v3.26.1
Revenue Contract Liability
12 Months Ended
Dec. 31, 2025
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]  
Revenue Contract Liability

15. REVENUE CONTRACT LIABILITY

Deferred revenue for customer contracts represents amounts collected from, or invoiced to, customers in advance of revenue recognition. The balance of Deferred revenue will increase or decrease based on the timing of invoices and recognition of revenue.

Significant changes in our Deferred revenue liability balances during the years ended December 31, 2025 and 2024 (in thousands) were as follows:

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

 

 

 

 

 

Beginning Balance

 

$

8,903

 

 

$

9,896

 

Revenue Recognized

 

 

(8,903

)

 

 

(9,896

)

Amounts Collected or Invoiced

 

 

16,830

 

 

 

8,903

 

Ending Balance

 

$

16,830

 

 

$

8,903