Quarterly report [Sections 13 or 15(d)]

Revenue from Contracts with Customers

v3.26.3
Revenue from Contracts with Customers
 3 Months Ended
Aug. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue from Contracts with Customers Revenue from Contracts with Customers
Below is a summary of the Company’s revenue concentration by major customer for the three months ended August 31, 2026 and 2025:
Three Months Ended
August 31, 2026 August 31, 2025
Customer A 56  % —  %
Customer B 44  % 100  %
100  % 100  %
Deferred Revenue
Changes in the Company's deferred revenue balances for the three months ended August 31, 2026 and 2025, respectively, are shown in the following table (in thousands):
Three Months Ended
August 31, 2026 August 31, 2025
Balance, beginning of period $ —  $ 3,594 
Advance billings 172 
Revenue recognized (8) (2,942)
Balance, end of period $ 164  $ 652 
Reclassifications to Deferred Revenue Disclosure
For the three months ended August 31, 2026, the Company refined its presentation of contract liability (deferred revenue) roll forward activity to reflect only advance billings associated with future performance obligations and the related revenue recognized. Accordingly, prior period roll forward amounts for the three months ended August 31, 2025 have been reclassified to conform to the current period presentation, in all material respects, with no impact on previously reported total assets, total liabilities, net loss, or cash flows.