Our Bond, Inc. Revenue Disclosure
Note 5 – Revenue
Disaggregation of Revenue
The Company recognizes revenue classified in services and other either at a point in time or over time. Revenue by point in time and over time was as follows (in thousands):
Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| SaaS revenue recognized over time | $ | 1,528 | $ | 1,432 | ||||
| Services and other revenue recognized point in time | 8,444 | 8,304 | ||||||
| Total revenue | $ | 9,972 | $ | 9,736 | ||||
OUR BOND INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
The deferred revenue balance represents payments received for performance obligations not yet satisfied. The following table shows the changes in deferred revenue during the years ended December 31, 2025, and 2024 respectively (in thousands):
Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Balance at beginning of period | $ | 776 | $ | 279 | ||||
| Deferred revenue additions during period | 1,094 | 1,326 | ||||||
| Revenue recognized during period | (1,308 | ) | (829 | ) | ||||
| Balance at end of period | $ | 562 | $ | 776 | ||||
Revenue recognized during the year ended December 31, 2025 that was included in deferred revenue as of December 31, 2024 was $698. Revenue recognized during the year ended December 31, 2024 that was included in deferred revenue as of December 31, 2023 was $279.
Revenue allocated to remaining performance obligations that are unsatisfied (or partially unsatisfied), which includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods, will be recognized within one year or less.
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About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.