Revenue, Deferred Revenue, and Deferred Device and Contract Costs (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

The following table presents the Company’s revenues disaggregated by revenue source and geography (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue by Type
Access Fees	$	474,215	$	523,703	$	958,870	$	1,049,439
Other	132,712		108,197		261,902		211,830
Total Revenue	$	606,927	$	631,900	$	1,220,772	$	1,261,269

Revenue by Geography
U.S.	$	487,360	$	519,689	$	978,865	$	1,044,659
International	119,567		112,211		241,907		216,610
Total Revenue	$	606,927	$	631,900	$	1,220,772	$	1,261,269

Schedule of Deferred Revenue Activities

The following table summarizes deferred revenue activities for the periods presented (in thousands):


	Six Months Ended June 30,
	2026		2025
Beginning balance	$	71,444	$	89,082
Balances assumed as part of business acquisitions	—		890
Cash collected	49,762		67,663
Revenue recognized	(50,725)		(72,244)
Ending balance	$	70,481	$	85,391

Schedule of Deferred Device and Contract Costs

Deferred device and contract costs are classified as a component of prepaid expenses and other current assets or other assets, depending on term, and consisted of the following (in thousands):


	As of
	June 30,		December 31,
	2026		2025
Deferred device and contract costs, current	$	35,015	$	31,820
Deferred device and contract costs, non-current	15,180		14,129
Total deferred device and contract costs	$	50,195	$	45,949

Deferred device and contract costs were as follows (in thousands):


	Deferred Device and Contract Costs
Beginning balance as of December 31, 2025	$	45,949
Additions	27,664
Cost of revenue recognized	(23,418)
Ending balance as of June 30, 2026	$	50,195