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Revenue
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue

10. Revenue

Operating Revenues

We provide businesses with services to reuse, recycle, and dispose of a wide variety of waste streams and recyclables generated by their operations. Our service revenue is primarily generated from fees charged for the collection, transfer, disposal and recycling services and from sales of commodities by our recycling operations. We also rent dumpster and compacting equipment to customers and include those fees in service revenue. In addition, we have product sales and other revenue primarily from sales of products such as antifreeze and windshield washer fluid, and other minor ancillary services.

Revenue Recognition

We recognize revenue as services are performed or products are delivered. For example, we recognize revenue as waste and recyclable material are collected or when products are delivered. We recognize revenue net of any contracted pricing discounts or rebate arrangements. Revenue from our equipment rentals is based on a fixed amount and recognized over the life of the lease.

We generally recognize revenue for the gross amount of consideration received when we hold complete responsibility to the customer for contract fulfillment, making us the primary obligor (or principal). Depending on the key terms of the arrangement, which may include situations in which we are not the primary obligor, do not have credit risk, or we determine amounts earned using fixed percentage or fixed fee schedules, we may record the revenue net of certain cost amounts. During the three months ended March 31, 2025 and 2024, we had certain management fee contracts accounted for under the net basis method with net revenue totaling $93 thousand and $121 thousand, respectively. We record amounts collected from customers for sales tax on a net basis.

Disaggregation of Revenue

The following table presents our revenue disaggregated by source. One customer accounted for 24.2% of revenue for the three months ended March 31, 2025 and two customers accounted for 36.3% of revenue for the three months ended March 31, 2024. We operate primarily in the United States, with minor services in Canada.

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

 

(Unaudited)

 

 

 

(In Thousands)

 

Revenue Type:

 

 

 

 

 

 

Services

 

$

65,193

 

 

$

69,801

 

Product sales and other

 

 

3,237

 

 

 

2,850

 

   Total revenue

 

$

68,430

 

 

$

72,651

 

Deferred Revenue

We bill certain customers one month in advance, and, accordingly, we defer recognition of related revenues as a contract liability until the services are provided and control is transferred to the customer. As of March 31, 2025 and December 31, 2024, we had $0.1 million and $1.0 million, respectively, of deferred revenue.