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| Revenue from Contract with Customer [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue | Revenue Below is a summary of the Company’s revenue concentration by major customers for the three months ended August 31, 2026 and August 31, 2025, respectively.
The Company’s contract liabilities consist of deferred revenue that arises when the Company receives consideration in advance of providing the goods or services provided in the contract. As of August 31, 2026 and May 31, 2026, the Company recorded $39.3 million and $4.7 million, respectively, of deferred revenue primarily related to advance billings for tenant fit-out services and the delivery of power. The Company classified deferred revenue based on the timing of when it expect to recognize revenue, which typically occurs within a short window after period-end. The full balance of deferred revenue at May 31, 2026 and May 31, 2025 was recognized as revenue during the three months ended August 31, 2026 and August 31, 2025, respectively. Further, the contract assets consist of unbilled receivables that are recorded when revenue is recognized in advance of billings to its customers. These amounts are primarily associated with difference between the revenue recognized under ASC 842 and billings per the lease agreement as well as the receivable arising from tenant fit-out services. The contract assets balance was $103.1 million and $43.1 million as of August 31, 2026 and May 31, 2026, respectively, and is included in “accounts receivable, net” and “other assets” in the unaudited condensed consolidated balance sheet. Customer Deposits Changes in the Company's customer deposits balances for the three months ended August 31, 2026 and August 31, 2025, respectively, are shown in the following table (in thousands):
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