Revenues (Tables)

9 Months Ended

Sep. 30, 2025

Revenue Recognition [Abstract]

Schedule of Revenue Recognition for Revenue Categories

The following table summarizes revenue recognition for each revenue category:

Revenue Category	Timing of Revenue Recognition	Income Statement Classification
Connected devices, software licenses, and other	Point in time, as transfer of control occurs, generally upon installation and acceptance by the customer	Product
Consumables	Point in time, as transfer of control occurs, generally upon shipment to, or receipt by, customer	Product
Technical services	Over time, as services are provided, typically ratably over the service term	Service
SaaS and Expert Services	Over time, as services are provided	Service

Schedule of Disaggregation of Revenue

The following table summarizes the Company’s revenues disaggregated by revenue type:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In thousands)
Connected devices, software licenses, and other	$	152,561	$	135,672	$	411,258	$	381,280
Consumables	24,937		22,689		74,580		66,956
Technical services	67,275		59,583		192,420		177,419
SaaS and Expert Services	65,858		64,476		192,603		179,704
Total revenues	$	310,631	$	282,420	$	870,861	$	805,359

Schedule of Disaggregation of Revenues by Geographical Location

The following table summarizes the Company’s revenues disaggregated by geographic region, which is determined based on customer location:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In thousands)
United States	$	278,195	$	258,177	$	790,905	$	731,670
Rest of world (1)	32,436		24,243		79,956		73,689
Total revenues	$	310,631	$	282,420	$	870,861	$	805,359

________________________________________________

(1)    No individual country represented more than 10% of total revenues.

Schedule of Contract Asset and Liabilities

The following table reflects the Company’s contract assets and contract liabilities:

	September 30, 2025		December 31, 2024
	(In thousands)
Short-term unbilled receivables, net (1)	$	46,414	$	32,917
Long-term unbilled receivables, net (2)	3,355		7,873
Total contract assets	$	49,769	$	40,790
Short-term deferred revenues	$	178,777	$	141,370
Long-term deferred revenues	66,723		76,123
Total contract liabilities	$	245,500	$	217,493

_________________________________________________

(1)    Included in accounts receivable and unbilled receivables in the Condensed Consolidated Balance Sheets.

(2)    Included in other long-term assets in the Condensed Consolidated Balance Sheets.