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Revenue Recognition
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Deferred Revenue

Deferred revenue is as follows:
(in thousands)June 30, 2025December 31, 2024
Current$22,572 $23,166 
Non-current1,259 1,529 
Total$23,831 $24,695 

Most performance obligations greater than one year relate to service and support contracts that the Company expects to fulfill within 36 months. The Company expects to fulfill 100% of service and support contracts within 60 months.

The changes in deferred revenue, inclusive of both current and long-term, are as follows:

(in thousands)20252024
Beginning balance - January 1$24,695 $11,454 
Acquired deferred revenue (refer to "Note 3 - Acquisitions")809 7,680 
Recognition of deferred revenue(83,892)(42,052)
Deferral of revenue80,348 38,333 
Impact of foreign currency translation on deferred revenue1,871 — 
Ending balance - June 30
$23,831 $15,415 
The above tables exclude customer deposits of $1.9 million and $1.8 million as of the six months ended June 30, 2025 and 2024, respectively. During the three months ended June 30, 2025 and 2024, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $6.3 million and $2.1 million. During the six months ended June 30, 2025 and 2024, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $17.8 million and $4.9 million.

Disaggregated Revenue

The Company disaggregates revenue from contracts with customers by major product line because the Company believes it best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by contract terms and economic factors.

Three Months Ended June 30, 2025Three Months Ended June 30, 2024
(in thousands)Point in timeOver timePoint in timeOver time
Subscription service$— $71,903 $— $44,872 
Hardware26,864 — 20,116 — 
Professional service4,106 9,531 4,914 8,248 
Total$30,970 $81,434 $25,030 $53,120 

Six Months Ended June 30, 2025Six Months Ended June 30, 2024
(in thousands)Point in timeOver timePoint in timeOver time
Subscription service$— $140,313 $— $83,251 
Hardware48,707 — 38,342 — 
Professional service8,269 18,974 10,641 15,989 
Total$56,976 $159,287 $48,983 $99,240