| Schedule of Assets and Liabilities Associated with Contracts from Customers |
The following table provides information about assets and liabilities associated with our contracts from customers (in thousands):
|
|
|
|
|
|
|
|
|
|
|
September 30, 2026 |
|
|
December 31, 2025 |
|
Accounts receivable |
|
$ |
89,177 |
|
|
$ |
119,953 |
|
Short-term unbilled receivables |
|
|
67,844 |
|
|
|
19,338 |
|
Long-term unbilled receivables |
|
|
31,850 |
|
|
|
45,600 |
|
Short-term contract assets |
|
|
3,093 |
|
|
|
3,070 |
|
Long-term contract assets |
|
|
787 |
|
|
|
3,338 |
|
Short-term deferred revenue |
|
|
35,013 |
|
|
|
21,011 |
|
Long-term deferred revenue |
|
|
3,087 |
|
|
|
1,943 |
|
|
| Summary of Significant Changes in Unbilled Receivables and Deferred Liabilities Balances |
Significant changes in unbilled receivables, contract assets and deferred revenue balances associated with the Company's contracts from customers for the nine months ended September 30, 2026 and 2025 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2026 |
|
|
|
Assets |
|
|
Liabilities |
|
Balance at December 31, 2025 |
|
$ |
71,346 |
|
|
$ |
(22,954 |
) |
Revenue recognized that was previously included in deferred revenue, net |
|
|
— |
|
|
|
108,589 |
|
Increases due to cash received |
|
|
— |
|
|
|
(130,246 |
) |
Cumulative catch-up adjustment arising from changes in estimates of
transaction price, net |
|
|
— |
|
|
|
6,511 |
|
Unbilled receivables recorded, net |
|
|
89,094 |
|
|
|
— |
|
Contract assets recorded, net |
|
|
(2,526 |
) |
|
|
— |
|
Transferred to receivables from unbilled receivables |
|
|
(54,340 |
) |
|
|
— |
|
Net change |
|
|
32,228 |
|
|
|
(15,146 |
) |
Balance at September 30, 2026 |
|
$ |
103,574 |
|
|
$ |
(38,100 |
) |
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, 2025 |
|
|
|
Assets |
|
|
Liabilities |
|
Balance at December 31, 2024 |
|
$ |
64,876 |
|
|
$ |
(33,611 |
) |
Revenue recognized that was previously included in deferred revenue, net |
|
|
— |
|
|
|
68,024 |
|
Increases due to cash received |
|
|
— |
|
|
|
(63,183 |
) |
Cumulative catch-up adjustment arising from changes in estimates of
transaction price, net |
|
|
— |
|
|
|
3,922 |
|
Unbilled receivables recorded, net |
|
|
134,588 |
|
|
|
— |
|
Contract assets recorded, net |
|
|
(1,911 |
) |
|
|
— |
|
Transferred to receivables from unbilled receivables |
|
|
(112,196 |
) |
|
|
— |
|
Net change |
|
|
20,481 |
|
|
|
8,763 |
|
Balance at September 30, 2025 |
|
$ |
85,357 |
|
|
$ |
(24,848 |
) |
|