v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue [Table Text Block]
The following table represents our revenues disaggregated by product line (in thousands):
Three months ended
June 30,
Six months ended
June 30,
Product line2026202520262025
Consumables$289,276 $273,133 $567,551 $539,359 
Infusion Systems188,998 167,696 368,602 333,996 
Vital Care (1)
73,409 108,037 145,755 280,213 
Total Revenues$551,683 $548,866 $1,081,908 $1,153,568 
______________________________
(1) During May 2025, we completed the sale of 60% interest in our IV Solutions business (see Note 4: Disposal of Business).


The following table represents our revenues disaggregated by geography (in thousands):
Three months ended
June 30,
Six months ended
June 30,
Geography2026202520262025
United States$349,901 $335,432 $665,404 $723,676 
Europe, the Middle East and Africa95,069 99,059 199,745 194,747 
APAC55,632 58,404 113,930 117,816 
Other Foreign51,081 55,971 102,829 117,329 
Total Revenues$551,683 $548,866 $1,081,908 $1,153,568 
Contract with Customer, Asset and Liability [Table Text Block]
The following table presents the changes in our contract balances for the six months ended June 30, 2026 and 2025 (in thousands), which are included in accrued liabilities and other long-term liabilities on the condensed consolidated balance sheets:
Contract Liabilities
Beginning balance, January 1, 2026$41,233 
Equipment revenue recognized(56,287)
Equipment revenue deferred due to implementation76,620 
Software revenue recognized(18,411)
Software revenue deferred due to implementation18,608 
Government grant income recognized(1)
(934)
Other deferred revenue recognized(841)
Other deferred revenue 1,317 
Ending balance, June 30, 2026
$61,305 
Beginning balance, January 1, 2025$39,403 
Equipment revenue recognized(33,525)
Equipment revenue deferred due to implementation30,365 
Software revenue recognized(6,348)
Software revenue deferred due to implementation2,473 
Government grant income recognized(1)
(1,024)
Other deferred revenue recognized(1,156)
Other deferred revenue390 
Ending balance, June 30, 2025
$30,578 
Deferred Revenue, by Arrangement, Disclosure
As of June 30, 2026, revenue from remaining performance obligations is as follows:

Recognition Timing
(in thousands)< 12 Months> 12 Months
Equipment deferred revenue$44,985 $360 
Software deferred revenue5,946 2,223 
Government grant deferred income(1)
2,064 4,342 
Other deferred revenue(2)
1,375 10 
Total $54,370 $6,935 
______________________________
(1) The government grant deferred income is amortized over the life of the related depreciable asset as a reduction to depreciation expense.
(2) Other deferred revenue includes pump development programs, purchased training and extended warranty.