v3.25.2
Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
6.
Revenue

The following tables present the Company’s revenues disaggregated by revenue source:

 

 

Successor

 

 

 

Predecessor

 

 

Period from

 

 

 

Period from

 

 

 

 

 

June 25, 2025

 

 

 

March 30, 2025

 

 

Three Months Ended

 

 

through June 30, 2025

 

 

 

through June 24, 2025

 

 

June 29, 2024

 

Behavioral Subscription Revenues

$

10,345

 

 

 

$

146,913

 

 

$

180,233

 

Clinical Subscription Revenues

 

1,733

 

 

 

 

28,860

 

 

 

19,723

 

Subscription Revenues, net

$

12,078

 

 

 

$

175,773

 

 

$

199,956

 

Other Revenues, net

 

89

 

 

 

 

1,224

 

 

 

2,117

 

Revenues, net

$

12,167

 

 

 

$

176,997

 

 

$

202,073

 

 

 

Successor

 

 

 

Predecessor

 

 

Period from

 

 

 

Period from

 

 

 

 

 

June 25, 2025

 

 

 

December 29, 2024

 

 

Six Months Ended

 

 

through June 30, 2025

 

 

 

through June 24, 2025

 

 

June 29, 2024

 

Behavioral Subscription Revenues

$

10,345

 

 

 

$

302,636

 

 

$

365,537

 

Clinical Subscription Revenues

 

1,733

 

 

 

 

58,317

 

 

 

38,475

 

Subscription Revenues, net

$

12,078

 

 

 

$

360,953

 

 

$

404,012

 

Other Revenues, net

 

89

 

 

 

 

2,615

 

 

 

4,609

 

Revenues, net

$

12,167

 

 

 

$

363,568

 

 

$

408,621

 

 

Information about Contract Balances

For Subscription Revenues, the Company can collect payment in advance of providing services. Any amounts collected in advance of services being provided are recorded in deferred revenue. In the case where amounts are not collected, but the service has been provided and the revenue has been recognized, the amounts are recorded in accounts receivable. The opening and ending balances of the Company’s deferred revenues were as follows:

 

 

 

Deferred Revenue

 

 

Deferred Revenue

 

 

 

Current

 

 

Long-Term

 

Balance at December 30, 2023 (Predecessor)

 

$

33,966

 

 

$

165

 

Net decrease during the period

 

 

(117

)

 

 

(73

)

Balance at June 29, 2024 (Predecessor)

 

$

33,849

 

 

$

92

 

 

 

 

 

Deferred Revenue

 

 

Deferred Revenue

 

 

 

Current

 

 

Long-Term

 

Balance at December 28, 2024 (Predecessor)

 

$

31,655

 

 

$

93

 

Net decrease during the period

 

 

(1,873

)

 

 

(8

)

Balance at June 24, 2025 (Predecessor)

 

$

29,782

 

 

$

85

 

 

 

Balance at June 25, 2025 (Successor)

 

$

29,782

 

 

$

85

 

Net increase during the period

 

 

172

 

 

 

—

 

Balance at June 30, 2025 (Successor)

 

$

29,954

 

 

$

85

 

 

Revenue recognized from amounts included in current deferred revenue at December 28, 2024 (Predecessor) was $26,934 for the period from December 29, 2024 through June 24, 2025 (Predecessor) and $232 for the period from June 25, 2025 through June 30, 2025 (Successor). Revenue recognized from amounts included in current deferred revenue at December 30, 2023 (Predecessor) was $30,757 for the six months ended June 29, 2024 (Predecessor). The Company’s long-term deferred revenue, which is included in other noncurrent liabilities on its unaudited consolidated balance sheets, represents revenue that will not be recognized during the next 12 months and is generally related to upfront payments received as an inducement for entering into certain sales-based royalty agreements with third-party licensees. This revenue is amortized on a straight-line basis over the term of the applicable agreement.