SOUNDTHINKING, INC. Revenue Disclosure
Note 3. Revenue Related Disclosures
The changes in deferred revenue were as follows (in thousands):
|
Year Ended December 31, |
|
|||||
|
2025 |
|
|
2024 |
|
||
Beginning balance |
$ |
44,233 |
|
|
$ |
42,077 |
|
New billings |
|
99,686 |
|
|
|
100,094 |
|
Revenue recognized during the year from beginning balance |
|
(36,051 |
) |
|
|
(41,035 |
) |
Revenue recognized during the year from new billings |
|
(63,988 |
) |
|
|
(56,903 |
) |
Ending balance |
$ |
43,880 |
|
|
$ |
44,233 |
|
|
|
|
|
|
|
||
The following table presents remaining performance obligations for contractually committed revenues as of December 31, 2025 (in thousands):
$ |
53,711 |
|
|
|
30,677 |
|
|
|
10,104 |
|
|
|
6,023 |
|
|
Total |
$ |
100,515 |
|
The timing of revenue recognition included in the table above includes estimates of go-live dates for contracts not yet live. Contractually committed revenue includes deferred revenue as of December 31, 2025 and amounts under contract that will be invoiced after December 31, 2025.
During the year ended December 31, 2025, the Company recognized revenues of $100.6 million from customers in the United States and $3.5 million from customers in South Africa, the Bahamas, Uruguay and Brazil. During the year ended December 31, 2024, the Company recognized revenues of $99.3 million from customers in the United States and $2.7 million from customers in South Africa and the Bahamas and Uruguay. During the year ended December 31, 2023, the Company recognized revenues of $90.8 million from customers in the United States and $1.9 million from customers in South Africa and the Bahamas.
During the year ended December 31, 2025, the Company recognized revenues of $103.1 million from monthly subscription, maintenance, and support services, and $1.0 million from professional software development services. During the year ended December 31, 2024, the Company recognized revenues of $99.1 million from monthly subscription, maintenance, and support services and $2.9 million from professional software development services. During the year ended December 31, 2023, the Company recognized revenues of $87.5 million from monthly subscription, maintenance, and support services and $5.2 million from professional software development services.
During the year ended December 31, 2025, the Company recognized $4.3 million of catch-up revenue comprising of $3.5 million of catch-up revenue from two three-year contract renewals with the New York City Police Department which were renewed in the first quarter of 2025 and $0.8 million of catch-up revenue from various other customers.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 30, 2026 | Showing above |
| 2024 | Mar 31, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Mar 14, 2023 | |
| 2021 | Mar 29, 2022 | |
| 2020 | Mar 29, 2021 | |
| 2019 | Mar 13, 2020 | |
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.