REVENUE (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

The following table shows the revenue by geography for the three and nine months ended September 30, 2024 and 2023, respectively (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Revenue:
United States	$	27,729	$	26,667	$	81,433	$	76,130
International	16,064		13,975		44,448		42,073
Total revenue	$	43,793	$	40,642	$	125,881	$	118,203

The following table shows over time versus point-in-time revenue for the three and nine months ended September 30, 2024 and 2023, respectively (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Over time revenue	$	36,450	$	32,786	$	104,604	$	92,889
Point-in-time revenue	7,343		7,856		21,277		25,314
Total	$	43,793	$	40,642	$	125,881	$	118,203

Schedule of Contract Balances

The accounts receivable and contract balances as of September 30, 2024 and December 31, 2023 were as follows (in thousands):


	September 30, 2024		December 31, 2023
Accounts receivable, net	$	12,546	$	15,094
Unbilled accounts receivable	$	2,372	$	1,831
Deferred revenue	$	28,854	$	26,435

Schedule of Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

As of September 30, 2024, the contracted but unsatisfied or partially unsatisfied performance obligations expected to be recognized are as follows (in thousands):


	Amount
Remaining 2024	$	19,781
2025	33,064
2026	14,739
2027	3,753
2028	1,616
Thereafter	—
Total	$	72,953

Matterport, Inc./DE 10-Q