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Contract Receivables, Net -Summary of Reconciliation of Billed Contract Receivables Sold to MUF Including Receivables Sold to MUFC And Collected from Customers on Behalf of MUFG And Receivables Not Yet Collected from Customers (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Receivables [Abstract]    
Beginning balance [1] $ 21,302 [2] $ 3,818
Billed receivables sold during the period [3] 634,081 260,904
Collections from customers during the period [3],[4] (629,417) (243,420)
Ending balance [2] $ 25,966 $ 21,302 [1]
[1] The beginning balances represent billed contract receivables that were previously sold and derecognized by the Company but have not yet been collected from customers as of January 1, 2024 and 2023, respectively.
[2] The ending balances represent billed contract receivables that were sold and derecognized by the Company but have not yet been collected from customers as of December 31, 2024 and 2023, respectively.
[3] For the twelve months ended December 31, 2024 and 2023, the Company recorded net inflows of $4.7 million and $17.5 million, respectively, in its cash flows from operating activities from the sale of billed contract receivables.
[4] For the twelve months ended December 31, 2024 and 2023, the Company recorded net inflows of $1.5 million and $15.6 million, respectively, in its cash flows from operating activities from the collection of billed contract receivables that were sold but not yet remitted to MUFG.