v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Deferred Revenue

Deferred revenue is as follows:
(in thousands)June 30, 2026December 31, 2025
Current$20,556 $25,913 
Non-current2,031 1,841 
Total$22,587 $27,754 

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

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

(in thousands)20262025
Beginning balance - January 1$27,754 $24,695 
Acquired deferred revenue (refer to "Note 3 - Acquisitions")92 809 
Recognition of deferred revenue(80,188)(83,892)
Deferral of revenue74,879 80,348 
Impact of foreign currency translation on deferred revenue50 1,871 
Ending balance - June 30$22,587 $23,831 
The above tables exclude customer deposits of $2.7 million and $1.9 million as of the six months ended June 30, 2026 and 2025, respectively. During the six months ended June 30, 2026 and 2025, the Company recognized revenue included in deferred revenue at the beginning of each respective period of $19.9 million and $17.8 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, 2026Three Months Ended June 30, 2025
(in thousands)Point in timeOver timePoint in timeOver time
Subscription service$— $83,391 $— $71,903 
Hardware35,086 — 26,864 — 
Professional service5,205 9,728 4,106 9,531 
Total$40,291 $93,119 $30,970 $81,434 

Six Months Ended June 30, 2026Six Months Ended June 30, 2025
(in thousands)Point in timeOver timePoint in timeOver time
Subscription service$— $161,913 $— $140,313 
Hardware64,340 — 48,707 — 
Professional service11,425 19,705 8,269 18,974 
Total$75,765 $181,618 $56,976 $159,287