v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
3.
Revenue

The Company reported revenue in the following categories for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Instruments

 

$

7,381

 

 

$

4,146

 

Consumables

 

 

13,960

 

 

 

5,023

 

Services

 

 

4,694

 

 

 

3,672

 

Other revenue

 

 

—

 

 

 

250

 

Total

 

$

26,035

 

 

$

13,091

 

 

The Company reported revenue in the following geographic areas for the three months ended March 31, 2026 and 2025 (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

United States

 

$

14,905

 

 

$

9,469

 

Europe, Middle East and Africa (excluding United Kingdom)

 

 

3,972

 

 

 

1,422

 

United Kingdom

 

 

3,462

 

 

 

1,730

 

Asia-Pacific

 

 

2,409

 

 

 

450

 

Americas (excluding United States)

 

 

1,287

 

 

 

20

 

Total

 

$

26,035

 

 

$

13,091

 

 

Deferred revenue activity during the three months ended March 31, 2026 and 2025 was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Revenue recognized that was included in the contract liability at the beginning of the year

 

$

184

 

 

$

351

 

 

As of March 31, 2026, deferred revenue was $2.4 million, of which $2.1 million is included within accrued and other current liabilities and is expected to be recognized to revenue in the next 12 months. The remainder will be recognized thereafter and is included within other noncurrent liabilities. Deferred revenue as of December 31, 2024, March 31, 2025, and December 31, 2025 was $0.6 million, $0.5 million and $0.8 million, respectively.