v3.25.2
Revenue from Contracts with Customers (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenues by Activity Type
The Company’s revenues by activity type were as follows:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2025202420252024
Residential & SMB - Incumbent Broadband Markets1
$42,837 $44,243 $86,196 $88,047 
Residential & SMB - Glo Fiber Expansion Markets2
19,796 14,093 38,240 26,211 
Commercial Fiber19,483 20,723 39,095 30,706 
RLEC & Other6,452 6,740 12,935 10,083 
Service revenue and other$88,568 $85,799 $176,466 $155,047 
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1.Revenue from residential and small and medium business (“SMB”) customers in Incumbent Broadband Markets is primarily earned through the Company’s provision of data, video and voice services over primarily hybrid fiber coaxial cable and to a lesser extent fiber to the home (“FTTH”) networks in incumbent markets.
2.Revenue from residential and SMB customers in Glo Fiber Expansion Markets is primarily earned through the Company’s provision of data, video and voice services over FTTH networks in new greenfield expansion markets.
Schedule of Amortized and Capitalized Contract Cost
The following tables present the activity of current and non-current contract assets:
Three Months Ended
June 30,
Six Months Ended
June 30,
(in thousands)2025202420252024
Beginning Balance$11,109 $8,767 $10,251 $8,633 
Commission payments1,738 1,564 3,493 2,415 
Contract asset amortization(974)(986)(1,871)(1,703)
Ending Balance$11,873 $9,345 $11,873 $9,345