v3.26.1
Collaborations and Other Arrangements (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of Changes in Accounts Receivable and Contract Liabilities

The following table presents changes in the Company’s accounts receivable and contract liabilities (in thousands):

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Three months ended March 31, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

9,468

 

 

$

8,445

 

 

$

(8,782

)

 

$

9,131

 

Contract liabilities - deferred revenue

 

$

7,290

 

 

$

-

 

 

$

(6,660

)

 

$

630

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at
Beginning of
Period

 

 

Additions

 

 

Deductions

 

 

Balance at End
of Period

 

Three months ended March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

$

8,517

 

 

$

10,203

 

 

$

(8,216

)

 

$

10,504

 

Contract liabilities - deferred revenue

 

$

38,917

 

 

$

-

 

 

$

(5,095

)

 

$

33,822

 
Summary of Revenues Recognized Resulting from Changes in Contract Liability Balance

The Company recognized the following revenues as a result of changes in the contract liability balance (in thousands):

 

 

Three Months Ended March 31,

 

Revenue recognized in the period from:

 

2026

 

 

2025

 

Amounts included in the contract liability at the beginning of the period

 

$

6,660

 

 

$

5,095