Company: ACIW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000935036-25-000031
Chunk: 28

Company: ACI WORLDWIDE, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 additional information, including disaggregation of revenue based on primary solution category.Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services, software as a service ("SaaS"), and platform as a service ("PaaS") revenues earned in the current period but billed in the following period, and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.

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Total receivables, net is comprised of the following (in thousands): September 30, 2025December 31, 2024Billed receivables$226,632 $198,486 Allowance for credit losses(1,588)(1,758)Billed receivables, net225,044 196,728 Current accrued receivables, net235,482 217,671 Long-term accrued receivables, net363,064 360,079 Total accrued receivables, net598,546 577,750 Total receivables, net$823,590 $774,478 No customer accounted for more than 10% of the Company’s consolidated receivables balance as of September 30, 2025 and December 31, 2024. Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue. Changes in deferred revenue were as follows (in thousands):Balance, December 31, 2024$94,723 Deferral of revenue87,402 Recognition of deferred revenue(104,826)Foreign currency translation2,362 Balance, September 30, 2025$79,661 Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:•Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.•SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient or meets the allocation objective.Revenue allocated to remaining performance obligations was $753.7 million as of September 30, 2025, of which the Company expects to recognize approximately 55% over the