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

Note 3. Revenue Related Disclosures

The changes in deferred revenue were as follows (in thousands):

 

March 31,

 

 

2026

 

 

2025

 

Beginning balance

$

43,880

 

 

$

44,234

 

   New billings

 

19,985

 

 

 

28,840

 

   Revenue recognized during the year from beginning balance

 

(16,108

)

 

 

(14,005

)

   Revenue recognized during the year from new billings

 

(7,407

)

 

 

(13,632

)

Ending balance

$

40,350

 

 

$

45,437

 

The following table presents remaining performance obligations for contractually committed revenues as of March 31, 2026 (in thousands):

Remainder of 2026

 

 

$

41,138

 

2027

 

 

 

33,170

 

2028

 

 

 

12,203

 

2029

 

 

 

4,242

 

Thereafter

 

 

 

2,377

 

Total

 

 

$

93,130

 

 

The timing of certain revenue recognition included in the table above is based on estimates of go-live dates for contracts not yet live. Contractually committed revenue includes deferred revenue as of March 31, 2026 and amounts under contract that will be invoiced after March 31, 2026.

During the three months ended March 31, 2026, the Company recognized revenues of $23.4 million from customers in the United States, and $0.8 million from customers in the Bahamas, South Africa and South America. During the three months ended March 31, 2025, the Company recognized revenues of $27.6 million from customers in the United States, and $0.8 million from customers in the Bahamas, South Africa and South America.

During the three months ended March 31, 2026, the Company recognized revenues of $24.0 million from monthly subscription, maintenance and support services, and $0.2 million from professional software development services. During the three months ended March 31, 2025, the Company recognized revenues of $28.0 million from monthly subscription, maintenance and support services, and $0.3 million from professional software development services.

The Company recognized approximately $0.1 million and $3.5 million of catch-up revenue during the three months ended March 31, 2026 and 2025, respectively, based on two 3-year contract renewals with New York City Police Department.