
	June 30, 2026		December 31, 2025
Accounts receivable	$	171,775	$	149,163
Allowance for credit losses	(8,016)		(5,171)
Allowance for product returns	(2,050)		(2,140)
Accounts receivable, net	$	161,709	$	141,852

For the three and six months ended June 30, 2026, we recorded a reserve for product returns of $0.6 million and $1.0 million in our hardware and other revenue, respectively, as compared to $0.7 million and $1.1 million for the same periods in the prior year. Historically, we have not experienced write-offs for uncollectible accounts or sales returns that have differed significantly from our estimates.

We identified the following two portfolio segments for our accounts receivable: (i) outstanding accounts receivable balances within Alarm.com and certain subsidiaries and (ii) outstanding accounts receivable balances within all other subsidiaries. There were no changes to our portfolio segments for our accounts receivable during the three and six months ended June 30, 2026, and no changes to our policies or practices that influenced our estimate of expected credit losses for accounts receivable. Additionally, there were no significant changes in the amount of accounts receivable write-offs during the three and six months ended June 30, 2026, as compared to historical periods.


	Three Months Ended June 30, 2026				Three Months Ended June 30, 2025				Six Months Ended June 30, 2026				Six Months Ended June 30, 2025
	Alarm.com and Certain Subsidiaries		All Other Subsidiaries		Alarm.com and Certain Subsidiaries		All Other Subsidiaries		Alarm.com and Certain Subsidiaries		All Other Subsidiaries		Alarm.com and Certain Subsidiaries		All Other Subsidiaries
Beginning of period balance	$	(5,887)	$	(226)	$	(4,600)	$	(121)	$	(4,931)	$	(240)	$	(3,777)	$	(93)
(Provision for) / recovery of expected credit losses	(2,187)		8		(456)		(119)		(3,347)		1		(1,402)		(150)
Write-offs	276		—		138		16		480		21		261		19
End of period balance	$	(7,798)	$	(218)	$	(4,918)	$	(224)	$	(7,798)	$	(218)	$	(4,918)	$	(224)