v3.26.1
Revenue
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Deferred revenue
The changes in deferred revenue were as follows for the periods presented:
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Balance, beginning of period$627,664 $406,636 $595,334 $381,363 
Billings and other(1)
369,202 276,151 734,971 529,623 
Revenue(370,083)(249,640)(703,522)(477,839)
Balance, end of period$626,783 $433,147 $626,783 $433,147 
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(1)Other primarily includes amounts for which the Company had a contractual right to bill and receive payment from the customer.
Approximately 72% of revenue recognized during the three months ended June 30, 2026 was from the deferred revenue balance as of March 31, 2026, and approximately 70% of revenue recognized during the three months ended June 30, 2025 was from the deferred revenue balance as of March 31, 2025. Approximately 59% of revenue recognized during the six months ended June 30, 2026 was from the deferred revenue balance as of December 31, 2025, and approximately 58% of revenue recognized during the six months ended June 30, 2025 was from the deferred revenue balance as of December 31, 2024.
Remaining performance obligations
As of June 30, 2026, the aggregate balance of remaining performance obligations that were unsatisfied or partially unsatisfied was $687.0 million. The substantial majority of the remaining performance obligations will be satisfied over the twelve months following June 30, 2026, with the balance to be recognized as revenue thereafter.