v3.25.2
Revenue from Contracts with Customers (Tables)
 12 Months Ended
May 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedules of Concentration of Risk, by Risk Factor
Below is a summary of the Company’s revenue concentration by major customer for the fiscal years ended May 31, 2025 and 2024:
May 31, 2025May 31, 2024May 31, 2023
Customer A93 %75 %24 %
Customer B— %— %14 %
Customer C— %— %12 %
Customer H
— %— %20 %
Customer I
— %— %19 %
Customer J
— %— %11 %
Schedule of Deferred Revenue
Changes in the Company's deferred revenue balances for the fiscal year ended May 31, 2025 and May 31, 2024, respectively, are shown in the following table (in thousands):
May 31, 2025May 31, 2024
Balance, beginning of period$8,188 $48,692 
Advance billings131,546 87,996 
Revenue recognized(143,995)(136,071)
Other adjustments4,261 7,571 
Less: Related party balances— (1,692)
Balance, end of period$— $6,496 
Schedule of Customer Deposits
Changes in the Company's customer deposits balances for the years ended May 31, 2025 and 2024, respectively, are shown in the following table (in thousands):
May 31, 2025May 31, 2024
Balance, beginning of period$15,367 $36,370 
Customer deposits received5,698 3,395 
Customer deposits applied
(1,567)(12,633)
Customer deposit adjustments
(3,373)(11,764)
Less: Related party balances— (1,549)
Balance, end of period$16,125 $13,819