v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Disaggregation of Revenue
The following table provides information about disaggregated revenue from contracts with customers by geographic regions. The geographic regions that are tracked are the Americas (United States, Canada, and Latin America), EMEA (Europe, Middle East, and Africa), and APAC (Australia, New Zealand, Southeast Asia, and China).
Disaggregated information is as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Primary geographical markets:
APAC$11,742 $6,580 $17,071 $8,116 
Americas1,722 6,352 9,582 8,440 
EMEA1,451 2,396 3,510 6,315 
Total revenues$14,915 $15,328 $30,163 $22,871 
Contract Balances
The following table presents balances of unbilled receivables, contract assets, and contract liabilities (in thousands):
June 30, 2026December 31, 2025
Unbilled receivables$1,378 $1,741 
Contract assets$4,340 $492 
Contract liabilities: deferred revenue$862 $7,369 
We had no asset impairment charges related to financial assets in the three and six months ended June 30, 2026 and 2025.
As of June 30, 2026, we have $0.8 million of short-term unbilled receivables presented as unbilled receivables within current assets and $0.6 million of long-term unbilled receivables that is included within the other non-current assets line item in the condensed consolidated balance sheets. As of December 31, 2025, we had $1.5 million of short-term unbilled receivables presented as unbilled receivables within current assets and $0.3 million of long-term unbilled receivables that is included within the other non-current assets line item in the condensed consolidated balance sheets.
We recognized the following revenues (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
Revenue recognized in the period for:2026202520262025
Amounts included in contract liabilities at the beginning of the period:
Performance obligations satisfied$252 $140 $6,603 $250 
Changes in the period:
Changes in the estimated transaction price allocated to performance obligations satisfied in prior periods— (400)(219)(13)
Revenue recognized on performance obligations previously completed upon the customer achieving a milestone
— 4,700 — 4,700 
Performance obligations satisfied from new activities in the period - contract revenue14,663 10,888 23,779 17,934 
Total revenues$14,915 $15,328 $30,163 $22,871 
Performance Obligations
As of June 30, 2026, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting periods was $0.9 million. The estimated revenue does not include contracts with original durations of one year or less, amounts of variable consideration attributable to royalties, or contract renewals that are unexercised, and partially based on judgments involved in estimating future orders from customers subject to the exercise of material rights pursuant to respective contracts as of June 30, 2026.