v3.26.1
Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Contract Assets and Liabilities

Contract assets and liabilities included in our Condensed Consolidated Balance Sheets are as follows:

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Contract Assets

 

 

 

 

 

 

 

 

 

Unbilled customer receivables included in Other current assets

 

$

5,968

 

 

$

6,688

 

 

$

4,104

 

Total Contract Assets

 

$

5,968

 

 

$

6,688

 

 

$

4,104

 

 

 

 

 

 

 

 

 

 

 

Contract Liabilities

 

 

 

 

 

 

 

 

 

Customer advance payments included in Accrued expenses and other liabilities

 

$

(1,007

)

 

$

(1,633

)

 

$

(910

)

Total Contract Liabilities

 

$

(1,007

)

 

$

(1,633

)

 

$

(910

)

Summary of Disaggregated Revenues

The following table presents revenues disaggregated by the major markets we serve:

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Transportation

 

$

59,251

 

 

$

60,674

 

 

$

119,409

 

 

$

119,163

 

Industrial

 

 

39,508

 

 

 

34,110

 

 

 

76,647

 

 

 

66,558

 

Medical

 

 

27,849

 

 

 

19,177

 

 

 

52,366

 

 

 

38,308

 

Aerospace & Defense

 

 

18,172

 

 

 

21,348

 

 

 

35,588

 

 

 

37,049

 

Total

 

$

144,780

 

 

$

135,309

 

 

$

284,010

 

 

$

261,078