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| Contracts with Customers | Contracts with Customers During the three and six months ended June 30, 2026, one customer comprised 11.8% and 10.7%, respectively, of our total net revenue. During the three and six months ended June 30, 2025, one customer comprised 12.7% and 11.6%, respectively, of our total net revenue. We have forms of variable consideration present in our contracts with customers, including rebates on volume and other discounts. Charges for rebates and other allowances were approximately 11% and 10% of net revenue in the three months ended June 30, 2026 and 2025, and approximately 11% of net revenue in each of the six months ended June 30, 2026 and 2025. Warrant Agreements with Customers — The Company has equity agreements with two of our customers for the grant of non-voting common stock warrants that vest based on aggregate payments received on the sale of certain goods and services. The grant date fair value of the warrants is accounted for as consideration paid to the customers, which is recorded as a reduction of revenue ratably over the term of the agreements based on sales to the customers. We have certain warrant-related assets included within prepaid expenses and other current assets and other assets in the Unaudited Condensed Consolidated Balance Sheets from warrant shares that immediately vested on the grant date. The warrant-related assets are recognized ratably as a reduction of revenue over the term of the warrant agreement. The Company recognized a reduction to revenue of $0.2 million and $0.1 million during the three months ended June 30, 2026 and 2025, and $0.4 million and $0.2 million during the six months ended June 30, 2026 and 2025, respectively, from the warrant-related asset balances. See additional discussion in Note 17 — Shareholders’ Equity. The following table summarizes the warrant-related asset balances and the respective classification in the Unaudited Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025:
Automation Equipment Sales Deferred revenue and Contract balances — Deferred revenue primarily represents contractual amounts received from customers that exceed revenue recognized for automation equipment sales. Our enforceable contractual obligations related to automation equipment sales have durations of less than one year and are included in current liabilities on the Unaudited Condensed Consolidated Balance Sheets, as the deferred revenue is expected to be recognized within twelve months. The following table presents our contract assets and contract liabilities related to automation equipment sales:
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