Revenues (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Revenue Recognition [Abstract] |
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| Schedule of Revenue Recognition for Revenue Categories |
The following table summarizes revenue recognition for each revenue category: | | | | | | | | | | | | | | | | | Revenue Category | | | | Timing of Revenue Recognition | | Income Statement Classification | | Connected devices, software licenses, and other | | | | Point in time, as transfer of control occurs, generally upon installation and acceptance by the customer | | Product | | Consumables | | | | Point in time, as transfer of control occurs, generally upon shipment to, or receipt by, customer | | Product | | Technical services | | | | Over time, as services are provided, typically ratably over the service term | | Service | SaaS and Expert Services | | | | Over time, as services are provided | | Service |
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| Schedule of Disaggregation of Revenue |
The following table summarizes the Company’s revenues disaggregated by revenue type: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | (In thousands) | | Connected devices, software licenses, and other | $ | 138,620 | | | $ | 134,539 | | | $ | 258,697 | | | $ | 245,608 | | | Consumables | 24,552 | | | 22,041 | | | 49,643 | | | 44,267 | | | Technical services | 63,766 | | | 59,321 | | | 125,145 | | | 117,836 | | SaaS and Expert Services | 63,624 | | | 60,887 | | | 126,745 | | | 115,228 | | | Total revenues | $ | 290,562 | | | $ | 276,788 | | | $ | 560,230 | | | $ | 522,939 | |
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| Schedule of Disaggregation of Revenues by Geographical Location |
The following table summarizes the Company’s revenues disaggregated by geographic region, which is determined based on customer location: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | (In thousands) | | United States | $ | 263,446 | | | $ | 255,317 | | | $ | 512,710 | | | $ | 473,493 | | Rest of world | 27,116 | | | 21,471 | | | 47,520 | | | 49,446 | | | Total revenues | $ | 290,562 | | | $ | 276,788 | | | $ | 560,230 | | | $ | 522,939 | |
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| Schedule of Contract Asset and Liabilities |
The following table reflects the Company’s contract assets and contract liabilities: | | | | | | | | | | | | | June 30,
2025 | | December 31,
2024 | | | | | | (In thousands) | Short-term unbilled receivables, net (1) | $ | 37,137 | | | $ | 32,917 | | Long-term unbilled receivables, net (2) | 5,747 | | | 7,873 | | | Total contract assets | $ | 42,884 | | | $ | 40,790 | | | | | | | Short-term deferred revenues | $ | 153,597 | | | $ | 141,370 | | | Long-term deferred revenues | 80,447 | | | 76,123 | | | Total contract liabilities | $ | 234,044 | | | $ | 217,493 | |
_________________________________________________(1) Included in accounts receivable and unbilled receivables in the Condensed Consolidated Balance Sheets. (2) Included in other long-term assets in the Condensed Consolidated Balance Sheets.
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