v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue
3.
Revenue

The following tables present the Company’s revenue disaggregated by revenue source:

 

Successor

 

 

 

Predecessor

 

 

Three Months Ended

 

 

 

Three Months Ended

 

 

March 31, 2026

 

 

 

March 29, 2025

 

Behavioral Subscription Revenue

$

128,524

 

 

 

$

155,723

 

Clinical Subscription Revenue

 

38,833

 

 

 

 

29,457

 

Subscription Revenue, net

$

167,357

 

 

 

$

185,180

 

Other Revenue, net

 

904

 

 

 

 

1,391

 

Revenue, net

$

168,261

 

 

 

$

186,571

 

 

Information about Contract Balances

For Subscription Revenue, the Company can collect payment in advance of providing services. Any amounts collected in advance of services being provided are recorded in deferred revenue. In the case where amounts are not collected, but the service has been provided and the revenue has been recognized, the amounts are recorded in accounts receivable. The opening and ending balances of the Company’s deferred revenue were as follows:

 

 

Deferred Revenue

 

 

Deferred Revenue

 

 

 

Current

 

 

Long-Term

 

Balance as of December 28, 2024 (Predecessor)

 

$

31,655

 

 

$

93

 

Net increase during the period

 

 

273

 

 

 

16

 

Balance as of March 29, 2025 (Predecessor)

 

$

31,928

 

 

$

109

 

 

 

 

 

Deferred Revenue

 

 

Deferred Revenue

 

 

 

Current

 

 

Long-Term

 

Balance as of December 31, 2025 (Successor)

 

$

28,565

 

 

$

55

 

Net decrease during the period

 

 

(1,816

)

 

 

(25

)

Balance as of March 31, 2026 (Successor)

 

$

26,749

 

 

$

30

 

 

Revenue recognized from amounts included in current deferred revenue as of December 28, 2024 (Predecessor) was $22,675 for the three months ended March 29, 2025 (Predecessor). Revenue recognized from amounts included in current deferred revenue as of December 31, 2025 (Successor) was $20,455 for the three months ended March 31, 2026 (Successor). The Company’s long-term deferred revenue, which is included in other noncurrent liabilities on its unaudited consolidated balance sheets, represents revenue that will not be recognized during the next 12 months and is generally related to upfront payments received as an inducement for entering into certain sales-based royalty agreements with third-party licensees. This revenue is amortized on a straight-line basis over the term of the applicable agreement.