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REVENUE FROM CONTRACTS WITH CUSTOMERS
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE FROM CONTRACTS WITH CUSTOMERS REVENUE FROM CONTRACTS WITH CUSTOMERS
Disaggregation of Revenue
The Company’s revenue based on the timing of revenue recognition is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Recurring revenue (1)
$282,813 $267,334 $561,993 $526,166 
Non-recurring revenue (2)
115,601 146,007 222,922 269,979 
Total revenue$398,414 $413,341 $784,915 $796,145 
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(1)Includes monthly subscription licenses, SaaS-based subscriptions and maintenance subscriptions.
(2)Includes perpetual software licenses and services and other revenue.
The Company’s revenue consists of the following revenue streams:

Three Months Ended June 30,Six Months Ended June 30,

2026202520262025
Revenue:
Subscription licenses
$72,549 $73,647 $144,911 $147,814 
SaaS
87,225 70,999 171,894 138,848 
Maintenance subscription123,039 122,688 245,188 239,504 
Subscriptions
282,813 267,334 561,993 526,166 
Licenses
39,104 50,983 74,229 93,622 
Subscriptions and licenses
321,917 318,317 636,222 619,788 
Services and other
76,497 95,024 148,693 176,357 
Total revenue$398,414 $413,341 $784,915 $796,145 
Revenue by geographic region, based upon the location of the end customer, are as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Americas: (1)
United States$151,159 $171,983 $297,051 $332,472 
Other Americas33,552 38,073 75,405 73,984 
EMIA (2)
156,498 143,693 302,018 275,893 
APAC (3)
57,205 59,592 110,441 113,796 
Total revenue$398,414 $413,341 $784,915 $796,145 
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(1)Americas includes the United States, Canada, and Latin America.
(2)EMIA includes Europe, Middle East, India, and Africa.
(3)APAC includes the Asia-Pacific region, excluding India.
Operations in Ireland, our country of domicile, are not material in all periods presented.
Contract Balances
As of June 30, 2026 and December 31, 2025, the Company's contract assets relate to performance obligations completed in advance of the right to invoice and are included in Prepaids and other current assets in the Condensed Consolidated Balance Sheets. Contract assets were not material as of June 30, 2026, or December 31, 2025.
Deferred revenue consists of billings made or payments received in advance of revenue recognition from subscriptions and services. The primary changes in the Company’s deferred revenue are due to the performance under the contracts and new billings made or payments received in advance of revenue recognition from service, installation, and support. The satisfaction of performance obligations typically lags behind payments received under revenue recognition from contracts with customers. Deferred revenues are short-term in nature and are generally recognized as revenue within 12 months. As of June 30, 2026 and December 31, 2025, total deferred revenue was $452.9 million and $426.1 million, respectively, and is included within Deferred revenue and Other noncurrent liabilities on the Condensed Consolidated Balance Sheets.
Changes in the Company’s total deferred revenue balances primarily relate to additional deferrals through new billings and reduced deferrals through revenue recognition. For the six months ended June 30, 2026, the Company recognized $283.3 million of revenue that was included in the December 31, 2025 deferred revenue balance. For the six months ended June 30, 2025, the Company recognized $213.4 million of revenue that was included in the December 31, 2024 deferred revenue balance.
Remaining Performance Obligations
The Company’s contracts with customers include amounts allocated to performance obligations that will be satisfied at a later date. As of June 30, 2026, amounts allocated to these remaining performance obligations are $452.9 million, of which the Company expects to recognize approximately 96% over the next 12 months with the remaining amount thereafter.