| Schedule of Reportable Segments |
The following tables set forth certain financial information for each of the Company’s reportable segments for the periods indicated:
|
|
|
Three Months Ended March 31,
|
| |
|
Successor 2025
|
| |
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
147,690 |
|
$
|
86,972 |
|
$
|
(447 |
)
|
|
$
|
234,215 |
|
Cost of revenue
|
|
|
119,596 |
|
|
71,397 |
|
|
(447 |
)
|
|
|
190,546 |
|
Gross profit
|
|
$
|
28,094 |
|
$
|
15,575 |
|
$
|
—
|
|
|
$
|
43,669 |
|
Depreciation and amortization
|
|
$
|
17,877 |
|
$
|
10,722 |
|
$
|
—
|
|
|
$
|
28,599 |
|
Total assets
|
|
$
|
1,157,139 |
|
$
|
1,023,141 |
|
$
|
—
|
|
|
$
|
2,180,280 |
|
Long-lived assets(1)
|
|
$
|
114,711 |
|
$
|
68,762 |
|
$
|
—
|
|
|
$
|
183,473 |
|
|
|
Three Months Ended March 31,
|
| |
|
Predecessor 2024
|
| |
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
143,304 |
|
$
|
80,155 |
|
$
|
(397 |
)
|
|
$
|
223,062 |
|
Cost of revenue
|
|
|
106,308 |
|
|
61,303 |
|
|
(397 |
)
|
|
|
167,214 |
|
Gross profit
|
|
$
|
36,996 |
|
$
|
18,852 |
|
$
|
—
|
|
|
$
|
55,848 |
|
Depreciation and amortization
|
|
$
|
11,941 |
|
$
|
7,152 |
|
$
|
—
|
|
|
$
|
19,093 |
|
Total assets
|
|
|
836,595 |
|
|
433,069 |
|
$
|
—
|
|
|
|
1,269,664 |
|
Long-lived assets(1)
|
|
|
67,223 |
|
|
42,966 |
|
$
|
—
|
|
|
|
110,189 |
|
The following tables set forth certain financial information for each of the Company’s reportable segments for the periods indicated:
|
|
|
Successor
|
|
July 30 to December 31, 2024
|
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
267,136 |
|
$
|
197,541 |
|
$
|
(1,150 |
)
|
|
$
|
463,527 |
|
Cost of revenue
|
|
|
208,574 |
|
|
152,424 |
|
|
(1,150 |
)
|
|
|
359,848 |
|
Gross profit
|
|
|
58,562 |
|
|
45,117 |
|
|
—
|
|
|
|
103,679 |
|
Depreciation and amortization
|
|
|
28,979 |
|
|
18,334 |
|
|
—
|
|
|
|
47,313 |
|
Total assets
|
|
|
1,172,900 |
|
|
1,034,839 |
|
|
—
|
|
|
|
2,207,739 |
|
Long-lived assets(1)
|
|
|
119,354 |
|
|
69,879 |
|
|
—
|
|
|
|
189,233 |
|
|
|
Predecessor
|
| |
|
January 1 to July 29, 2024
|
| |
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
363,474 |
|
$
|
271,859 |
|
$
|
(1,467 |
)
|
|
$
|
633,866 |
|
Cost of revenue
|
|
|
255,335 |
|
|
218,013 |
|
|
(1,467 |
)
|
|
|
471,881 |
|
Gross profit
|
|
|
108,139 |
|
|
53,846 |
|
|
—
|
|
|
|
161,985 |
|
Depreciation and amortization
|
|
|
28,402 |
|
|
17,375 |
|
|
—
|
|
|
|
45,777 |
|
|
|
Predecessor
|
|
January 1 to December 31, 2023
|
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
643,847 |
|
$
|
409,150 |
|
$
|
(2,940 |
)
|
|
$
|
1,050,057 |
|
Cost of revenue
|
|
|
498,964 |
|
|
314,510 |
|
|
(2,940 |
)
|
|
|
810,534 |
|
Gross profit
|
|
|
144,883 |
|
|
94,640 |
|
|
—
|
|
|
|
239,523 |
|
Depreciation and amortization
|
|
|
60,997 |
|
|
33,821 |
|
|
—
|
|
|
|
94,818 |
|
Total assets
|
|
|
745,925 |
|
|
516,690 |
|
|
—
|
|
|
|
1,262,615 |
|
Long-lived assets(1)
|
|
|
69,926 |
|
|
42,338 |
|
|
—
|
|
|
|
112,264 |
|
|
|
Predecessor
|
|
January 1 to December 31, 2022
|
|
United States
|
|
Canada
|
|
Corporate &
Eliminations
|
|
Total
|
|
Service revenue
|
|
$
|
516,055 |
|
$
|
416,042 |
|
$
|
(3,771 |
)
|
|
$
|
928,326 |
|
Cost of revenue
|
|
|
403,463 |
|
|
325,683 |
|
|
(3,771 |
)
|
|
|
725,375 |
|
Gross profit
|
|
|
112,592 |
|
|
90,359 |
|
|
—
|
|
|
|
202,951 |
|
Depreciation and amortization
|
|
|
53,236 |
|
|
33,201 |
|
|
—
|
|
|
|
86,437 |
|
Total assets
|
|
|
817,417 |
|
|
482,944 |
|
|
—
|
|
|
|
1,300,361 |
|
Long-lived assets(1)
|
|
|
87,941 |
|
|
46,259 |
|
|
—
|
|
|
|
134,200 |
|