XML 22 R10.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue Recognition
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The disclosures below discuss the Company’s material revenue contracts.
The following table provides information regarding disaggregated revenue:
Three Months Ended March 31,
20252024
Revenue recognized over time:
Services - engineering and others (1)$220,492 $180,231 
Grid services46,812 39,640 
Grants101,449 83,416 
Revenue recognized at point in time:
Products565,551 476,469 
Total revenue$934,304 $779,756 
__________________
(1) Amount includes $177,332 of management fees earned related to Fresno EV infrastructure project management for the three months ended March 31, 2025.
The aggregate amount of revenue for the Company’s existing contracts and grants with customers as of March 31, 2025 expected to be recognized in the future, and classified as deferred revenue on the condensed consolidated balance sheet, for year ended December 31, is as follows (this disclosure does not include revenue related to contracts whose original expected duration is one year or less):
2025 (remaining nine months)987,576 
2026207,095 
2027185,581 
2028119,426 
Thereafter98,777 
Total (1)$1,598,455 
__________________
(1) The revenue recognition is subject to the completion of construction and commissioning of the EV infrastructure.

The following table summarizes the Company’s revenues by geography:
Three Months Ended March 31,
20252024
Revenues:
United States$862,639 $755,610 
Denmark71,665 24,146 
$934,304  $779,756