Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Components of contract assets and contract liabilities

The components of contract assets and contract liabilities consisted of the following:

	December 31,		December 31,
	2025		2024
	(in thousands)
Contract assets - current:
Unbilled revenue	$	28,595	$	27,852
Total contract assets - current	$	28,595	$	27,852
Contract assets - long-term:
Unbilled revenue - long-term	$	—	$	173
Other contract assets - long-term	680		937
Total contract assets - long-term(1)	$	680	$	1,110
Contract liabilities - current:
Deferred revenue - current	$	20,518	$	2,160
Other contract liabilities - current	—		23
Total contract liabilities - current	$	20,518	$	2,183
Contract liabilities - long-term:
Deferred revenue - long-term	$	9,948	$	—
Other contract liabilities - long-term(2)	555		678
Total contract liabilities - long-term	$	10,503	$	678

(1) Total contract assets - long term is included in other assets in the consolidated balance sheets.

(2) Other contract liabilities - long term is included in other liabilities in the consolidated balance sheets.

Changes in short-term and long-term contract assets and contract liabilities for the year ended December 31, 2025 were as follows:

	Contract Assets		Contract Liabilities
	(in thousands)
Balance as of January 1, 2025	$	28,962	$	2,861
Billings or revenue recognized that was included in the beginning balance	(15,846)		(1,712)
Changes in contract assets or contract liabilities, net of reclassification to receivables	8,005		30,111
Cumulative catch-up adjustment arising from changes in estimates to complete during the year	8,411		(93)
Changes in costs to fulfill and amortization of commission costs	(257)		—
Changes in contract commission costs	—		(146)
Balance as of December 31, 2025	$	29,275	$	31,021