
	As of
	June 30, 2026		December 31, 2025
Accounts receivable, net:
Trade receivables	$	305,772	$	340,360
Unbilled receivables	91,427		80,741

Allowance for doubtful accounts	(21,559)		(20,415)
Total Accounts receivable, net	$	375,640	$	400,686

Prepaids and other current assets:
Prepaid expenses	$	82,322	$	82,950
Other current assets	15,978		17,058
Total Prepaids and other current assets	$	98,300	$	100,008

Other current liabilities:
Accrued expenses	$	67,167	$	55,184
Income tax payable (1)	53,649		—
Accrued indirect taxes	9,448		18,904
Restructuring reserve	3,672		13,775
Other current liabilities	3,314		6,419
Other short-term borrowings	22,903		—
Total Other current liabilities	$	160,153	$	94,282

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(1) In preparation for the spin-off, Hexagon transferred certain assets and liabilities to Octave, including income tax payable balances which were generated by both Octave and Hexagon businesses prior to the Distribution.