v3.26.1
Unearned Revenue
6 Months Ended
Jun. 30, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Unearned Revenue Unearned Revenue
The following table presents our unearned revenue disaggregated by customer type as of the respective periods:
(in thousands)June 30, 2026December 31, 2025
Public$4,354,348 $3,628,561 
Private702,114 494,552 
Total$5,056,462 $4,123,113 
All unearned revenue is in the Construction segment. Approximately $4.0 billion of the June 30, 2026 unearned revenue is expected to be recognized within the next twelve months and the remaining amount will be recognized thereafter.