Contract Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2026

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:

	March 31,		December 31,
	2026		2025
	(in thousands)
Contract assets - current:
Unbilled revenue	$	24,168	$	28,595
Total contract assets - current	$	24,168	$	28,595
Contract assets - long-term:
Other contract assets - long-term	636		680
Total contract assets - long-term(1)	$	636	$	680
Contract liabilities - current:
Deferred revenue - current	$	19,859	$	20,518
Total contract liabilities - current	$	19,859	$	20,518
Contract liabilities - long-term:
Deferred revenue - long-term	$	7,032	$	9,948
Other contract liabilities - long-term	558		555
Total contract liabilities - long-term(2)	$	7,590	$	10,503

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

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

Changes in short-term and long-term contract assets and contract liabilities for the three months ended March 31, 2026 were as follows:

	Contract Assets		Contract Liabilities
	(in thousands)
Balance as of January 1, 2026	$	29,275	$	31,021
Billings or revenue recognized that was included in the beginning balance	(8,325)		(1,705)
Changes in contract assets or contract liabilities, net of reclassification to receivables	4,287		(1,626)
Cumulative catch-up adjustment arising from changes in estimates to complete during the year	(389)		(244)
Changes in costs to fulfill and amortization of commission costs	(44)		—
Changes in contract commission costs	—		3
Balance as of March 31, 2026	$	24,804	$	27,449