Altair Announces Third Quarter 2024 Financial Results

The following table provides a reconciliation of Billings to revenue, the most comparable GAAP financial measure:

 (Unaudited)  
  Three Months Ended
September 30,
   Nine Months Ended
September 30,
  
(in thousands) 2024   2023   2024   2023  
Revenue$151,450  $134,003  $473,157  $441,198  
Ending deferred revenue 140,835   138,933   140,835   138,933  
Beginning deferred revenue (152,184)  (148,547)  (163,703)  (144,460) 
Deferred revenue acquired (253)     (1,825)    
Billings$139,848  $124,389     $ 448,464     $ 435,671    
   

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