| Schedule of Disaggregation of Revenue |
The following shows revenue from subscription and non-subscription contracts (dollars in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
|
2026 |
|
2025 |
|
2026 |
|
2025 |
| Subscription revenue |
$ |
12,793 |
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|
71 |
% |
|
$ |
8,913 |
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|
70 |
% |
|
$ |
38,586 |
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|
74 |
% |
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$ |
42,995 |
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|
77 |
% |
| Non-subscription revenue |
5,205 |
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|
29 |
% |
|
3,757 |
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|
30 |
% |
|
13,294 |
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|
26 |
% |
|
12,733 |
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23 |
% |
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$ |
17,998 |
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100 |
% |
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$ |
12,670 |
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100 |
% |
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$ |
51,880 |
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100 |
% |
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$ |
55,728 |
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|
100 |
% |
The following revenue disaggregated by geography was recognized (dollars in thousands):
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2026 |
|
2025 |
|
2026 |
|
2025 |
| Americas |
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| U.S. |
$ |
9,070 |
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|
50 |
% |
|
$ |
6,613 |
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|
53 |
% |
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$ |
25,839 |
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50 |
% |
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$ |
28,974 |
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52 |
% |
| Canada |
1,235 |
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|
7 |
% |
|
1,153 |
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9 |
% |
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6,714 |
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13 |
% |
|
4,826 |
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9 |
% |
Other(1)
|
24 |
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0 |
% |
|
40 |
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0 |
% |
|
92 |
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|
0 |
% |
|
170 |
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|
0 |
% |
| Total Americas |
10,329 |
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|
57 |
% |
|
7,806 |
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62 |
% |
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32,645 |
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63 |
% |
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33,970 |
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61 |
% |
| EMEA |
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| United Kingdom |
1,145 |
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6 |
% |
|
808 |
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6 |
% |
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3,197 |
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6 |
% |
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5,912 |
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11 |
% |
| Belgium |
— |
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— |
% |
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1,398 |
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11 |
% |
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3,183 |
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6 |
% |
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2,402 |
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4 |
% |
Other(1)
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5,646 |
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|
32 |
% |
|
1,793 |
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14 |
% |
|
11,045 |
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22 |
% |
|
9,889 |
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|
18 |
% |
| Total EMEA |
6,791 |
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|
38 |
% |
|
3,999 |
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|
31 |
% |
|
17,425 |
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|
34 |
% |
|
18,203 |
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|
33 |
% |
| Asia Pacific |
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Other(1)
|
878 |
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|
5 |
% |
|
865 |
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|
7 |
% |
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1,810 |
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3 |
% |
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3,555 |
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6 |
% |
|
878 |
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5 |
% |
|
865 |
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7 |
% |
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1,810 |
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3 |
% |
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3,555 |
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|
6 |
% |
| Total |
$ |
17,998 |
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|
100 |
% |
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$ |
12,670 |
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|
100 |
% |
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$ |
51,880 |
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|
100 |
% |
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$ |
55,728 |
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|
100 |
% |
(1)Revenue from individual geographic regions that represent less than 10% of total revenue for the periods presented are not separately disclosed.
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| Schedule of Changes in Contract Assets and Liabilities |
Changes in contract assets were as follows (in thousands):
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2026 |
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2025 |
| Balance as of January 1, |
$ |
1,778 |
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$ |
785 |
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| Contract assets recorded during the period |
6,093 |
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|
4,667 |
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| Reclassified to accounts receivable |
(1,600) |
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(1,573) |
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| Other |
(26) |
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|
71 |
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| Balance as of September 30, |
$ |
6,245 |
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$ |
3,950 |
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Contract liabilities were reported on the Company's condensed consolidated balance sheets as follows (in thousands):
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September 30,
2026 |
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December 31,
2025 |
| Contract liabilities, current portion |
$ |
32,042 |
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$ |
35,160 |
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| Contract liabilities, non-current |
12,893 |
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|
14,207 |
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| Contract liabilities |
$ |
44,935 |
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$ |
49,367 |
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Changes in contract liabilities were as follows (in thousands):
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2026 |
|
2025 |
| Balance as of January 1, |
$ |
49,367 |
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$ |
45,526 |
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| Contract liabilities recorded during the period |
18,686 |
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|
21,508 |
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| Revenue recognized during the period |
(22,793) |
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|
(18,398) |
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| Other |
(325) |
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|
1,010 |
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| Balance as of September 30, |
$ |
44,935 |
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$ |
49,646 |
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| Schedule of Revenue Remaining Performance Obligation Expected Timing of Satisfaction |
The Company expects to recognize its remaining performance obligations as of September 30, 2026, over the following periods (dollars in thousands):
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September 30, 2026 |
| 1 to 12 months |
$ |
85,944 |
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49 |
% |
| 13 to 24 months |
51,753 |
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|
30 |
% |
| 25 to 36 months |
26,021 |
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|
15 |
% |
| 37 to 48 months |
9,126 |
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|
5 |
% |
| Remaining |
2,571 |
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|
1 |
% |
| Total |
$ |
175,415 |
|
|
100 |
% |
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