Revenue

3 Months Ended

Mar. 31, 2021

Revenue from Contract with Customer [Abstract]

Revenue

Revenue

Disaggregated Revenues

The tables below show the Company’s disaggregated revenue for the periods presented:

	Three Months Ended March 31,
	2021		2020
Subscription revenues	$	235,092	$	193,235
Transactional revenues	84,177		49,239
Re-occurring revenues	112,185		—
Total revenues, gross	431,454		242,474
Deferred revenues adjustment(1)	(3,024)		(1,882)
Total revenues, net	$	428,430	$	240,592
(1) Reflects the deferred revenue adjustment as a result of purchase accounting.

Contract Balances

	Accounts receivable, net		Current portion of deferred revenues		Non-current portion of deferred revenues
Opening (1/1/2021)	$	737,733	$	707,318	$	41,399
Closing (03/31/2021)	706,879		769,030		45,404
(Increase)/decrease	$	30,854	$	(61,712)	$	(4,005)
Opening (1/1/2020)	$	333,858	$	407,325	$	19,723
Closing (03/31/2020)	343,177		472,101		18,774
(Increase)/decrease	$	(9,319)	$	(64,776)	$	949

The amount of revenue recognized in the period that was included in the opening deferred revenues balances was $231,275 and $105,150 for the three months ended March 31, 2021 and 2020, respectively. This revenue consists primarily of subscription revenues.

Transaction Price Allocated to the Remaining Performance Obligation

As of March 31, 2021, approximately $74,238 of revenues is expected to be recognized in the future from remaining performance obligations, excluding contracts with duration of one year or less. The Company expects to recognize revenue on approximately 48.6% of these performance obligations over the next 12 months. Of the remaining 51.4%, 25.2% is expected to be recognized within the following year, 25.7% is expected to be recognized within three to five years, with the final 0.5% expected to be recognized within six to ten years.