Revenue (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine months ended September 30,
(in millions)	2025		2024		2025		2024
License-based	$	435.0	$	408.8	$	1,281.4	$	1,210.7
Asset-based	84.7		83.8		252.8		245.5
Transaction-based	97.7		76.8		270.2		227.9
Consolidated revenue	$	617.4	$	569.4	$	1,804.4	$	1,684.1

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, each of the next four subsequent years, and thereafter, as follows:

(in millions)	As of September 30, 2025
Remainder of 2025 (October 1 through December 31)	$	391.3
2026	747.8
2027	221.8
2028	86.3
2029	38.5
Thereafter	58.2
Total	$	1,543.9

Summary of Contract Assets and Change in Deferred Commissions

The following table summarizes our contract assets balance:

(in millions)	As of September 30, 2025		As of December 31, 2024
Accounts receivable, less allowance for credit losses	$	363.9	$	358.1
Deferred commissions	64.4		65.8
Total contract assets	$	428.3	$	423.9