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Revenue Information
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Information Revenue Information
The Company disaggregates revenue into two streams: subscription revenue and performance-based revenue. The following table presents the Company’s revenue streams (in thousands):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2025202420252024
Subscription$87,729 $91,071 $260,897 $284,059 
Performance-based27,253 26,013 76,382 78,922 
Total revenue$114,982 $117,084 $337,279 $362,981 
The Company recognized $11.0 million and $11.7 million of revenue during the three months ended September 30, 2025 and 2024, respectively, that was included in the deferred revenue balances as of June 30, 2025 and 2024, respectively.
The Company recognized $10.6 million and $12.7 million of revenue during the nine months ended September 30, 2025 and 2024, respectively, that was included in the deferred revenue balances as of December 31, 2024 and 2023, respectively.
As of September 30, 2025 and December 31, 2024, the Company had no contract assets.
Deferred Commissions
Accounting Standards Codification 606 requires the deferral of the recognition of incremental costs to obtain a contract, which the Company has identified as certain of its sales commissions paid to internal sales representatives for the sale of the Company’s services. The Company amortizes deferred commissions over the expected period of benefit unless the amortization period is less than one year, in which case, the Company has elected to apply the practical expedient to expense those costs as incurred. Prior to April 2025, the expected customer life had been estimated to be three years. In April 2025, the Company completed an assessment of the expected customer life and adjusted the expected customer life from three years to four years. This change in accounting estimate was effective beginning April 1, 2025, and resulted in an immaterial impact to the Company’s financial statements for the three and nine months ended September 30, 2025.
For more information on deferred commissions, please see Note 5 – Revenue Information to the Company’s audited consolidated financial statements in the 2024 Form 10-K.
Performance Obligations
No revenue was recognized during the three and nine months ended September 30, 2025 and the three months ended September 30, 2024 from performance obligations satisfied in previous periods. An immaterial amount of revenue was recognized during the nine months ended September 30, 2024 from performance obligations satisfied in previous periods.
As of September 30, 2025, the Company did not have any material remaining performance obligations expected to be recognized in the future. Generally, any remaining performance obligations relate primarily to subscription services such as time-based job posting plans, upsell services, and resume database plans that will be invoiced in future periods, and exclude (i) contracts with an original expected term of one year or less and (ii) contracts for which the Company only recognizes revenue at the amount to which it has the right to invoice for services performed.