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Americas |  | $ | 7,646 |  |  | $ | 8,689 |  |  | $ | 15,394 |  |  | $ | 15,756 |
Europe, Middle East and Africa (EMEA) |  |  | 8,623 |  |  |  | 9,128 |  |  |  | 17,985 |  |  |  | 18,024 |
Asia-Pacific |  |  | 3,835 |  |  |  | 3,945 |  |  |  | 7,871 |  |  |  | 8,204 |
Total revenue |  | $ | 20,104 |  |  | $ | 21,762 |  |  | $ | 41,250 |  |  | $ | 41,984 |
Unfulfilled Performance Obligations A summary of the change in deferred revenue is as follows (in thousands):
|  | Amount |
Deferred revenue at December 31, 2025 |  | $ | 42,452 |
Recognition of revenue from beginning deferred revenue balances |  |  | (5,671 | )
Recognition of revenue attributed to discontinued operations(1) |  |  | (29,285 | )
Revenue deferred during the period, net of revenue recognized |  |  | 4,794 |
Deferred revenue at June 30, 2026 |  | $ | 12,290 |
(1) Deferred revenue related to the Collaboration Agreement with Illumina was fully recognized upon the sale of the Disposed Entities. The Company has classified this revenue within discontinued operations consistent with the treatment of all SomaScan Business-related activities. Please see Note 3, Discontinued Operations, for more information. The Company expects to recognize revenue from unfulfilled performance obligations associated with service contracts that were partially completed as of June 30, 2026 in the following periods (in thousands):
Fiscal Year |  | Expected Revenue (1) |
2026 remainder of the year |  | $ | 6,328 |
2027 |  |  | 5,710 |
2028 |  |  | 2,887 |
Thereafter |  |  | 2,179 |
Total |  | $ | 17,104 |
(1) Expected revenue includes both billed amounts included in deferred revenue and unbilled amounts that are not reflected in the Company’s condensed consolidated financial statements and are subject to change if the Company’s customers decide to cancel or modify their contracts. Purchase orders for instrument service contracts can generally be canceled before the service period begins. The Company also has unsatisfied performance obligations for service contracts with an expected term of one year or less not included in the amounts above.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -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 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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