v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table presents our revenue disaggregated by source, which also have similar economic characteristics (in thousands):
Three Months Ended March 31,
20262025
Create Solutions$156,647 $150,378 
Grow Solutions351,591 284,622 
Total revenue$508,238 $435,000 
The following table presents our revenue disaggregated by geography, based on the invoice address of our customers (in thousands):
Three Months Ended March 31,
20262025
United States$134,771 $126,288 
Greater China (1)
100,590 65,202 
EMEA (2)
162,203 152,500 
APAC (3)
98,198 80,081 
Other Americas (4)
12,476 10,929 
Total revenue$508,238 $435,000 
(1)    Greater China includes China, Hong Kong, and Taiwan.
(2)    Europe, the Middle East, and Africa ("EMEA")
(3)    Asia-Pacific, excluding Greater China ("APAC")
(4)    Canada and Latin America ("Other Americas")
Accounts Receivable, Net
Accounts receivable are recorded at the original invoiced amount, net of allowances for uncollectible amounts. We estimate losses on uncollectible amounts based on expected losses, including our historical experience of actual losses. The estimated losses on uncollectible amounts are recorded in general and administrative expense on our condensed consolidated statements of operations. As of March 31, 2026 and December 31, 2025, the allowance for uncollectible amounts was $10.2 million and $10.9 million, respectively.
Sales Commissions
Sales commissions that have a benefit beyond one year are capitalized and amortized on a straight-line method over the expected period of benefit, which is generally three years. As of March 31, 2026, capitalized commissions, net of amortization, included in prepaid expenses and other and other assets were $4.9 million and $2.4 million, respectively. As of December 31, 2025, capitalized commissions, net of amortization, included in prepaid expenses and other and other assets were $5.4 million and $2.8 million, respectively.
During the three months ended March 31, 2026, we recorded amortization costs of $1.6 million in sales and marketing expenses, as compared to $1.9 million during the three months ended March 31, 2025. We did not incur any impairment losses for the three months ended March 31, 2026 and 2025.
Contract Balances and Remaining Performance Obligations
Contract assets (unbilled receivables), primarily included in accounts receivable, net, are recorded when revenue is earned in advance of customer billing schedules. Unbilled receivables totaled $15.3 million and $15.8 million as of March 31, 2026 and December 31, 2025, respectively. The long term portion of those unbilled receivables was included in other long-term assets on our consolidated balance sheets, and was not material as of March 31, 2026 and December 31, 2025.
Contract liabilities (deferred revenue) relate to payments received in advance of performance under the contract. Revenue recognized during the three months ended March 31, 2026 that was included in the deferred revenue balances at January 1, 2026 was $95 million.
Additionally, we have performance obligations associated with commitments in customer contracts to perform in the future that had not yet been recognized in our consolidated financial statements. For contracts with original terms that exceed one year, those commitments not yet recognized as of March 31, 2026, were $526 million and relate primarily to Create Solutions subscriptions, Enterprise Support, and Strategic Partnerships. These commitments generally extend over the next one to five years and we expect to recognize approximately $239 million or 45% of this revenue during the next 12 months.