v3.25.1
Accounts Receivable (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Accounts Receivable [Abstract]    
Schedule of Accounts Receivable

Accounts receivable is recorded net of an allowance for credit losses and includes invoiced and accrued but unbilled revenue. Accounts receivable consist of the following:

 

Successor

   

March 31,
2025

 

December 31,
2024

Accounts receivable

 

$

177,006

 

 

$

216,613

 

Unbilled receivable

 

 

32,470

 

 

 

24,171

 

Allowance for credit losses

 

 

(2,824

)

 

 

(4,264

)

Total accounts receivable, net

 

$

206,652

 

 

$

236,520

 

Accounts receivables are recorded net of an allowance for credit losses and includes invoiced and accrued but unbilled revenue. Accounts receivable consist of the following:

 

Successor
December 31,
2024

 

Predecessor
December 31,
2023

Accounts receivables

 

$

216,613

 

 

$

211,097

 

Unbilled receivables

 

 

24,171

 

 

 

24,388

 

Allowance for credit losses

 

 

(4,264

)

 

 

(2,241

)

Total accounts receivables, net

 

$

236,520

 

 

$

233,244

 

Schedule of Allowance for Credit Losses   The following table presents the allowance for credit losses activity:
 

Successor
December 31,
2024

 

Predecessor
December 31,
2023

Beginning balance

 

$

 

 

$

1,098

 

Initial allowance for credit losses

 

 

1,867

 

 

 

 

Provision

 

 

2,703

 

 

 

1,353

 

Accounts written off

 

 

(306

)

 

 

(226

)

Foreign currency translation

 

 

 

 

 

16

 

Ending balance

 

$

4,264

 

 

$

2,241