Revenue, Contract Assets, Contract Liabilities and Remaining Performance Obligations (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Revenue from Subscription and Non-Subscription Contracts |
The following shows revenue from subscription and non-subscription contracts (dollars in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Subscription revenue |
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$ |
12,572 |
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|
70 |
% |
|
$ |
14,572 |
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|
76 |
% |
|
$ |
25,793 |
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|
76 |
% |
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$ |
34,082 |
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|
79 |
% |
Non-subscription revenue |
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5,476 |
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|
30 |
% |
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4,610 |
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24 |
% |
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|
8,089 |
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24 |
% |
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8,976 |
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|
21 |
% |
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$ |
18,048 |
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|
100 |
% |
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$ |
19,182 |
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100 |
% |
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$ |
33,882 |
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100 |
% |
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$ |
43,058 |
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|
100 |
% |
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| Schedule of Disaggregation of Revenue by Geography |
The following revenue disaggregated by geography was recognized (dollars in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Americas |
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U.S. |
$ |
8,131 |
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45 |
% |
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$ |
10,376 |
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54 |
% |
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$ |
16,769 |
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|
50 |
% |
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$ |
22,361 |
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52 |
% |
Canada |
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3,883 |
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22 |
% |
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2,177 |
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11 |
% |
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5,479 |
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16 |
% |
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3,673 |
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9 |
% |
Other(1) |
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19 |
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0 |
% |
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31 |
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0 |
% |
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68 |
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0 |
% |
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|
130 |
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0 |
% |
Total Americas |
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12,033 |
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67 |
% |
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12,584 |
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65 |
% |
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22,316 |
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66 |
% |
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26,164 |
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61 |
% |
EMEA |
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United Kingdom |
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1,129 |
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6 |
% |
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1,831 |
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10 |
% |
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2,052 |
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6 |
% |
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5,104 |
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12 |
% |
Belgium |
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1,493 |
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8 |
% |
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|
988 |
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5 |
% |
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3,183 |
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9 |
% |
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1,004 |
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2 |
% |
Germany |
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1,567 |
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9 |
% |
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1,086 |
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6 |
% |
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3,149 |
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9 |
% |
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2,375 |
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6 |
% |
Other(1) |
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1,313 |
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7 |
% |
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2,082 |
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11 |
% |
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2,250 |
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7 |
% |
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5,721 |
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13 |
% |
Total EMEA |
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5,502 |
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30 |
% |
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5,987 |
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32 |
% |
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10,634 |
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31 |
% |
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14,204 |
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33 |
% |
Asia Pacific |
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Other(1) |
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513 |
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3 |
% |
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|
611 |
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3 |
% |
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|
932 |
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3 |
% |
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2,690 |
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6 |
% |
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|
513 |
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3 |
% |
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|
611 |
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3 |
% |
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|
932 |
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3 |
% |
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2,690 |
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6 |
% |
Total |
$ |
18,048 |
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|
100 |
% |
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$ |
19,182 |
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|
100 |
% |
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$ |
33,882 |
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|
100 |
% |
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$ |
43,058 |
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|
100 |
% |
(1) Revenue from individual geographic regions that represent less than 10% of total revenue for the periods presented are not separately disclosed.
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| Schedule of Changes in Contract With Customer Asset |
Changes in contract assets were as follows (in thousands):
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|
2026 |
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|
2025 |
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Balance as of January 1, |
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$ |
1,778 |
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$ |
785 |
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Contract assets recorded during the period |
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|
4,161 |
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|
3,048 |
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Reclassified to accounts receivable |
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(1,269 |
) |
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(1,539 |
) |
Other |
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(24 |
) |
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|
82 |
|
Balance as of June 30, |
|
$ |
4,646 |
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$ |
2,376 |
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| Schedule Of Changes In Contract With Customer Liability Reported on Consolidated Balance Sheets |
Contract liabilities were reported on the Company's condensed consolidated balance sheets as follows (in thousands):
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June 30, |
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December 31, |
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2026 |
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|
2025 |
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Contract liabilities, current portion |
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$ |
32,625 |
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$ |
35,160 |
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Contract liabilities, non-current |
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|
13,869 |
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|
14,207 |
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Contract liabilities |
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$ |
46,494 |
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$ |
49,367 |
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| Schedule of Changes in Contract With Customer Liability |
Changes in contract liabilities were as follows (in thousands):
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|
2026 |
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|
2025 |
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Balance as of January 1, |
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$ |
49,367 |
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$ |
45,526 |
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Contract liabilities recorded during the period |
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|
14,457 |
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|
21,549 |
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Revenue recognized during the period |
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(16,925 |
) |
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(18,281 |
) |
Other |
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|
(405 |
) |
|
|
316 |
|
Balance as of June 30, |
|
$ |
46,494 |
|
|
$ |
49,110 |
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| Schedule of Revenue Remaining Performance Obligation Expected Timing of Satisfaction |
The Company expects to recognize its remaining performance obligations as of June 30, 2026, over the following periods (dollars in thousands):
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June 30, 2026 |
|
1 to 12 months |
|
$ |
51,390 |
|
|
|
38 |
% |
13 to 24 months |
|
|
41,433 |
|
|
|
31 |
% |
25 to 36 months |
|
|
27,005 |
|
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|
20 |
% |
37 to 48 months |
|
|
11,022 |
|
|
|
8 |
% |
Remaining |
|
|
3,617 |
|
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|
3 |
% |
Total |
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$ |
134,467 |
|
|
|
100 |
% |
|