v3.26.1
REVENUE RECOGNITION
 12 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE RECOGNITION REVENUE RECOGNITION
The following table presents the Company’s revenues disaggregated by revenue source for the year ended December 31, 2023, the three months ended March 31, 2024, and the years ended March 31, 2025 and 2026 (in thousands):

Year Ended
December 31,		Three Months Ended
March 31,		Year Ended March 31,
2023202420252026
Products$49,741 $12,080 $85,584 $83,975 
Services83,995 21,660 276,931 359,802 
$133,736 $33,740 $362,515 $443,777 
The balances of contract assets and contract liabilities from contracts with customers are as follows as of March 31, 2025 and 2026 (in thousands):

March 31,
20252026
Contract Assets:
Deferred contract cost (1)
$11,894 $12,431 
Deferred costs - current$2 $— 
Contract Liabilities:
Deferred revenue – services (2)
$21,466 $23,337 
Deferred revenue – products (2)
1,106 827 
22,572 24,164 
Less: Deferred revenue – current(17,375)(20,159)
Deferred revenue – long term$5,197 $4,005 
(1) Deferred Contract costs are included in Other assets on the consolidated balance sheet.
(2) The Company records deferred revenues when cash payments are received or due in advance of the Company’s performance. For the year ended December 31, 2023, the three months ended March 31, 2024, and the years ended March 31, 2025 and 2026, the Company recognized revenue of $6,046, $1,975, $4,666 and $22,203, respectively, which was included in the deferred revenue balance at the beginning of each reporting period. The Company expects to recognize as revenue through year 2030, when it transfers those goods and services and, therefore, satisfies its performance obligation to the customers.