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| Revenue | 15. REVENUE Disaggregated Revenue The Company’s revenue disaggregated by revenue source is as follows (in thousands):
The Company’s revenue disaggregated by customer location is as follows (in thousands):
Remaining Performance Obligations As of June 30, 2026, approximately $485.0 million of revenue is expected to be recognized from remaining performance obligations that are unsatisfied (or partially unsatisfied), including both funded (firm orders for which funding has been both authorized and appropriated by the customer) and unfunded (firm orders for which funding has not been appropriated) orders. Unexercised contract options are not included in remaining performance obligations until the time the option is exercised. The Company expects approximately 50% of the remaining performance obligations to be recognized as revenue within the next twelve months. Unearned Revenue Contract liabilities consist of unearned revenue and represent cash payments received or contracted billings recorded for which the performance obligations were not satisfied as of the end of the period. The change in unearned revenue for the six months ended June 30, 2026, primarily relates to such cash payments received or contracted billings recorded, as well as the addition of unearned revenue through acquisitions, partially offset by revenue recognized. The Company recognized revenue of $38.0 million and $8.5 million, for the six months ended June 30, 2026 and 2025, respectively, that related to the unearned revenue balances as of the beginning of each year. |
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