Contract Related Disclosures |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Contract Related Disclosures | 6. Contract Related Disclosures
The following table summarizes contract related balances:
During the six months ended June 30, 2026 and 2025, the Company recognized $3.7 million and $1.0 million, respectively, in revenue that was originally included in the deferred income balance at the start of each period.
No significant amounts of revenue were recognized during the periods presented as a result of changes in contract transaction prices related to performance obligations satisfied in prior periods.
Transaction Price Allocated to Remaining Performance Obligations
At June 30, 2026, in respect of contracts exceeding one year duration, the aggregate amount of the transaction price allocated to the performance obligations which are unsatisfied (or partially unsatisfied) at the end of the reporting period was approximately $112.8 million. Of this amount, we expect to recognize as revenue approximately 18% through December 31, 2026, approximately 54% through December 31, 2028, approximately 26% through December 31, 2030, and the remaining 2% through December 31, 2031.
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