Revenue (Tables)

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table presents our revenue disaggregated by revenue type. Sales and usage-based taxes are excluded from revenue.

	Three months ended March 31,
(in millions)	2025		2024
License-based	$	418.0	$	400.2
Asset-based	85.7		77.0
Transaction-based	78.2		65.6
Consolidated revenue	$	581.9	$	542.8

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

We expect to recognize revenue related to our contract liabilities, including future billings, for the remainder of 2025 and subsequent years as follows:

(in millions)	As of March 31, 2025
Remainder of 2025 (April 1 through December 31)	$	933.4
2026	375.1
2027	113.3
2028	32.8
2029	15.1
Thereafter	19.5
Total	$	1,489.2

Summary of Contract Assets and Change in Deferred Commissions

The following table summarizes our contract assets balance:

(in millions)	As of March 31, 2025		As of December 31, 2024
Accounts receivable, less allowance for credit losses	$	342.1	$	358.1
Deferred commissions	64.8		65.8
Total contract assets	$	406.9	$	423.9