v3.26.1
Revenue & Contract Liability
6 Months Ended
Jun. 30, 2026
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]  
Revenue & Contract Liability

14. REVENUE & CONTRACT LIABILITY

 

Deferred revenue for customer contracts represents amounts collected from, or invoiced to, customers in advance of revenue recognition. The balance of deferred revenue will increase or decrease based on the timing of invoices and recognition of revenue.

 

Significant changes in our Deferred revenue liability balances during the six months ended June 30, 2026, and the year ended December 31, 2025, were as follows (in thousands):

 

 

June 30, 2026

 

 

December 31, 2025

 

 

 

 

 

 

 

 

Beginning Balance

 

$

16,830

 

 

$

8,903

 

Revenue Recognized

 

 

(16,830

)

 

 

(8,903

)

Amounts Collected or Invoiced

 

 

4,683

 

 

 

16,830

 

Ending Balance

 

$

4,683

 

 

$

16,830