v3.26.1
Contract Assets and Contract Liabilities (Tables)
3 Months Ended
Mar. 31, 2026
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]  
Summary of Contract Assets and Liabilities

Contract assets included within prepaid expenses and other current assets in the condensed consolidated balance sheets are as follows (in thousands):

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Contract assets

 

$

6,411

 

 

$

8,585

 

 

The non-current contract liabilities balance is included in other long-term liabilities on the condensed consolidated balance sheets. The Company’s contract liabilities are as follows (in thousands):

 

 

 

March 31,
2026

 

 

December 31,
2025

 

Contract liabilities

 

$

12,277

 

 

$

12,620

 

Less: Non-current portion of contract liabilities

 

 

1,811

 

 

 

2,181

 

Current portion of contract liabilities

 

$

10,466

 

 

$

10,439