v3.26.1
Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Contract Balances
The following table provides information about accounts receivable, net, deferred contract acquisition costs, net, contract assets and contract liabilities from contracts with customers (in thousands):
June 30, 2026December 31, 2025
Accounts receivable, net$141,507 $130,984 
Deferred contract acquisition costs, net:
Current$94,262 $88,714 
Non-current189,842 176,976 
Total deferred contract acquisition costs, net$284,104 $265,690 
Contract assets and contract liabilities:
Contract assets (included in prepaid expenses and other current assets)$5,641 $4,101 
Contract liabilities (deferred revenue)(73,417)(77,515)
Noncurrent contract liabilities (deferred revenue) (included in other long-term liabilities)(915)(1,545)
Net contract liabilities$(68,691)$(74,959)
The Company receives payments from customers based upon billing cycles. Invoice payment terms are usually 30 days or less. Accounts receivable are recorded when the right to consideration becomes unconditional.
Deferred contract acquisition costs are recorded when incurred and are amortized over an estimated customer benefit period of five years.
The Company’s contract assets consist of unbilled amounts typically resulting from professional services where revenue is recognized in excess of total amounts billed to the customer. The Company’s contract liabilities consist of advance payments and billings in excess of revenue recognized.
In the three and six months ended June 30, 2026, the Company recognized revenue of $12.6 million and $58.1 million related to its contract liabilities at December 31, 2025.
Remaining Performance Obligations
As of June 30, 2026, the aggregate amount of the total transaction price allocated in contracts with original duration of greater than one year to the remaining performance obligations was $1,448 million. The Company expects to recognize revenue on approximately three-fourths of the remaining performance obligations over the next 24 months, with the balance recognized thereafter. The Company excludes amounts for remaining performance obligations that are part of contracts with an original expected duration of one year or less. Such remaining performance obligations represent unsatisfied or partially unsatisfied performance obligations.