Revenue |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Revenue from Contract with Customer [Abstract] | |
| Revenue | NOTE 4 — Revenue The Operating Subsidiaries operate in a variety of industries and generate revenue from the sale of a diverse mix of product and service offerings. Operating Subsidiaries are not concentrated in a specific industry or geographical region. The Company disaggregates its revenue between sales of products and sales of services in the Condensed Consolidated Statements of Operations. There are no material extended payment terms extended to Operating Subsidiary customers. At times, the Company has a right to payment from previous performance that is conditional on something other than the passage of time, such as billings that are contingent on work completed by others, and certain unbilled receivables, which are recognized as Contract Assets. Contract Assets were $2.3 million and $1.8 million as of June 30, 2026 and December 31, 2025, respectively, and are included in Accounts Receivable, Net on the Condensed Consolidated Balance Sheets. Contract liabilities consist of payments received from customers in advance of the Company providing the product or performing services such that control has not passed to the customer. Contract liabilities were $13.2 million and $10.1 million as of June 30, 2026 and December 31, 2025, respectively, and are included in Deferred Revenue on the Condensed Consolidated Balance Sheets. During the six months ended June 30, 2026, the Company recognized $7.6 million of revenue that was included in deferred revenue as of December 31, 2025.
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