v3.26.3
Deferred Revenue
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Deferred Revenue

16. Deferred Revenue

 

Changes in deferred revenue from contract liabilities follows:

 

   2026   2025 
Balance January 1,  $8,054   $6,255 
           
Deferral of revenue (1)   15,828    2,939 
Revenue recognized   (5,682)   (2,822)
Balance June 30,  $18,200   $6,372 

 

(1) As of June 30, 2026, deferral of revenue includes (i) $13.3 million in upfront consideration related to the license agreement with NexGel (refer to Note 17 – License and Distribution Agreements for additional information) and (ii) $2.4 million as of June 30, 2026 resulting from payments received in advance of performance under the biobanking services storage contracts that are recognized as revenue under the contract as performance is completed. Deferral of revenue includes $1,208 as of June 30, 2025 resulting from payments received in advance of performance under the biobanking services storage contracts that are recognized as revenue under the contract as performance is completed.