Revenues |
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| Revenues | Note 3. Revenues Disaggregation of Revenue The following table depicts the Company's disaggregated revenue for the periods presented:
Revenue by Geographic Locations The following table depicts the Company’s revenue by geographic operations for the periods presented:
Revenues by geography are determined based on the region of the Company's contracting entity, which may be different than the region of the customer. North America revenue consists solely of revenue attributed to the United States. For the three months ended September 30, 2024, revenue attributed to the United Kingdom represented approximately 15% of total revenues. For the nine months ended September 30, 2025 and 2024, revenue attributed to the United Kingdom represented approximately 6% and 14% of total revenues, respectively. For the three months ended September 30, 2025 and 2024, revenue attributed to Belgium represented approximately 6% and 4% of total revenues, respectively. For the nine months ended September 30, 2025 and 2024, revenue attributed to Belgium represented approximately 5% and 4% of total revenues, respectively. No other foreign country represented more than five percent of total revenue during the three and nine months ended September 30, 2025 and 2024. Contract Assets The Company had contract assets of $886, $1,240, and $1,183 as of September 30, 2025, December 31, 2024, and December 31, 2023, respectively. Contract assets are generated when contractual billing schedules differ from the timing of revenue recognition or cash collections. They represent a conditional right to consideration for satisfied performance obligations that becomes a receivable when the conditions are satisfied. They are recorded as part of other current assets on the condensed consolidated balance sheets. Deferred Revenue Details of the Company’s deferred revenue for the periods presented are as follows:
Costs Capitalized to Obtain Revenue Contracts During the nine months ended September 30, 2025 and 2024, the Company capitalized $1,688 and $2,155, respectively, of costs to obtain revenue contracts. The Company amortized costs capitalized to obtain revenue contracts in the amount of $783 and $910 to sales and marketing expense during the three months ended September 30, 2025 and 2024, respectively, and $2,471 and $2,795 during the nine months ended September 30, 2025 and 2024, respectively. There were no impairments of costs capitalized to obtain revenue contracts for the three and nine months ended September 30, 2025 and 2024. Unsatisfied Performance Obligations At September 30, 2025, the Company had $68,900 of remaining contract consideration for which revenue has not been recognized due to unsatisfied performance obligations. The Company expects to recognize this the next five . |
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