v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following table summarizes the revenue by region based on the billing address of customers who have contracted to use the Company’s global network and products:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
United States$354,447 51 %$251,894 49 %$670,277 50 %$486,781 49 %
Europe, Middle East, and Africa
187,039 27 %143,438 28 %362,717 27 %277,291 28 %
Asia Pacific99,444 14 %75,144 15 %198,092 15 %148,539 15 %
Other55,131 %41,840 %104,730 %78,792 %
Total$696,061 100 %$512,316 100 %$1,335,816 100 %$991,403 100 %
The following table summarizes the revenue from contracts by type of customer:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(dollars in thousands)(dollars in thousands)
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
AmountPercentage
of Revenue
Channel partners
$217,653 31 %$130,415 25 %$410,613 31 %$242,970 25 %
Direct customers
478,408 69 %381,901 75 %925,203 69 %748,433 75 %
Total$696,061 100 %$512,316 100 %$1,335,816 100 %$991,403 100 %
Schedule of Deferred Contract Acquisition Costs
The following table summarizes the activity of the deferred contract acquisition costs:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
(in thousands)(in thousands)
Beginning balance$225,481 $174,543 $219,499 $172,217 
Capitalization of contract acquisition costs
47,548 33,540 84,510 58,998 
Amortization of deferred contract acquisition costs
(32,506)(24,164)(63,486)(47,296)
Ending balance$240,523 $183,919 $240,523 $183,919