v3.25.2
Revenue (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table presents our revenue disaggregated by revenue type. Sales and usage-based taxes are excluded from revenue.
Three months ended June 30,Six months ended June 30,
(in millions)2025202420252024
License-based $428.4 $401.7 $846.4 $801.9 
Asset-based82.4 84.7 168.1 161.7 
Transaction-based94.3 85.5 172.5 151.1 
Consolidated revenue$605.1 $571.9 $1,187.0 $1,114.7 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
We expect to recognize revenue related to our contract liabilities, including future billings, for the remainder of 2025, each of the next four subsequent years and thereafter as follows:

(in millions)As of June 30, 2025
Remainder of 2025 (July 1 through December 31)$703.2 
2026517.4 
2027148.7 
202844.7 
202918.5 
Thereafter21.9 
Total$1,454.4 
Summary of Contract Assets and Change in Deferred Commissions
The following table summarizes our contract assets balance:

(in millions)As of June 30, 2025As of December 31, 2024
Accounts receivable, less allowance for credit losses$384.0 $358.1 
Deferred commissions67.4 65.8 
Total contract assets$451.4 $423.9