Revenue (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table represents a disaggregation of revenue from arrangements with customers for the three and six months ended June 30, 2026 and 2025, respectively:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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(in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
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Subscription services |
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$ |
52,795 |
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$ |
58,200 |
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$ |
106,366 |
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$ |
115,511 |
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Professional services |
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2,400 |
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2,550 |
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4,758 |
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4,430 |
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Total revenue |
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$ |
55,195 |
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$ |
60,750 |
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$ |
111,124 |
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$ |
119,941 |
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| Summary of Deferred Contract Costs |
A summary of the activity impacting the deferred contract costs for the six months ended June 30, 2026 and the year ended December 31, 2025 is presented below:
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(in thousands) |
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Six Months Ended June 30, 2026 |
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Year Ended December 31, 2025 |
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Balance at beginning of period |
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$ |
25,606 |
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$ |
28,125 |
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Costs amortized |
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(7,439 |
) |
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(15,871 |
) |
Additional amounts deferred |
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5,787 |
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13,352 |
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Balance at end of period |
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23,954 |
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25,606 |
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Classified as: |
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Current |
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12,190 |
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12,766 |
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Non-current |
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11,764 |
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12,840 |
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Total deferred contract costs (deferred commissions) |
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$ |
23,954 |
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$ |
25,606 |
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| Summary of Deferred Revenue Balances |
A summary of the activity impacting deferred revenue balances during the six months ended June 30, 2026 and for the year ended December 31, 2025 is presented below:
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(in thousands) |
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Six Months Ended June 30, 2026 |
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Year Ended December 31, 2025 |
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Balance at beginning of period |
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$ |
99,372 |
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$ |
93,376 |
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Revenue recognized |
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(111,124 |
) |
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(241,521 |
) |
Additional amounts deferred |
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101,094 |
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247,517 |
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Balance at end of period |
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$ |
89,342 |
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$ |
99,372 |
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| Summary of Remaining Performance Obligation |
The remaining performance obligations consisted of the following:
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(in thousands) |
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June 30,
2026 |
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December 31,
2025 |
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Current |
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$ |
149,986 |
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$ |
165,087 |
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Non-current |
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63,386 |
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75,368 |
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Total |
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$ |
213,372 |
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$ |
240,455 |
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