| Revenue |
The following tables present the Company’s revenue disaggregated by revenue source:
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Successor |
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Predecessor |
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Period from |
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Period from |
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Three Months Ended |
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June 25, 2025 |
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March 30, 2025 |
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June 30, 2026 |
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through June 30, 2025 |
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through June 24, 2025 |
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Behavioral Subscription Revenue |
$ |
121,486 |
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|
$ |
10,345 |
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$ |
146,913 |
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Clinical Subscription Revenue |
|
39,906 |
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|
1,733 |
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|
28,860 |
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Subscription Revenue, net |
$ |
161,392 |
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$ |
12,078 |
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$ |
175,773 |
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Other Revenue, net |
|
932 |
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|
89 |
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|
1,224 |
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Revenue, net |
$ |
162,324 |
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$ |
12,167 |
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$ |
176,997 |
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Successor |
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Predecessor |
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Period from |
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Period from |
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Six Months Ended |
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June 25, 2025 |
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December 29, 2024 |
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June 30, 2026 |
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through June 30, 2025 |
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through June 24, 2025 |
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Behavioral Subscription Revenue |
$ |
250,010 |
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$ |
10,345 |
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$ |
302,636 |
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Clinical Subscription Revenue |
|
78,739 |
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|
1,733 |
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|
58,317 |
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Subscription Revenue, net |
$ |
328,749 |
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$ |
12,078 |
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$ |
360,953 |
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Other Revenue, net |
|
1,836 |
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|
89 |
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|
2,615 |
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Revenue, net |
$ |
330,585 |
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$ |
12,167 |
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$ |
363,568 |
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Information about Contract Balances For Subscription Revenue, the Company can collect payment in advance of providing services. Any amounts collected in advance of services being provided are recorded in deferred revenue. In the case where amounts are not collected, but the service has been provided and the revenue has been recognized, the amounts are recorded in accounts receivable. The opening and ending balances of the Company’s deferred revenue were as follows:
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Deferred Revenue |
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Deferred Revenue |
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Current |
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Long-Term |
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Balance as of December 28, 2024 (Predecessor) |
$ |
31,655 |
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|
$ |
93 |
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Net decrease during the period |
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(1,873 |
) |
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(8 |
) |
Balance as of June 24, 2025 (Predecessor) |
$ |
29,782 |
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|
$ |
85 |
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Balance as of June 25, 2025 (Successor) |
$ |
29,782 |
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|
$ |
85 |
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Net increase during the period |
|
172 |
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— |
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Balance as of June 30, 2025 (Successor) |
$ |
29,954 |
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$ |
85 |
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Deferred Revenue |
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Deferred Revenue |
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Current |
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Long-Term |
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Balance as of December 31, 2025 (Successor) |
$ |
28,565 |
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$ |
55 |
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Net decrease during the period |
|
(3,350 |
) |
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(47 |
) |
Balance as of June 30, 2026 (Successor) |
$ |
25,215 |
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|
$ |
8 |
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Revenue recognized from amounts included in current deferred revenue as of December 28, 2024 (Predecessor) was $26,934 for the period from December 29, 2024 through June 24, 2025 (Predecessor) and $232 for the period from June 25, 2025 through June 30, 2025 (Successor). Revenue recognized from amounts included in current deferred revenue as of December 31, 2025 (Successor) was $25,155 for the six months ended June 30, 2026 (Successor).
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