Revenue from Contracts with Customers

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue from contracts with customers

Revenue from contracts with customers

Disaggregation of revenue

The following table depicts the disaggregation of revenue by sales channel mix and customer mix as defined by the nature of workflows (in thousands):

	Year Ended December 31,
	2025		2024		2023
Sales channel mix
Direct sales channel	$	146,668	$	149,874	$	147,169
Distributor channel	54,825		50,579		45,846
Total revenue, net	$	201,493	$	200,453	$	193,015
Customer mix
Academia and government	$	84,763	$	80,911	$	82,145
Biotechnology, pharmaceutical, distributor and contract research organizations	116,730		119,542		110,870
Total revenue, net	$	201,493	$	200,453	$	193,015

Revenue by geographical markets is presented in Note 22, Segment Information and Geographic Data.

Remaining performance obligations

The following table includes estimated revenues expected to be recognized in the future related to performance obligations that are unsatisfied (or partially satisfied) as of December 31, 2025 (in thousands):

	Less than 1 year		Greater than 1 year		Total
Product revenue	$	1,927	$	—	$	1,927
Service revenue	26,577		18,339		44,916
Total revenue	$	28,504	$	18,339	$	46,843

Contract balances

The Company had immaterial amounts of contract assets included within prepaid expenses and other current assets on the consolidated balance sheets. The following table provides information about deferred revenue from contracts with customers, and customer deposits (in thousands):

	December 31, 2025		December 31, 2024
Contract liabilities:
Deferred revenue, current	$	28,504	$	25,492
Deferred revenue, long-term	$	18,339	$	16,098
Customer deposits, which are included in 'Other current liabilities'	1,068		1,118
Total contract liabilities	$	47,912	$	42,708

The following provides a roll-forward of the contract liabilities (in thousands):

Contract liabilities
Balance at December 31, 2022	$	27,665
Revenue recognized	(36,298)
Revenue deferred	47,898
Balance at December 31, 2023	$	39,265
Revenue recognized	(47,190)
Revenue deferred	50,633
Balance at December 31, 2024	$	42,708
Revenue recognized	(57,106)
Revenue deferred	62,310
Balance at December 31, 2025	$	47,912