Company: TXG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001770787-25-000032
Chunk: 35

Company: 10x Genomics, Inc.
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 35
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Product warranties9,453 8,615 Taxes payable4,775 4,936 Other12,300 9,157 Accrued expenses and other current liabilities$45,483 $41,165 Product WarrantiesChanges in the reserve for product warranties were as follows (in thousands):Three Months EndedMarch 31,20252024Beginning of period$8,615 $8,116 Amounts charged to cost of revenue3,965 2,355 Repairs and replacements(3,127)(764)End of period$9,453 $9,707 Revenue and Deferred RevenueAs of March 31, 2025, the aggregate amount of remaining performance obligations related to separately sold extended warranty service agreements or allocated amounts for extended warranty service agreements bundled with sales of instruments was $33.5 million, of which approximately $20.9 million is expected to be recognized to revenue in the next 12 months, with the 

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Table of Contents10x Genomics, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

remainder thereafter. The contract liabilities of $33.5 million and $24.1 million as of March 31, 2025 and 2024, respectively, consisted of deferred revenue related to extended warranty service agreements.The following revenue recognized for the periods indicated were included in deferred revenue as of December 31, 2024 and 2023, respectively (in thousands):Three Months EndedMarch 31,20252024Deferred revenue recognized$5,857 $3,595 The following table represents revenue by source for the periods indicated (in thousands). Spatial products include the Company’s Visium and Xenium products:Three Months EndedMarch 31,20252024InstrumentsChromium$5,913 $7,850 Spatial8,902 17,603 Total instruments revenue14,815 25,453 ConsumablesChromium84,109 83,927 Spatial31,247 26,408 Total consumables revenue115,356 110,335 Services7,652 5,217 Products and services revenue137,823 141,005 License and royalty revenue17,060 1 Total revenue$154,883 $141,006 The following table presents revenue by geography based on the location of the customer for the periods indicated (in thousands):Three Months EndedMarch 31,20252024AmericasUnited