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Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2024
Revenue Recognition  
Schedule of disaggregation of revenues by payer types

Three months ended

Six months ended

June 30, 

June 30, 

2024

2023

2024

2023

(in thousands)

Insurance carriers

$

384,128

$

226,521

$

725,156

$

436,899

Laboratory and other partners

22,254

27,449

42,530

50,254

Patients

6,969

7,434

13,406

16,007

Total revenues

$

413,351

$

261,404

$

781,092

$

503,160

Schedule of total revenue by geographic area

Three months ended

Six months ended

 

June 30, 

June 30, 

 

    

2024

    

2023

    

2024

2023

 

(in thousands)

United States

 

$

404,872

$

253,296

$

764,285

$

486,550

Americas, excluding U.S.

 

1,601

1,206

3,082

2,364

Europe, Middle East, India, Africa

 

5,439

5,620

10,617

10,816

Asia Pacific and Other

 

1,439

1,282

3,108

3,430

Total revenues

 

$

413,351

$

261,404

$

781,092

$

503,160

Schedule of beginning and ending balances of accounts receivable and deferred revenues

Balance at

June 30, 

December 31,

2024

2023

(in thousands)

Assets:

Accounts receivable, net

$

335,936

$

278,289

Liabilities:

Deferred revenue, current portion

$

18,367

$

16,612

Deferred revenue, long-term portion

18,416

19,128

Total deferred revenues

$

36,783

$

35,740

Schedule of changes in the balance of deferred revenues

Balance at

June 30, 

2024

2023

(in thousands)

Beginning balance

$

35,740

$

30,778

Increase in deferred revenues

14,826

17,402

Revenue recognized during the period that was included in deferred revenues at the beginning of the period

(9,646)

(7,521)

Revenue recognized from performance obligations satisfied within the same period

(4,137)

(3,513)

Ending balance

$

36,783

$

37,146